Revenue Procedures

Revenue Procedures are published statements regarding the practices and procedures of the Internal Revenue Service (IRS).

Mar 2010 - Revenue Procedure 2010-14 - IRS issues Revenue Procedure for insolvency issues of a Qualified Intermediary

Nov 2008 - Revenue Procedure 2008-16 - Safe harbor for vacations and second homes

Jan 2009 - Revenue Procedure 2007-56 - Clarifies who and which situations are eligible for an extension of 45 and 180 days. (NEED TABLE BUILT)

Nov 2008 - Revenue Procedure 2007-12 - Its main purpose is to add provisions relative to sales of primary residences that were acquired through a 1031 exchange.

Nov 2008 - Revenue Procedure 2005-27 - Provides a list of time-sensitive acts for taxpayer affected by a Presidentially declared disaster, terrorism, or military actions. (NEED TABLES BUILT)

Nov 2008 - Revenue Procedure 2005-14 - Allows non-recognition of gain for like-kind exchanges of homes that have a business use. (NEED TABLES BUILT)

Nov 2008 - Revenue Procedure 2004-51 - Improvements on land previously owned by the taxpayer.

Nov 2008 - Revenue Procedure 2003-39 - Provides safe harbors with respect to programs involving ongoing exchanges of tangible personal property.

Nov 2008 - Revenue Procedure 2003-25 - Provides guidance on certain exceptions to reporting requirements.

Nov 2008 - Revenue Procedure 2002-69 - Provides useful guidance on the classification of qualified entities as well as community property for federal income tax purposes.

Nov 2008 - Revenue Procedure 2002-22 - Supersedes 2000-46. Eligibility of tenant-in-Common (TIC) interests in real estate for 1031 exchanges

Nov 2008 - Revenue Procedure 2000-46 - Intended to address situations where co-ownership interests are prepackaged for sale as replacement properties in 1031 exchanges.

Nov 2008 - Revenue Procedure 2000-37 - Provides guidance on structuring reverse 1031 exchange transactions using a parking arrangement.

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