Field directive on timber casualty losses

Field directive on timber casualty losses (NRC)
General Information
Businesses

Amount involved - Private foundation self-dealing

Discussion of amount involved in a self-dealing transaction under Code section 4941.
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Charities and Nonprofits

Exceptions - Taxes on failure to distribute income

Exceptions to the taxes on failure to distribute income by private foundations.
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Charities and Nonprofits

Issue snapshot – Third party loans from plans

A qualified plan may invest in loans to third parties. In this context, a third party loan is any loan other than a loan to a plan participant.
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Private operating foundation - Assets test

Assets test for classification of a private foundation as a private operating foundation.
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Charities and Nonprofits

Retirement topics - Plan assets

Retirement topics - Plan assets
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Administrators

Updates to 2022 Schedule MB instructions pursuant to IRC 432(k)

IRC 432(k), added by section 9704 of the American Rescue Plan Act of 2021, provides rules relating to eligible multiemployer defined benefit plans that apply to PBGC for special financial assistance.
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Businesses

IRC Section 807: Large Business and International (LB&I) Directive Related to Principle Based Reserves for Variable Annuity Contracts (AG 43/VM-21) and Life Insurance Contracts VM-20)

IRC Section 807: Large Business and International (LB&I) Directive Related to Principle Based Reserves for Variable Annuity Contracts (AG 43/VM-21) and Life Insurance Contracts VM-20)
Tax Administration (Non-Authoritative)

Correction period: Failure to distribute income

Discussion of the correction period for private foundation failure to distribute income under Code section 4942.
General Information
Charities and Nonprofits

IRS issues standard mileage rates for 2022

IR-2021-251, December 17, 2021 — The Internal Revenue Service today issued the 2022 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes.
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