# Bulletin No. 2022–23 > Briefs, arguments, decisions, and more. URL: https://www.frixlaw.com/law-library/documents/agency%3Airs%3A160d6c54eed4960e ## Record - **Collection:** Agency decision - **Document type:** Agency decision ## Text HIGHLIGHTS OF THIS ISSUE   Bulletin No. 2022–23 June 6, 2022 These synopses are intended only as aids to the reader in identifying the subject matter covered. They may not be relied upon as authoritative interpretations. ADMINISTRATIVE Rev. Rul. 2022-11, page 1159. Interest rates: underpayments and overpayments. The rates for interest determined under Section 6621 of the code for the calendar quarter beginning July 1, 2022, will be 5 percent for overpayments (4 percent in the case of a corporation), 5 percent for underpayments, and 7 percent for large corporate underpayments. The rate of interest paid on the portion of a corporate overpayment exceeding $10,000 will be 2.5 percent. ADMINISTRATIVE, INCOME TAX Notice 2022-28, page 1182. Notice 2022-28 provides guidance under the Internal Revenue Code (Code) to employees and employers using employer leave-based donation programs on the federal income and employment tax treatment of cash payments made by employers under such programs to aid victims of the further invasion of Ukraine by the Russian Federation beginning on February 24, 2022 (further Russian invasion of Ukraine). Under employer leave-based donation programs, employees may elect Finding Lists begin on page ii. to forgo their accumulated leave and employers make cash donations up to the dollar amount of the forgone leave to tax-exempt entities described in section 170(c) of the Code (section 170(c) organizations) that provide aid to victims of the further Russian invasion of Ukraine. EMPLOYEE PLANS Notice 2022-25, page 1178. This notice sets forth updates on the corporate bond monthly yield curve, the corresponding spot segment rates for May 2022 used under § 417(e)(3)(D), the 24-month average segment rates applicable for May 2022, and the 30-year Treasury rates, as reflected by the application of § 430(h)(2)(C)(iv). INCOME TAX Rev. Rul. 2022-10, page 1157. Federal rates; adjusted federal rates; adjusted federal long-term rate, and the long-term tax exempt rate. For purposes of sections 382, 1274, 1288, 7872 and other sections of the Code, tables set forth the rates for June 2022. The IRS Mission Provide America’s taxpayers top-quality service by helping them understand and meet their tax responsibilities and enforce the law with integrity and fairness to all. Introduction The Internal Revenue Bulletin is the authoritative instrument of the Commissioner of Internal Revenue for announcing official rulings and procedures of the Internal Revenue Service and for publishing Treasury Decisions, Executive Orders, Tax Conventions, legislation, court decisions, and other items of general interest. It is published weekly. It is the policy of the Service to publish in the Bulletin all substantive rulings necessary to promote a uniform application of the tax laws, including all rulings that supersede, revoke, modify, or amend any of those previously published in the Bulletin. All published rulings apply retroactively unless otherwise indicated. Procedures relating solely to matters of internal management are not published; however, statements of internal practices and procedures that affect the rights and duties of taxpayers are published. Revenue rulings represent the conclusions of the Service on the application of the law to the pivotal facts stated in the revenue ruling. In those based on positions taken in rulings to taxpayers or technical advice to Service