us-irs-announcements-irb-2009-11-pdf•Internal Revenue Bulletin 2009-11 (PDF rendition): IRS Announcements
Internal Revenue Bulletin 2009-11 (PDF rendition): IRS Announcements
us-irs-announcements-irb-2009-11-pdfInternal Revenue Bulletin 2009-11 (PDF rendition): IRS AnnouncementsGuidance
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Bulletin No. 200 9-11 March 16, 2009 HIGHLIGHTS OF THIS ISSUE These synopses are intended only as aids to the reader in identifying the subject matter covered. They may not be relied upon as authoritative interpretations. ADMINISTRATIVE Rev. Proc. 2009–18, page 670. This procedure provides issuers of qualified mortgage bonds (QMBs) and qualified mortgage credit certificates (MCCs) with average area purchase price safe harbors for statistical areas in the United States and with a nationwide average purchase price for residences in the United States for purposes of the QMB rules under section 143 of the Code and the MCC rules under section 25. Rev. Proc. 2008–17 obsoleted in part. Announcement 2009–12, page 686. This document contains corrections to temporary regulations (T.D. 9439, 2009–5 I.R.B. 416) that relate to disclosure of information to the Bureau of Economic Analysis. The regula- tions inadvertently removed section 301.6103(j)(1)–1T in its entirety. This document correctly adds the text of section 301.6103(j)(1)–1T into the Code of Federal Regulations. Announcement 2009–13, page 686. This document contains corrections to final regulations (T.D. 9442, 2009–6 I.R.B. 434) providing guidance regarding the treatment of transactions involving obligations between mem- bers of a consolidated group. Announcement 2009–14, page 687. This document contains a correction to proposed regulations (REG–148326–05, 2008–51 I.R.B.1325) providing guidance on the calculation of amounts includible in income under section 409A(a) of the Code and the additional taxes imposed by such section with respect to service providers participating in certain nonqualified deferred compensation plans. Announcement 2009–15, page 687. This document contains corrections to final regulations (T.D. 9436, 2009–3 I.R.B. 268) under sections 6694 and 6695 and related sections of the Code implementing amendments to the tax return preparer penalties made by the Small Business and Work Opportunity Tax Act of 2007 and the Tax Extenders and Alternative Minimum Tax Relief Act of 2008. Announcements of Disbarments and Suspensions begin on page 691. Finding Lists begin on page ii. The IRS Mission Provide Americ a’s taxpayers top quality service by helping them understand an d meet their tax responsibilities and by applying the tax law with integrity and fairness to all. Introduction The Internal Revenue Bulletin is the authoritative instrument of the Commissioner of Internal Revenue for announcing official rulings and procedures of the Internal Revenue Service and for publishing Treasury Decisions, Executive Orders, Tax Conven- tions, legislation, court decisions, and other items of general interest. It is published weekly and may be obtained from the Superintendent of Documents on a subscription basis. Bulletin contents are compiled semiannually into Cumulative Bulletins, which are sold on a single-copy basis. It is the policy of the Service to publish in the Bulletin all sub- stantive rulings necessary to promote a uniform application of the tax laws, including all rulings that supersede, revoke, mod- ify, or amend any of those previously published in the Bulletin. All published rulings apply retroactively unless otherwise indi- cated. Procedures relating solely to matters of internal man- agement are not published; however, statements of internal practices and procedures that affect the rights and duties of taxpayers are published. Revenue rulings represent the conclusions of the Service on the application of the law to the pivotal facts stated in the revenue ruling. In those based on positions taken in rulings to taxpayers or technical advice to Service field offices, identifying details and information of a confidential nature are deleted to prevent unwarranted invasions of privacy and to comply with statutory requirements. Rulings and procedures reported in the Bulletin do not have the force and effect of Treasury Department Regulations, but they may be used as precedents. Unpublished rulings will not be relied on, used, or cited as precedents by Service personnel in the disposition of other cases. In applying published rulings and procedures, the effect of subsequent legislation, regulations, court decisions, rulings, and procedures must be considered, and Service personnel and others concerned are cautioned against reaching the same conclusions in other cases unless the facts and circumstances are substantially the same. The Bulletin is divided into four parts as follows: Part I.—19 86 Code. This part i ncludes rulings and decisions based on provisions of the Intern al Revenue Code of 1986. Part II.—Treaties and Tax Legislation. This part is divided into two subparts as follows: Subpart A, Tax Conventions and Other Related Items, and Subpart B, Leg- islation and Related Committee Reports. Part III.—Administrative, Procedural, and Miscellaneous. To the extent practicable, pertinent cross references to these subjects are contained in the other Parts and Subparts. Also included in this part are Bank Secrecy Act Administrative Rul- ings. Bank Secrecy Act Administrative Rulings are issued by the Department of the Treasury’s Office of the Assistant Secre- tary (Enforcement). Part IV .—Items of General Interest. This par t includes notices of proposed rulemakings, disbar- ment an d suspension lists, and announcements. The last Bulletin for each month includes a cumulative index for the matters published during the preceding months. These monthly indexes are cumulated on a semiannual basis, and are published in the last Bulletin of each semiannual period. The c ontents of this publication are not copyrighted and may be reprinted freely. A citation of the Internal Revenue Bulletin as the source would be appropriate. For sale by the Superintendent of Documents, U.S.Government Printing Office, Washington, DC 20402. March 16, 20092009–11 I.R.B. Part III. Administrative, Procedural, and Miscellaneous 26 CFR 601.201: Rulings and determination letters. (Also: Part I, §§ 25, 103, 143.) Rev. Proc. 2009–18 SECTION 1. PURPOSE This revenue procedure provides is- suers of qualified mortgage bonds, as defined in section 143(a) of the Internal Revenue Code, and issuers of mortgage credit certificates, as defined in section 25(c), with (1) the nationwide average purchase price for residences located in the United States, and (2) average area purchase price safe harbors for residences located in statistical areas in each state, the District of Columbia, Puerto Rico, the Northern Mariana Islands, American Samoa, the Virgin Islands, and Guam. SECTION 2. BACKGROUND .01 Section 103(a) provides that, except as provided in section 103(b), gross in- come does not include interest on any state or local bond. Section 103(b)(1) provides that section 103(a) shall not apply to any private activity bond that is not a “qualified bond” within the meaning of section 141. Section 141(e) provides, in part, that the term “qualified bond” means any private activity bond if such bond (1) is a quali- fied mortgage bond under section 143, (2) meets the volume cap requirements under section 146, and (3) meets the applicable requirements under section 147. .02 Section 143(a)(1) provides that the term “qualified mortgage bond” means a bond that is issued as part of a qualified mortgage issue. Section 143(a)(2)(A) pro- vides that the term “qualified mortgage is- sue” means an issue of one or more bonds by a state or political subdivision thereof, but only if: (i) all proceeds of the issue (ex- clusive of issuance costs and a reasonably required reserve) are to be used to finance owner-occupied residences; (ii) the issue meets the requirements of subsections (c), (d), (e), (f), (g), (h), (i), and (m)(7) of sec- tion 143; (iii) the issue does not meet the private business tests of paragraphs (1) and (2) of section 141(b); and (iv) with respect to amounts received more than 10 years after the date of issuance, repayments of $250,000 or more of principal on mortgage financing provided by the issue are used by the close of the first semiannual period be- ginning after the date the prepayment (or complete repayment) is received to redeem bonds that are part of the issue. Average Area Purchase Price .03 Section 143(e)(1) provides that an issue of bonds meets the purchase price requirements of section 143(e) if the ac- quisition cost of each residence financed by the issue does not exceed 90 percent of the average area purchase price applicable to such residence. Section 143(e)(5) pro- vides that, in the case of a targeted area res- idence (as defined in section 143(j)), sec- tion 143(e)(1) shall be applied by substi- tuting 110 percent for 90 percent. .04 Section 143(e)(2) provides that the term “average area purchase price” means, with respect to any residence, the average purchase price of single-family residences (in the statistical area in which the resi- dence is located) that were purchased dur- ing the most recent 12-month period for which sufficient statistical information is available. Under sections 143(e)(3) and (4), respectively, separate determinations are to be made for new and existing resi- dences, and for two-, three-, and four-fam- ily residences. .05 Section 143(e)(2) provides that the determination of the average area purchase price for a statistical area shall be made as of the date on which the commitment to provide the financing is made or, if earlier, the date of the purchase of the residence. .06 Section 143(k)(2)(A) provides that the term “statistical area” means (i) a metropolitan statistical area (MSA), and (ii) any county (or the portion thereof) that is not within an MSA. Section 143(k)(2)(C) further provides that if suf- ficient recent statistical information with respect to a county (or portion thereof) is unavailable, the Secretary may sub- stitute another area for which there is sufficient recent statistical information for such county (or portion thereof). In the case of any portion of a State which is not within a county, section 143(k)(2)(D) provides that the Secretary may designate as a county any area that is the equivalent of a county. Section 6a.103A–1(b)(4)(i) of the Temporary Income Tax Regulations (issued under section 103A of the Internal Revenue Code of 1954, the predecessor of section 143) provides that the term “State” includes a possession of the United States and the District of Columbia. .07 Section 6a.103A–2(f)(5)(i) pro- vides that an issuer may rely upon the aver- age area purchase price safe harbors pub- lished by the Department of the Treasury for the statistical area in which a residence is located. Section 6a.103A–2(f)(5)(i) further provides that an issuer may use an average area purchase price limitation different from the published safe harbor if the issuer has more accurate and compre- hensive data for the statistical area. Qualified Mortgage Credit Certificate Program .08 Section 25(c) permits a state or political subdivision to establish a quali- fied mortgage credit certificate program. In general, a qualified mortgage credit certificate program is a program under which the issuing authority elects not to issue an amount of private activity bonds that it may otherwise issue during the calendar year under section 146, and in their place, issues mortgage credit certifi- cates to taxpayers in connection with the acquisition of their principal residences. Section 25(a)(1) provides, in general, that the holder of a mortgage credit certificate may claim a federal income tax credit equal to the product of the credit rate specified in the certificate and the interest paid or accrued during the tax year on the remaining principal of the indebtedness incurred to acquire the residence. Section 25(c)(2)(A)(iii)(III) generally provides that residences acquired in connection with the issuance of mortgage credit cer- tificates must meet the purchase price requirements of section 143(e). Income Limitations for Qualified Mortgage Bonds and Mortgage