us-irs-revenue-rulings-irb-2023-9-pdf•Internal Revenue Bulletin 2023-9 (PDF rendition): IRS Revenue Rulings
Internal Revenue Bulletin 2023-9 (PDF rendition): IRS Revenue Rulings
us-irs-revenue-rulings-irb-2023-9-pdfInternal Revenue Bulletin 2023-9 (PDF rendition): IRS Revenue RulingsGuidance
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Bulletin No. 2023–9 February 27, 2023 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 Announcement 2023-5, page 499. The Office of Professional Responsibility (OPR) announces recent disciplinary sanctions involving attorneys, certified public accountants, enrolled agents, enrolled actuaries, enrolled retirement plan agents, and appraisers. These in- dividuals are subject to the regulations governing practice before the Internal Revenue Service (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 dis- ciplinary sanctions for violating the regulations. Rev. Rul. 2023-4, page 480. Interest rates: underpayments and overpayments. The rates for interest determined under Section 6621 of the code for the calendar quarter beginning April 1, 2023, will be 7 percent for overpayments (6 percent in the case of a corporation), 7 percent for underpayments, and 9 percent for large corporate underpayments. The rate of interest paid on the portion of a corporate overpayment exceeding $10,000 will be 4.5 percent. EMPLOYEE PLANS Announcement 2023-6, page 501. This announcement notifies the public that the IRS intends to issue opinion letters on February 28, 2023, or, in some cases, as soon as possible thereafter, for pre-approved de- fined benefit plans that were updated for changes in plan qualification requirements listed in Notice 2020-14 and that were filed with the IRS during the third six-year remedial amendment cycle for pre-approved defined benefit plans. This announcement also notifies the public of the date by which an adopting employer intending to maintain a pre-ap- proved defined benefit plan for the third six-year cycle must adopt a newly approved plan, and announces the beginning and ending dates of the period during which an adopting employer may file for an individual determination letter un- der the third six-year remedial amendment cycle. Finding Lists begin on page ii. 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 of- ficial rulings and procedures of the Internal Revenue Service and for publishing Treasury Decisions, Executive Orders, Tax Conventions, 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 sub- stantive 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 inter- nal management 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 rul- ings 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.—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, Legislation 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 Rulings. Bank Secrecy Act Administrative Rulings are issued by the Department of the Treasury’s Office of the Assistant Secretary (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. February 27, 2023 Bulletin No. 2023–9 Part I Section 6621.— Determination of Rate of Interest 26 CFR 301.6621-1: Interest rate. Rev. Rul. 2023-4 Section 6621 of the Internal Revenue Code establishes the interest rates on over- payments and underpayments of tax. Under section 6621(a)(1), the overpayment rate is the sum of the federal short-term rate plus 3 percentage points (2 percentage points in the case of a corporation), except the rate for the portion of a corporate overpayment of tax exceeding $10,000 for a taxable peri- od is the sum of the federal short-term rate plus 0.5 of a percentage point. Under sec- tion 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 appli- cable date. Section 6621(c) and section 301.6621-3 are generally effective for pe- riods after December 31, 1990. Section 6621(b)(1) provides that the Secretary will determine the federal short- term rate for the first month in each calen- dar quarter. Section 6621(b)(2)(A) provides that the federal short-term rate determined under section 6621(b)(1) for any month applies during the first calendar quarter be- ginning after that month. Section 6621(b) (3) provides that the federal short-term rate for any month is the federal short-term rate determined during that month by the Sec- retary in accordance with section 1274(d), rounded to the nearest full percent (or, if a multiple of 1/2 of 1 percent, the rate is in- creased 