field offices, identifying details and information of a confidential nature are deleted to prevent unwarranted invasions of privacy and to comply with statutory requirements. Rulings and procedures reported in the Bulletin do not have the force and effect of Treasury Department Regulations, but they may be used as precedents. Unpublished rulings will not be relied on, used, or cited as precedents by Service personnel in the disposition of other cases. In applying published rulings and procedures, the effect of subsequent legislation, regulations, court decisions, rulings, and procedures must be considered, and Service personnel and others concerned are cautioned against reaching the same conclusions in other cases unless the facts and circumstances are substantially the same. The Bulletin is divided into four parts as follows: Part I.—1986 Code. This part includes rulings and decisions based on provisions of the Internal Revenue Code of 1986. Part II.—Treaties and Tax Legislation. This part is divided into two subparts as follows: Subpart A, Tax Conventions and Other Related Items, and Subpart B, Legislation and Related Committee Reports. Part III.—Administrative, Procedural, and Miscellaneous. To the extent practicable, pertinent cross references to these subjects are contained in the other Parts and Subparts. Also included in this part are Bank Secrecy Act Administrative Rulings. Bank Secrecy Act Administrative Rulings are issued by the Department of the Treasury’s Office of the Assistant Secretary (Enforcement). Part IV.—Items of General Interest. This part includes notices of proposed rulemakings, disbarment and suspension lists, and announcements. The last Bulletin for each month includes a cumulative index for the matters published during the preceding months. These monthly indexes are cumulated on a semiannual basis, and are published in the last Bulletin of each semiannual period. The contents of this publication are not copyrighted and may be reprinted freely. A citation of the Internal Revenue Bulletin as the source would be appropriate. June 6, 2022  Bulletin No. 2022–23 Part I Section 1274.— Determination of Issue Price in the Case of Certain Debt Instruments Issued for Property (Also Sections 42, 280G, 382, 467, 468, 482, 483, 1288, 7520, 7872.) Rev. Rul. 2022-10 This revenue ruling provides various prescribed rates for federal income Annual AFR 110% AFR 120% AFR 130% AFR 2.21% 2.43% 2.66% 2.88% AFR 110% AFR 120% AFR 130% AFR 150% AFR 175% AFR 2.93% 3.23% 3.52% 3.82% 4.42% 5.15% AFR 110% AFR 120% AFR 130% AFR 3.11% 3.43% 3.74% 4.06% Short-term adjusted AFR Mid-term adjusted AFR Long-term adjusted AFR Bulletin No. 2022–23 tax purposes for June 2022 (the current month). Table 1 contains the shortterm, mid-term, and long-term applicable federal rates (AFR) for the current month for purposes of section 1274(d) of the Internal Revenue Code. Table 2 contains the short-term, mid-term, and long-term adjusted applicable federal rates (adjusted AFR) for the current month for purposes of section 1288(b). Table 3 sets forth the adjusted federal long-term rate and the long-term tax-exempt rate described in section 382(f). Table 4 contains the appropriate percentages for determining the low-income housing credit described in section 42(b)(1) for buildings placed in service during the current month. However, under section 42(b)(2), the applicable percentage for non-federally subsidized new buildings placed in service after July 30, 2008, shall not be less than 9%. Finally, Table 5 contains the federal rate for determining the present value of an annuity, an interest for life or for a term