Credit Certificates .09 Section 143(f) imposes limitations on the income of mortgagors for whom financing may be provided by qualified mortgage bonds. In addition, section 25(c)(2)(A)(iii)(IV) provides that holders of mortgage credit certificates must meet 2009–11 I.R.B.670March 16, 2009 the income requirement of section 143(f). Generally, under sections 143(f)(1) and 25(c)(2)(A)(iii)(IV), the income require- ment is met only if all owner-financing under a qualified mortgage bond and all mortgage credit certificates issued under a qualified mortgage credit certificate pro- gram are provided to mortgagors whose family income is 115 percent or less of the applicable median family income. Section 143(f)(5), however, generally provides for an upward adjustment to the percent- age limitation in high housing cost areas. High housing cost areas are defined in section 143(f)(5)(C) as any statistical area for which the housing cost/income ratio is greater than 1.2. .10 Under section 143(f)(5)(D), the housing cost/income ratio with respect to any statistical area is determined by divid- ing (a) the applicable housing price ratio for such area by (b) the ratio that the area median gross income for such area bears to the median gross income for the United States. The applicable housing price ratio is the new housing price ratio (new hous- ing average area purchase price divided by the new housing average purchase price for the United States) or the existing hous- ing price ratio (existing housing average area purchase price divided by the existing housing average purchase price for the United States), whichever results in the housing cost/income ratio being closer to 1. Average Area and Nationwide Purchase Price Limitations .11 Average area purchase price safe harbors for each state, the District of Columbia, Puerto Rico, the Northern Mariana Islands, American Samoa, the Virgin Islands, and Guam were last published in Rev. Proc. 2008–17, 2008–10 I.R.B. 549. .12 The nationwideaverage purchase price limitation was last published in section 4.02 of Rev. Proc. 2008–17. Guidance with respect to the United States and area median grossincome figures that aretobeusedincomputingthehousing cost/income ratio described in section 143(f)(5) was last published in Rev. Proc. 2008–19, 2008–11 I.R.B. 594. .13 This revenue procedure uses FHA loan limits for a given statistical area to calculate the average area purchase price safe harbor for that area. FHA sets lim- its on the dollar value of loans it will in- sure based on median home prices and conforming loan limits established by the Federal Home Loan Mortgage Corpora- tion. In particular, FHA sets an area’s loan limit at 95 percent of the median home sales price for the area, subject to certain floors and caps measured against conform- ingloanlimits. .14 To calculate the average area pur- chase price safe harbors in this revenue procedure, the FHA loan limits are ad- justed to take into account the differences between average and median purchase prices. Because FHA loan limits do not differentiate between new and existing residences, this revenue procedure con- tains a single average area purchase price safe harbor for both new and existing residences in a statistical area. The Trea- sury Department and the Internal Revenue Service have determined that FHA loan limits provide a reasonable basis for de- termining average area purchase price safe harbors. If the Treasury Department and the Internal Revenue Service become aware of other sources of average purchase price data, including data that differentiate between new and existing residences, con- sideration will be given as to whether such data provide a more accurate method for calculating average area purchase price safe harbors. .15 The average area purchase price safeharborslistedinsection4.01ofthis revenue procedure are based on FHA loan limits released November 07, 2008. FHA loan limits are available for statistical ar- eas in each state, the District of Columbia, Puerto Rico, the Northern Mariana Islands, American Samoa, the Virgin Islands, and Guam. See section 3.03 of this revenue procedure with respect to FHA loan lim- its revised after November 07, 2008. .16 OMB Bulletin No. 03–04, dated and effective June 6, 2003, revised the def- initions of the nation’s metropolitan areas and recognized 49 new metropolitan sta- tistical areas. The OMB bulletin no longer includes primary metropolitan statistical areas. SECTION 3. APPLICATION Average Area Purchase Price Safe Harbors .01 Average area purchase price safe harbors for statistical areas in each state, the District of Columbia, Puerto Rico, the Northern Mariana Islands, American Samoa, the Virgin Islands, and Guam are set forth in section 4.01 of this revenue procedure. Average area purchase price safe harbors are provided for single-family and two to four-family residences. For each type of residence, section 4.01 of this revenue procedure contains a single safe harbor that may be used for both new and existing residences. Issuers of qualified mortgage bonds and issuers of mortgage credit certificates may rely on these safe harbors to satisfy the requirements of sec- tions 143(e) and (f). Section 4.01 of this revenue procedure provides safe harbors for MSAs and for certain counties and county equivalents. If no purchase price safe harbor is available for a statistical area, the safe harbor for “ALL OTHER AREAS” may be used for that statistical area (except for Alaska, for which a sepa- rate safe harbor is provided for statistical areas not listed). .02IfaresidenceisinanMSA,thesafe harbor applicable to it is the limitation of that MSA. If an MSA falls in more than one state, the MSA is listed in section 4.01 of this revenue procedure under each state. .03 If the FHA revises the FHA loan limit for any statistical area after Novem- ber 07, 2008, an issuer of qualified mort- gage bonds or mortgage credit certificates may use the revised FHA loan limit for that statistical area to compute (as provided in the next sentence) a revised average area purchase price safe harbor for the statis- tical area provided that the issuer main- tains records evidencing the revised FHA loan limit. The revised average area pur- chase price safe harbor for that statisti- cal area is computed by dividing the re- vised FHA loan limit by .94. When new FHA loan limits pursuant to the American Recovery and Reinvestment Act of 2009, P. L. 111–5, are published, those numbers must be divided by 1.03 to compute a revised average area purchase price safe harbor for a statistical area. .04 If, pursuant to section 6a.103A–2(f)(5)(i), an issuer uses more March 16, 20096712009–11 I.R.B. accurate and comprehensive data to determine the average area purchase price for a statistical area, the issuer must make separate average area purchase price determinations for new and existing resi- dences. Moreover, when computing the average area purchase price for a statistical area that is an MSA, as defined in OMB Bulletin No. 03–04, the issuer must make the computation for the entire applicable MSA. When computing the average area purchase price for a statistical area that is not an MSA, the issuer must make the computation for the entire statistical area and may not combine statistical areas. Thus, for example, the issuer may not combine two or more counties. .05 If an issuer receives a ruling permit- ting it to rely on an average area purchase price limitation that is higher than the applicable safe harbor in this revenue procedure, the issuer may rely on that higher limitation for the purpose of satis- fying the requirements of section 143(e) and (f) for bonds sold, and mortgage credit certificates issued, not more than 30 months following the termination date of the12-monthperiodusedbytheissuerto compute the limitation. Nationwide Average Purchase Price .06 Section 4.02 of this revenue proce- dure sets forth a single nationwide average purchase price for purposes of computing the housing cost/income ratio under sec- tion 143(f)(5). .07 Issuers must use the nationwide av- erage purchase price set forth in section 4.02 of this revenue procedure when com- puting the housing cost/income ratio un- der section 143(f)(5) regardless of whether they are relying on the average area pur- chase price safe harbors contained in this revenue procedure or using more accurate and comprehensive data to determine av- erage area purchase prices for new and ex- isting residences for a statistical area that are different from the published safe har- bors in this revenue procedure. .08 If, pursuant to section 6.02 of this revenue procedure, an issuer relies on the average area purchase price safe harbors contained in Rev. Proc. 2008–17, the is- suer must use the nationwide average pur- chase price set forth in section 4.02 of Rev. Proc. 2008–17 in computing the housing cost/income ratio under section 143(f)(5). Likewise, if, pursuant to section 6.05 of this revenue procedure, an issuer relies on the nationwide average purchase price published in Rev. Proc. 2008–17, the is- suer may not rely on the average area pur- chase price safe harbors published in this revenue procedure. SECTION 4. AVERAGE AREA AND NATIONWIDE AVERAGE PURCHASE PRICES .01 Average area purchase prices for single-family and two to four-family res- idences in MSAs, and for certain counties and county equivalents are set forth below. The safe harbor for “ALL OTHER AR- EAS” (found at the end of the table below) may be used for a statistical area that is not listed below. 2009 FHA Limits for Mortgage Revenue Bonds County NameState One-Unit Limit Two-Unit Limit Three-Unit Limit Four-Unit Limit Yakutat City and BoroughAK $404,878$518,293$626,511$778,632 Aleutians West Census AreaAK $370,732$474,602$573,648$712,937 Juneau City and BoroughAK $370,732$474,602$573,648$712,937 Sitka City and BoroughAK $360,976$462,089$558,590$694,168 Ketchikan Gateway BoroughAK $341,463$437,116$528,367$656,681 Kodiak Island BoroughAK $336,585$430,859$520,838$647,296 North Slope BoroughAK $319,512$409,014$494,433$614,422 Wrangell-Petersburg Census AreaAK $319,512$409,014$494,433$614,422 Anchorage MunicipalityAK $308,537$394,963$477,413$593,319 Matanuska-Susitna BoroughAK $308,537$394,963$477,413$593,319 Coconino CountyAZ $353,659$452,757$547,243$680,117 Alameda CountyCA $663,309$849,178$1,026,458 $1,275,636 Contra Costa CountyCA $663,309$849,178$1,026,458 $1,275,636 Los Angeles CountyCA $663,309$849,178$1,026,458 $1,275,636 Marin CountyCA $663,309$849,178$1,026,458 $1,275,636 Orange CountyCA $663,309$849,178$1,026,458 $1,275,636 2009–11 I.R.B.672March 16, 2009 2009 FHA Limits for Mortgage Revenue Bonds County NameState One-Unit Limit Two-Unit Limit Three-Unit Limit Four-Unit Limit San Benito CountyCA $663,309$849,178$1,026,458 $1,275,636 San Francisco CountyCA $663,309$849,178$1,026,458 $1,275,636 San Mateo CountyCA $663,309$849,178$1,026,458 $1,275,636 Santa Clara CountyCA $663,309$849,178$1,026,458 $1,275,636 SantaCruzCountyCA $663,309$849,178$1,026,458 $1,275,636 Santa Barbara CountyCA $640,244$819,618$990,721$1,231,230 Ventura CountyCA $634,146$811,824$981,283$1,219,512 Napa CountyCA $628,049$804,030$971,845$1,207,794 San Luis Obispo CountyCA $595,122$761,877$920,891$1,144,486 San Diego CountyCA $579,268$741,569$896,394$1,113,998 Mono CountyCA $560,976$718,134$868,081$1,078,791 Sonoma CountyCA $552,439$707,211$854,878$1,062,407 Monterey CountyCA $512,195$655,673$792,577$984,995 Nevada CountyCA $506,098$647,879$783,139$973,277 El Dorado CountyCA $503,659$644,751$779,374$968,558 Placer CountyCA $503,659$644,751$779,374$968,558 Sacramento CountyCA $503,659$644,751$779,374$968,558 Yolo CountyCA $503,659$644,751$779,374$968,558 Alpine CountyCA $491,463$629,162$760,498$945,122 Solano CountyCA $424,390$543,266$656,734$816,119 Calaveras CountyCA $396,341$507,370$613,309$762,195 Mendocino CountyCA $396,341$507,370$613,309$762,195 Inyo CountyCA $391,463$501,113$605,779$752,810 Riverside CountyCA $376,829$482,397$583,086$724,655 SanBernardinoCountyCA $376,829$482,397$583,086$724,655 Plumas CountyCA $357,317$457,423$552,916$687,169 Amador CountyCA $352,439$451,166$545,387$677,784 Tuolumne CountyCA $351,220$449,629$543,478$675,398 Humboldt CountyCA $347,561$444,910$537,805$668,399 Mariposa CountyCA $341,463$437,116$528,367$656,681 San