Guidance: Notice that Form 3115 Application for Change in Accounting Method Has Been Revised
Announcement 2010-32 informs taxpayers and practitioners that the IRS has revised Form 3115, Application for Change in Accounting Method, and its instructions. The Form 3115 (Rev. December 2009) replaces the December 2003 version. This announcement also provides a transition period and transition guidance.
Announcement 2010-32 will appear in IRB 2010-19 dated May 10, 2010.
Guidance – Premium Rates for Small Group Market Patient Protection and Affordable Care Act
Revenue Ruling 2010-13 publishes the State average premium rates for the small group market for purposes of calculating the section 45R tax credit for small employers. Section 45R was added to the Code by Section 1421 of the Patient Protection and Affordable Care Act.
Revenue Ruling 2010-13 will be published in Internal Revenue Bulletin 2010-21 on May 24, 2010.
Stacie's Tax Stuff 