of years, or a remainder or a reversionary interest for purposes of section 7520. REV. RUL. 2022-10 TABLE 1 Applicable Federal Rates (AFR) for June 2022 Period for Compounding Semiannual Quarterly Short-term 2.20% 2.19% 2.42% 2.41% 2.64% 2.63% 2.86% 2.85% Mid-term 2.91% 2.90% 3.20% 3.19% 3.49% 3.47% 3.78% 3.76% 4.37% 4.35% 5.09% 5.06% Long-term 3.09% 3.08% 3.40% 3.39% 3.71% 3.69% 4.02% 4.00% Annual 1.68% 2.22% 2.36% REV. RUL. 2022-10 TABLE 2 Adjusted AFR for June 2022 Period for Compounding Semiannual 1.67% 2.21% 2.35% 1157 Quarterly 1.67% 2.20% 2.34% Monthly 2.19% 2.41% 2.63% 2.84% 2.89% 3.18% 3.46% 3.75% 4.33% 5.04% 3.07% 3.38% 3.68% 3.99% Monthly 1.66% 2.20% 2.34% June 6, 2022 REV. RUL. 2022-10 TABLE 3 Rates Under Section 382 for June 2022 Adjusted federal long-term rate for the current month Long-term tax-exempt rate for ownership changes during the current month (the highest of the adjusted federal long-term rates for the current month and the prior two months.) 2.36% 2.36% REV. RUL. 2022-10 TABLE 4 Appropriate Percentages Under Section 42(b)(1) for June 2022 Note: Under section 42(b)(2), the applicable percentage for non-federally subsidized new buildings placed in service after July 30, 2008, shall not be less than 9%. Appropriate percentage for the 70% present value low-income housing credit 7.70% Appropriate percentage for the 30% present value low-income housing credit 3.30% REV. RUL. 2022-10 TABLE 5 Rate Under Section 7520 for June 2022 Applicable federal rate for determining the present value of an annuity, an interest for life or a term of years, or a remainder or reversionary interest Section 42.—Low-Income Housing Credit The applicable federal short-term, mid-term, and long-term rates are set forth for the month of June 2022. See Rev. Rul. 2022-10, page 1157. Section 280G.—Golden Parachute Payments The applicable federal short-term, mid-term, and long-term rates are set forth for the month of June 2022. See Rev. Rul. 2022-10 page 1157. Section 382.—Limitation on Net Operating Loss Carryforwards and Certain Built-In Losses Following Ownership Change The adjusted applicable federal long-term rate is set forth for the month of June 2022. See Rev. Rul. 2022-10, page 1157. Section 467.—Certain Payments for the Use of Property or Services The applicable federal short-term, mid-term, and long-term rates are set forth for the month of June 2022. See Rev. Rul. 2022-10, page 1157. Section 468.—Special Rules for Mining and Solid Waste Reclamation and Closing Costs The applicable federal short-term rates are set forth for the month of June 2022. See Rev. Rul. 2022-10, page 1157. Section 482.—Allocation of Income and Deductions Among Taxpayers The applicable federal short-term, mid-term, and long-term rates are set forth for the month of June 2022. See Rev. Rul. 2022-10, page 1157. 3.60% Section 483.—Interest on Certain Deferred Payments The applicable federal short-term, mid-term, and long-term rates are set forth for the month of June 2022. See Rev. Rul. 2022-10, page 1157. Section 1288.—Treatment of Original Issue Discount on Tax-Exempt Obligations The adjusted applicable federal short-term, midterm, and long-term rates are set forth for the month of June 2022. See Rev. Rul. 2022-10, page 1157. Section 7520.—Valuation Tables The applicable federal mid-term rates are set forth for the month of June 2022. See Rev. Rul. 2022-10, page 1157. Section 7872.—Treatment of Loans With BelowMarket Interest Rates The applicable federal short-term, mid-term, and long-term rates are set forth for the month of June 2022. See Rev. Rul. 2022-10, page 1157. June 6, 2022 1158 Bulletin No. 2022–23 Section 6621.