Joaquin CountyCA $323,171$413,680$500,053$621,474 Butte CountyCA $310,976$398,091$481,177$598,038 Fresno CountyCA $298,780$382,503$462,354$574,549 Stanislaus CountyCA $292,683$374,655$452,916$562,831 Shasta CountyCA $290,244$371,527$449,099$558,165 Eagle CountyCO $663,309$849,178$1,026,458 $1,275,636 March 16, 20096732009–11 I.R.B. 2009 FHA Limits for Mortgage Revenue Bonds County NameState One-Unit Limit Two-Unit Limit Three-Unit Limit Four-Unit Limit Lake CountyCO $663,309$849,178$1,026,458 $1,275,636 Pitkin CountyCO $663,309$849,178$1,026,458 $1,275,636 Routt CountyCO $663,309$849,178$1,026,458 $1,275,636 San Miguel CountyCO $663,309$849,178$1,026,458 $1,275,636 Summit CountyCO $663,309$849,178$1,026,458 $1,275,636 Hinsdale CountyCO $448,780$574,496$694,433$863,043 Ouray CountyCO $445,122$569,830$688,812$855,992 Garfield CountyCO $439,024$562,036$679,374$844,274 Boulder CountyCO $426,829$546,394$660,498$820,838 La Plata CountyCO $402,439$515,164$622,747$773,913 Adams CountyCO $390,244$499,576$603,871$750,477 Arapahoe CountyCO $390,244$499,576$603,871$750,477 Broomfield CountyCO $390,244$499,576$603,871$750,477 Clear Creek CountyCO $390,244$499,576$603,871$750,477 Denver CountyCO $390,244$499,576$603,871$750,477 Douglas CountyCO $390,244$499,576$603,871$750,477 Elbert CountyCO $390,244$499,576$603,871$750,477 Gilpin CountyCO $390,244$499,576$603,871$750,477 Jefferson CountyCO $390,244$499,576$603,871$750,477 Park CountyCO $390,244$499,576$603,871$750,477 Gunnison CountyCO $379,268$485,525$586,903$729,374 Grand CountyCO $328,049$419,936$507,635$630,859 Archuleta CountyCO $302,439$387,169$467,975$581,601 Chaffee CountyCO $291,463$373,118$451,007$560,498 Fairfield CountyCT $542,683$694,751$839,767$1,043,637 Litchfield CountyCT $379,268$485,525$586,903$729,374 Hartford CountyCT $340,244$435,578$526,511$654,295 Middlesex CountyCT $340,244$435,578$526,511$654,295 Tolland CountyCT $340,244$435,578$526,511$654,295 New Haven CountyCT $324,390$415,270$501,962$623,807 New London CountyCT $297,561$380,912$460,445$572,216 Windham CountyCT $287,805$368,452$445,334$553,446 New Castle CountyDE $402,439$515,164$622,747$773,913 Sussex CountyDE $335,366$429,321$518,929$644,910 2009–11 I.R.B.674March 16, 2009 2009 FHA Limits for Mortgage Revenue Bonds County NameState One-Unit Limit Two-Unit Limit Three-Unit Limit Four-Unit Limit Monroe CountyFL $560,976$718,134$868,081$1,078,791 Collier CountyFL $475,610$608,855$735,949$914,634 Broward CountyFL $365,854$468,346$566,119$703,552 Miami-Dade CountyFL $365,854$468,346$566,119$703,552 Palm Beach CountyFL $365,854$468,346$566,119$703,552 Walton CountyFL $345,122$441,782$534,040$663,680 Martin CountyFL $335,366$429,321$518,929$644,910 St. Lucie CountyFL $335,366$429,321$518,929$644,910 Baker CountyFL $323,171$413,680$500,053$621,474 Clay CountyFL $323,171$413,680$500,053$621,474 Duval CountyFL $323,171$413,680$500,053$621,474 Nassau CountyFL $323,171$413,680$500,053$621,474 St. Johns CountyFL $323,171$413,680$500,053$621,474 Manatee CountyFL $302,439$387,169$467,975$581,601 Sarasota CountyFL $302,439$387,169$467,975$581,601 Lake CountyFL $291,463$373,118$451,007$560,498 Orange CountyFL $291,463$373,118$451,007$560,498 Osceola CountyFL $291,463$373,118$451,007$560,498 Seminole CountyFL $291,463$373,118$451,007$560,498 District of ColumbiaDC $663,309$849,178$1,026,458 $1,275,636 Greene CountyGA $546,341$699,417$845,440$1,050,689 Barrow CountyGA $340,244$435,578$526,511$654,295 Bartow CountyGA $340,244$435,578$526,511$654,295 Butts CountyGA $340,244$435,578$526,511$654,295 Carroll CountyGA $340,244$435,578$526,511$654,295 Cherokee CountyGA $340,244$435,578$526,511$654,295 Clayton CountyGA $340,244$435,578$526,511$654,295 Cobb CountyGA $340,244$435,578$526,511$654,295 Coweta CountyGA $340,244$435,578$526,511$654,295 Dawson CountyGA $340,244$435,578$526,511$654,295 DeKalb CountyGA $340,244$435,578$526,511$654,295 Douglas CountyGA $340,244$435,578$526,511$654,295 Fayette CountyGA $340,244$435,578$526,511$654,295 Forsyth CountyGA $340,244$435,578$526,511$654,295 Fulton CountyGA $340,244$435,578$526,511$654,295 March 16, 20096752009–11 I.R.B. 2009 FHA Limits for Mortgage Revenue Bonds County NameState One-Unit Limit Two-Unit Limit Three-Unit Limit Four-Unit Limit Gwinnett CountyGA $340,244$435,578$526,511$654,295 Haralson CountyGA $340,244$435,578$526,511$654,295 Heard CountyGA $340,244$435,578$526,511$654,295 Henry CountyGA $340,244$435,578$526,511$654,295 Jasper CountyGA $340,244$435,578$526,511$654,295 Lamar CountyGA $340,244$435,578$526,511$654,295 Meriwether CountyGA $340,244$435,578$526,511$654,295 Newton CountyGA $340,244$435,578$526,511$654,295 Paulding CountyGA $340,244$435,578$526,511$654,295 Pickens CountyGA $340,244$435,578$526,511$654,295 Pike CountyGA $340,244$435,578$526,511$654,295 Rockdale CountyGA $340,244$435,578$526,511$654,295 Spalding CountyGA $340,244$435,578$526,511$654,295 Walton CountyGA $340,244$435,578$526,511$654,295 Clarke CountyGA $309,756$396,554$479,321$595,652 Madison CountyGA $309,756$396,554$479,321$595,652 Oconee CountyGA $309,756$396,554$479,321$595,652 Oglethorpe CountyGA $309,756$396,554$479,321$595,652 GuamGU $597,561$765,005$924,708$1,149,152 Honolulu CountyHI $764,634$978,844$1,183,245 $1,470,467 Kauai CountyHI $756,098$967,922$1,170,042 $1,454,030 Maui CountyHI $664,634$850,848$1,028,473 $1,278,155 Kalawao CountyHI $640,244$819,618$990,721$1,231,230 Hawaii CountyHI $390,244$499,576$603,871$750,477 Teton CountyID $663,309$849,178$1,026,458 $1,275,636 Blaine CountyID $485,366$621,368$751,060$933,404 Valley CountyID $289,024$369,989$447,243$555,832 Cook CountyIL $387,805$496,448$600,106$745,758 DeKalb CountyIL $387,805$496,448$600,106$745,758 DuPage CountyIL $387,805$496,448$600,106$745,758 Grundy CountyIL $387,805$496,448$600,106$745,758 Kane CountyIL $387,805$496,448$600,106$745,758 Kendall CountyIL $387,805$496,448$600,106$745,758 Lake CountyIL $387,805$496,448$600,106$745,758 2009–11 I.R.B.676March 16, 2009 2009 FHA Limits for Mortgage Revenue Bonds County NameState One-Unit Limit Two-Unit Limit Three-Unit Limit Four-Unit Limit McHenry CountyIL $387,805$496,448$600,106$745,758 Will CountyIL $387,805$496,448$600,106$745,758 Boone CountyIL $359,756$460,551$556,681$691,835 Winnebago CountyIL $359,756$460,551$556,681$691,835 Jasper CountyIN $387,805$496,448$600,106$745,758 Lake CountyIN $387,805$496,448$600,106$745,758 Newton CountyIN $387,805$496,448$600,106$745,758 Porter CountyIN $387,805$496,448$600,106$745,758 Dukes CountyMA $663,309$849,178$1,026,458 $1,275,636 Nantucket CountyMA $663,309$849,178$1,026,458 $1,275,636 Essex CountyMA $493,902$632,291$764,263$949,841 Middlesex CountyMA $493,902$632,291$764,263$949,841 Norfolk CountyMA $493,902$632,291$764,263$949,841 Plymouth CountyMA $493,902$632,291$764,263$949,841 Suffolk CountyMA $493,902$632,291$764,263$949,841 Bristol CountyMA $452,439$579,215$700,106$870,095 Barnstable CountyMA $430,488$551,113$666,172$827,837 Worcester CountyMA $302,439$387,169$467,975$581,601 Calvert CountyMD $663,309$849,178$1,026,458 $1,275,636 Charles CountyMD $663,309$849,178$1,026,458 $1,275,636 Frederick CountyMD $663,309$849,178$1,026,458 $1,275,636 Montgomery CountyMD $663,309$849,178$1,026,458 $1,275,636 Prince George’s CountyMD $663,309$849,178$1,026,458 $1,275,636 Anne Arundel CountyMD $524,390$671,315$811,453$1,008,431 Baltimore CountyMD $524,390$671,315$811,453$1,008,431 Carroll CountyMD $524,390$671,315$811,453$1,008,431 Harford CountyMD $524,390$671,315$811,453$1,008,431 Howard CountyMD $524,390$671,315$811,453$1,008,431 Queen Anne’s CountyMD $524,390$671,315$811,453$1,008,431 Baltimore cityMD $524,390$671,315$811,453$1,008,431 Talbot CountyMD $406,098$519,883$628,420$780,965 Cecil CountyMD $402,439$515,164$622,747$773,913 St. Mary’s CountyMD $368,293$471,474$569,883$708,271 Worcester CountyMD $329,268$421,527$509,491$633,192 March 16, 20096772009–11 I.R.B. 2009 FHA Limits for Mortgage Revenue Bonds County NameState One-Unit Limit Two-Unit Limit Three-Unit Limit Four-Unit Limit Kent CountyMD $308,537$394,963$477,413$593,319 Knox CountyME $296,341$379,374$458,537$569,883 Cumberland CountyME $289,024$369,989$447,243$555,832 Sagadahoc CountyME $289,024$369,989$447,243$555,832 York CountyME $289,024$369,989$447,243$555,832 Hancock CountyME $287,805$368,452$445,334$553,446 Anoka CountyMN $337,805$432,450$522,747$649,629 Carver CountyMN $337,805$432,450$522,747$649,629 Chisago CountyMN $337,805$432,450$522,747$649,629 Dakota CountyMN $337,805$432,450$522,747$649,629 Hennepin CountyMN $337,805$432,450$522,747$649,629 Isanti CountyMN $337,805$432,450$522,747$649,629 Ramsey CountyMN $337,805$432,450$522,747$649,629 Scott CountyMN $337,805$432,450$522,747$649,629 Sherburne CountyMN $337,805$432,450$522,747$649,629 Washington CountyMN $337,805$432,450$522,747$649,629 Wright CountyMN $337,805$432,450$522,747$649,629 Cook CountyMN $300,000$384,040$464,210$576,935 Tinian MunicipalityMP $564,634$722,853$873,754$1,085,843 Saipan MunicipalityMP $560,976$718,134$868,081$1,078,791 Northern Islands MunicipalityMP $556,098$711,877$860,498$1,069,406 Rota MunicipalityMP $435,366$557,317$673,701$837,222 Gallatin CountyMT $367,073$469,883$568,028$705,885 Flathead CountyMT $319,512$409,014$494,433$614,422 Missoula CountyMT $300,000$384,040$464,210$576,935 Madison CountyMT $298,780$382,503$462,354$574,549 Sweet Grass CountyMT $297,561$380,912$460,445$572,216 Jefferson CountyMT $293,902$376,246$454,772$565,164 Lewis and Clark CountyMT $293,902$376,246$454,772$565,164 Camden CountyNC $663,309$849,178$1,026,458 $1,275,636 Pasquotank CountyNC $663,309$849,178$1,026,458 $1,275,636 Perquimans CountyNC $663,309$849,178$1,026,458 $1,275,636 Hyde CountyNC $512,195$655,673$792,577$984,995 2009–11 I.R.B.678March 16, 2009 2009 FHA Limits for Mortgage Revenue Bonds County NameState One-Unit Limit Two-Unit Limit Three-Unit Limit Four-Unit Limit Currituck CountyNC $486,585$622,906$752,969$935,737 Dare CountyNC $414,634$530,806$641,622$797,349 Chatham CountyNC $354,878$454,295$549,152$682,450 Durham CountyNC $354,878$454,295$549,152$682,450 Orange CountyNC $354,878$454,295$549,152$682,450 Person CountyNC $354,878$454,295$549,152$682,450 Rockingham CountyNH $493,902$632,291$764,263$949,841 Strafford CountyNH $493,902$632,291$764,263$949,841 Hillsborough CountyNH $313,415$401,220$484,995$602,704 Bergen CountyNJ $663,309$849,178$1,026,458 $1,275,636 Essex CountyNJ $663,309$849,178$1,026,458 $1,275,636 Hudson CountyNJ $663,309$849,178$1,026,458 $1,275,636 Hunterdon CountyNJ $663,309$849,178$1,026,458 $1,275,636 Middlesex CountyNJ $663,309$849,178$1,026,458 $1,275,636 Monmouth CountyNJ $663,309$849,178$1,026,458 $1,275,636 Morris CountyNJ $663,309$849,178$1,026,458 $1,275,636 Ocean CountyNJ $663,309$849,178$1,026,458 $1,275,636 Passaic CountyNJ $663,309$849,178$1,026,458 $1,275,636 Somerset CountyNJ $663,309$849,178$1,026,458 $1,275,636 Sussex CountyNJ $663,309$849,178$1,026,458 $1,275,636 Union CountyNJ $663,309$849,178$1,026,458 $1,275,636 Cape May CountyNJ $439,024$562,036$679,374$844,274 Burlington CountyNJ $402,439$515,164$622,747$773,913 Camden CountyNJ $402,439$515,164$622,747$773,913 Gloucester CountyNJ $402,439$515,164$622,747$773,913 Salem CountyNJ $402,439$515,164$622,747$773,913 Mercer CountyNJ $365,854$468,346$566,119$703,552 Atlantic CountyNJ $335,366$429,321$518,929$644,910 Warren CountyNJ $324,390$415,270$501,962$623,807 Los Alamos CountyNM $403,659$516,755$624,602$776,246 SantaFeCountyNM $390,244$499,576$603,871$750,477 Douglas CountyNV $371,951$476,140$575,557$715,270 Storey CountyNV $345,122$441,782$534,040$663,680 Washoe CountyNV $345,122$441,782$534,040$663,680 March 16, 20096792009–11 I.R.B. 2009 FHA Limits for Mortgage Revenue Bonds County NameState One-Unit Limit Two-Unit Limit Three-Unit Limit Four-Unit Limit Clark CountyNV $304,878$390,297$471,792$586,320 Carson CityNV $303,659$388,706$469,883$583,934 Bronx CountyNY $663,309$849,178$1,026,458 $1,275,636 Kings CountyNY $663,309$849,178$1,026,458 $1,275,636 Nassau CountyNY $663,309$849,178$1,026,458 $1,275,636 New York CountyNY $663,309$849,178$1,026,458 $1,275,636 Putnam CountyNY $663,309$849,178$1,026,458 $1,275,636 Queens CountyNY $663,309$849,178$1,026,458 $1,275,636 Richmond CountyNY $663,309$849,178$1,026,458 $1,275,636 Rockland CountyNY $663,309$849,178$1,026,458 $1,275,636 Suffolk CountyNY $663,309$849,178$1,026,458 $1,275,636 Westchester CountyNY $663,309$849,178$1,026,458 $1,275,636 Dutchess CountyNY $378,049$483,934$584,995$726,988 Orange CountyNY $378,049$483,934$584,995$726,988 Delaware CountyOH $329,268$421,527$509,491$633,192 Fairfield CountyOH $329,268$421,527$509,491$633,192 Franklin CountyOH $329,268$421,527$509,491$633,192 Licking CountyOH $329,268$421,527$509,491$633,192 Madison CountyOH $329,268$421,527$509,491$633,192 Morrow CountyOH $329,268$421,527$509,491$633,192 Pickaway CountyOH $329,268$421,527$509,491$633,192 Union CountyOH $329,268$421,527$509,491$633,192 Hood River CountyOR $393,902$504,242$609,544$757,529 Clackamas CountyOR $384,146$491,782$594,433$738,759 Columbia CountyOR $384,146$491,782$594,433$738,759 Multnomah CountyOR $384,146$491,782$594,433$738,759 Washington CountyOR $384,146$491,782$594,433$738,759 Yamhill CountyOR $384,146$491,782$594,433$738,759 Curry CountyOR $347,561$444,910$537,805$668,399 Deschutes CountyOR $324,390$415,270$501,962$623,807 Benton CountyOR $313,415$401,220$484,995$602,704 Tillamook CountyOR $304,878$390,297$471,792$586,320 Clatsop CountyOR $298,780$382,503$462,354$574,549 Jackson CountyOR $296,341$379,374$458,537$569,883 2009–11 I.R.B.680March 16, 2009 2009 FHA Limits for Mortgage Revenue Bonds County NameState One-Unit Limit Two-Unit Limit Three-Unit Limit Four-Unit Limit Lincoln CountyOR $292,683$374,655$452,916$562,831 Pike CountyPA $663,309$849,178$1,026,458 $1,275,636 Bucks CountyPA $402,439$515,164$622,747$773,913 Chester CountyPA $402,439$515,164$622,747$773,913 Delaware CountyPA $402,439$515,164$622,747$773,913 Montgomery CountyPA $402,439$515,164$622,747$773,913 Philadelphia CountyPA $402,439$515,164$622,747$773,913 Carbon CountyPA $324,390$415,270$501,962$623,807 Lehigh CountyPA $324,390$415,270$501,962$623,807 Northampton CountyPA $324,390$415,270$501,962$623,807 Bristol CountyRI $452,439$579,215$700,106$870,095 Kent CountyRI $452,439$579,215$700,106$870,095 Newport CountyRI $452,439$579,215$700,106$870,095 Providence CountyRI $452,439$579,215$700,106$870,095 Washington CountyRI $452,439$579,215$700,106$870,095 Georgetown CountySC $347,561$444,910$537,805$668,399 Beaufort CountySC $329,268$421,527$509,491$633,192 Jasper CountySC $329,268$421,527$509,491$633,192 Berkeley CountySC $320,732$410,604$496,288$616,808 Charleston CountySC $320,732$410,604$496,288$616,808 Dorchester CountySC $320,732$410,604$496,288$616,808 Cannon CountyTN $417,073$533,934$645,387$802,068 Cheatham CountyTN $417,073$533,934$645,387$802,068 Davidson CountyTN $417,073$533,934$645,387$802,068 Dickson CountyTN $417,073$533,934$645,387$802,068 Hickman CountyTN $417,073$533,934$645,387$802,068 Macon CountyTN $417,073$533,934$645,387$802,068 Robertson CountyTN $417,073$533,934$645,387$802,068 Rutherford CountyTN $417,073$533,934$645,387$802,068 Smith CountyTN $417,073$533,934$645,387$802,068 Sumner CountyTN $417,073$533,934$645,387$802,068 Trousdale CountyTN $417,073$533,934$645,387$802,068 Williamson CountyTN $417,073$533,934$645,387$802,068 Wilson CountyTN $417,073$533,934$645,387$802,068 March 16, 20096812009–11 I.R.B. 2009 FHA Limits for Mortgage Revenue Bonds County NameState One-Unit Limit Two-Unit Limit Three-Unit Limit Four-Unit Limit Atascosa CountyTX $304,878$390,297$471,792$586,320 Bandera CountyTX $304,878$390,297$471,792$586,320 Bexar CountyTX $304,878$390,297$471,792$586,320 Comal CountyTX $304,878$390,297$471,792$586,320 Guadalupe CountyTX $304,878$390,297$471,792$586,320 Kendall CountyTX $304,878$390,297$471,792$586,320 Medina CountyTX $304,878$390,297$471,792$586,320 Wilson CountyTX $304,878$390,297$471,792$586,320 Salt Lake CountyUT $636,585$814,952$985,101$1,224,231 Summit CountyUT $636,585$814,952$985,101$1,224,231 Tooele CountyUT $636,585$814,952$985,101$1,224,231 Davis CountyUT $413,415$529,215$639,714$795,016 Morgan CountyUT $413,415$529,215$639,714$795,016 Weber CountyUT $413,415$529,215$639,714$795,016 Wasatch CountyUT $345,122$441,782$534,040$663,680 Washington CountyUT $295,122$377,784$456,681$567,550 Arlington CountyVA $663,309$849,178$1,026,458 $1,275,636 Clarke CountyVA $663,309$849,178$1,026,458 $1,275,636 Fairfax CountyVA $663,309$849,178$1,026,458 $1,275,636 Fauquier CountyVA $663,309$849,178$1,026,458 $1,275,636 Loudoun CountyVA $663,309$849,178$1,026,458 $1,275,636 Prince William CountyVA $663,309$849,178$1,026,458 $1,275,636 Spotsylvania CountyVA $663,309$849,178$1,026,458 $1,275,636 Stafford CountyVA $663,309$849,178$1,026,458 $1,275,636 Warren CountyVA $663,309$849,178$1,026,458 $1,275,636 Alexandria cityVA $663,309$849,178$1,026,458 $1,275,636 Fairfax cityVA $663,309$849,178$1,026,458 $1,275,636 Falls Church cityVA $663,309$849,178$1,026,458 $1,275,636 Fredericksburg cityVA $663,309$849,178$1,026,458 $1,275,636 Manassas cityVA $663,309$849,178$1,026,458 $1,275,636 Manassas Park cityVA $663,309$849,178$1,026,458 $1,275,636 Amelia CountyVA $568,293$727,519$879,374$1,092,895 Caroline CountyVA $568,293$727,519$879,374$1,092,895 Charles City CountyVA $568,293$727,519$879,374$1,092,895 Chesterfield CountyVA $568,293$727,519$879,374$1,092,895 2009–11 I.R.B.682March 16, 2009 2009 FHA Limits for Mortgage Revenue Bonds County NameState One-Unit Limit Two-Unit Limit Three-Unit Limit Four-Unit Limit Cumberland CountyVA $568,293$727,519$879,374$1,092,895 Dinwiddie CountyVA $568,293$727,519$879,374$1,092,895 Goochland CountyVA $568,293$727,519$879,374$1,092,895 Hanover CountyVA $568,293$727,519$879,374$1,092,895 Henrico CountyVA $568,293$727,519$879,374$1,092,895 King and Queen CountyVA $568,293$727,519$879,374$1,092,895 King William CountyVA $568,293$727,519$879,374$1,092,895 Louisa CountyVA $568,293$727,519$879,374$1,092,895 New Kent CountyVA $568,293$727,519$879,374$1,092,895 Powhatan CountyVA $568,293$727,519$879,374$1,092,895 Prince George CountyVA $568,293$727,519$879,374$1,092,895 Sussex CountyVA $568,293$727,519$879,374$1,092,895 Colonial Heights cityVA $568,293$727,519$879,374$1,092,895 Hopewell cityVA $568,293$727,519$879,374$1,092,895 Petersburg cityVA $568,293$727,519$879,374$1,092,895 Richmond cityVA $568,293$727,519$879,374$1,092,895 Gloucester CountyVA $486,585$622,906$752,969$935,737 Isle of Wight CountyVA $486,585$622,906$752,969$935,737 James City CountyVA $486,585$622,906$752,969$935,737 Mathews CountyVA $486,585$622,906$752,969$935,737 Surry CountyVA $486,585$622,906$752,969$935,737 York CountyVA $486,585$622,906$752,969$935,737 Chesapeake cityVA $486,585$622,906$752,969$935,737 Hampton cityVA $486,585$622,906$752,969$935,737 Newport News cityVA $486,585$622,906$752,969$935,737 Norfolk cityVA $486,585$622,906$752,969$935,737 Poquoson cityVA $486,585$622,906$752,969$935,737 Portsmouth cityVA $486,585$622,906$752,969$935,737 Suffolk cityVA $486,585$622,906$752,969$935,737 Virginia Beach cityVA $486,585$622,906$752,969$935,737 Williamsburg cityVA $486,585$622,906$752,969$935,737 Lancaster CountyVA $469,512$601,060$726,511$902,916 Albemarle CountyVA $463,415$593,266$717,073$891,198 Fluvanna CountyVA $463,415$593,266$717,073$891,198 Greene CountyVA $463,415$593,266$717,073$891,198 Nelson CountyVA $463,415$593,266$717,073$891,198 Charlottesville cityVA $463,415$593,266$717,073$891,198 March 16, 20096832009–11 I.R.B. 2009 FHA Limits for Mortgage Revenue Bonds County NameState One-Unit Limit Two-Unit Limit Three-Unit Limit Four-Unit Limit Rappahannock CountyVA $381,707$488,653$590,668$734,040 King George CountyVA $371,951$476,140$575,557$715,270 Northumberland CountyVA $337,805$432,450$522,747$649,629 Culpeper CountyVA $304,878$390,297$471,792$586,320 Rockingham CountyVA $293,902$376,246$454,772$565,164 Harrisonburg cityVA $293,902$376,246$454,772$565,164 St. John IslandVI $660,976$846,182$1,022,800 $1,271,103 St. Thomas IslandVI $473,171$605,726$732,185$909,968 St. Croix IslandVI $347,561$444,910$537,805$668,399 Chittenden CountyVT $304,878$390,297$471,792$586,320 Franklin CountyVT $304,878$390,297$471,792$586,320 Grand Isle CountyVT $304,878$390,297$471,792$586,320 Bennington CountyVT $293,902$376,246$454,772$565,164 Lamoille CountyVT $292,683$374,655$452,916$562,831 King CountyWA $536,585$686,903$830,329$1,031,919 Pierce CountyWA $536,585$686,903$830,329$1,031,919 Snohomish CountyWA $536,585$686,903$830,329$1,031,919 San Juan CountyWA $512,195$655,673$792,577$984,995 Clark CountyWA $384,146$491,782$594,433$738,759 Skamania CountyWA $384,146$491,782$594,433$738,759 Chelan CountyWA $363,415$465,217$562,354$698,887 Douglas CountyWA $363,415$465,217$562,354$698,887 Jefferson CountyWA $341,463$437,116$528,367$656,681 Island CountyWA $335,366$429,321$518,929$644,910 Kitsap CountyWA $325,610$416,808$503,871$626,193 Whatcom CountyWA $323,171$413,680$500,053$621,474 Clallam CountyWA $314,634$402,757$486,850$605,037 Skagit CountyWA $313,415$401,220$484,995$602,704 Thurston CountyWA $310,976$398,091$481,177$598,038 Kenosha CountyWI $387,805$496,448$600,106$745,758 Pierce CountyWI $337,805$432,450$522,747$649,629 St. Croix CountyWI $337,805$432,450$522,747$649,629 Milwaukee CountyWI $298,780$382,503$462,354$574,549 Ozaukee CountyWI $298,780$382,503$462,354$574,549 2009–11 I.R.B.684March 16, 2009 2009 FHA Limits for Mortgage Revenue Bonds County NameState One-Unit Limit Two-Unit Limit Three-Unit Limit Four-Unit Limit Washington CountyWI $298,780$382,503$462,354$574,549 Waukesha CountyWI $298,780$382,503$462,354$574,549 Jefferson CountyWV $663,309$849,178$1,026,458 $1,275,636 Sublette CountyWY $292,683$374,655$452,916$562,831 Teton CountyWY $663,309$849,178$1,026,458 $1,275,636 All other areas (floor): $287,434$367,975$444,751$552,757 .02 The nationwideaverage purchase price (for use in the housing cost/income ratio for new and existing residences) is $243,100. SECTION 5. EFFECT ON OTHER DOCUMENTS Rev. Proc. 2008–17 is obsolete except as provided in section 6 of this revenue procedure. SECTION 6. EFFECTIVE DATES .01 Issuers may rely on this revenue procedure to determine average area pur- chase price safe harbors for commitments to provide financing or issue mortgage credit certificates that are made, or (if the purchase precedes the commitment) for residences that are purchased, in the period that begins on February 24, 2009, and ends on the date as of which the safe harbors contained in section 4.01 of this revenue procedure are rendered obsolete by a new revenue procedure. .02 Notwithstanding section 5 of this revenue procedure, issuers may continue to rely on the average area purchase price safe harbors contained in Rev. Proc. 2008–17, with respect to bonds sold, or for mortgage credit certificates issued with re- spect to bond authority exchanged, before March 26, 2009, if the commitments to provide financing or issue mortgage credit certificates are made on or before April 25, 2009. .03 Except as provided in section 6.04, issuers must use the nationwide average purchase price limitation contained in this revenue procedure for commitments to provide financing or issue mortgage credit certificates that are made, or (if the purchase precedes the commitment) for residences that are purchased, in the pe- riod that begins on February 24, 2009, and ends on the date when the nationwide av- erage purchase price limitation is rendered obsolete by a new revenue procedure. .04 Notwithstanding sections 5 and 6.03 of this revenue procedure, issuers may continue to rely on the nationwide av- erage purchase price set forth in Rev. Proc. 2008–17 with respect to bonds sold, or for mortgage credit certificates issued with re- spect to bond authority exchanged, before March 26, 2009, if the commitments to provide financing or issue mortgage credit certificates are made on or before April 25, 2009. SECTION 7. PAPERWORK REDUCTION ACT The collection of information con- tained in this revenue procedure has been reviewed and approved by the Office of Management and Budget in accor- dance with the Paperwork Reduction Act (44 U.S.C. 3507) under control number 1545–1877. An agency may not conduct or sponsor, and a person is not required to respond to, a collection of information unless the collection of information displays a valid OMB control number. This revenue procedure contains a col- lection of information requirement in sec- tion 3.03. The purpose of the collection of information is to verify the applica- ble FHA loan limit that issuers of quali- fied mortgage bonds and qualified mort- gage