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 dai- ly compounding. The federal short-term rate determined in accordance with section 1274(d) during January 2023 is the rate published in Rev- enue Ruling 2023-3, 2023-6 IRB 448, to take effect beginning February 1, 2023. The federal short-term rate, rounded to the nearest full percent, based on daily com- pounding determined during the month of January 2023 is 4 percent. Accordingly, an overpayment rate of 7 percent (6 percent in the case of a corporation) and an under- payment rate of 7 percent are established for the calendar quarter beginning April 1, 2023. The overpayment rate for the por- tion of a corporate overpayment exceed- ing $10,000 for the calendar quarter be- ginning April 1, 2023, is 4.5 percent. The underpayment rate for large corporate un- derpayments for the calendar quarter be- ginning April 1, 2023, is 9 percent. These rates apply to amounts bearing interest during that calendar quarter. Sections 6654(a)(1) and 6655(a)(1) provide that the underpayment rate estab- lished under section 6621 applies in deter- mining the addition to tax under sections 6654 and 6655 for failure to pay estimat- ed tax for any taxable year. Thus, the 7 percent rate also applies to estimated tax underpayments for the second calendar quarter beginning April 1, 2023. Pursuant to section 6621(b)(2)(B), in determining the addition to tax under section 6654 for any taxable year for an individual, the federal short-term rate that applies during the third month following the taxable year also applies during the first 15 days of the fourth month following the taxable year. See Rev. Rul. 2022-23, 2022-51 IRB 532 (7 percent rate for the first quarter of 2023). In addition, pursuant to section 6603(d)(4), the rate of interest on section 6603 deposits is 4 percent for the second calendar quarter in 2023. Interest factors for daily compound interest for annual rates of 4.5 percent, 6 percent, 7 percent and 9 percent are pub- lished in Tables 14, 17, 19 and 23 of Rev. Proc. 95-17, 1995-1 C.B. 568, 571, 573, and 577. Annual interest rates to be compound- ed daily pursuant to section 6622 that ap- ply for prior periods are set forth in the tables accompanying this revenue ruling. DRAFTING INFORMATION The principal author of this revenue ruling is Casey R. Conrad of the Office of the Associate Chief Counsel (Procedure and Administration). For further informa- tion regarding this revenue ruling, contact Mr. Conrad at (202) 317-6844 (not a toll- free number). February 27, 2023 480 Bulletin No. 2023–9 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 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 Bulletin No. 2023–9 481 February 27, 2023 February 27, 2023 482 Bulletin No. 2023–9 420.0005755041040.0014256631660.002276544 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 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 Bulletin No. 2023–9 483 February 27, 2023 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 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 February 27, 2023 484 Bulletin No. 2023–9 430.0005876001050.0014354461670.002284010 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 Bulletin No. 2023–9 485 February 27, 2023 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%Table2,pg.557 Jul. 1, 1975–Jan. 31, 19769%Table4,pg.559 Feb. 1, 1976–Jan. 31, 19787%Table3,pg.558 Feb. 1, 1978–Jan. 31, 19806%Table2,pg.557 Feb. 1, 1980–Jan. 31, 198212%Table5,pg.560 Feb. 1, 1982–Dec. 31, 198220%Table6,pg.560 Jan. 1, 1983–Jun. 30, 198316%Table37,pg.591 Jul. 1, 1983–Dec. 31, 198311%Table27,pg.581 Jan. 1, 1984–Jun. 30, 198411%Table75,pg.629 Jul. 1, 1984–Dec. 31, 198411%Table75,pg.629 Jan. 1, 1985–Dec. 31, 198513%Table31,pg.585 Jul. 1, 1985–Dec. 31, 198511%Table27,pg.581 Jan. 1, 1986–Jun. 30, 198610%Table25,pg.579 Jul. 1, 1986–Dec. 31, 19869%Table23,pg.577 TABLE OF INTEREST RATES FROM JAN. 1, 1987 – Dec. 31, 1998 OVERPAYMENTSUNDERPAYMENTS 1995-1 C.B.1995-1 C.B. RATE 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 February 27, 2023 486 Bulletin No. 2023–9 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 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 Bulletin No. 2023–9 487 February 27, 2023 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 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 February 27, 2023 488 Bulletin No. 2023–9 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 