RP-2015-43, RP-2015-45 & RP-2015-47
Internal Revenue Service (IRS) sent this bulletin at 09/15/2015 09:04 AM EDT
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Issue Number: RP-2015-43, RP-2015-45 & RP-2015-47Inside This IssueRevenue Procedure 2015-43 supplements Rev. Proc. 2015-3, 2015-1 I.R.B. 129, which sets forth areas of the Internal Revenue Code (Code) on which the Internal Revenue Service will not issue letter rulings or determination letters (no-rule areas). The revenue procedure adds to the list of no-rule areas any issue relating to the qualification, under section 355 and related provisions of the Code, of certain distributions in which property becomes the property of a regulated investment company or a real estate investment trust, in which the active business is small relative to other assets, or in which there is a substantial amount of investment assets. Revenue Procedure 2015-45 describes conditions under which the Internal Revenue Service will treat a regulated investment company (RIC) that invests in one or more other RICs as satisfying the asset diversification requirements of section 851(b)(3)(B) (the 25 percent tests) of the Internal Revenue Code. Revenue Procedure 2015-47 sets forth procedures for retirement plan administrators and plan sponsors who are required to file electronically Form 8955-SSA, Annual Registration Statement Identifying Separated Participants With Deferred Vested Benefits, and Form 5500-EZ, Annual Return of One-Participant (Owners and Their Spouses) Retirement Plan, to request a waiver of the electronic filing requirement due to economic hardship.
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