certificates have used to calculate the average area purchase price for a given metropolitan statistical area for purposes of section 143(e) and 25(c). The collec- tion of information is required to obtain the benefit of using revisions to FHA loan limits to determine average area purchase prices. The likely respondents are state and local governments. The estimated total annual reporting and/or recordkeeping burden is: 15 hours. The estimated annual burden per re- spondent and/or recordkeeper: 15 minutes. The estimated number of respondents and/or recordkeepers: 60. Books or records relating to a collection of information must be retained as long as their contents may become material in the administration of any internal revenue law. Generally tax returns and tax return information are confidential, as required by 26 U.S.C. 6103. SECTION 8. DRAFTING INFORMATION The principal authors of this rev- enue procedure are David E. White and Timothy L. Jones of the Office of Division Counsel/Associate Chief Counsel (Tax Exempt & Government Entities). For further information regarding this revenue procedure, contact David E. White at (202) 622–3980 (not a toll-free call). March 16, 20096852009–11 I.R.B. Part IV. Items o fGeneralInterest Disclosure of Return Information t otheBureauof Economic Anal ysis; Correction Announcement 2009–12 AGENCY: Internal Revenue Service (IRS), Treasury. ACTION: Correcting amendments. SUMMARY: This document contains cor- rections to temporary regulations (T.D. 9439, 2009–5 I.R.B. 416) that were pub- lished in theFederal Registeron Monday, December 29, 2008 (73 FR 79361) relat- ing to disclosures of corporate tax return information to the Bureau of Economic Analysis. DATES: This correction is effective on February 20, 2009, and is applicable on December 29, 2008. FOR FURTHER INFORMATION CONTACT: Philip J. Lindenmuth, (202) 622–3400 (not a toll-free number). SUPPLEMENTARY INFORMATION: Background The temp orary regulations that are the subject of this document are under section 6103 of t he Internal Revenue Code. Need for Correction The temporary regulations (T.D. 9439) that were published in theFederal Registeron December 29, 2008, inad- vertently removed §301.6103(j)(1)–1T in its entirety rather than removing §301.6103(j)(1)–1T(c).This doc- ument correctly adds the text of §301.6103(j)(1)–1T into the Code of Fed- eral Regulations. ***** Correction of Publication Accor dingly, 26 CFR Part 301 is cor- recte dbymakingthefollowingcorrecting amend ments: PART 301—PROC EDURE AND ADMINISTRATI ON Paragraph 1. T he authority citation for part 301 conti nues to read in part as fol- lows: Authority: 26 U.S.C. 7805 * * * Par. 2. Sectio n 301.6103(j)(1)–1T is added to read a sfollows: §301.6103(j) (1)–1T Disclosures of return information r eflected on returns to officers and employee s of the Department of Commerce for certain statistical purposes and related a ctivities (temporary). (a) through ( b)(3)(xxiv) [Re- served].For further guidance, see§301.61 03(j)(1)–1(a)through (b)(3)(xxi v). (xxv) From F orm 6765 (when filed with corpor ation income tax returns)— total quali fied research expenses. (c) and (d) [ Reserved]. For further guidance, s ee §301.6103(j)(1)–1(c) and (d). (e)Effecti ve/applicability date.The amendment to paragraph (b)(3)(xxv) of this secti on is applicable to disclosures to the Bure au of the Census on or after December 3 1, 2007. (f)Expira tion date. The applicability of the amendm ent to paragraph (b)(3)(xxv) of this secti on expires on or before December 28, 2010. Cynthia E . Grigsby, Senior Fe deral Register Liaison Officer, Publicat ions and Regulations Branch, Legal Pro cessing Division, Associat eChiefCounsel (Proced ure and Administration). (Filed by the Office of the Federal Register on February 19, 2009, 8:45 a.m., and published in the issue of the Federal Registe r for February 20, 2009, 74 F.R. 7814) Consoli dated Returns; Interco mpany Obligations; Correc tion Announ cement 2009–13 AGENCY : Internal Revenue Service (IRS), Treasury. ACTION: Corre ction to final regulations. SUMMARY: This document contains cor- rections to fi nal regulations (T.D. 9442, 2009–6 I.R.B. 434) that were published in theFederal Re gisteron Monday, Decem- ber 29, 2008 (7 3 FR 79324) under section 1502 of the In ternal Revenue Code pro- viding guida nce regarding the treatment of transacti ons involving obligations be- tween member s of a consolidated group. DATES: This c orrection is effective Feb- ruary 11, 20 09, and is applicable on De- cember 29, 2 008. FOR FURTHER INFORMATION CONTACT: Fr ances Kelly, (202) 622–7770 (n ot a toll-free number). SUPPLEMENT ARY INFORMATION: Background The final re gulations that are the subject of this docu ment are under section 1502 of the Intern al Revenue Code. Need for Co rrection As publish ed, final regulations (T.D. 9442) cont ains errors that may prove to be misleadin g and are in need of clarification. Correctio n of Publication According ly, the publication of the fi- nal regula tions (T.D. 9442), which was the subject of FR Doc. E8–30718, is corrected as follow s: 1. On page 7 9325, column 2, in the preamble , under the paragraph heading “A. Anti- Abuse Rules”, second paragraph of the col umn, first to fifth lines from the bottom of the paragraph, the language “from th e deemed satisfaction and reis- suance m odel, these final regulations also adopt mo re specific rules regarding such transfe rs (described in part C.3.a. of this Preambl e).” is corrected to read “from the dee med satisfaction-reissuance model, these f inal regulations also adopt more specif ic rules regarding such transfers (de- scribe d in part C.3.a. of this preamble).”. 2. On pa ge 79325, column 3, in the preamb le, under the paragraph heading 2009–11 I.R.B.686March 16, 2009 “C. Exceptions and Related Provisions”, third paragraph of the column, first line from the bottom of the paragraph, the language “satisfaction-reissuance.” is corrected to read “satisfaction and reissuance.”. 3. On page 79327, column 1, in the preamble, under the paragraph heading “5. Exceptions to the Application of Section 108(e)(4)”, first paragraph of the column, fifth line from the bottom of the paragraph, the language “short term debt exceptions for both” is corrected to read “short-term debt exceptions for both”. Guy Traynor, Acting Chief, Publications and Regulations Branch, Legal Processing Division, Associate Chief Counsel (Procedure and Administration). (Filed by the Office of the Federal Register on February 19, 2009, 8:45 a.m., and published in the issue of the Federal Register for February 20, 2009, 74 F.R. 6828) Further Guidance on the Application of Section 409A to Nonqualified Deferred Compensation Plans; Correction Announcement 2009–14 AGENCY: Internal Revenue Service (IRS), Treasury. ACTION: Correction to notice of pro- posed rulemaking. SUMMARY: This document contains a correction to a notice of proposed rulemak- ing (REG–148326–05, 2008–51 I.R.B. 1325 ) that was published in theFederal Registeron Monday, December 8, 2008 (73 FR 74380) providing guidance on the calculation of amounts includible in income under section 409A(a) and the additional taxes imposed by such section with respect to service providers partic- ipating in certain nonqualified deferred compensation plans. The regulations would affect such service providers and the service recipients for whom the service providers provide services. FOR FURTHER INFORMATION CONTACT: Stephen Tackney, (202) 927–9639 (not a toll-free number). SUPPLEMENTARY INFORMATION: Background The correction notice that is the subject of this document is under section 409A of the Internal Revenue Code. Need for Correction As published, the notice of proposed rulemaking (REG–148326–05) contains an error that may prove to be misleading and is in need of clarification. Correction of Publication Accordingly, the publication of the notice of proposed rulemaking (REG–148326–05), which was the subject of FR Doc. E8–28894, is corrected as follows: On page 74380, column 3, in the pream- ble, under the caption “FOR FURTHER INFORMATION CONTACT:”, lines 1 and 2 from the bottom of the paragraph, the language “hearing, Funmi Taylor at (202) 622–7190 (not toll-free numbers).” is cor- rected to read “hearing, Funmi Taylor at (202) 622–3628 (not toll-free numbers).”. LaNita Van Dyke, Chief, Publications and Regulations Branch, Legal Processing Division, Associate Chief Counsel (Procedure and Administration). (Filed by the Office of the Federal Register on February 19, 2009, 8:45 a.m., and published in the issue of the Federal Register for February 20, 2009, 74 F.R. 7575) Tax Return Preparer Penalties Under Sections 6694 and 6695; Correction Announcement 2009–15 AGENCY: Internal Revenue Service (IRS), Treasury. ACTION: Correcting amendment. SUMMARY: This document contains cor- rections to final regulations (T.D. 9436, 2009–3 I.R.B. 268) that were published in theFederal Registeron Monday, Decem- ber 22, 2008 (73 FR 78430) implement- ingamendmentstothetaxreturnpreparer penalties under sections 6694 and 6695 of the Internal Revenue Code and related pro- visions under sections 6060, 6107, 6109, 6696, and 7701(a)(36) reflecting amend- ments to the Code made by section 8246 of the Small Business and Work Opportu- nity Tax Act of 2007 and section 506 of the Tax Extenders and Alternative Minimum Tax Relief Act of 2008. The final regu- lations affect tax return preparers and pro- vide guidance regarding the amended pro- visions. DATES: This correction is effective Jan- uary 29, 2009, and is applicable on Decem- ber 22, 2008. FOR FURTHER INFORMATION CONTACT: Michael E. Hara, (202) 622–4910, and Matthew S. Cooper, (202) 622–4940 (not toll-free numbers). SUPPLEMENTARY INFORMATION: Background The final regulations that are the subject of this document are under sections 6060, 6107, 6109, 6694, 6695, 6696, and 7701 of the Internal Revenue Code. Need for Correction As published, final regulations (T.D. 9436) contains errors that may prove to be misleading and are in need of clarification. ***** Correction of Publication Accordingly, 26 CFR parts 1, 20, 25, 26, 31, 40, 41, 44, 53, 54, 55, 56, 156, 157, and 301 are corrected by making the following correcting amendments: PART 1—INCOME TAXES Paragraph 1. The authority citation for part 1 continues to read in part as follows: Authority: 26 U.S.C. 7805 * * * Par. 2. Section 1.6107–1 is amended by revising paragraphs (d) (1) and (2) to read as follows: §1.6107–1 Tax return preparer must furnish copy of return or claim for refund March 16, 20096872009–11 I.R.B. to taxpayer and must retain a copy or record. ***** (d) * * * (1) For the civil penalty for failure to furnish a copy of the return or claim for refund to the taxpayers (or nontaxable entity) as required under paragraph (a) of this section, see section 6695(a) and §1.6695–1(a). (2) For the civil penalty for failure to retain a copy of the return or claim for re- fund, or to retain a record as required under paragraph (b) of this section, see section 6695(d) and §1.6695–1(d). ***** Par. 3. Section 1.6694–1 is amended as follows: 1. The first sentence of paragraph (b)(2) is revised. 2. The second sentence of paragraph (f)(4)Example 1. is revised. 