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 Jan. 1, 2018–Mar. 31, 20184%13567 Apr. 1, 2018–Jun. 30, 20185%15569 Jul. 1, 2018–Sep. 30, 20185%15569 Oct. 1, 2018–Dec. 31, 20185%15569 Jan. 1, 2019–Mar. 31, 20196%17571 Apr. 1, 2019–Jun. 30, 20196%17571 Jul. 1, 2019–Sep. 30, 20195%15569 Oct. 1, 2019–Dec. 31, 20195%15569 Jan. 1, 2020–Mar. 31, 20205%63617 Bulletin No. 2023–9 489 February 27, 2023 Apr. 1, 2020–Jun. 30, 20205%63617 Jul. 1, 2020–Sep. 30, 20203%59613 Oct. 1, 2020–Dec. 31, 20203%59613 Jan. 1, 2021–Mar. 31, 20213%11565 Apr. 1, 2021–Jun. 30, 20213%11565 Jul. 1, 2021–Sep. 30, 20213%11565 Oct. 1, 2021–Dec. 31, 20213%11565 Jan. 1, 2022–Mar. 31, 20223%11565 Apr. 1, 2022–Jun. 30, 20224%13567 Jul. 1, 2022–Sep. 30, 20225%15569 Oct. 1, 2022–Dec. 31, 20226%17571 Jan. 1, 2023–Mar. 31, 20237%19573 Apr. 1, 2023–Jun. 30, 20237%19573 February 27, 2023 490 Bulletin No. 2023–9 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. 30, 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 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 Bulletin No. 2023–9 491 February 27, 2023 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 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 Jan. 1, 2018–Mar. 31, 20183%115654%13567 Apr. 1, 2018–Jun. 30, 20184%135675%15569 Jul. 1, 2018–Sep. 30, 20184%135675%15569 Oct. 1, 2018–Dec. 31, 20184%135675%15569 Jan. 1, 2019–Mar. 31, 20195%155696%17571 Apr. 1, 2019–Jun. 30, 20195%155696%17571 Jul. 1, 2019–Sep. 30, 20194%135675%15569 Oct. 1, 2019–Dec. 31, 20194%135675%15569 Jan. 1, 2020–Mar. 31, 20204%616155%63617 February 27, 2023 492 Bulletin No. 2023–9 Apr. 1, 2020–Jun. 30, 20204%616155%63617 Jul. 1, 2020–Sep. 30, 20202%576113%59613 Oct. 1, 2020–Dec. 31, 20202%576113%59613 Jan. 1, 2021–Mar. 31, 20212%95633%11565 Apr. 1, 2021–Jun. 30, 20212%95633%11565 Jul. 1, 2021–Sep. 30, 20212%95633%11565 Oct. 1, 2021–Dec. 31, 20212%95633%11565 Jan. 1, 2022–Mar. 31, 20222%95633%11565 Apr. 1, 2022–Jun. 30, 20223%115654%13567 Jul. 1, 2022–Sep. 30, 20224%135675%15569 Oct. 1, 2022–Dec. 31, 20225%155696%17571 Jan. 1, 2023–Mar. 31, 20236%175717%19573 Apr. 1, 2023–Jun. 30, 20236%175717%19573 Bulletin No. 2023–9 493 February 27, 2023 TABLE OF INTEREST RATES FOR LARGE CORPORATE UNDERPAYMENTS FROM JANUARY 1, 1991 - PRESENT 1995-1 C.B. RATETABLEPG 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–Jun. 30, 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 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 February 27, 2023 494 Bulletin No. 2023–9 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–Sep. 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 Apr. 1, 2008–Sep. 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 Bulletin No. 2023–9 495 February 27, 2023 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 Jan. 1, 2018–Mar. 31, 20186%17571 Apr. 1, 2018–Jun. 30, 20187%19573 Jul. 1, 2018–Sep. 30, 20187%19573 Oct. 1, 2018–Dec. 31, 20187%19573 Jan. 1, 2019–Mar. 31, 20198%21575 Apr. 1, 2019–Jun. 30, 20198%21575 Jul. 1, 2019–Sep. 30, 20197%19573 Oct. 1, 2019–Dec. 31, 20197%19573 Jan. 1, 2020–Mar. 31, 20207%67621 Apr. 1, 2020–Jun. 30, 20207%67621 Jul. 1, 2020–Sep. 30, 20205%63617 Oct. 1, 2020–Dec. 31, 20205%63617 Jan. 1, 2021–Mar. 31, 20215%15569 Apr. 1, 2021–Jun. 30, 20215%15569 Jul. 1, 2021–Sep. 30, 20215%15569 Oct. 1, 2021–Dec. 31, 20215%15569 Jan. 1, 2022–Mar. 31, 20225%15569 Apr. 1, 2022–Jun. 30, 20226%17571 Jul. 1, 2022–Sep. 30, 20227%19573 Oct. 1, 2022–Dec. 31, 20228%21575 Jan. 1, 2023–Mar. 31, 20239%23577 Apr. 1, 2023–Jun. 30, 20239%23577 February 27, 2023 496 Bulletin No. 2023–9 TABLE OF INTEREST RATES FOR CORPORATE OVERPAYMENTS EXCEEDING $10,000 FROM JANUARY 1, 1995 – PRESENT 1995-1 C.B. RATETABLEPG 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–Sep. 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 Bulletin No. 2023–9 497 February 27, 2023 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 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%* February 27, 2023 498 Bulletin No. 2023–9 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 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 Jan. 1, 2018–Mar. 31, 20181.5%8562 Apr. 1, 2018–Jun. 30, 20182.5%10564 Jul. 1, 2018–Sep. 30, 20182.5%10564 Oct. 1, 2018–Dec. 31, 20182.5%10564 Jan. 1, 2019–Mar. 31, 20193.5%12566 Apr. 1, 2019–Jun. 30, 20193.5%12566 Jul. 1, 2019–Sep. 30, 20192.5%10564 Oct. 1, 2019–Dec. 31, 20192.5%10564 Jan. 1, 2020–Mar. 31, 20202.5%58612 Apr. 1, 2020–Jun. 30, 20202.5%58612 Jul. 1, 2020–Sep. 30, 20200.5%* Oct. 1, 2020–Dec. 31, 20200.5%* Jan. 1, 2021–Mar. 31, 20210.5%* Apr. 1, 2021–Jun. 30, 20210.5%* Jul. 1, 2021–Sep. 30, 20210.5%* Oct. 1, 2021–Dec. 31, 20210.5%* Jan. 1, 2022–Mar. 31, 20220.5%* Apr. 1, 2022–Jun. 30, 20221.5%8562 Jul. 1, 2022–Sep. 30, 20222.5%10564 Oct. 1, 2022–Dec. 31, 20223.5%12566 Jan. 1, 2023–Mar. 31, 20234.5%14568 Apr. 1, 2023–Jun. 30, 20234.5%14568 * 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. 