Internal Revenue Bulletin 2017-39 (PDF rendition): IRS Revenue Rulings

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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. Rul. 2017–18, page 239.
Interest rates: underpayments and overpayments. The rates
for interest determined under Section 6621 of the code for the
calendar quarter beginning October 1, 2017, will be 4 percent
of overpayments (3 percent in the case of a corporation), 4
percent for underpayments, and 6 percent for large corporate
underpayments. The rate of interest paid on the portion of a
corporate overpayment exceeding $10,000 will be 1.5 percent.
INCOME TAX
Notice 2017–48, page 254.
This notice provides that the IRS will not assert that cash
payments an employer makes to § 170(c) organizations (in
exchange for vacation, sick, or personal leave that its employ-
ees elect to forgo) constitute gross income or wages of the
employees under certain circumstances relating to Hurricane
Harvey or Tropical Storm Harvey
EMPLOYEE PLANS
Announcement 2017–11, page 255.
Announcement 2017–11 provides relief to victims of Hurricane
Harvey, which caused damage to Texas. It permits easier
access to victims’ funds held in workplace retirement plans and
in IRAs, for the period beginning August 23, 2017, and ending
January 31, 2018. The relief provided in the announcement is
in addition to the relief already provided by the IRS pursuant to
News Release IR–2017–135.
Finding Lists begin on page ii.
Bulletin No. 2017–39
September 25, 2017

The IRS Mission
Provide America’s taxpayers top-quality service by helping
them understand and meet their tax responsibilities and en-
force the 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.
It is the policy of the Service to publish in the Bulletin all
substantive rulings necessary to promote a uniform application
of the tax laws, including all rulings that supersede, revoke,
modify, or amend any of those previously published in the
Bulletin. All published rulings apply retroactively unless other-
wise indicated. Procedures relating solely to matters of internal
management are not published; however, statements of inter-
nal 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, identify-
ing 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.—1986 Code.
This part includes rulings and decisions based on provisions of
the Internal 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, Legisla-
tion 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 Sec-
retary (Enforcement).
Part IV.—Items of General Interest.
This part includes notices of proposed rulemakings, disbar-
ment and 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 contents of this publication are not copyrighted and may be reprinted freely. A citation of the Internal Revenue Bulletin as the source would be appropriate.
September 25, 2017Bulletin No. 2017–39

Part I. Rulings and Decisions Under the Internal Revenue Code
of 1986
Section 6621.—
Determination of Rate
of Interest
26 CFR 301.6621–1: Interest rate.
Rev. Rul. 2017–18
Section 6621 of the Internal Revenue
Code establishes the interest rates on
overpayments and underpayments of tax.
Under section 6621(a)(1), the overpay-
ment rate is the sum of the federal short-
term rate plus 3 percentage points (2
percentage points in the case of a corpo-
ration), except the rate for the portion of a
corporate overpayment of tax exceeding
$10,000 for a taxable period is the sum of
the federal short-term rate plus 0.5 of a
percentage point. Under section 6621(a)(2),
the underpayment rate is the sum of the
federal short-term rate plus 3 percentage
points.
Section 6621(c) provides that for pur-
poses of interest payable under section
6601 on any large corporate underpay-
ment, the underpayment rate under section
6621(a)(2) is determined by substituting
“5 percentage points” for “3 percentage
points.”
See section 6621(c) and section
301.6621–3 of the Regulations on Proce-
dure and Administration for the definition
of a large corporate underpayment and for
the rules for determining the applicable date.
Section 6621(c) and section 301.6621–3 are
generally effective for periods after Decem-
ber 31, 1990.
Section 6621(b)(1) provides that the
Secretary will determine the federal short-
term rate for the first month in each cal-
endar quarter. Section 6621(b)(2)(A) pro-
vides that the federal short-term rate
determined under section 6621(b)(1) for
any month applies during the first calen-
dar quarter beginning after that month.
Section 6621(b)(3) provides that the fed-
eral short-term rate for any month is the
federal short-term rate determined during
that month by the Secretary in accordance
with section 1274(d), rounded to the near-
est full percent (or, if a multiple of 1/2 of
1 percent, the rate is increased to the next
highest full percent).
Notice 88 –59, 1988 –1 C.B. 546, an-
nounced that in determining the quarterly
interest rates to be used for overpayments
and underpayments of tax under section
6621, the Internal Revenue Service will
use the federal short-term rate based on
daily compounding because that rate is
most consistent with section 6621 which,
pursuant to section 6622, is subject to
daily compounding.
The federal short-term rate determined
in accordance with section 1274(d) during
July 2017 is the rate published in Revenue
Ruling 2017–15, 2017–32 IRB 176, to
take effect beginning August 1, 2017. The
federal short-term rate, rounded to the
nearest full percent, based on daily com-
pounding determined during the month of
July 2017 is 1 percent. Accordingly, an
overpayment rate of 4 percent (3 percent
in the case of a corporation) and an un-
derpayment rate of 4 percent are estab-
lished for the calendar quarter beginning
October 1, 2017. The overpayment rate
for the portion of a corporate overpayment
exceeding $10,000 for the calendar quar-
ter beginning October 1, 2017 is 1.5 per-
cent. The underpayment rate for large cor-
porate underpayments for the calendar
quarter beginning October 1, 2017, is 6
percent. These rates apply to amounts
bearing interest during that calendar quar-
ter.
Sections 6654(a)(1) and 6655(a)(1)
provide that the underpayment rate estab-
lished under section 6621 applies in de-
termining the addition to tax under sec-
tions 6654 and 6655 for failure to pay
estimated tax for any taxable year. Thus,
the 4 percent rate also applies to estimated
tax underpayments for the fourth calendar
quarter beginning October 1, 2017 In ad-
dition, pursuant to section 6603(d)(4), the
rate of interest on section 6603 deposits is
1 percent for the fourth calendar quarter in
2017.
Interest factors for daily compound in-
terest for annual rates of 1.5 percent, 3
percent, 4 percent and 6 percent are pub-
lished in Tables 8, 11, 13 and 17 of Rev.
Proc. 95–17, 1995–1 C.B. 562, 565, 567
and 571.
Annual interest rates to be com-
pounded daily pursuant to section 6622
that apply for prior periods are set forth in
the tables accompanying this revenue rul-
ing.
DRAFTING INFORMATION
The principal author of this revenue
ruling is Richard Duenas of the Office of
the Associate Chief Counsel (Procedure
and Administration). For further informa-
tion regarding this revenue ruling, contact
Mr. Duenas at (202) 317-6877 (not a toll-
free number).
APPENDIX A
365 Day Year
0.5% Compound Rate 184 Days
DaysFactorDaysFactorDaysFactor
10.000013699630.0008633801250.001713784
20.000027397640.0008770911260.001727506
30.000041096650.0008908011270.001741228
40.000054796660.0009045121280.001754951
50.000068495670.0009182231290.001768673
Bulletin No. 2017–39September 25, 2017
239