3. The eighth sentence of paragraph (f)(4)Example 2. is revised. §1.6694–1 Section 6694 penalties applicable to tax return preparers. ***** (b) * * * (2)***Ifthereisasigningtax return preparer within the meaning of §301.7701–15(b)(1) of this chapter within a firm, the signing tax return preparer generally will be considered the person who is primarily responsible for all of the positions on the return or claim for refund giving rise to an understatement unless, based upon credible information from any source, it is concluded that the signing tax return preparer is not primarily respon- sible for the position(s) on the return or claim for refund giving rise to an under- statement. * * * ***** (f) * * * (4) * * * Example 1. * * * Of this amount, $20,000 relates to research and consultation regarding a transaction that is later reported on a return, and $1,000 is for the activities relating to the preparation of the return. *** Example 2. ***Because K’s signature as the signing tax return preparer is on the return, the IRS advises K that K may be subject to the section 6694(a) penalty. * * * ***** Par. 4. Section 1.6694–2 is amended by revising the last sentence of each para- graph (d)(1), (d)(2), and (d)(3)(ii) to read as follows: §1.6694–2 Penalty for understatement due to an unreasonable position. ***** (d) * * * (1) * * * For an exception to the section 6694(a) penalty for reasonable cause and good faith, see paragraph (e) of this sec- tion. (2)***Forpurposesofdetermining whether the tax return preparer has a rea- sonable basis for a position, a tax return preparer may rely in good faith without verification upon information furnished by the taxpayer and information and advice furnished by another advisor, another tax return preparer, or other party (including another advisor or tax return preparer at the taxreturnpreparer’sfirm),asprovidedin §§1.6694–1(e) and 1.6694–2(e)(5). (3) * * * (ii) * * * In addition, disclosure of a position is adequate in the case of a non- signing tax return preparer if, with respect to that position, the tax return preparer complies with the provisions of para- graph (d)(3)(ii)(A) or (B) of this section, whichever is applicable. ***** Par. 5. Section 1.6694–3 is amended by revising the first two sentences of para- graph (c)(2) to read as follows: §1.6694–3 Penalty for understatement due to willful, reckless, or intentional conduct. ***** (c) * * * (2)Ataxreturnpreparerisnot considered to have recklessly or in- tentionally disregarded a rule or reg- ulation if the position contrary to the rule or regulation has a reasonable ba- sis as defined in §1.6694–2(d)(2) and is adequately disclosed in accordance with §§1.6694–2(d)(3)(i)(A) or (C) or 1.6694–2(d)(3)(ii). In the case of a position contrary to a regulation, the position must represent a good faith challenge to the validity of the regula- tion and, when disclosed in accordance with §§1.6694–2(d)(3)(i)(A) or (C) or 1.6694–2(d)(3)(ii), the tax return preparer must identify the regulation being chal- lenged. *** ***** Par. 6. Section 1.6695–1 is amended by revising paragraph (a)(2)(ii) to read as follows: §1.6695–1 Other assessable penalties with respect to the preparation of tax returns for other persons. (a) * * * (2) * * * (ii) In order faithfully to carry out their official duties, have so arranged their af- fairs that they have less than full knowl- edge of the property that they hold or of the debts for which they are responsible, if in- formation is deleted from the copy in order to preserve or maintain this arrangement. ***** Par. 7. Section 1.6696–1 is amended by revising the introductory text of paragraph (g)(1)(i) to read as follows: §1.6696–1 Claims for credit or refund by tax return preparers or appraisers. ***** (g)Time for filing claim. (1)(i) Ex- cept as provided in section 6694(c)(1) and §1.6694–4(a)(4)(ii) and (5), and in section 6694(d) and §1.6694–1(d): ***** PART 20—ESTATE TAX; ESTATES OF DECEDENTS DYING AFTER AUGUST 16, 1954 Par. 8. The authority citation for part 20 isamendedbyrevisinganentryforSection 20.6109–1 and removing an entry for Sec- tion 20.6695–2 in numerical order to read as follows: Authority: 26 U.S.C. 7805 * * * Section 20.6109–1 also issued under 26 U.S.C. 6109(a). * * * Par. 9. Section 20.6694–1 is amended by revising paragraph (a) to read as fol- lows: §20.6694–1 Section 6694 penalties applicable to tax return preparer. (a)In general. For general definitions regarding section 6694 penalties applica- ble to preparers of estate tax returns or claims for refund, see §1.6694–1 of this chapter. 2009–11 I.R.B.688March 16, 2009 ***** PART 25—GIFT TAX; GIFTS MADE AFTER DECEMBER 31, 1954 Par. 10. The authority citation for part 25 is amended by revising an entry for Sec- tion 25.6109–1 and removing an entry for Section 25.6695–2 in numerical order to read as follows: Authority: 26 U.S.C. 7805 * * * Section 25.6109–1 also issued under 26 U.S.C. 6109(a). * * * Par. 11. Section 25.6694–1 is amended by revising paragraph (a) to read as fol- lows: §25.6694–1 Section 6694 penalties applicable to tax return preparer. (a)In general. For general definitions regarding section 6694 penalties applica- ble to preparers of gift tax returns or claims for refund, see §1.6694–1 of this chapter. ***** PART 26—GENERATION-SKIPPING TRANSFER TAX REGULATIONS UNDER THE TAX REFORM ACT OF 1986 Par. 12. The authority citation for part 26 is amended by revising an entry for Sec- tion 26.6109–1 and removing an entry for Section 26.6695–2 in numerical order to read as follows: Authority: 26 U.S.C. 7805 * * * Section 26.6109–1 also issued under 26 U.S.C. 6109(a). * * * Par. 13. Section 26.6694–1 is amended by revising paragraph (a) to read as fol- lows: §26.6694–1 Section 6694 penalties applicable to tax return preparer. (a)In general. For general definitions regarding section 6694 penalties appli- cable to preparers of generation-skipping transfer tax returnsor claims for refund, see §1.6694–1 of this chapter. ***** PART 31—EMPLOYMENT TAXES ANDCOLLECTIONOFINCOME TAX AT THE SOURCE Par. 14. The authority citation for part 31 is amended by removing an entry for Section 31.6695–2 in numerical order to read as follows: Authority: 26 U.S.C. 7805 * * * Par. 15. Section 31.6694–1 is amended by revising paragraph (a) to read as fol- lows: §31.6694–1 Section 6694 penalties applicable to tax return preparer. (a)In general. For general definitions regarding section 6694 penalties applica- ble to preparers of employment tax returns or claims for refund of employment tax un- der chapters 21 through 25 of subtitle C of the Internal Revenue Code, see §1.6694–1 of this chapter. ***** Par. 16. Section 31.6694–3 is amended by revising paragraph (a) to read as fol- lows: §31.6694–3 Penalty for understatement due to willful, reckless, or intentional conduct. (a)In general.Apersonwhoisatax return preparer of any return or claim for refund of employment tax under chapters 21 through 25 of subtitle C of the Inter- nal Revenue Code (Code) shall be subject to penalties under section 6694(b) of the Code in the manner stated in §1.6694–3 of this chapter. ***** PART 40—EXCISE TAX PROCEDURAL REGULATIONS Par. 17. The authority citation for part 40 is amended by revising an entry for Sec- tion 40.6109–1 and removing an entry for Section 40.6695–2 in numerical order to read as follows: Authority: 26 U.S.C. 7805 * * * Section 40.6109–1 also issued under 26 U.S.C. 6109(a). * * * Par. 18. Section 40.6060–1 is amended by revising paragraph (a) to read as fol- lows: §40.6060–1 Reporting requirements for tax return preparers. (a)In general. A person that employs one or more tax return preparers to prepare a return or claim for refund of any tax to which this part 40 applies other than for the person, at any time during a return period, shall satisfy the recordkeeping and inspec- tion requirements in the manner stated in §1.6060–1 of this chapter. ***** Par. 19. Section 40.6107–1 is amended by revising paragraph (a) to read as fol- lows: §40.6107–1 Tax return preparer must furnishcopyofreturntotaxpayerand must retain a copy or record. (a)In general. A person who is a sign- ing tax return preparer of any return or claim for refund of any tax to which this part 40 applies shall furnish a completed copy of the return or claim for refund to the taxpayer and retain a completed copy or record in the manner stated in §1.6107–1 of this chapter. ***** Par. 20. Section 40.6109–1 is amended by revising paragraph (a) to read as fol- lows: §40.6109–1 Tax return preparers furnishing identifying numbers for returns or claims for refund. (a)In general. Each return or claim for refund of any tax to which this part 40 ap- plies prepared by one or more signing tax return preparers must include the identi- fying number of the preparer required by §1.6695–1(b) of this chapter to sign the return or claim for refund in the manner stated in §1.6109–2 of this chapter. ***** Par. 21. Section 40.6694–1 is amended by revising paragraph (a) to read as fol- lows: §40.6694–1 Section 6694 penalties applicable to tax return preparer. (a)In general. For general definitions regarding section 6694 penalties applica- ble to preparers of returns or claims for re- fund of any tax to which this part 40 ap- plies, see §1.6694–1 of this chapter. ***** Par. 22. Section 40.6694–2 is amended by revising paragraph (a) to read as fol- lows: March 16, 20096892009–11 I.R.B. §40.6694–2 Penalties for understatement due to an unreasonable position. (a)In general.Apersonwhoisatax return preparer of any return or claim for refund of any tax to which this part 40 applies shall be subject to penalties un- der section 6694(a) in the manner stated in §1.6694–2 of this chapter. ***** Par. 23. Section 40.6694–3 is amended by revising paragraph (a) to read as fol- lows: §40.6694–3 Penalties for understatement due to willful, reckless, or intentional conduct. (a)In general.Apersonwhoisatax return preparer of any return or claim for refund of any tax to which this part 40 applies shall be subject to penalties un- der section 6694(b) in the manner stated in §1.6694–3 of this chapter. ***** Par. 24. Section 40.6694–4 is amended by revising paragraph (a) to read as fol- lows: §40.6694–4 Extension of period of collection when tax return preparer pays 15 percent of a penalty for understatement of taxpayer’s liability and certain other procedural matters. (a)In general. For rules relating to the extensionofperiodofcollectionwhena tax return preparer who prepared a return or claim for refund of any tax to which this part 40 applies pays 15 percent of a penalty for understatement of taxpayer’s liability and procedural matters relating to the in- vestigation, assessment and collection of the penalties under section 6694(a) and (b), the rules under §1.6694–4 of this chapter will apply. ***** Par. 25. Section 40.6695–1 is amended by revising paragraph (a) to read as fol- lows: §40.6695–1 Other assessable penalties with respect to the preparation of tax returns for other persons. (a)In general.Apersonwhoisatax return preparer of any return or claim for refund of any tax to which this part 40 ap- plies shall be subject to penalties for failure to furnish a copy to the taxpayer under sec- tion 6695(a) of the Internal Revenue Code (Code), failure to sign the return under sec- tion 6695(b) of the Code, failure to fur- nish an identification number under sec- tion 6695(c) of the Code, failure to retain a copy or list under section 6695(d) of the Code, failure to file a correct information return under section 6695(e) of the Code, and negotiation of a check under section 6695(f) of the Code, in the manner stated in §6695–1 of this chapter. ***** Par. 26. Section 40.6696–1 is amended by revising paragraph (a) to read as fol- lows: §40.6696–1 Claims for credit or refund by tax return preparers. (a)In general. The rules under §1.6696–1 of this chapter will apply for claims for credit or refund by a tax return preparer who prepared a return or claim for refund of any tax to which this part 40 applies. ***** PART 41—EXCISE TAX ON USE OF CERTAIN HIGHWAY MOTOR VEHICLES Par. 27. The authority citation for part 41isamendedbyremovinganentryfor Section 41.6695–2 in numerical order to read as follows: Authority: 26 U.S.C. 7805 * * * Par. 28. Section 41.6695–1 is amended by revising paragraph (a) to read as fol- lows: §41.6695–1 Other assessable penalties with respect to the preparation of tax returns for other persons. (a)In general.Apersonwhoisatax return preparer of any return or claim for refund of excise tax under section 4481 of the Internal Revenue Code (Code) shall be subject to penalties for failure to furnish a copy to the taxpayer under section 6695(a) of the Code, failure to sign a return under section 6695(b) of the Code, failure to fur- nish an identification number under sec- tion 6695(c) of the Code, failure to retain a copy or list under section 6695(d) of the Code, failure to file a correct information return under section 6695(e) of the Code, and negotiation of a check under section 6695(f) of the Code, in the manner stated in §6695–1 of this chapter. ***** PART 44—TAXES ON WAGERING; EFFECTIVE JANUARY 1, 1955 Par. 29. The authority citation for part 44 is amended by revising an entry for Sec- tion 44.6109–1 and removing an entry for Section 44.6695–2 in numerical order to read as follows: Authority: 26 U.S.C. 7805 * * * Section 