— Determination of Rate of Interest 26 CFR 301.6621-1: Interest rate. Rev. Rul. 2022-11 Section 6621 of the Internal Revenue Code establishes the interest rates on overpayments and underpayments of tax. Under section 6621(a)(1), the overpayment rate is the sum of the federal short-term rate plus 3 percentage points (2 percentage points in the case of a corporation), except the rate for the portion of a corporate overpayment of tax exceeding $10,000 for a taxable period is the sum of the federal short-term rate plus 0.5 of a percentage point. Under section 6621(a) (2), the underpayment rate is the sum of the federal short-term rate plus 3 percentage points. Section 6621(c) provides that for purposes of interest payable under section 6601 on any large corporate underpayment, the underpayment rate under section 6621(a)(2) is determined by substituting “5 percentage points” for “3 percentage points.” See section 6621(c) and section 301.6621-3 of the Regulations on Procedure and Administration for the definition of a large corporate underpayment and for the rules for determining the applicable date. Section 6621(c) and section 301.6621-3 are generally effective for periods after December 31, 1990. Bulletin No. 2022–23 Section 6621(b)(1) provides that the Secretary will determine the federal shortterm rate for the first month in each calendar quarter. Section 6621(b)(2)(A) provides that the federal short-term rate determined under section 6621(b)(1) for any month applies during the first calendar quarter beginning after that month. Section 6621(b)(3) provides that the federal short-term rate for any month is the federal short-term rate determined during that month by the Secretary in accordance with section 1274(d), rounded to the nearest full percent (or, if a multiple of 1/2 of 1 percent, the rate is increased to the next highest full percent). Notice 88-59, 1988-1 C.B. 546, announced that in determining the quarterly interest rates to be used for overpayments and underpayments of tax under section 6621, the Internal Revenue Service will use the federal short-term rate based on daily compounding because that rate is most consistent with section 6621 which, pursuant to section 6622, is subject to daily compounding. The federal short-term rate determined in accordance with section 1274(d) during April 2022 is the rate published in Revenue Ruling 2022-09, 2022-18 IRB 1041, to take effect beginning May 1, 2022. The federal short-term rate, rounded to the nearest full percent, based on daily compounding determined during the month of April 2022 is 2 percent. Accordingly, an overpayment rate of 5 percent (4 percent in the case of a corporation) and an underpayment rate of 5 percent are established for the calendar quarter beginning July 1, 2022. The overpayment rate for 1159 the portion of a corporate overpayment exceeding $10,000 for the calendar quarter beginning July 1, 2022, is 2.5 percent. The underpayment rate for large corporate underpayments for the calendar quarter beginning July 1, 2022, is 7 percent. These rates apply to amounts bearing interest during that calendar quarter. Sections 6654(a)(1) and 6655(a)(1) provide that the underpayment rate established under section 6621 applies in determining the addition to tax under sections 6654 and 6655 for failure to pay estimated tax for any taxable year. Thus, the 5 percent rate also applies to estimated tax underpayments for the third calendar quarter beginning July 1, 2022. In addition, pursuant to section 6603(d)(4), the rate of interest on section 6603 deposits is 2 percent for the third calendar quarter in 2022. Interest factors