365 Day Year
0.5% Compound Rate 184 Days
DaysFactorDaysFactorDaysFactor
60.000082195680.0009319341300.001782396
70.000095894690.0009456461310.001796119
80.000109594700.0009593571320.001809843
90.000123294710.0009730691330.001823566
100.000136995720.0009867811340.001837290
110.000150695730.0010004931350.001851013
120.000164396740.0010142061360.001864737
130.000178097750.0010279181370.001878462
140.000191798760.0010416311380.001892186
150.000205499770.0010553441390.001905910
160.000219201780.0010690571400.001919635
170.000232902790.0010827701410.001933360
180.000246604800.0010964841420.001947085
190.000260306810.0011101971430.001960811
200.000274008820.0011239111440.001974536
210.000287711830.0011376251450.001988262
220.000301413840.0011513391460.002001988
230.000315116850.0011650541470.002015714
240.000328819860.0011787681480.002029440
250.000342522870.0011924831490.002043166
260.000356225880.0012061981500.002056893
270.000369929890.0012199131510.002070620
280.000383633900.0012336291520.002084347
290.000397336910.0012473441530.002098074
300.000411041920.0012610601540.002111801
310.000424745930.0012747761550.002125529
320.000438449940.0012884921560.002139257
330.000452154950.0013022081570.002152985
340.000465859960.0013159251580.002166713
350.000479564970.0013296411590.002180441
360.000493269980.0013433581600.002194169
370.000506974990.0013570751610.002207898
380.0005206801000.0013707921620.002221627
390.0005343861010.0013845101630.002235356
400.0005480921020.0013982271640.002249085
410.0005617981030.0014119451650.002262815
420.0005755041040.0014256631660.002276544
430.0005892111050.0014393811670.002290274
440.0006029171060.0014531001680.002304004
450.0006166241070.0014668181690.002317734
460.0006303311080.0014805371700.002331465
470.0006440391090.0014942561710.002345195
480.0006577461100.0015079751720.002358926
490.0006714541110.0015216941730.002372657
500.0006851611120.0015354141740.002386388
September 25, 2017Bulletin No. 2017–39
240

365 Day Year
0.5% Compound Rate 184 Days
DaysFactorDaysFactorDaysFactor
510.0006988691130.0015491331750.002400120
520.0007125781140.0015628531760.002413851
530.0007262861150.0015765731770.002427583
540.0007399951160.0015902931780.002441315
550.0007537031170.0016040141790.002455047
560.0007674121180.0016177341800.002468779
570.0007811211190.0016314551810.002482511
580.0007948311200.0016451761820.002496244
590.0008085401210.0016588971830.002509977
600.0008222501220.0016726191840.002523710
610.0008359601230.001686340
620.0008496701240.001700062
366 Day Year
0.5% Compound Rate 184 Days
DaysFactorDaysFactorDaysFactor
10.000013661630.0008610201250.001709097
20.000027323640.0008746931260.001722782
30.000040984650.0008883661270.001736467
40.000054646660.0009020401280.001750152
50.000068308670.0009157131290.001763837
60.000081970680.0009293871300.001777522
70.000095632690.0009430611310.001791208
80.000109295700.0009567351320.001804893
90.000122958710.0009704091330.001818579
100.000136620720.0009840841340.001832265
110.000150283730.0009977581350.001845951
120.000163947740.0010114331360.001859638
130.000177610750.0010251081370.001873324
140.000191274760.0010387831380.001887011
150.000204938770.0010524591390.001900698
160.000218602780.0010661341400.001914385
170.000232266790.0010798101410.001928073
180.000245930800.0010934861420.001941760
190.000259595810.0011071621430.001955448
200.000273260820.0011208391440.001969136
210.000286924830.0011345151450.001982824
220.000300590840.0011481921460.001996512
230.000314255850.0011618691470.002010201
240.000327920860.0011755461480.002023889
250.000341586870.0011892231490.002037578
260.000355252880.0012029001500.002051267
270.000368918890.0012165781510.002064957
280.000382584900.0012302561520.002078646
290.000396251910.0012439341530.002092336
Bulletin No. 2017–39September 25, 2017
241

366 Day Year
0.5% Compound Rate 184 Days
DaysFactorDaysFactorDaysFactor
300.000409917920.0012576121540.002106025
310.000423584930.0012712911550.002119715
320.000437251940.0012849691560.002133405
330.000450918950.0012986481570.002147096
340.000464586960.0013123271580.002160786
350.000478253970.0013260061590.002174477
360.000491921980.0013396851600.002188168
370.000505589990.0013533651610.002201859
380.0005192571000.0013670441620.002215550
390.0005329251010.0013807241630.002229242
400.0005465941020.0013944041640.002242933
410.0005602621030.0014080851650.002256625
420.0005739311040.0014217651660.002270317
430.0005876001050.0014354461670.002284010
440.0006012691060.0014491271680.002297702
450.0006149391070.0014628081690.002311395
460.0006286081080.0014764891700.002325087
470.0006422781090.0014901701710.002338780
480.0006559481100.0015038521720.002352473
490.0006696181110.0015175331730.002366167
500.0006832891120.0015312151740.002379860
510.0006969591130.0015448971750.002393554
520.0007106301140.0015585801760.002407248
530.0007243011150.0015722621770.002420942
540.0007379721160.0015859451780.002434636
550.0007516431170.0015996281790.002448331
560.0007653151180.0016133111800.002462025
570.0007789861190.0016269941810.002475720
580.0007926581200.0016406781820.002489415
590.0008063301210.0016543611830.002503110
600.0008200031220.0016680451840.002516806
610.0008336751230.001681729
620.0008473481240.001695413
TABLE OF INTEREST RATES
PERIODS BEFORE JUL. 1, 1975 – PERIODS ENDING DEC. 31, 1986
OVERPAYMENTS AND UNDERPAYMENTS
PERIODRATEIn 1995–1 C.B. DAILY RATE TABLE
Before Jul. 1, 19756%Table 2, pg. 557
Jul. 1, 1975—Jan. 31, 19769%Table 4, pg. 559
Feb. 1, 1976—Jan. 31, 19787%Table 3, pg. 558
Feb. 1, 1978—Jan. 31, 19806%Table 2, pg. 557
Feb. 1, 1980—Jan. 31, 198212%Table 5, pg. 560
Feb. 1, 1982—Dec. 31, 198220%Table 6, pg. 560
Jan. 1, 1983—Jun. 30, 198316%Table 37, pg. 591
September 25, 2017Bulletin No. 2017–39
242

TABLE OF INTEREST RATES
PERIODS BEFORE JUL. 1, 1975 – PERIODS ENDING DEC. 31, 1986
OVERPAYMENTS AND UNDERPAYMENTS
PERIODRATEIn 1995–1 C.B. DAILY RATE TABLE
Jul. 1, 1983—Dec. 31, 198311%Table 27, pg. 581
Jan. 1, 1984—Jun. 30, 198411%Table 75, pg. 629
Jul. 1, 1984—Dec. 31, 198411%Table 75, pg. 629
Jan. 1, 1985—Jun. 30, 198513%Table 31, pg. 585
Jul. 1, 1985—Dec. 31, 198511%Table 27, pg. 581
Jan. 1, 1986—Jun. 30, 198610%Table 25, pg. 579
Jul. 1, 1986—Dec. 31, 19869%Table 23, pg. 577
TABLE OF INTEREST RATES
FROM JAN. 1, 1987 – Dec. 31, 1998
OVERPAYMENTSUNDERPAYMENTS
1995–1 C.B.1995–1 C.B.
RATETABLEPGRATETABLEPG
Jan. 1, 1987—Mar. 31, 19878%215759%23577
Apr. 1, 1987—Jun. 30, 19878%215759%23577
Jul. 1, 1987—Sep. 30, 19878%215759%23577
Oct. 1, 1987—Dec. 31, 19879%2357710%25579
Jan. 1, 1988—Mar. 31, 198810%7362711%75629
Apr. 1, 1988—Jun. 30, 19889%7162510%73627
Jul. 1, 1988—Sep. 30, 19889%7162510%73627
Oct. 1, 1988—Dec. 31, 198810%7362711%75629
Jan. 1, 1989—Mar. 31, 198910%2557911%27581
Apr. 1, 1989—Jun. 30, 198911%2758112%29583
Jul. 1, 1989—Sep. 30, 198911%2758112%29583
Oct. 1, 1989—Dec. 31, 198910%2557911%27581
Jan. 1, 1990—Mar. 31, 199010%2557911%27581
Apr. 1, 1990—Jun. 30, 199010%2557911%27581
Jul. 1, 1990—Sep. 30, 199010%2557911%27581
Oct. 1, 1990—Dec. 31, 199010%2557911%27581
Jan. 1, 1991—Mar. 31, 199110%2557911%27581
Apr. 1, 1991—Jun. 30, 19919%2357710%25579
Jul. 1, 1991—Sep. 30, 19919%2357710%25579
Oct. 1, 1991—Dec. 31, 19919%2357710%25579
Jan. 1, 1992—Mar. 31, 19928%696239%71625
Apr. 1, 1992—Jun. 30, 19927%676218%69623
Jul. 1, 1992—Sep. 30, 19927%676218%69623
Oct. 1, 1992—Dec. 31, 19926%656197%67621
Jan. 1, 1993—Mar. 31, 19936%175717%19573
Apr. 1, 1993—Jun. 30, 19936%175717%19573
Jul. 1, 1993—Sep. 30, 19936%175717%19573
Oct. 1, 1993—Dec. 31, 19936%175717%19573
Jan. 1, 1994—Mar. 31, 19946%175717%19573
Apr. 1, 1994—Jun. 30, 19946%175717%19573
Jul. 1, 1994—Sep. 30, 19947%195738%21575
Bulletin No. 2017–39September 25, 2017
243