44.6109–1 also issued under 26 U.S.C. 6109(a). * * * Par. 30. Section 44.6695–1 is amended by revising paragraph (a) to read as fol- lows: §44.6695–1 Other assessable penalties with respect to the preparation of tax returns for other persons. (a)In general.Apersonwhoisatax return preparer of any return or claim for refund of tax on wagers under sections 4401 or 4411 of the Internal Revenue Code (Code) shall be subject to penalties for fail- ure to furnish a copy to the taxpayer un- der section 6695(a) of the Code, failure to sign the return under section 6695(b) of the Code, failure to furnish an identifica- tion number under section 6695(c) of the Code, failure to retain a copy or list under section 6695(d) of the Code, failure to file a correct information return under section 6695(e) of the Code, and negotiation of a check under section 6695(f) of the Code, in the manner stated in §6695–1 of this chap- ter. ***** PART 53—FOUNDATION AND SIMILAR EXCISE TAXES Par. 31. The authority citation for part 53 is amended by revising an entry for Sec- tion 53.6109–1 and removing an entry for Section 53.6695–2 in numerical order to read as follows: Authority: 26 U.S.C. 7805 * * * Section 53.6109–1 also issued under 26 U.S.C. 6109(a). * * * 2009–11 I.R.B.690March 16, 2009 PART 54—PENSION EXCISE TAXES Par. 32. The authority citation for part 54 is amended by revising an entry for Sec- tion 54.6109–1 and removing an entry for Section 54.6695–2 in numerical order to read as follows: Authority: 26 U.S.C. 7805 * * * Section 54.6109–1 also issued under 26 U.S.C. 6109(a). * * * Par. 33. In FR Doc. E8–29750 appear- ing on page 78430 in theFederal Register of Monday, December 22, 2008, the fol- lowing correction is made: Section 54.6694–3 [Corrected] On page 78458, in the third column, in paragraph 107, the instruction “Section 56.6694–3 is added to read as follows:” is removed and the language “Section 54.6694–3 is added to read as follows:” is added in its place. PART55—EXCISETAXONREAL ESTATE INVESTMENT TRUSTS AND REGULATED INVESTMENT COMPANIES Par. 34. The authority citation for part 55 is amended by revising an entry for Sec- tion 55.6109–1 and removing an entry for Section 55.6695–2 in numerical order to read as follows: Authority: 26 U.S.C. 7805 * * * Section 55.6109–1 also issued under 26 U.S.C. 6109(a). * * * PART 56—PUBLIC CHARITY EXCISE TAXES Par. 35. The authority citation for part 56 is amended by revising an entry for Sec- tion 56.6109–1 and removing an entry for Section 56.6695–2 in numerical order to read as follows: Authority: 26 U.S.C. 7805 * * * Section 56.6109–1 also issued under 26 U.S.C. 6109(a). * * * PART 156—EXCISE TAX ON GREENMAIL Par. 36. The authority citation for part 156 is amended by revising an entry for Section 156.6109–1 and removing an entry for Section 156.6695–2 in numerical order to read as follows: Authority: 26 U.S.C. 7805 * * * Section 156.6109–1 also issued under 26 U.S.C. 6109(a). * * * PART 157—EXCISE TAX ON STRUCTURED SETTLEMENT FACTORING TRANSACTIONS Par. 37. The authority citation for part 157 is amended by revising an entry for Section 157.6109–1 and removing an entry for Section 157.6695–2 in numerical order to read as follows: Authority: 26 U.S.C. 7805 * * * Section 157.6109–1 also issued under 26 U.S.C. 6109(a). * * * PART 301—PROCEDURE AND ADMINISTRATION Par. 38. The authority citation for part 301 continues to read in part as follows: Authority: 26 U.S.C. 7805 * * * Par. 39. Section 301.7701–15 is amended by revising paragraph (f)(1)(xi)(B) to read as follows: §301.7701–15 Tax return preparer. ***** (f) * * * (1) * * * (xi)*** (B) A waiver of restriction on assess- ment after initiation of an audit of the tax- payer or another taxpayer if a determina- tion in the audit of the other taxpayer af- fects, directly or indirectly, the liability of the taxpayer for tax. ***** LaNita Van Dyke, Chief, Publications and Regulations Branch, Legal Processing Division, Associate Chief Counsel (Procedure and Administration). (Filed by the Office of the Federal Register on January 28, 2009, 8:45 a.m., and published in the issue of the Federal Register for January 29, 2009, 74 F.R. 5103) Announcement of Disciplinary Sanctions From the Office of Professional Responsibility Announcement 2009-16 TheOfficeofProfessionalResponsi- bility (OPR) announcesrecent disciplinary sanctions involving attorneys, certified public accountants, enrolled agents, en- rolled actuaries, enrolled retirement plan agents, and appraisers. These individuals are subject to the regulations governing practice before the Internal Revenue Ser- vice (IRS), which are set out in Title 31, Code of Federal Regulations, Part 10, and which are published in pamphlet form as Treasury Department Circular No. 230. The regulations prescribe the duties and restrictions relating to such practice and prescribe the disciplinary sanctions for violating the regulations. The disciplinary sanctions to be im- posed for violation of the regulations are: Disbarred from practice before the IRS—An individual who is disbarred is not eligible to represent taxpayers before the IRS. Suspended from practice before the IRS—An individual who is suspended is not eligible to represent taxpayers before the IRS during the term of the suspension. Censured in practice before the IRS—Censure is a public reprimand. Un- like disbarment or suspension, censure does not affect an individual’s eligibility to represent taxpayers before the IRS, but OPR may subject the individual’s future representations to conditions designed to promote high standards of conduct. Monetary penalty—A monetary penalty may be imposed on an individual who engages in conduct subject to sanc- tion or on an employer, firm, or entity if the individual was acting on its behalf and if it knew, or reasonably should have known, of the individual’s conduct. March 16, 20096912009–11 I.R.B. Disqualification of appraiser—An appraiser who is disqualified is barred from presenting evidence or testimony in any administrative proceeding before the Department of the Treasury or the IRS. Under the regulations, attorneys, cer- tified public accountants, enrolled agents, enrolled actuaries, and enrolled retirement plan agents may not assist, or accept assis- tance from, individuals who are suspended or disbarred with respect to matters consti- tuting practice (i.e., representation) before the IRS, and they may not aid or abet sus- pended or disbarred individuals to practice before the IRS. Disciplinary sanctions are described in these terms: Disbarred by decision after hearing, Suspended by decision after hearing, Censured by decision after hearing, Monetary penalty imposed after hear- ing, and Disqualified after hearing—An administrative law judge (ALJ) conducted an evidentiary hearing upon OPR’s com- plaint alleging violation of the regulations and issued a decision imposing one of these sanctions. After 30 days from the issuance of the decision, in the absence of an appeal, the ALJ’s decision became the final agency decision. Disbarred by default decision, Sus- pended by default decision, Censured by default decision, Monetary penalty im- posed by default decision, and Disqual- ified by default decision—An ALJ, after findingthatnoanswertoOPR’scomplaint had been filed, granted OPR’s motion for a default judgment and issued a decision im- posing one of these sanctions. Disbarment by decision on appeal, Suspended by decision on appeal, Cen- sured by decision on appeal, Monetary penalty imposed by decision on ap- peal, and Disqualified by decision on appeal—The decision of the ALJ was appealed to the agency appeal authority, acting as the delegate of the Secretary of the Treasury, and the appeal authority issued a decision imposing one of these sanctions. Disbarred by consent, Suspended by consent, Censured by consent, Mone- tary penalty imposed by consent, and Disqualified by consent—In lieu of a disciplinary proceeding being instituted or continued, an individual offered a con- sent to one of these sanctions and OPR accepted the offer. Typically, an offer of consent will provide for: suspension for an indefinite term; conditions that the individual must observe during the sus- pension; and the individual’s opportunity, after a stated number of months, to file with OPR a petition for reinstatement af- firming compliance with the terms of the consent and affirming current eligibility to practice (i.e., an active professional license or active enrollment status). An enrolled agent or an enrolled retirement plan agent may also offer to resign in order to avoid a disciplinary proceeding. Suspended by decision in expedited proceeding, Suspended by default de- cision in expedited proceeding, Sus- pended by consent in expedited pro- ceeding—OPR instituted an expedited proceeding for suspension (based on cer- tain limited grounds, including loss of a professional license and criminal convic- tions). OPR has authority to disclose the grounds for disciplinary sanctions in these situations: (1) an ALJ or the Secretary’s delegate on appeal has issued a decision on or after September 26, 2007, which was theeffectivedateofamendmentstothe regulations that permit making such deci- sions publicly available; (2) the individual has settled a disciplinary case by signing OPR’s “consent to sanction” form, which requires consenting individuals to admit to one or more violations of the regulations and to consent to the disclosure of the in- dividual’s own return information related to the admitted violations (for example, failure to file Federal income tax returns); or (3) OPR has issued a decision in an expedited proceeding for suspension. Announcements of disciplinary sanc- tions appear in the Internal Revenue Bul- letin at the earliest practicable date. The sanctions announced below are alphabet- ized first by the names of states and sec- ond by the last names of individuals. Un- less otherwise indicated, section numbers (e.g., § 10.51) refer to the regulations. City & StateNameProfessionalDisciplinary SanctionEffective Date(s) Designation Colorado DenverEssling, Timothy J.AttorneySuspended by default decision in expedited proceeding under § 10.82 (suspension of attorney license) Indefinite from February 10, 2009 Florida MiamiMontello, Louis R.AttorneySuspended by default decision in expedited proceeding under § 10.82 (conviction under 26 U.S.C. § 7203, failure to file income tax return) Indefinite from February 6, 2009 2009–11 I.R.B.692March 16, 2009 City & StateNameProfessionalDisciplinary SanctionEffective Date(s) Designation Georgia NorcrossWare, Ulysses T.AttorneySuspended by default decision in expedited proceeding under § 10.82 (conviction under 18 U.S.C. § 371, conspiracy to commit securities fraud and wire fraud, and 15 U.S.C. § 78, securities fraud) Indefinite from February 23, 2009 Oklahoma Oklahoma CityHall, Daniel A.CPASuspended by default decision in expedited proceeding under § 10.82 (suspension of CPA license) Indefinite from February 18, 2009 Tennessee KingsportAdams, Jr., PaulCPASuspended by default decision in expedited proceeding under § 10.82 (revocation of CPA license) Indefinite from February 18, 2009 Texas CrowleyAshley, Kimberly D.AttorneySuspended by default decision in expedited proceeding under § 10.82 (attorney disbarment) Indefinite from February 18, 2009 Washington PascoNelson, Richard L.CPASuspended by default decision in expedited proceeding under § 10.82 (suspension of CPA license) Indefinite from February 18, 2009 Virginia AugustaFielder, Stephen R.AttorneySuspended by default decision in expedited proceeding under § 10.82 (attorney license annulled) Indefinite from February 18, 2009 Wisconsin BrookfieldKramer, Mark R.AttorneySuspended by default decision in expedited proceeding under § 10.82 (suspension of attorney license) Indefinite from February 18, 2009 March 16, 20096932009–11 I.R.B. Definition of Terms Revenue rulings and revenue procedures (hereinafter referred to as “rulings”) that have an effect on previous rulings use the following defined terms to describe the ef- fect: Amplifieddescribes a situation where no change is being made in a prior pub- lished position, but the prior position is be- ingextendedtoapplytoavariationofthe fact situation set forth therein. Thus, if an earlier ruling held that a principle ap- plied