2023–9 499 February 27, 2023 Part IV Announcement of Disciplinary Sanctions From the Office of Professional Responsibility Announcement 2023-05 The Office of Professional Respon- sibility (OPR) announces recent disci- plinary sanctions involving attorneys, cer- tified public accountants, enrolled agents, enrolled actuaries, enrolled retirement plan agents, appraisers, and unenrolled/ unlicensed return preparers (individuals who are not enrolled to practice and are not licensed as attorneys or certified pub- lic accountants). Licensed or enrolled practitioners are subject to the regulations governing practice before the Internal Revenue Service (IRS), which are set out in Title 31, Code of Federal Regulations, Subtitle A, Part 10, and which are released 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. Unenrolled/ unlicensed return preparers are subject to Revenue Procedure 81-38 and supersed- ing guidance in Revenue Procedure 2014- 42, which govern a preparer’s eligibility to represent taxpayers before the IRS in examinations of tax returns the preparer both prepared for the taxpayer and signed as the preparer. Additionally, unenrolled/ unlicensed return preparers who volun- tarily participate in the Annual Filing Sea- son Program under Revenue Procedure 2014-42 agree to be subject to the duties and restrictions in Circular 230, including the restrictions on incompetent or disrep- utable conduct. The disciplinary sanctions to be im- posed for violation of the applicable stan- dards are: Disbarred from practice before the IRS—An individual who is disbarred is not eligible to practice before the IRS as defined at 31 C.F.R. § 10.2(a)(4) for a minimum period of five (5) years. Suspended from practice before the IRS—An individual who is suspended is not eligible to practice before the IRS as defined at 31 C.F.R. § 10.2(a)(4) 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 practice before the IRS, but OPR may subject the individual’s future practice rights to conditions designed to promote high standards of conduct. Monetary penalty—A monetary pen- alty may be imposed on an individual who engages in conduct subject to sanction, or on an employer, firm, or entity if the individual was acting on its behalf and it knew, or reasonably should have known, of the individual’s conduct. 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. Ineligible for limited practice—An unenrolled/unlicensed return preparer who fails to comply with the requirements in Revenue Procedure 81-38 or to comply with Circular 230 as required by Revenue Procedure 2014-42 may be determined in- eligible to engage in limited practice as a representative of any taxpayer. Under the regulations, individuals subject to Circular 230 may not assist, or accept assistance from, individuals who are suspended or disbarred with respect to matters constituting practice (i.e., representation) before the IRS, and they may not aid or abet suspended or disbarred individuals to practice before the IRS. Disciplinary sanctions are described in these terms: Disbarred by decision, Suspended by decision, Censured by decision, Mone- tary penalty imposed by decision, and Disqualified after hearing—An adminis- trative law judge (ALJ) issued a decision imposing one of these sanctions after the ALJ either (1) granted the government’s summary judgment motion or (2) con- ducted an evidentiary hearing upon OPR’s complaint alleging violation of the regu- lations. After 30 days from the issuance of the decision, in the absence of an ap- peal, the ALJ’s decision becomes the final agency decision. Disbarred by default decision, Suspended by default decision, Cen- sured by default decision, Monetary penalty imposed by default decision, and Disqualified by default decision— An ALJ, after finding that no answer to OPR’s complaint was filed, granted OPR’s motion for a default judgment and issued a