TABLE OF INTEREST RATES
FROM JAN. 1, 1987 – Dec. 31, 1998
OVERPAYMENTSUNDERPAYMENTS
1995–1 C.B.1995–1 C.B.
RATETABLEPGRATETABLEPG
Oct. 1, 1994—Dec. 31, 19948%215759%23577
Jan. 1, 1995—Mar. 31, 19958%215759%23577
Apr. 1, 1995—Jun. 30, 19959%2357710%25579
Jul. 1, 1995—Sep. 30, 19958%215759%23577
Oct. 1, 1995—Dec. 31, 19958%215759%23577
Jan. 1, 1996—Mar. 31, 19968%696239%71625
Apr. 1, 1996—Jun. 30, 19967%676218%69623
Jul. 1, 1996—Sep. 30, 19968%696239%71625
Oct. 1, 1996—Dec. 31, 19968%696239%71625
Jan. 1, 1997—Mar. 31, 19978%215759%23577
Apr. 1, 1997—Jun. 30, 19978%215759%23577
Jul. 1, 1997—Sep. 30, 19978%215759%23577
Oct. 1, 1997—Dec. 31, 19978%215759%23577
Jan. 1, 1998—Mar. 31, 19988%215759%23577
Apr. 1, 1998—Jun. 30, 19987%195738%21575
Jul. 1, 1998—Sep. 30, 19987%195738%21575
Oct. 1, 1998—Dec. 31, 19987%195738%21575
TABLE OF INTEREST RATES
FROM JANUARY 1, 1999 – PRESENT
NONCORPORATE OVERPAYMENTS AND UNDERPAYMENTS
1995–1 C.B.
RATETABLEPAGE
Jan. 1, 1999—Mar. 31, 19997%19573
Apr. 1, 1999—Jun. 30, 19998%21575
Jul. 1, 1999—Sep. 30, 19998%21575
Oct. 1, 1999—Dec. 31, 19998%21575
Jan. 1, 2000—Mar. 31, 20008%69623
Apr. 1, 2000—Jun. 30, 20009%71625
Jul. 1, 2000—Sep. 30, 20009%71625
Oct. 1, 2000—Dec. 31, 20009%71625
Jan. 1, 2001—Mar. 31, 20019%23577
Apr. 1, 2001—Jun. 30, 20018%21575
Jul. 1, 2001—Sep. 30, 20017%19573
Oct. 1, 2001—Dec. 31, 20017%19573
Jan. 1, 2002—Mar. 31, 20026%17571
Apr. 1, 2002—Jun. 30, 20026%17571
Jul. 1, 2002—Sep. 30, 20026%17571
Oct. 1, 2002—Dec. 31, 20026%17571
Jan. 1, 2003—Mar. 31, 20035%15569
Apr. 1, 2003—Jun. 30, 20035%15569
Jul. 1, 2003—Sep. 30, 20035%15569
Oct. 1, 2003—Dec. 31, 20034%13567
September 25, 2017Bulletin No. 2017–39
244

TABLE OF INTEREST RATES
FROM JANUARY 1, 1999 – PRESENT
NONCORPORATE OVERPAYMENTS AND UNDERPAYMENTS
1995–1 C.B.
RATETABLEPAGE
Jan. 1, 2004—Mar. 31, 20044%61615
Apr. 1, 2004—Jun. 30, 20045%63617
Jul. 1, 2004—Sep. 30, 20044%61615
Oct. 1, 2004—Dec. 31, 20045%63617
Jan. 1, 2005—Mar. 31, 20055%15569
Apr. 1, 2005—Jun. 30, 20056%17571
Jul. 1, 2005—Sep. 30, 20056%17571
Oct. 1, 2005—Dec. 31, 20057%19573
Jan. 1, 2006—Mar. 31, 20067%19573
Apr. 1, 2006—Jun. 30, 20067%19573
Jul. 1, 2006—Sep. 30, 20068%21575
Oct. 1, 2006—Dec. 31, 20068%21575
Jan. 1, 2007—Mar. 31, 20078%21575
Apr. 1, 2007—Jun. 30, 20078%21575
Jul. 1, 2007—Sep. 30, 20078%21575
Oct. 1, 2007—Dec. 31, 20078%21575
Jan. 1, 2008—Mar. 31, 20087%67621
Apr. 1, 2008—Jun. 30, 20086%65619
Jul. 1, 2008—Sep. 30, 20085%63617
Oct. 1, 2008—Dec. 31, 20086%65619
Jan. 1, 2009—Mar. 31, 20095%15569
Apr. 1, 2009—Jun. 30, 20094%13567
Jul. 1, 2009—Sep. 30, 20094%13567
Oct. 1, 2009—Dec. 31, 20094%13567
Jan. 1, 2010—Mar. 31, 20104%13567
Apr. 1, 2010—Jun. 30, 20104%13567
Jul. 1, 2010—Sep. 30, 20104%13567
Oct. 1, 2010—Dec. 31, 20104%13567
Jan. 1, 2011—Mar. 31, 20113%11565
Apr. 1, 2011—Jun. 30, 20114%13567
Jul. 1, 2011—Sep. 30, 20114%13567
Oct. 1, 2011—Dec. 31, 20113%11565
Jan. 1, 2012—Mar. 31, 20123%59613
Apr. 1, 2012—Jun. 30, 20123%59613
Jul. 1, 2012—Sep. 30, 20123%59613
Oct. 1, 2012—Dec. 31, 20123%59613
Jan. 1, 2013—Mar. 31, 20133%11565
Apr. 1, 2013—Jun. 30, 20133%11565
Jul. 1, 2013—Sep. 30, 20133%11565
Oct. 1, 2013—Dec. 31, 20133%11565
Jan. 1, 2014—Mar. 31, 20143%11565
Apr. 1, 2014—Jun. 30, 20143%11565
Jul. 1, 2014—Sep. 30, 20143%11565
Bulletin No. 2017–39September 25, 2017
245