to A, and the new ruling holds that the same principle also applies to B, the earlier ruling is amplified. (Compare withmodi- fied,below). Clarifiedis used in those instances where the language in a prior ruling is be- ing made clear because the language has caused, or may cause, some confusion. It is not used where a position in a prior ruling is being changed. Distinguisheddescribes a situation where a ruling mentions a previously pub- lished ruling and points out an essential difference between them. Modifiedis used where the substance of a previously published position is being changed. Thus, if a prior ruling held that a principle applied to A but not to B, and the new ruling holds that it applies to both A and B, the prior ruling is modified because it corrects a published position. (Compare withamplifiedandclarified, above). Obsoleteddescribes a previously pub- lished ruling that is not considered deter- minative with respect to future transac- tions. This term is most commonly used in a ruling that lists previously published rul- ings that are obsoleted because of changes in laws or regulations. A ruling may also be obsoleted because the substance has been included in regulations subsequently adopted. Revokeddescribes situations where the position in the previously published ruling is not correct and the correct position is beingstatedinanewruling. Supersededdescribes a situation where the new ruling does nothing more than re- state the substance and situation of a previ- ously published ruling (or rulings). Thus, the term is used to republish under the 1986 Code and regulations the same po- sition published under the 1939 Code and regulations. The term is also used when it is desired to republish in a single rul- ing a series of situations, names, etc., that were previously published over a period of time in separate rulings. If the new rul- ing does more than restate the substance of a prior ruling, a combination of terms is used. For example,modifiedandsu- persededdescribes a situation where the substance of a previously published ruling is being changed in part and is continued without change in part and it is desired to restate the valid portion of the previously published ruling in a new ruling that is self contained. In this case, the previously pub- lished ruling is first modified and then, as modified, is superseded. Supplementedis used in situations in which a list, such as a list of the names of countries, is published in a ruling and that list is expanded by adding further names in subsequent rulings. After the original rul- ing has been supplemented several times, a new ruling may be published that includes the list in the original ruling and the ad- ditions, and supersedes all prior rulings in the series. Suspendedis used in rare situations to show that the previous published rulings will not be applied pending some future action such as the issuance of new or amended regulations, the outcome of cases in litigation, or the outcome of a Service study. Abbreviations The fol lowing abbreviations in current use and for merly used will appear in material publis hedintheBulletin. A—Individual. Acq.—A cquiescence. B—Individual. BE—Beneficiary. BK—Bank . B.T.A.—Board of Tax Appeals. C—Individual. C.B.—Cu mulative Bulletin. CFR—Code of Federal Regulations. CI—City. COOP—Coo perative. Ct.D.—Court Decision. CY—County. D—Decede nt. DC—Dummy Corporation. DE—Donee. Del. Order —Delegation Order. DISC—Domestic International Sales Corporation. DR—Donor. E—Estate. EE—Employee. E.O.—Executive Order. ER—Emp loyer. ERISA—Employee Retirement Income Security Act. EX—Executor. F—Fiduc iary. FC—Foreign Country. FICA—Federal Insurance Contributions Act. FISC—Fo reign International Sales Company. FPH—Foreign Personal Holding Company. F.R.—Federal Register. FUTA—Fed eral Unemployment Tax Act. FX—Foreign corporation. G.C.M.—Chief Counsel’s Memorandum. GE—Grante e. GP—General Partner. GR—Grantor. IC—Insura nce Company. I.R.B.—Internal Revenue Bulletin. LE—Lessee. LP—Limited Partner. LR—Lessor. M—Minor. Nonacq.—No nacquiescence. O—Organization. P—Parent Corporation. PHC—Persona l Holding Company. PO—Possession of the U.S. PR—Partner. PRS—Pa rtnership. PTE—Prohibited Transaction Exemption. Pub. L.—Public Law. REIT—Re al Estate Investment Trust. Rev. Proc.—Revenue Procedure. Rev. Rul.—Revenue Ruling. S—Subsi diary. S.P.R.—Statement of Procedural Rules. Stat.—Statutes at Large. T—Target Corporation. T.C.—Tax Court. T.D.—Treasury Decision. TFE—Trans feree. TFR—Transferor. T.I.R.—Technical Information Release. TP—Taxpay er. TR—Trust. TT—Trustee. U.S.C.—Uni ted States Code. X—Corporation. Y—Corporation. Z—Corporat ion. 2009–11 I.R.B.iMarch 16, 2009 Numerical Finding List 1 Bulletins 2009–1 through 2009–11 Announcements: 2009-1, 2009-1 I.R.B.242 2009-2, 2009-5 I.R.B.424 2009-3, 2009-6 I.R.B.459 2009-4, 2009-8 I.R.B.597 2009-5, 2009-8 I.R.B.569 2009-6, 2009-9 I.R.B.643 2009-7, 2009-10 I.R.B.663 2009-8, 2009-8 I.R.B.598 2009-9, 2009-9 I.R.B.643 2009-10, 2009-9 I.R.B.644 2009-11, 2009-10 I.R.B.663 2009-12, 2009-11 I.R.B.686 2009-13, 2009-11 I.R.B.686 2009-14, 2009-11 I.R.B.687 2009-15, 2009-11 I.R.B.687 2009-16, 2009-11 I.R.B.691 Notices: 2009-1, 2009-2 I.R.B.250 2009-2, 2009-4 I.R.B.344 2009-3, 2009-2 I.R.B.250 2009-4, 2009-2 I.R.B.251 2009-5, 2009-3 I.R.B.309 2009-6, 2009-3 I.R.B.311 2009-7, 2009-3 I.R.B.312 2009-8, 2009-4 I.R.B.347 2009-9, 2009-5 I.R.B.419 2009-10, 2009-5 I.R.B.419 2009-11, 2009-5 I.R.B.420 2009-12, 2009-6 I.R.B.446 2009-13, 2009-6 I.R.B.447 2009-14, 2009-7 I.R.B.516 2009-15, 2009-6 I.R.B.449 2009-16, 2009-8 I.R.B.572 2009-17, 2009-8 I.R.B.575 2009-18, 2009-10 I.R.B.648 2009-19, 2009-10 I.R.B.660 Proposed Regulations: REG-144615-02, 2009-7 I.R.B.561 REG-148568-04, 2009-5 I.R.B.421 REG-160872-04, 2009-4 I.R.B.358 REG-158747-06, 2009-4 I.R.B.362 REG-138326-07, 2009-9 I.R.B.638 REG-143686-07, 2009-8 I.R.B.579 REG-150670-07, 2009-4 I.R.B.378 REG-113462-08, 2009-4 I.R.B.379 REG-147636-08, 2009-9 I.R.B.641 REG-150066-08, 2009-5 I.R.B.423 Revenue Procedures: 2009-1, 2009-1 I.R.B.1 2009-2, 2009-1 I.R.B.87 2009-3, 2009-1 I.R.B.107 2009-4, 2009-1 I.R.B.118 2009-5, 2009-1 I.R.B.161 2009-6, 2009-1 I.R.B.189 2009-7, 2009-1 I.R.B.226 2009-8, 2009-1 I.R.B.229 2009-9, 2009-2 I.R.B.256 2009-10, 2009-2 I.R.B.267 2009-11, 2009-3 I.R.B.313 2009-12, 2009-3 I.R.B.321 2009-13, 2009-3 I.R.B.323 2009-14, 2009-3 I.R.B.324 2009-15, 2009-4 I.R.B.356 2009-16, 2009-6 I.R.B.449 2009-17, 2009-7 I.R.B.517 2009-18, 2009-11 I.R.B.670 Revenue Rulings: 2009-1, 2009-2 I.R.B.248 2009-2, 2009-2 I.R.B.245 2009-3, 2009-5 I.R.B.382 2009-4, 2009-5 I.R.B.408 2009-5, 2009-6 I.R.B.432 2009-8, 2009-10 I.R.B.645 Tax Conventions: 2009-5, 2009-8 I.R.B.569 Treasury Decisions: 9434, 2009-4 I.R.B.339 9435, 2009-4 I.R.B.333 9436, 2009-3 I.R.B.268 9437, 2009-4 I.R.B.341 9438, 2009-5 I.R.B.387 9439, 2009-5 I.R.B.416 9440, 2009-5 I.R.B.409 9441, 2009-7 I.R.B.460 9442, 2009-6 I.R.B.434 9443, 2009-8 I.R.B.564 9444, 2009-9 I.R.B.603 9445, 2009-9 I.R.B.635 9446, 2009-9 I.R.B.607 1 A cumulative list of all revenue rulings, revenue procedures, Treasury decisions, etc., published in Internal Revenue Bulletins 2008–27 through 2008–52 is in Internal Revenue Bulletin 2008–52, dated December 29, 2008. March 16, 2009ii2009–11 I.R.B. Finding List of Current Actions on Previously Published Items 1 Bulletins 2009–1 through 2009–11 Notices: 99-35 Obsoleted by Notice 2009-15, 2009-6 I.R.B.449 2001-55 Modified by Notice 2009-1, 2009-2 I.R.B.250 2002-27 Modified by Notice 2009-9, 2009-5 I.R.B.419 2005-74 Obsoleted by T.D. 9446, 2009-9 I.R.B.607 2007-26 Modified by Notice 2009-15, 2009-6 I.R.B.449 2007-54 Obsoleted by T.D. 9436, 2009-3 I.R.B.268 2008-11 Obsoleted by T.D. 9436, 2009-3 I.R.B.268 2008-12 Obsoleted by T.D. 9436, 2009-3 I.R.B.268 Rev. Proc. 2009-11, 2009-3 I.R.B.313 2008-13 Obsoleted by T.D. 9436, 2009-3 I.R.B.268 List of forms modified and superseded by Rev. Proc. 2009-11, 2009-3 I.R.B.313 Modified and clarified by Notice 2009-5, 2009-3 I.R.B.309 2008-46 Obsoleted by T.D. 9436, 2009-3 I.R.B.268 Rev. Proc. 2009-11, 2009-3 I.R.B.313 2008-100 Amplified and superseded by Notice 2009-14, 2009-7 I.R.B.516 Proposed Regulations: REG-149519-03 Withdrawn by Ann. 2009-4, 2009-8 I.R.B.597 REG-148326-05 Corrected by Ann. 2009-14, 2009-11 I.R.B.687 Revenue Procedures: 2007-17 Superseded by Rev. Proc. 2009-14, 2009-3 I.R.B.324 2007-68 Superseded by Rev. Proc. 2009-17, 2009-7 I.R.B.517 2007-71 Modified by Notice 2009-3, 2009-2 I.R.B.250 2008-1 Superseded by Rev. Proc. 2009-1, 2009-1 I.R.B.1 2008-2 Superseded by Rev. Proc. 2009-2, 2009-1 I.R.B.87 2008-3 Superseded by Rev. Proc. 2009-3, 2009-1 I.R.B.107 2008-4 Superseded by Rev. Proc. 2009-4, 2009-1 I.R.B.118 2008-5 Superseded by Rev. Proc. 2009-5, 2009-1 I.R.B.161 2008-6 Superseded by Rev. Proc. 2009-6, 2009-1 I.R.B.189 2008-7 Superseded by Rev. Proc. 2009-7, 2009-1 I.R.B.226 2008-8 Superseded by Rev. Proc. 2009-8, 2009-1 I.R.B.229 2008-9 Superseded by Rev. Proc. 2009-9, 2009-2 I.R.B.256 2008-17 Obsoleted in part by Rev. Proc. 2009-18, 2009-11 I.R.B.670 2008-61 Superseded by Rev. Proc. 2009-3, 2009-1 I.R.B.107 2008-65 Amplified and supplemented by Rev. Proc. 2009-16, 2009-6 I.R.B.449 2008-68 Amplified and superseded by Rev. Proc. 2009-15, 2009-4 I.R.B.356 Revenue Rulings: 65-286 Obsoleted by T.D. 9435, 2009-4 I.R.B.333 76-54 Obsoleted by T.D. 9435, 2009-4 I.R.B.333 92-19 Supplemented by Rev. Rul. 2009-3, 2009-5 I.R.B.382 2008-19 Modified by Rev. Rul. 2009-3, 2009-5 I.R.B.382 Treasury Decisions: 9436 Corrected by Ann. 2009-15, 2009-11 I.R.B.687 9439 Corrected by Ann. 2009-12, 2009-11 I.R.B.686 9442 Corrected by Ann. 2009-13, 2009-11 I.R.B.686 1 A cumulative list of current actions on previously published items in Internal Revenue Bulletins 2008–27 through 2008–52 is in Internal Revenue Bulletin 2008–52, dated December 29, 2008. 2009–11 I.R.B.iiiMarch 16, 2009 March 16, 20092009–11 I.R.B. INTERNAL REVENUE BULLETIN The Introduction at the beginning of this issue describes the purpose and content of this publication. The weekly Internal Revenue Bulletin is sold on a yearly subscription basis by the Superintendent of Documents. Current subscribers are notified by the Superin- tendent of Documents when their subscriptions must be renewed. CUMULATIVE BULLETINS The contents of this weekly Bulletin are consolidated semiannually into a permanent, indexed, Cumulative Bulletin. These are sold on a single copy basis andare notincluded as part of the subscription to the Internal Revenue Bulletin. Subscribers to the weekly Bulletin are notified when copies of the Cumulative Bulletin are available. Certain issues of Cumulative Bulletins are out of print and are not available. Persons desiring available Cumulative Bulletins, which are listed on the reverse, may purchase them from the Superintendent of Documents. ACCESS THE INTERNAL REVENUE BULLETIN ON THE INTERNET You may view the Internal Revenue Bulletin on the Internet at www.irs.gov. Select Businesses. Under Businesses Topics, select More Topics. Then select Internal Revenue Bulletins. INTERNAL REVENUE BULLETINS ON CD-ROM Internal Revenue Bulletins are available annually as part ofPublication 1796 (Tax Products CD-ROM). The CD-ROM can be purchased from National Technical Information Service (NTIS) on the Internet at www.irs.gov/cdorders (discount for online orders) or by calling 1-877-233-6767. The first release is available in mid-December and the final release is available in late January. HOW TO ORDER Check the publications and/or subscription(s) desired on the reverse, complete the order blank, enclose the proper remittance, detach entire page, and mail to the Superintendent of Documents, P.O. Box 371954, Pittsburgh PA, 15250–7954. Please allow two to six weeks, plus mailing time, for delivery. WE WELCOME COMMENTS ABOUT THE INTERNAL REVENUE BULLETIN If you have comments concerning the format or production of the Internal Revenue Bulletin or suggestions for improving it, we would be pleased to hear from you. You can email us your suggestions or comments through the IRS Internet Home Page (www.irs.gov) or write to the IRS Bulletin Unit, SE:W:CAR:MP:T:T:SP, Washington, DC 20224. Internal Revenue Service W ashington,DC20224 Official Business Penalty for Private Use, $300
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