14 April 2025 IRS begins process of obsoleting regulations In Notice 2025-22, the IRS began the process of identifying and obsoleting guidance as directed by Executive Order 14219. The Notice obsoletes the following nine items, which relate to outdated tax provisions, repealed programs or previously listed transactions: - Notice 2015-73, listing notice on basket option contracts
- Notice 2009-49, guidance under IRC Section 409A(a)(2)(A)(v) on certain transactions pursuant to the Emergency Economic Stabilization Act of 2008
- Notice 2018-10, medical device excise tax deposit penalty relief
- Announcement 2013-23, taxable medical devices (correction)
- Announcement 2013-19, taxable medical devices (correction)
- Notice 2015-16, excise tax on high-cost employer-sponsored health coverage
- Notice 2015-52, IRC Section 4980l — excise tax on high-cost employer-sponsored health coverage
- Notice 2005-64, foreign tax credit and other guidance under IRC Section 965
- Revenue Ruling 91-32, partnership effectively connected income lookthrough
| * * * * * * * * * * | | Published by NTD’s Tax Technical Knowledge Services group; Andrea Ben-Yosef, legal editor |
Document ID: 2025-1012 |
