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New IRS Notices and Forms

New IRS Notices and Forms
  • A new revision of the Form 656-B booklet, with forms and instructions for submitting an Offer in Compromise (OIC), will be available on IRS.gov in January. The use of earlier versions after Jan. 1 will delay the processing of OIC applications.
  • Notice 2014-78 provides guidance on the corporate bond monthly yield curve, the corresponding spot segment rates, and the 24-month average segment rates.  In addition, this notice provides guidance as to the interest rate on 30-year Treasury securities.
  • Notice 2014-81 establishes the Section 48B Phase III program of the qualifying gasification project program to reallocate the Section 48B Phase I credits that are available for allocation after the conclusion of the Section 48B Phase I program.

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Source:  Internal Revenue Service

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