INCOME TAX

Rev. Rul. 2016–13 Rev. Rul. 2016–13

Federal rates; adjusted federal rates; adjusted federal long-term rate and the long-term exempt rate. For purposes of sections 382, 642, 1274, 1288, and other sections of the Code, tables set forth the rates for June 2016.

Notice 2016–31 Notice 2016–31

Beginning of Construction for Sections 45 and 48. Notice 2016–31 updates prior IRS guidance to reflect the PATH Act extension and modification of the date by which facilities must begin construction. Notice 2016–31 also extends the date by which taxpayers must place a facility in service to satisfy the Continuity Safe Harbor.

EMPLOYEE PLANS

T.D. 9769 T.D. 9769

These final regulations provide guidance on distributions from designated Roth accounts. The guidance removes a rule that had required a direct rollover to an eligible retirement account and a payment to the employee to each receive a proportionate share of the pretax and after-tax amounts in the account.