decision imposing 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, Suspend- ed by consent, Censured by consent, Monetary 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 in- dividual must observe during the suspen- sion; and the individual’s opportunity, after a stated number of months, to file with OPR a petition for reinstatement affirming compliance with the terms of the consent and affirming current fitness and eligibility to practice (i.e., an active professional license or active enrollment status, with no intervening violations of the regulations). Suspended indefinitely by decision in expedited proceeding, Suspended indef- initely by default decision in expedited proceeding, Suspended by consent in expedited proceeding—OPR instituted an expedited proceeding for suspension (based on certain limited grounds, in- cluding loss of a professional license for cause, and criminal convictions). Determined ineligible for limited practice—There has been a final deter- February 27, 2023 500 Bulletin No. 2023–9 mination that an unenrolled/unlicensed return preparer is not eligible for limited representation of any taxpayer because the preparer violated standards of conduct or failed to comply with any of the require- ments to act as a representative. A practitioner who has been disbarred or suspended under 31 C.F.R. § 10.60, or suspended under § 10.82, or a disquali- fied appraiser may petition for reinstate- ment before the IRS after the expiration of 5 years following such disbarment, suspension, or disqualification (or im- mediately following the expiration of the suspension or disqualification period if shorter than 5 years). Reinstatement will not be granted unless the IRS is satisfied that the petitioner is not likely to engage thereafter in conduct contrary to Circular 230, and that granting such reinstatement would not be contrary to the public in- terest. Reinstatement decisions are published at the individual’s request, and described in these terms: Reinstated to practice before the IRS—The individual’s petition for re- instatement has been granted. The agent, and eligible to practice before the IRS, or in the case of an appraiser, the in- dividual is no longer disqualified. Reinstated to engage in limited practice before the IRS—The individ- ual’s petition for reinstatement has been granted. The individual is an unenrolled/ unlicensed return preparer and eligible to engage in limited practice before the IRS, subject to requirements the IRS has pre- scribed for limited practice by tax return preparers. 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 final de- cision; (2) the individual has settled a dis- ciplinary case by signing OPR’s “consent to sanction” agreement admitting to one or more violations of the regulations and consenting to the disclosure of the admit- ted violations (for example, failure to file Federal income tax returns, lack of due diligence, conflict of interest, etc.); (3) OPR has issued a decision in an expedited proceeding for indefinite suspension; or (4) OPR has made a final determination (including any decision on appeal) that an unenrolled/unlicensed return preparer is ineligible to represent any taxpayer before the IRS. Announcements of disciplinary sanc- tions appear in the Internal Revenue Bulletin at the earliest practicable date. The sanctions announced below are al- phabetized first by state and second by the last names of the sanctioned individ- uals. City & State NameProfessional Designation Disciplinary SanctionEffective Date(s) Arizona PhoenixDaughhetee, Cynthia J.C PASuspended by default decision in expedited proceeding under 31 C.F.R. § 10.82(b) Indefinite from November 22, 2022 Nebraska ElkhornPanick, Heather C.AttorneySuspended by decision in expedited proceeding under 31 C.F.R. § 10.82(b) Indefinite from October 19, 2022 Maryland PotomacMensah, Paul T.AttorneySuspended by consent for admitted violations of 31 C.F.R. § 10.51(a) Indefinite from October 4, 2022 Ohio ColumbusMason, Shari L.C PASuspended by default decision in expedited proceeding under 31 C.F.R. § 10.82(b) Indefinite from November 22, 2022 New York Dix HillsGuerra, James G.C PASuspended by consent for admitted violations of 31 C.F.R. § 10.51(a) Indefinite from November 15, 2022 Bulletin No. 2023–9 501 February 27, 2023 Third Six-Year Remedial Amendment Cycle for Pre- approved Defined Benefit Plans: Issuance of Opinion Letters, Plan