TABLE OF INTEREST RATES
FROM JANUARY 1, 1999 – PRESENT
NONCORPORATE OVERPAYMENTS AND UNDERPAYMENTS
1995–1 C.B.
RATETABLEPAGE
Oct. 1, 2014—Dec. 31, 20143%11565
Jan. 1, 2015—Mar. 31, 20153%11565
Apr. 1, 2015—Jun. 30, 20153%11565
Jul. 1, 2015—Sep. 30, 20153%11565
Oct. 1. 2015—Dec. 31, 20153%11565
Jan. 1, 2016—Mar. 31, 20163%59613
Apr. 1, 2016—Jun. 30, 20164%61615
Jul. 1, 2016—Sep. 30, 20164%61615
Oct. 1, 2016—Dec. 31, 20164%61615
Jan. 1, 2017—Mar. 31, 20174%13567
Apr. 1, 2017—Jun. 30, 20174%13567
Jul. 1, 2017—Sep. 30, 20174%13567
Oct. 1, 2017—Dec. 31, 20174%13567
TABLE OF INTEREST RATES
FROM JANUARY 1, 1999 – PRESENT
CORPORATE OVERPAYMENTS AND UNDERPAYMENTS
OVERPAYMENTSUNDERPAYMENTS
1995–1 C.B.1995–1 C.B.
RATETABLEPGRATETABLEPG
Jan. 1, 1999—Mar. 31, 19996%175717%19573
Apr. 1, 1999—Jun. 30, 19997%195738%21575
Jul. 1, 1999—Sep. 30, 19997%195738%21575
Oct. 1, 1999—Dec. 31, 19997%195738%21575
Jan. 1, 2000—Mar. 31, 20007%676218%69623
Apr. 1, 2000—Jun. 30, 20008%696239%71625
Jul. 1, 2000—Sep. 30, 20008%696239%71625
Oct. 1, 2000—Dec. 31, 20008%696239%71625
Jan. 1, 2001—Mar. 31, 20018%215759%23577
Apr. 1, 2001—Jun. 30, 20017%195738%21575
Jul. 1, 2001—Sep. 30, 20016%175717%19573
Oct. 1, 2001—Dec. 31, 20016%175717%19573
Jan. 1, 2002—Mar. 31, 20025%155696%17571
Apr. 1, 2002—Jun. 30, 20025%155696%17571
Jul. 1, 2002—Sep. 30, 20025%155696%17571
Oct. 1, 2002—Dec. 31, 20025%155696%17571
Jan. 1, 2003—Mar. 31, 20034%135675%15569
Apr. 1, 2003—Jun. 30, 20034%135675%15569
Jul. 1, 2003—Sep. 30, 20034%135675%15569
Oct. 1, 2003—Dec. 31, 20033%115654%13567
Jan. 1, 2004—Mar. 31, 20043%596134%61615
Apr. 1, 2004—Jun. 30, 20044%616155%63617
Jul. 1, 2004—Sep. 30, 20043%596134%61615
September 25, 2017Bulletin No. 2017–39
246

TABLE OF INTEREST RATES
FROM JANUARY 1, 1999 – PRESENT
CORPORATE OVERPAYMENTS AND UNDERPAYMENTS
OVERPAYMENTSUNDERPAYMENTS
1995–1 C.B.1995–1 C.B.
RATETABLEPGRATETABLEPG
Oct. 1, 2004—Dec. 31, 20044%616155%63617
Jan. 1, 2005—Mar. 31, 20054%135675%15569
Apr. 1, 2005—Jun. 30, 20055%155696%17571
Jul. 1, 2005—Sep. 30, 20055%155696%17571
Oct. 1, 2005—Dec. 31, 20056%175717%19573
Jan. 1, 2006—Mar. 31, 20066%175717%19573
Apr. 1, 2006—Jun. 30, 20066%175717%19573
Jul. 1, 2006—Sep. 30, 20067%195738%21575
Oct. 1, 2006—Dec. 31, 20067%195738%21575
Jan. 1, 2007—Mar. 31, 20077%195738%21575
Apr. 1, 2007—Jun. 30, 20077%195738%21575
Jul. 1, 2007—Sep. 30, 20077%195738%21575
Oct. 1, 2007—Dec. 31, 20077%195738%21575
Jan. 1, 2008—Mar. 31, 20086%656197%67621
Apr. 1, 2008—Jun. 30, 20085%636176%65619
Jul. 1, 2008—Sep. 30, 20084%616155%63617
Oct. 1, 2008—Dec. 31, 20085%636176%65619
Jan. 1, 2009—Mar. 31, 20094%135675%15569
Apr. 1, 2009—Jun. 30, 20093%115654%13567
Jul. 1, 2009—Sep. 30, 20093%115654%13567
Oct. 1, 2009—Dec. 31, 20093%115654%13567
Jan. 1, 2010—Mar. 31, 20103%115654%13567
Apr. 1, 2010—Jun. 30, 20103%115654%13567
Jul. 1, 2010—Sep. 30, 20103%115654%13567
Oct. 1, 2010—Dec. 31, 20103%115654%13567
Jan. 1, 2011—Mar. 31, 20112%95633%11565
Apr. 1, 2011—Jun. 30, 20113%115654%13567
Jul. 1, 2011—Sep. 30, 20113%115654%13567
Oct. 1, 2011—Dec. 31, 20112%95633%11565
Jan. 1, 2012—Mar. 31, 20122%576113%59613
Apr. 1, 2012—Jun. 30, 20122%576113%59613
Jul. 1, 2012—Sep. 30, 20122%576113%59613
Oct. 1, 2012—Dec. 31, 20122%576113%59613
Jan. 1, 2013—Mar. 31, 20132%95633%11565
Apr. 1, 2013—Jun. 30, 20132%95633%11565
Jul. 1, 2013—Sep. 30, 20132%95633%11565
Oct. 1, 2013—Dec. 31, 20132%95633%11565
Jan. 1, 2014—Mar. 31, 20142%95633%11565
Apr. 1, 2014—Jun. 30, 20142%95633%11565
Jul. 1, 2014—Sep. 30, 20142%95633%11565
Oct. 1, 2014—Dec. 31, 20142%95633%11565
Jan. 1, 2015—Mar. 31, 20152%95633%11565
Apr. 1, 2015—Jun. 30, 20152%95633%11565
Bulletin No. 2017–39September 25, 2017
247

TABLE OF INTEREST RATES
FROM JANUARY 1, 1999 – PRESENT
CORPORATE OVERPAYMENTS AND UNDERPAYMENTS
OVERPAYMENTSUNDERPAYMENTS
1995–1 C.B.1995–1 C.B.
RATETABLEPGRATETABLEPG
Jul. 1. 2015—Sep. 30, 20152%95633%11565
Oct. 1, 2015—Dec. 31, 20152%95633%11565
Jan. 1, 2016—Mar. 31, 20162%576113%59613
Apr. 1, 2016—Jun. 30, 20163%596134%61615
Jul. 1, 2016—Sep. 30, 20163%596134%61615
Oct. 1, 2016—Dec. 31, 20163%596134%61615
Jan. 1, 2017—Mar. 31, 20173%115654%13567
Apr. 1, 2017—Jun. 30, 20173%115654%13567
Jul. 1, 2017—Sep. 30, 20173%115654%13567
Oct. 1, 2017—Dec. 31. 20173%115654%13567
TABLE OF INTEREST RATES FOR
LARGE CORPORATE UNDERPAYMENTS
FROM JANUARY 1, 1991 – PRESENT
1995–1 C.B.
RATETABLEPAGE
Jan. 1, 1991—Mar. 31, 199113%31585
Apr. 1, 1991—Jun. 30, 199112%29583
Jul. 1, 1991—Sep. 30, 199112%29583
Oct. 1, 1991—Dec. 31, 199112%29583
Jan. 1, 1992—Mar. 31, 199211%75629
Apr. 1, 1992—Jun. 30, 199210%73627
Jul. 1, 1992—Sep. 30, 199210%73627
Oct. 1, 1992—Dec. 31, 19929%71625
Jan. 1, 1993—Mar. 31, 19939%23577
Apr. 1, 1993—Jun. 30, 19939%23577
Jul. 1, 1993—Sep. 30, 19939%23577
Oct. 1, 1993—Dec. 31, 19939%23577
Jan. 1, 1994—Mar. 31, 19949%23577
Apr. 1, 1994—Jun. 30, 19949%23577
Jul. 1, 1994—Sep. 30, 199410%25579
Oct. 1, 1994—Dec. 31, 199411%27581
Jan. 1, 1995—Mar. 31, 199511%27581
Apr. 1, 1995—Jun. 30, 199512%29583
Jul. 1, 1995—Sep. 30, 199511%27581
Oct. 1, 1995—Dec. 31, 199511%27581
Jan. 1, 1996—Mar. 31, 199611%75629
Apr. 1, 1996—Jun. 30, 199610%73627
Jul. 1, 1996—Sep. 30, 199611%75629
Oct. 1, 1996—Dec. 31, 199611%75629
Jan. 1, 1997—Mar. 31, 199711%27581
Apr. 1, 1997—Jun. 30, 199711%27581
September 25, 2017Bulletin No. 2017–39
248

