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Treasury Decisions & IRS Announcements

Correction
Rev. Rul. 77-229, 1977-27 I.R.B. 13, contains an error in the first sentence of paragraph six.
Full Text: IRS Announcement 77-140, 1977-39 I.R.B. 52

Information returns: Royalty payments: Timber
For dispositions of timber in 1991 and later, payers are to report payments of timber royalties under a "pay-as-cut" contract on Form 1099-S, Proceeds From Real Estate Transactions.
Full Text: IRS Announcement 90-129, I.R.B. 1990-48

Section 194 - Amortization of Reforestation Expenditures
This document provides temporary regulations for an election under which taxpayers may amortize up to $10,000 of qualified reforestation expenditures over a seven-year period. Changes to the applicable tax law were made by the Recreational Boating Safety and Facilities Improvement Act of 1980 [Pub. L. 96-451, 1980-2 C.B. 485]. These regulations affect taxpayers who make expenditures to pay for planting or seeding areas for forestation or reforestation purposes. In addition, the text of the temporary regulations set forth in this document also serves as part of the text of the proposed regulations cross-referenced in the Notice of Proposed Rulemaking
Full Text: T.D. 7875, 1983-1 C.B. 66

Section 48 - Definitions, Special Rules
This document contains final regulations relating to an election under which taxpayers may amortize up to $10,000 of qualified reforestation expenditures over a seven-year period. Changes to the applicable tax law were made by the Recreational Boating Safety and Facilities Improvement Act of 1980 [Pub. L. 96-451, 1980-2 C.B. 485] and the Subchapter S Revision Act of 1982 [Pub. L. 97-354, 1982-2 C.B. 702]. These regulations provide guidance to taxpayers who make expenditures to pay for planting or seeding areas for forestation or reforestation purposes. In addition, a clerical change is being made to the regulations under section 121 of the Internal Revenue Code of 1954 (Code), relating to the exclusion of gain on the sale of a personal residence.
Full Text: T.D. 7927, 1984-1 C.B. 14

Information reporting: Real estate transactions
This document contains temporary and final regulations relating to the information reporting requirements for real estate transactions contained in section 6045(e). The final regulations supersede 1.6045-3T on the effective date and affect persons required to make returns of information under section 6045(e). The final regulations provide these persons with the guidance necessary to comply with the law.
Full Text: T.D. 8323