Adoption Deadline, and Opening of Determination Letter Program Announcement 2023-6 The Internal Revenue Service (IRS) intends to issue opinion letters for pre-ap- proved defined benefit plans that were updated for changes in plan qualification requirements listed in Notice 2020-14, 2020-13 I.R.B. 555 (the 2020 Cumula- tive List) and that were filed with the IRS during the third six-year remedial amend- ment cycle under the remedial amendment cycle system for pre-approved plans es- tablished under Rev. Proc. 2016-37, 2016- 29 I.R.B. 136 (newly approved plans). The IRS expects to issue the letters on February 28, 2023, or, in some cases, as soon as possible thereafter. An employer intending to maintain a pre-approved plan for the third six-year remedial amendment cycle for defined benefit plans must adopt a newly approved plan on or before March 31, 2025. During the period beginning April 1, 2023, and ending March 31, 2025, the IRS will ac- cept an application for an individual deter- mination letter from an adopting employer eligible to submit a determination letter request under the third six-year remedi- al amendment cycle for defined benefit pre-approved plans. Background Rev. Proc. 2016-37 describes a stag- gered remedial amendment system for pre-approved plans that are qualified under § 401(a) of the Internal Revenue Code. The revenue procedure provides separate six-year remedial amendment cy- cles for pre-approved defined benefit and pre-approved defined contribution plans. Section 16 of Rev. Proc. 2016-37 provides that the third six-year remedial amend- ment cycle for pre-approved defined benefit plans ends on January 31, 2025. Section 16 further provides that the IRS may revise the cycle dates to respond to changing circumstances and the needs of plan sponsors and that any such revision will be announced in guidance published in the Internal Revenue Bulletin. Rev. Proc. 2017-41, 2017-29 I.R.B. 92, modifies the pre-approved letter program by combining the former master and pro- totype and volume submitter programs into a single opinion letter program. Under this program, providers of pre-approved plans may continue to apply for new opin- ion letters once every six years. Rev. Proc. 2017-41 sets forth the procedures for pro- viders to obtain opinion letters for qual- ified pre-approved plans submitted with respect to the third (and subsequent) six- year remedial amendment cycles. In order to receive opinion letters with respect to the third six-year remedial amendment cycle, Rev. Proc. 2016-37 and the 2020 Cumulative List require that pro- viders update their pre-approved defined benefit plans for changes in plan qualifi- cation requirements set forth in the 2020 Cumulative List. Rev. Proc. 2016-37 and Rev. Proc. 2017-41 provide that when the review process for a cycle of pre-approved plans has neared completion, the IRS will an- nounce the date by which an adopting em- ployer must adopt a newly approved plan. Depending on the date the review process is completed, an adopting employer will have approximately two years to adopt a newly approved plan and, if otherwise eligible, apply for an individual determi- nation letter. Deadline for Employer Adoption of Newly Approved Plans The end of the third six-year remedial amendment cycle for pre-approved de- fined benefit plans is extended to March 31, 2025. An adopting employer that has a defined benefit plan that is eligible for the six-year remedial amendment cycle system under section 19 of Rev. Proc. 2016-37, and that adopts a newly ap- proved plan on or before March 31, 2025, will be considered to have adopted the plan within the third six-year remedial amendment cycle. Determination Letter Program for Adopters of Newly Approved Plans An adopting employer of a newly ap- proved plan may apply for an individual determination letter (if otherwise eligi- ble) during the period beginning April 1, 2023, and ending March 31, 2025. Additional information regarding indi- vidual determination letter applications for pre-approved plans, including guid- ance on employer eligibility to apply for a determination letter for a pre-approved plan and the requirements for applica- tions filed on Form 5307 (or Form 5300, if applicable), may be found in Rev. Proc. 2023-4, 2023-1 I.R.B. 162, including sections 8, 12, and 13. Paperwork Reduction Act The collection of information con- tained in Rev. Proc. 2017-41 