for daily compound interest for annual rates of 2.5 percent, 4 percent, 5 percent and 7 percent are published in Tables 10, 13, 15 and 19 of Rev. Proc. 95-17, 1995-1 C.B. 564, 567, 569, and 573. Annual interest rates to be compounded daily pursuant to section 6622 that apply for prior periods are set forth in the tables accompanying this revenue ruling. DRAFTING INFORMATION The principal author of this revenue ruling is Casey R. Conrad of the Office of the Associate Chief Counsel (Procedure and Administration). For further information regarding this revenue ruling, contact Mr. Conrad at (202) 317-6844 (not a tollfree number). June 6, 2022 APPENDIX A Days 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 June 6, 2022 Factor 0.000013699 0.000027397 0.000041096 0.000054796 0.000068495 0.000082195 0.000095894 0.000109594 0.000123294 0.000136995 0.000150695 0.000164396 0.000178097 0.000191798 0.000205499 0.000219201 0.000232902 0.000246604 0.000260306 0.000274008 0.000287711 0.000301413 0.000315116 0.000328819 0.000342522 0.000356225 0.000369929 0.000383633 0.000397336 0.000411041 0.000424745 0.000438449 0.000452154 0.000465859 0.000479564 0.000493269 0.000506974 0.000520680 0.000534386 0.000548092 0.000561798 365 Day Year 0.5% Compound Rate 184 Days Days Factor 63 0.000863380 64 0.000877091 65 0.000890801 66 0.000904512 67 0.000918223 68 0.000931934 69 0.000945646 70 0.000959357 71 0.000973069 72 0.000986781 73 0.001000493 74 0.001014206 75 0.001027918 76 0.001041631 77 0.001055344 78 0.001069057 79 0.001082770 80 0.001096484 81 0.001110197 82 0.001123911 83 0.001137625 84 0.001151339 85 0.001165054 86 0.001178768 87 0.001192483 88 0.001206198 89 0.001219913 90 0.001233629 91 0.001247344 92 0.001261060 93 0.001274776 94 0.001288492 95 0.001302208 96 0.001315925 97 0.001329641 98 0.001343358 99 0.001357075 100 0.001370792 101 0.001384510 102 0.001398227 103 0.001411945 1160 Days 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 158 159 160 161 162 163 164 165 Factor 0.001713784 0.001727506 0.001741228 0.001754951 0.001768673 0.001782396 0.001796119 0.001809843 0.001823566 0.001837290 0.001851013 0.001864737 0.001878462 0.001892186 0.001905910 0.001919635 0.001933360 0.001947085 0.001960811 0.001974536 0.001988262 0.002001988 0.002015714 0.002029440 0.002043166 0.002056893 0.002070620 0.002084347 0.002098074 0.002111801 0.002125529 0.002139257 0.002152985 0.002166713 0.002180441 0.002194169 0.002207898 0.002221627 0.002235356 0.002249085 0.002262815 Bulletin No. 2022–23 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 0.000575504 0.000589211 0.000602917 0.000616624 0.000630331 0.000644039 0.000657746 0.000671454 0.000685161 0.000698869 0.000712578 0.000726286 0.000739995 0.000753703 0.000767412 0.000781121 0.000794831 0.000808540 0.000822250 0.000835960 0.000849670 Bulletin No. 2022–23 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 0.001425663 0.001439381 0.001453100 0.001466818 0.001480537 0.001494256 0.001507975 0.001521694 0.001535414 0.001549133 0.001562853 0.001576573 0.001590293 0.001604014 0.001617734 0.001631455 0.001645176 0.001658897 0.001672619 0.001686340 0.001700062 1161 166 167 168 169 170 171 172 173 174 175 176 177 178 179 180 181 182 183 184 0.002276544 0.002290274 0.002304004 0.002317734 0.002331465 0.002345195 0.002358926 0.002372657 0.002386388 0.002400120 0.002413851 0.002427583 0.002441315 0.002455047 0.002468779 0.002482511 0.002496244 0.002509977 0.002523710 June 6, 2022 Days 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 June 6, 2022 Factor 0.000013661 0.000027323 0.000040984 0.000054646 0.000068308 0.000081970 0.000095632 0.000109295 0.000122958 