TABLE OF INTEREST RATES FOR
LARGE CORPORATE UNDERPAYMENTS
FROM JANUARY 1, 1991 – PRESENT
1995–1 C.B.
RATETABLEPAGE
Jul. 1, 1997—Sep. 30, 199711%27581
Oct. 1, 1997—Dec. 31, 199711%27581
Jan. 1, 1998—Mar. 31, 199811%27581
Apr. 1, 1998—Jun. 30, 199810%25579
Jul. 1, 1998—Sep. 30, 199810%25579
Oct. 1, 1998—Dec. 31, 199810%25579
Jan. 1, 1999—Mar. 31, 19999%23577
Apr. 1, 1999—Jun. 30, 199910%25579
Jul. 1, 1999—Sep. 30, 199910%25579
Oct. 1, 1999—Dec. 31, 199910%25579
Jan. 1, 2000—Mar. 31, 200010%73627
Apr. 1, 2000—Jun. 30, 200011%75629
Jul. 1, 2000—Sep. 30, 200011%75629
Oct. 1, 2000—Dec. 31, 200011%75629
Jan. 1, 2001—Mar. 31, 200111%27581
Apr. 1, 2001—Jun. 30, 200110%25579
Jul. 1, 2001—Sep. 30, 20019%23577
Oct. 1, 2001—Dec. 31, 20019%23577
Jan. 1, 2002—Mar. 31, 20028%21575
Apr. 1, 2002—Jun. 30, 20028%21575
Jul. 1, 2002—Sep. 30, 20028%21575
Oct. 1, 2002—Dec. 31, 20028%21575
Jan. 1, 2003—Mar. 31, 20037%19573
Apr. 1, 2003—Jun. 30, 20037%19573
Jul. 1, 2003—Sep. 30, 20037%19573
Oct. 1, 2003—Dec. 31, 20036%17571
Jan. 1, 2004—Mar. 31, 20046%65619
Apr. 1, 2004—Jun. 30, 20047%67621
Jul. 1, 2004—Sep. 30, 20046%65619
Oct. 1, 2004—Dec. 31, 20047%67621
Jan. 1, 2005—Mar. 31, 20057%19573
Apr. 1, 2005—Jun. 30, 20058%21575
Jul. 1, 2005—Sep. 30, 20058%21575
Oct. 1, 2005—Dec. 31, 20059%23577
Jan. 1, 2006—Mar. 31, 20069%23577
Apr. 1, 2006—Jun. 30, 20069%23577
Jul. 1, 2006—Sep. 30, 200610%25579
Oct. 1, 2006—Dec. 31, 200610%25579
Jan. 1, 2007—Mar. 31, 200710%25579
Apr. 1, 2007—Jun. 30, 200710%25579
Jul. 1, 2007—Sep. 30, 200710%25579
Oct. 1, 2007—Dec. 31, 200710%25579
Jan. 1, 2008—Mar. 31, 20089%71625
Bulletin No. 2017–39September 25, 2017
249

TABLE OF INTEREST RATES FOR
LARGE CORPORATE UNDERPAYMENTS
FROM JANUARY 1, 1991 – PRESENT
1995–1 C.B.
RATETABLEPAGE
Apr. 1, 2008—Jun. 30, 20088%69623
Jul. 1, 2008—Sep. 30, 20087%67621
Oct. 1, 2008—Dec. 31, 20088%69623
Jan. 1, 2009—Mar. 31, 20097%19573
Apr. 1, 2009—Jun. 30, 20096%17571
Jul. 1, 2009—Sep. 30, 20096%17571
Oct. 1, 2009—Dec. 31, 20096%17571
Jan. 1, 2010—Mar. 31, 20106%17571
Apr. 1, 2010—Jun. 30, 20106%17571
Jul. 1, 2010—Sep. 30, 20106%17571
Oct. 1, 2010—Dec. 31, 20106%17571
Jan. 1, 2011—Mar. 31, 20115%15569
Apr. 1, 2011—Jun. 30, 20116%17571
Jul. 1, 2011—Sep. 30, 20116%17571
Oct. 1, 2011—Dec. 31, 20115%15569
Jan. 1, 2012—Mar. 31, 20125%63617
Apr. 1, 2012—Jun. 30, 20125%63617
Jul. 1, 2012—Sep. 30, 20125%63617
Oct. 1, 2012—Dec. 31, 20125%63617
Jan. 1, 2013—Mar. 31, 20135%15569
Apr. 1, 2013—Jun. 30, 20135%15569
Jul. 1, 2013—Sep. 30, 20135%15569
Oct. 1, 2013—Dec. 31, 20135%15569
Jan. 1, 2014—Mar. 31, 20145%15569
Apr. 1, 2014—Jun. 30, 20145%15569
Jul. 1, 2014—Sep. 30, 20145%15569
Oct. 1, 2014—Dec. 31, 20145%15569
Jan. 1, 2015—Mar. 31, 20155%15569
Apr. 1, 2015—Jun. 30, 20155%15569
Jul. 1, 2015—Sep. 30, 20155%15569
Oct. 1, 2015—Dec. 31, 20155%15569
Jan. 1, 2016—Mar. 31, 20165%63617
Apr. 1, 2016—Jun. 30, 20166%65619
Jul. 1, 2016—Sep. 30, 20166%65619
Oct. 1, 2016—Dec. 31, 20166%65619
Jan. 1, 2017—Mar. 31, 20176%17571
Apr. 1, 2017—Jun. 30, 20176%17571
Jul. 1, 2017—Sep. 30, 20176%17571
Oct. 1, 2017—Dec. 31, 20176%17571
September 25, 2017Bulletin No. 2017–39
250

