SPECIAL ANNOUNCEMENT

Announcement 2011-69 Announcement 2011-69

This Twenty-Fourth Institution on Current Issues in International Taxation, jointly sponsored by the Internal Revenue Service and the George Washington University Law School, will be held on December 15 and 16, 2011, at the J.W. Marriott Hotel in Washington, D.C.

EMPLOYEE PLANS

Notice 2011-85 Notice 2011-85

This notice announces that the Treasury Department and the Service intend to amend the final regulations under section 411(b)(5) of the Code, which sets forth special rules for statutory hybrid plans (as defined in regulations section 1.411(a)(13)-1(d)), to postpone the effective/applicability date of those provisions of section 1.411(b)(5)-1(d) that apply to plan years beginning on or after January 1, 2012. Section 1.411(b)(5)-1(d) sets forth rules under section 411(b)(5)(B)(i) relating to interest crediting rates under a cash balance or other statutory hybrid plan. Notices 2010-77 and 2010-90 modified.

Rev. Proc. 2011-49 Rev. Proc. 2011-49

This procedure sets forth the procedures of the Service for issuing opinion and advisory letters regarding the acceptability under sections 401 and 403(a) of the Code of the form of pre-approved plans (that is, master and prototype (M&P) and volume submitter (VS) plans). The second six-year remedial amendment cycle for pre-approved defined contribution plans began on February 1, 2011 and ends on January 31, 2017. The Service is accepting opinion and advisory letter applications for pre-approved defined contribution plans for the second six-year remedial amendment cycle. Rev. Proc. 2005-16 modified and superseded. Rev. Procs. 2011-6 and 2011-8 modified.

ADMINISTRATIVE

Rev. Proc. 2011-50 Rev. Proc. 2011-50

This procedure provides specifications for filing Form 1042-S, Foreign Person’s U.S. Source Income Subject to Withholding, Electronically. This procedure will be reproduced as the current revision of Publication 1187. Rev. Proc. 2010-33 superseded.

Rev. Proc. 2011-51 Rev. Proc. 2011-51

This procedure contains revisions to Publication 1239, Specifications for Filing Form 8027, Employer’s Annual Information Return of Tip Income and Allocated Tips, Electronically. Rev. Proc. 2010-37 superseded.