with respect to the pre-approved plan program has been reviewed and approved by the Office of Management and Budget in accordance with the Paperwork Reduction Act (44 U.S.C. 3507) under control number 1545- 1674. Drafting Information The principal author of this announce- ment is Jessica Weinberger of the Office of Associate Chief Counsel (Employee Benefits, Exempt Organizations, and Em- ployment Taxes). For further information regarding this announcement, contact Em- ployee Plans at (513) 975-6319 (not a toll- free number). Bulletin No. 2023–9 i February 27, 2023 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: Amplified describes 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). Clarified is 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 rul- ing is being changed. Distinguished describes a situation where a ruling mentions a previously pub- lished ruling and points out an essential difference between them. Modified is 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 with amplified and clarified, above). Obsoleted describes a previously pub- lished ruling that is not considered deter- minative with respect to future transactions. This term is most commonly used in a ruling that lists previously published rulings 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. Revoked describes situations where the position in the previously published ruling is not correct and the correct position is being stated in a new ruling. Superseded describes 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 period 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, modified and superseded describes 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 previous- ly 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. Supplemented is 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. Suspended is 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 cas- es in litigation, or the outcome of a Ser- vice study. Abbreviations The following abbreviations in current use and formerly used will appear in material 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. February 27, 2023 ii Bulletin No. 2023–9 Numerical Finding List 1 Bulletin 2023–9 Announcements: 2023-2, 2023-2 I.R.B. 344 2023-1, 2023-3 I.R.B. 422 2023-3, 2023-5 I.R.B. 447 2023-4, 2023-7 I.R.B. 470 2023-5, 2023-9 I.R.B. 499 2023-6, 2023-9 I.R.B. 501 Notices: 2023-4, 2023-2 I.R.B. 321 2023-5, 2023-2 I.R.B. 324 2023-6, 2023-2 I.R.B. 328 2023-8, 2023-2 I.R.B. 341 2023-1, 2023-3 I.R.B. 373 2023-2, 2023-3 I.R.B. 374 2023-3, 2023-3 I.R.B. 388 2023-7, 2023-3 I.R.B. 390 2023-9, 2023-3 I.R.B. 402 2023-10, 2023-3 I.R.B. 403 2023-11, 2023-3 I.R.B. 404 2023-12, 2023-6 I.R.B. 450 2023-13, 2023-6 I.R.B. 454 2023-16, 2023-8 I.R.B. 479 Proposed Regulations: REG-100442-22, 2023-3 I.R.B. 423 REG-146537-06, 2023-3 I.R.B. 436 REG-114666-22, 2023-4 I.R.B. 437 Revenue Procedures: 2023-1, 2023-1 I.R.B. 1 2023-2, 2023-1 I.R.B. 120 2023-3, 2023-1 I.R.B. 144 2023-4, 2023-1 I.R.B. 162 2023-5, 2023-1 I.R.B. 265 2023-7, 2023-1 I.R.B. 305 2023-8, 2023-3 I.R.B. 407 2023-10, 2023-3 I.R.B. 411 2023-11, 2023-3 I.R.B. 417 2023-14, 2023-6 I.R.B. 466 2023-9, 2023-7 I.R.B. 471 Revenue Rulings: 2023-1, 2023-2 I.R.B. 309 2023-3, 2023-6 I.R.B. 448 2023-4, 2023-9 I.R.B. 480 Treasury Decisions: 9970, 2023-2 I.R.B. 311 9771, 2023-3 I.R.B. 346 1 A cumulative list of all revenue rulings, revenue procedures, Treasury decisions, etc., published in Internal Revenue Bulletins 2022–27 through 2022–52 is in Internal Revenue Bulletin 2022–52, dated December 27, 2022. Bulletin No. 2023–9 iii February 27, 2023 Finding List of Current Actions on Previously Published Items 1 Bulletin 2023–9 1 A cumulative list of all revenue rulings, revenue procedures, Treasury decisions, etc., published in Internal Revenue Bulletins 2022–27 through 2022–52 is in Internal Revenue Bulletin 2022–52, dated December 27, 2022. Internal Revenue Service Washington, DC 20224 Official Business Penalty for Private Use, $300 INTERNAL REVENUE BULLETIN The Introduction at the beginning of this issue describes the purpose and content of this publication. The weekly Internal Revenue Bulletins are available at www.irs.gov/irb/. 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 Internal Revenue Service, Publishing Division, IRB Publishing Program Desk, 1111 Constitution Ave. NW, IR-6230 Washington, DC 20224.
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