TABLE OF INTEREST RATES FOR CORPORATE
OVERPAYMENTS EXCEEDING $10,000
FROM JANUARY 1, 1995 – PRESENT
1995–1 C.B.
RATETABLEPAGE
Jan. 1, 1995—Mar. 31, 19956.5%18572
Apr. 1, 1995—Jun. 30, 19957.5%20574
Jul. 1, 1995—Sep. 30, 19956.5%18572
Oct. 1, 1995—Dec. 31, 19956.5%18572
Jan. 1, 1996—Mar. 31, 19966.5%66620
Apr. 1, 1996—Jun. 30, 19965.5%64618
Jul. 1, 1996—Sep. 30, 19966.5%66620
Oct. 1, 1996—Dec. 31, 19966.5%66620
Jan. 1, 1997—Mar. 31, 19976.5%18572
Apr. 1, 1997—Jun. 30, 19976.5%18572
Jul. 1, 1997—Sep. 30, 19976.5%18572
Oct. 1, 1997—Dec. 31, 19976.5%18572
Jan. 1, 1998—Mar. 31, 19986.5%18572
Apr. 1, 1998—Jun. 30, 19985.5%16570
Jul. 1. 1998—Sep. 30, 19985.5%16570
Oct. 1, 1998—Dec. 31, 19985.5%16570
Jan. 1, 1999—Mar. 31, 19994.5%14568
Apr. 1, 1999—Jun. 30, 19995.5%16570
Jul. 1, 1999—Sep. 30, 19995.5%16570
Oct. 1, 1999—Dec. 31, 19995.5%16570
Jan. 1, 2000—Mar. 31, 20005.5%64618
Apr. 1, 2000—Jun. 30, 20006.5%66620
Jul. 1, 2000—Sep. 30, 20006.5%66620
Oct. 1, 2000—Dec. 31, 20006.5%66620
Jan. 1, 2001—Mar. 31, 20016.5%18572
Apr. 1, 2001—Jun. 30, 20015.5%16570
Jul. 1, 2001—Sep. 30, 20014.5%14568
Oct. 1, 2001—Dec. 31, 20014.5%14568
Jan. 1, 2002—Mar. 31, 20023.5%12566
Apr. 1, 2002—Jun. 30, 20023.5%12566
Jul. 1, 2002—Sep. 30, 20023.5%12566
Oct. 1, 2002—Dec. 31, 20023.5%12566
Jan. 1, 2003—Mar. 31, 20032.5%10564
Apr. 1, 2003—Jun. 30, 20032.5%10564
Jul. 1, 2003—Sep. 30, 20032.5%10564
Oct. 1, 2003—Dec. 31, 20031.5%8562
Jan. 1, 2004—Mar. 31, 20041.5%56610
Apr. 1, 2004—Jun. 30, 20042.5%58612
Jul. 1, 2004—Sep. 30, 20041.5%56610
Oct. 1, 2004—Dec. 31, 20042.5%58612
Jan. 1, 2005—Mar. 31, 20052.5%10564
Apr. 1, 2005—Jun. 30, 20053.5%12566
Jul. 1, 2005—Sep. 30, 20053.5%12566
Bulletin No. 2017–39September 25, 2017
251

TABLE OF INTEREST RATES FOR CORPORATE
OVERPAYMENTS EXCEEDING $10,000
FROM JANUARY 1, 1995 – PRESENT
1995–1 C.B.
RATETABLEPAGE
Oct. 1, 2005—Dec. 31, 20054.5%14568
Jan. 1, 2006—Mar. 31, 20064.5%14568
Apr. 1, 2006—Jun. 30, 20064.5%14568
Jul. 1, 2006—Sep. 30, 20065.5%16570
Oct. 1, 2006—Dec. 31, 20065.5%16570
Jan. 1, 2007—Mar. 31, 20075.5%16570
Apr. 1, 2007—Jun. 30, 20075.5%16570
Jul. 1, 2007—Sep. 30, 20075.5%16570
Oct. 1, 2007—Dec. 31, 20075.5%16570
Jan. 1, 2008—Mar. 31, 20084.5%62616
Apr. 1, 2008—Jun. 30, 20083.5%60614
Jul. 1, 2008—Sep. 30, 20082.5%58612
Oct. 1, 2008—Dec. 31, 20083.5%60614
Jan. 1, 2009—Mar. 31, 20092.5%10564
Apr. 1, 2009—Jun. 30, 20091.5%8562
Jul. 1, 2009—Sep. 30, 20091.5%8562
Oct. 1, 2009—Dec. 31, 20091.5%8562
Jan. 1, 2010—Mar. 31, 20101.5%8562
Apr. 1, 2010—Jun. 30, 20101.5%8562
Jul. 1, 2010—Sep. 30, 20101.5%8562
Oct. 1, 2010—Dec. 31, 20101.5%8562
Jan. 1, 2011—Mar. 31, 20110.5%*
Apr. 1, 2011—Jun. 30, 20111.5%8562
Jul. 1, 2011—Sep. 30, 20111.5%8562
Oct. 1, 2011—Dec. 31, 20110.5%*
Jan. 1, 2012—Mar. 31, 20120.5%*
Apr. 1, 2012—Jun. 30, 20120.5%*
Jul. 1, 2012—Sep. 30, 20120.5%*
Oct. 1, 2012—Dec. 31, 20120.5%*
Jan. 1, 2013—Mar. 31, 20130.5%*
Apr. 1, 2013—Jun. 30, 20130.5%*
Jul. 1, 2013—Sep. 30, 20130.5%*
Oct. 1, 2013—Dec. 31, 20130.5%*
Jan. 1, 2014—Mar. 31, 20140.5%*
Apr. 1, 2014—Jun. 30, 20140.5%*
Jul. 1, 2014—Sep. 30, 20140.5%*
Oct. 1, 2014—Dec. 31, 20140.5%*
Jan. 1, 2015—Mar. 31, 20150.5%*
Apr. 1, 2015—Jun. 30, 20150.5%*
Jul. 1, 2015—Sep. 30, 20150.5%*
Oct. 1, 2015—Dec. 31, 20150.5%*
Jan. 1, 2016—Mar. 31, 20160.5%*
Apr. 1, 2016—Jun. 30, 20161.5%56610
September 25, 2017Bulletin No. 2017–39
252

TABLE OF INTEREST RATES FOR CORPORATE
OVERPAYMENTS EXCEEDING $10,000
FROM JANUARY 1, 1995 – PRESENT
1995–1 C.B.
RATETABLEPAGE
Jul. 1, 2016—Sep. 30, 20161.5%56610
Oct. 1, 2016—Dec. 31, 20161.5%56610
Jan. 1, 2017—Mar. 31, 20171.5%8562
Apr. 1, 2017—Jun. 30, 20171.5%8562
Jul. 1, 2017—Sep. 30, 20171.5%8562
Oct. 1, 2017—Dec. 31, 20171.5%8562
* The asterisk reflects the interest factors for daily compound interest for annual rates of 0.5 percent published in
Appendix A of this Revenue Ruling.
Bulletin No. 2017–39September 25, 2017
253

Part III. Administrative, Procedural, and Miscellaneous
Treatment of Amounts
Paid to Section 170(c)
Organizations under
Employer Leave-Based
Donation Programs to
Aid Victims of Hurricane
Harvey and Tropical
Storm Harvey
Notice 2017–48
This notice provides guidance on the
treatment of leave-based donation pro-
grams to aid victims of Hurricane Harvey
and Tropical Storm Harvey.
TREATMENT OF LEAVE-BASED
DONATION PAYMENTS
In response to the extreme need for
charitable relief for victims of Hurricane
Harvey and Tropical Storm Harvey, em-
ployers may have adopted or may be con-
sidering adopting leave-based donation
programs. Under leave-based donation
programs, employees can elect to forgo
vacation, sick, or personal leave in ex-
change for cash payments that the em-
ployer makes to charitable organizations
described in § 170(c) of the Internal Rev-
enue Code (§ 170(c) organizations). This
notice provides guidance for income and
employment tax purposes on the treatment
of cash payments made by employers un-
der leave-based donation programs for the
relief of victims of Hurricane Harvey and
Tropical Storm Harvey.
The Internal Revenue Service (the Ser-
vice) will not assert that cash payments an
employer makes to § 170(c) organizations
in exchange for vacation, sick, or personal
leave that its employees elect to forgo
constitute gross income or wages of the
employees if the payments are: (1) made
to the § 170(c) organizations for the relief
of victims of Hurricane Harvey and Trop-
ical Storm Harvey; and (2) paid to the
§ 170(c) organizations before January 1,
2019.
Similarly, the Service will not assert
that the opportunity to make such an elec-
tion results in constructive receipt of gross
income or wages for employees. Electing
employees may not claim a charitable
contribution deduction under § 170 with
respect to the value of forgone leave ex-
cluded from compensation and wages.
The Service will not assert that an em-
ployer is permitted to deduct these cash
payments exclusively under the rules of
§ 170 rather than the rules of § 162. Cash
payments to which this guidance applies
need not be included in Box 1, 3 (if ap-
plicable), or 5 of the Form W–2.
DRAFTING INFORMATION
For further information, please contact
Michael J. Montemurro of the Office of
Associate Chief Counsel (Income Tax and
Accounting) at (202) 317-4718 (not a toll-
free number).
September 25, 2017Bulletin No. 2017–39
254