0.000136620 0.000150283 0.000163947 0.000177610 0.000191274 0.000204938 0.000218602 0.000232266 0.000245930 0.000259595 0.000273260 0.000286924 0.000300590 0.000314255 0.000327920 0.000341586 0.000355252 0.000368918 0.000382584 0.000396251 0.000409917 0.000423584 0.000437251 0.000450918 0.000464586 0.000478253 0.000491921 0.000505589 0.000519257 0.000532925 0.000546594 0.000560262 0.000573931 366 Day Year 0.5% Compound Rate 184 Days Days Factor 63 0.000861020 64 0.000874693 65 0.000888366 66 0.000902040 67 0.000915713 68 0.000929387 69 0.000943061 70 0.000956735 71 0.000970409 72 0.000984084 73 0.000997758 74 0.001011433 75 0.001025108 76 0.001038783 77 0.001052459 78 0.001066134 79 0.001079810 80 0.001093486 81 0.001107162 82 0.001120839 83 0.001134515 84 0.001148192 85 0.001161869 86 0.001175546 87 0.001189223 88 0.001202900 89 0.001216578 90 0.001230256 91 0.001243934 92 0.001257612 93 0.001271291 94 0.001284969 95 0.001298648 96 0.001312327 97 0.001326006 98 0.001339685 99 0.001353365 100 0.001367044 101 0.001380724 102 0.001394404 103 0.001408085 104 0.001421765 1162 Days 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 158 159 160 161 162 163 164 165 166 Factor 0.001709097 0.001722782 0.001736467 0.001750152 0.001763837 0.001777522 0.001791208 0.001804893 0.001818579 0.001832265 0.001845951 0.001859638 0.001873324 0.001887011 0.001900698 0.001914385 0.001928073 0.001941760 0.001955448 0.001969136 0.001982824 0.001996512 0.002010201 0.002023889 0.002037578 0.002051267 0.002064957 0.002078646 0.002092336 0.002106025 0.002119715 0.002133405 0.002147096 0.002160786 0.002174477 0.002188168 0.002201859 0.002215550 0.002229242 0.002242933 0.002256625 0.002270317 Bulletin No. 2022–23 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 0.000587600 0.000601269 0.000614939 0.000628608 0.000642278 0.000655948 0.000669618 0.000683289 0.000696959 0.000710630 0.000724301 0.000737972 0.000751643 0.000765315 0.000778986 0.000792658 0.000806330 0.000820003 0.000833675 0.000847348 Bulletin No. 2022–23 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 0.001435446 0.001449127 0.001462808 0.001476489 0.001490170 0.001503852 0.001517533 0.001531215 0.001544897 0.001558580 0.001572262 0.001585945 0.001599628 0.001613311 0.001626994 0.001640678 0.001654361 0.001668045 0.001681729 0.001695413 1163 167 168 169 170 171 172 173 174 175 176 177 178 179 180 181 182 183 184 0.002284010 0.002297702 0.002311395 0.002325087 0.002338780 0.002352473 0.002366167 0.002379860 0.002393554 0.002407248 0.002420942 0.002434636 0.002448331 0.002462025 0.002475720 0.002489415 0.002503110 0.002516806 June 6, 2022 TABLE OF INTEREST RATES PERIODS BEFORE JUL. 1, 1975 - PERIODS ENDING DEC. 31, 1986 OVERPAYMENTS AND UNDERPAYMENTS PERIOD Before Jul. Feb. Feb. Feb. Feb. Jan. Jul. Jan. Jul. Jan. Jul. Jan. Jul. 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, Jul. 1975–Jan. 1976–Jan. 1978–Jan. 1980–Jan. 1982–Dec. 1983–Jun. 1983–Dec. 1984–Jun. 1984–Dec. 1985–Jun. 1985–Dec. 1986–Jun. 1986–Dec. RATE 1, 31, 31, 31, 31, 31, 30, 31, 30, 31, 30, 31, 30, 31, 1975 1976 1978 1980 1982 1982 1983 1983 1984 1984 1985 1985 1986 1986 6% 9% 7% 6% 12% 20% 16% 11% 11% 11% 13% 11% 10% 9% Table Table Table Table Table Table Table Table Table Table Table Table Table Table In 1995-1 C.B. DAILY RATE TABLE 2, pg. 4, pg. 3, pg. 2, pg. 5, pg. 6, pg. 37, pg. 27, pg. 75, pg. 75, pg. 31, pg. 27, pg. 25, pg. 23, pg. 557 559 558 557 560 560 591 581 629 629 585 581 579 577 TABLE OF INTEREST RATES FROM JAN. 1, 1987 – Dec. 31, 1998 Jan. Apr. Jul. Oct. Jan. Apr. Jul. Oct. Jan. Apr. Jul. Oct. Jan. Apr. Jul. Oct. Jan. Apr. 