Part IV. Items of General Interest
Relief for Victims of
Hurricane Harvey
Announcement 2017–11
Purpose
This announcement provides relief to
taxpayers who have been adversely af-
fected by Hurricane Harvey and who have
retirement assets in qualified employer
plans that they would like to use to alle-
viate hardships caused by Hurricane Har-
vey. In addition, this announcement pro-
vides relief from certain verification
procedures that may be required under
retirement plans with respect to loans and
hardship distributions. The relief provided
under this announcement is in addition to
the relief already provided by the Service
pursuant to News Release IR–2017–135
under § 7508A of the Internal Revenue
Code (“Code”) for victims of Hurricane
Harvey. (For a listing of employee
benefit-related acts and deadlines that, un-
der the News Release, were postponed
until January 31, 2018, in response to
Hurricane Harvey, see the regulations un-
der § 7508A and Section 8 of Rev. Proc.
2007–56, 2007–2 C.B. 388.)
Background
The laws relating to qualified employer
plans impose various limitations on the
permissibility of loans and distributions
from those plans. For example, § 401(k)
(2)(B)(i) of the Code provides that in the
case of a § 401(k) plan that is part of a
profit-sharing or stock bonus plan, elec-
tive deferrals may be distributed only in
certain situations, one of which is on ac-
count of hardship. Section 403(b)(11) pro-
vides similar rules with respect to elective
deferrals under a § 403(b) plan. Section
457(d)(1)(A) provides that a plan de-
scribed in § 457(b) may not permit distri-
butions before the occurrence of certain
enumerated events, one being when the
participant is faced with an unforeseeable
emergency. Certain other types of plans or
accounts are not permitted to make in-
service distributions (distributions to a
participant who is still an employee) even
if there is a hardship. For example, in-
service hardship distributions are gener-
ally not permitted from pension plans or
from accounts holding qualified nonelec-
tive contributions (“QNECs”) described
in § 401(m)(4)(C) or qualified matching
contributions (“QMACs”) described in
§ 401(k)(3)(D)(ii)(I). However, Rev. Rul.
2004 –12, 2004 –2 C.B. 478, holds that if
amounts attributable to rollover contribu-
tions are separately accounted for within a
plan, those amounts may be distributed at
any time, pursuant to the employee’s re-
quest. Section 72(p) imposes certain re-
quirements relating to plan loans. Unless
those requirements are satisfied, a loan is
treated as a distribution under the plan.
In order to make a loan or distribution
(including a hardship distribution), a plan
must contain language authorizing the
loan or distribution. Also, except to the
extent a distribution consists of already-
taxed amounts, the distribution will be
includible in gross income and generally
subject to the 10-percent additional tax
under § 72(t). Similar rules relating to
income inclusion and taxation apply to a
distribution from an IRA.
Plan provisions and regulations under
certain Code sections establish verifica-
tion procedures that a plan must follow
before loans or distributions can be made
from the plan. For example, the regula-
tions under § 401(k) set forth certain cri-
teria an employee must meet in order to
receive a hardship distribution. A plan
may contain procedures designed to con-
firm that the criteria have been satisfied.
Relief
As described below, a qualified em-
ployer plan will not be treated as failing to
satisfy any requirement under the Code or
regulations merely because the plan
makes a loan, or a hardship distribution
for a need arising from Hurricane Harvey,
to an employee or former employee
whose principal residence on August 23,
2017, was located in one of the Texas
counties identified for individual assis-
tance by the Federal Emergency Manage-
ment Agency (“FEMA”) because of the
devastation caused by Hurricane Harvey
or whose place of employment was lo-
cated in one of these counties on that
applicable date or whose lineal ascendant
or descendant, dependent, or spouse had a
principal residence or place of employ-
ment in one of these counties on that date.
The counties identified for individual
assistance by FEMA can be found on
FEMA’s website athttps://www.fema.gov/
disasters. If additional areas in Texas or
other states are identified by FEMA for
individual assistance because of damage
related to Hurricane Harvey, the relief
provided in this announcement will also
apply, from the date specified by FEMA
as the beginning of the incident period,
and that date should be substituted for
references to August 23, 2017, in this an-
nouncement. Plan administrators may rely
upon representations from the employee
or former employee as to the need for and
amount of a hardship distribution, unless
the plan administrator has actual knowl-
edge to the contrary, and the distribution
is treated as a hardship distribution for all
purposes under the Code and regulations.
For purposes of this announcement, a
“qualified employer plan” means a plan or
contract meeting the requirements of
§ 401(a), 403(a) or 403(b), and, for pur-
poses of the hardship relief, that could, if
it contained enabling language, make
hardship distributions. For purposes of
this paragraph, a “qualified employer
plan” also means a plan described in
§ 457(b) maintained by an eligible em-
ployer described in § 457(e)(1)(A), and
any hardship arising from Hurricane Har-
vey is treated as an “unforeseeable emer-
gency” for purposes of distributions from
such plans. For example, a profit-sharing
or stock bonus plan that currently does not
provide for hardship or other in-service
distributions may nevertheless make hard-
ship distributions related to Hurricane
Harvey pursuant to this announcement,
except from QNEC or QMAC accounts or
from earnings on elective contributions
(see below for plan amendment require-
ments). A defined benefit or money pur-
chase plan, which generally cannot make
in-service hardship distributions, may not
make hardship distributions pursuant to
this announcement, other than from a sep-
arate account, if any, within the plan con-
taining either employee contributions or
rollover amounts.
Bulletin No. 2017–39September 25, 2017
255

The amount available for hardship dis-
tribution is limited to the maximum
amount that would be permitted to be
available for a hardship distribution under
the plan under the Code and regulations.
However, the relief provided by this an-
nouncement applies to any hardship of the
employee, not just the types enumerated
in the regulations, and no post-distribution
contribution restrictions are required. For
example, regulations under § 401(k) pro-
vide safe harbor hardship distribution
standards under which a hardship is
deemed to exist only for certain enumer-
ated events, and, after receipt of the hard-
ship amount, the employee is prohibited
from making contributions for at least 6
months. Plans need not follow these rules
with respect to hardship distributions for
which relief is provided under this an-
nouncement.
To make a loan or hardship distribution
pursuant to the relief provided in this an-
nouncement, a qualified employer plan
that does not provide for them must be
amended to provide for loans or hardship
distributions no later than the end of the
first plan year beginning after December
31, 2017. To qualify for the relief under
this announcement, a hardship distribu-
tion must be made on account of a hard-
ship resulting from Hurricane Harvey and
be made on or after August 23, 2017, and
no later than January 31, 2018. Plan loans
made pursuant to this announcement must
satisfy the requirements of § 72(p).
In addition, a retirement plan will not
be treated as failing to follow procedural
requirements for plan loans (in the case of
retirement plans other than IRAs) or dis-
tributions (in the case of all retirement
plans, including IRAs) imposed by the
terms of the plan merely because those
requirements are disregarded for any pe-
riod beginning on or after August 23,
2017, and continuing through January 31,
2018, with respect to loans or distributions
to individuals described in the first para-
graph under “Relief”, above, provided the
plan administrator (or financial institution
in the case of distributions from IRAs)
makes a good-faith diligent effort under
the circumstances to comply with those
requirements. However, as soon as prac-
ticable, the plan administrator (or financial
institution in the case of IRAs) must make
a reasonable attempt to assemble any for-
gone documentation. For example, if
spousal consent is required for a plan loan
or distribution and the plan terms require
production of a death certificate if the
employee claims his or her spouse is de-
ceased, the plan will not be disqualified
for failure to operate in accordance with
its terms if it makes a loan or distribution
to an individual described in the first para-
graph under “Relief” in the absence of a
death certificate if it is reasonable to be-
lieve, under the circumstances, that the
spouse is deceased, the loan or distribu-
tion is made no later than January 31,
2018, and the plan administrator makes
reasonable efforts to obtain the death cer-
tificate as soon as practicable. For pur-
poses of this announcement, “retirement
plan” has the same meaning as “eligible
retirement plan” under § 402(c)(8)(B).
Taxpayers are reminded that in general
the normal spousal consent rules continue
to apply, and, except to the extent the dis-
tribution consists of already-taxedamounts,
any distribution made pursuant to the re-
lief provided in this announcement will be
includible in gross income and generally
subject to the 10-percent additional tax
under § 72(t).
The Department of Labor has advised
Treasury and the IRS that it will not treat
any person as having violated the provi-
sions of Title I of the Employee Retire-
ment Income Security Act solely because
that person complied with the provisions
of this announcement.
September 25, 2017Bulletin No. 2017–39
256

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
effect:
Amplifieddescribes a situation where
no change is being made in a prior pub-
lished position, but the prior position is
being extended to apply to a variation of
the 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 with
modified, below).
Clarifiedis used in those instances
where the language in a prior ruling is
being made clear because the language
has caused, or may cause, some confu-
sion. 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
being stated in a new ruling.
Supersededdescribes a situation where
the new ruling does nothing more than
restate the substance and situation of a
previously published ruling (or rulings).
Thus, the term is used to republish under
the 1986 Code and regulations the same
position published under the 1939 Code
and regulations. The term is also used
when it is desired to republish in a single
ruling a series of situations, names, etc.,
that were previously published over a pe-
riod of time in separate rulings. If the new
ruling does more than restate the sub-
stance of a prior ruling, a combination of
terms is used. For example,modifiedand
supersededdescribes 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
published 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
ruling has been supplemented several
times, a new ruling may be published that
includes the list in the original ruling and
the additions, and supersedes all prior rul-
ings 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 following abbreviations in current
use and formerly used will appear in ma-
terial published in the Bulletin.
A—Individual.
Acq.—Acquiescence.
B—Individual.
BE—Beneficiary.
BK—Bank.
B.T.A.—Board of Tax Appeals.
C—Individual.
C.B.—Cumulative Bulletin.
CFR—Code of Federal Regulations.
CI—City.
COOP—Cooperative.
Ct.D.—Court Decision.
CY—County.
D—Decedent.
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—Employer.
ERISA—Employee Retirement Income Security Act.
EX—Executor.
F—Fiduciary.
FC—Foreign Country.
FICA—Federal Insurance Contributions Act.
FISC—Foreign International Sales Company.
FPH—Foreign Personal Holding Company.
F.R.—Federal Register.
FUTA—Federal Unemployment Tax Act.
FX—Foreign corporation.
G.C.M.—Chief Counsel’s Memorandum.
GE—Grantee.
GP—General Partner.
GR—Grantor.
IC—Insurance Company.
I.R.B.—Internal Revenue Bulletin.
LE—Lessee.
LP—Limited Partner.
LR—Lessor.
M—Minor.
Nonacq.—Nonacquiescence.
O—Organization.
P—Parent Corporation.
PHC—Personal Holding Company.
PO—Possession of the U.S.
PR—Partner.
PRS—Partnership.
PTE
—Prohibited Transaction Exemption.
Pub. L.—Public Law.
REIT—Real Estate Investment Trust.
Rev. Proc.—Revenue Procedure.
Rev. Rul.—Revenue Ruling.
S—Subsidiary.
S.P.R.—Statement of Procedural Rules.
Stat.—Statutes at Large.
T—Target Corporation.
T.C.—Tax Court.
T.D.—Treasury Decision.
TFE—Transferee.
TFR—Transferor.
T.I.R.—Technical Information Release.
TP—Taxpayer.
TR—Trust.
TT—Trustee.
U.S.C.—United States Code.
X—Corporation.
Y—Corporation.
Z—Corporation.
Bulletin No. 2017–39September 25, 2017
i

Numerical Finding List
1
Bulletin 2017–27 through 2017–39
Action on Decision:
2017-5, 2017-27 I.R.B.1
2017-6, 2017-33 I.R.B.194
Announcements:
2017-05, 2017-27 I.R.B.5
2017-08, 2017-28 I.R.B.9
2017-09, 2017-35 I.R.B.219
2017-10, 2017-33 I.R.B.210
2017-11, 2017-39 I.R.B.255
2017-12, 2017-38 I.R.B.238
Notices:
2017-36, 2017-33 I.R.B.208
2017-37, 2017-29 I.R.B.89
2017-38, 2017-30 I.R.B.147
2017-39, 2017-31 I.R.B.150
2017-40, 2017-32 I.R.B.190
2017-41, 2017-34 I.R.B.211
2017-42, 2017-34 I.R.B.212
2017-43, 2017-36 I.R.B.224
2017-44, 2017-36 I.R.B.226
2017-45, 2017-38 I.R.B.232
2017-47, 2017-38 I.R.B.232
2017-48, 2017-39 I.R.B.254
Proposed Regulations:
REG-139633-08, 2017-31 I.R.B.175
REG-128483-15, 2017-32 I.R.B.191
REG-136118-15, 2017-28 I.R.B.9
Revenue Procedures:
2017-41, 2017-29 I.R.B.92
2017-42, 2017-29 I.R.B.124
2017-43, 2017-31 I.R.B.153
2017-44, 2017-35 I.R.B.216
2017-45, 2017-35 I.R.B.216
2017-47, 2017-38 I.R.B.233
2017-48, 2017-36 I.R.B.229
2017-50, 2017-37 I.R.B.230
Revenue Rulings:
2017-14, 2017-27 I.R.B.2
2017-15, 2017-32 I.R.B.176
2017-16, 2017-35 I.R.B.215
2017-17, 2017-36 I.R.B.222
2017-18, 2017-39 I.R.B.239
Treasury Decisions:
9819, 2017-29 I.R.B.85
9820, 2017-32 I.R.B.178
9821, 2017-32 I.R.B.181
Treasury Decisions:—Continued
9822, 2017-33 I.R.B.195
9823, 2017-33 I.R.B.206
1
A cumulative list of all revenue rulings, revenue procedures, Treasury decisions, etc., published in Internal Revenue Bulletins 2017– 01 through 2017–26 is in Internal Revenue Bulletin
2017–26, dated June 27, 2017.
September 25, 2017Bulletin No. 2017–39
ii

Finding List of Current Actions on
Previously Published Items
1
Bulletin 2017–27 through 2017–39
Notices:
2015-77
Amplified by
Notice 2017-40, 2017-32 I.R.B.190
Revenue Procedures:
2016-27
Modified by
Rev. Proc. 2017-43, 2017-31 I.R.B.153
2016-27
Superseded by
Rev. Proc. 2017-43, 2017-31 I.R.B.153
2016-48
Superseded by
Rev. Proc. 2017-48, 2017-36 I.R.B.232
1
A cumulative list of all revenue rulings, revenue procedures, Treasury decisions, etc., published in Internal Revenue Bulletins 2017– 01 through 2017–26 is in Internal Revenue Bulletin
2017–26, dated June 27, 2017.
Bulletin No. 2017–39September 25, 2017
iii

INTERNAL REVENUE BULLETIN
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