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, June 6, 2022 1987–Mar. 1987–Jun. 1987–Sep. 1987–Dec. 1988–Mar. 1988–Jun. 1988–Sep. 1988–Dec. 1989–Mar. 1989–Jun. 1989–Sep. 1989–Dec. 1990–Mar. 1990–Jun. 1990–Sep. 1990–Dec. 1991–Mar. 1991–Jun. 31, 30, 30, 31, 31, 30, 30, 31, 31, 30, 30, 31, 31, 30, 30, 31, 31, 30, 1987 1987 1987 1987 1988 1988 1988 1988 1989 1989 1989 1989 1990 1990 1990 1990 1991 1991 RATE 8% 8% 8% 9% 10% 9% 9% 10% 10% 11% 11% 10% 10% 10% 10% 10% 10% 9% 1164 OVERPAYMENTS 1995-1 C.B. TABLE PG 21 575 21 575 21 575 23 577 73 627 71 625 71 625 73 627 25 579 27 581 27 581 25 579 25 579 25 579 25 579 25 579 25 579 23 577 UNDERPAYMENTS 1995-1 C.B. RATE RATE TABLE PG 9% 23 577 9% 23 577 9% 23 577 10% 25 579 11% 75 629 10% 73 627 10% 73 627 11% 75 629 11% 27 581 12% 29 583 12% 29 583 11% 27 581 11% 27 581 11% 27 581 11% 27 581 11% 27 581 11% 27 581 10% 25 579 Bulletin No. 2022–23 Jul. Oct. Jan. Apr. Jul. Oct. Jan. Apr. Jul. Oct. Jan. Apr. Jul. Oct. Jan. Apr. Jul. Oct. Jan. Apr. Jul. Oct. Jan. Apr. Jul. Oct. Jan. Apr. Jul. Oct. 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1991–Sep. 1991–Dec. 1992–Mar. 1992–Jun. 1992–Sep. 1992–Dec. 1993–Mar. 1993–Jun. 1993–Sep. 1993–Dec. 1994–Mar. 1994–Jun. 1994–Sep. 1994–Dec. 1995–Mar. 1995–Jun. 1995–Sep. 1995–Dec. 1996–Mar. 1996–Jun. 1996–Sep. 1996–Dec. 1997–Mar. 1997–Jun. 1997–Sep. 1997–Dec. 1998–Mar. 1998–Jun. 1998–Sep. 1998–Dec. Bulletin No. 2022–23 30, 31, 31, 30, 30, 31, 31, 30, 30, 31, 31, 30, 30, 31, 31, 30, 30, 31, 31, 30, 30, 31, 31, 30, 30, 31, 31, 30, 30, 31, 1991 1991 1992 1992 1992 1992 1993 1993 1993 1993 1994 1994 1994 1994 1995 1995 1995 1995 1996 1996 1996 1996 1997 1997 1997 1997 1998 1998 1998 1998 9% 9% 8% 7% 7% 6% 6% 6% 6% 6% 6% 6% 7% 8% 8% 9% 8% 8% 8% 7% 8% 8% 8% 8% 8% 8% 8% 7% 7% 7% 1165 23 23 69 67 67 65 17 17 17 17 17 17 19 21 21 23 21 21 69 67 69 69 21 21 21 21 21 19 19 19 577 577 623 621 621 619 571 571 571 571 571 571 573 575 575 577 575 575 623 621 623 623 575 575 575 575 575 573 573 573 10% 10% 9% 8% 8% 7% 7% 7% 7% 7% 7% 7% 8% 9% 9% 10% 9% 9% 9% 8% 9% 9% 9% 9% 9% 9% 9% 8% 8% 8% 25 25 71 69 69 67 19 19 19 19 19 19 21 23 23 25 23 23 71 69 71 71 23 23 23 23 23 21 21 21 579 579 625 623 623 621 573 573 573 573 573 573 575 577 577 579 577 577 625 623 625 625 577 577 577 577 577 575 575 575 June 6, 2022 TABLE OF INTEREST RATES FROM JANUARY 1, 1999 - PRESENT NONCORPORATE OVERPAYMENTS AND UNDERPAYMENTS 1995-1 C.B. Jan. Apr. Jul. Oct. Jan. Apr. Jul. Oct. Jan. Apr. Jul. Oct. Jan. Apr. Jul. Oct. Jan. Apr. Jul. Oct. Jan. Apr. Jul. Oct. Jan. Apr. Jul. Oct. Jan. Apr. Jul. Oct. Jan. Apr. Jul. Oct. Jan. Apr. Jul. Oct. June 6, 2022 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1999–Mar. 1999–Jun. 1999–Sep. 1999–Dec. 2000–Mar. 2000–Jun. 2000–Sep. 2000–Dec. 2001–Mar. 2001–Jun. 2001–Sep. 2001–Dec. 2002–Mar. 2002–Jun. 2002–Sep. 2002–Dec. 2003–Mar. 2003–Jun. 2003–Sep. 2003–Dec. 2004–Mar. 2004–Jun. 2004–Sep. 2004–Dec. 2005–Mar. 2005–Jun. 2005–Sep. 2005–Dec. 2006–Mar. 2006–Jun. 2006–Sep. 2006–Dec. 2007–Mar. 2007–Jun. 2007–Sep. 2007–Dec. 2008–Mar. 2008–Jun. 2008–Sep. 2008–Dec. 31, 30, 30, 31, 31, 30, 30, 31, 31, 30, 30, 31, 31, 30, 30, 31, 31, 30, 30, 31, 31, 30, 30, 31, 31, 30, 30, 31, 31, 30, 30, 31, 31, 30, 30, 31, 31, 30, 30, 31, 1999 1999 1999 1999 2000 2000 2000 2000 2001 2001 2001 2001 2002 2002 2002 2002 2003 2003 2003 2003 2004 2004 2004 2004 2005 2005 2005 2005 2006 2006 2006 2006 2007 2007 2007 2007 2008 2008 2008 2008 1166 RATE 7% 8% 8% 8% 8% 9% 9% 9% 9% 8% 7% 7% 6% 6% 6% 6% 5% 5% 5% 4% 4% 5% 4% 5% 5% 6% 6% 7% 7% 7% 8% 8% 8% 8% 8% 8% 7% 6% 5% 6% TABLE 19 21 21 21 69 71 71 71 23 21 19 19 17 17 17 17 15 15 15 13 61 63 61 63 15 17 17 19 19 19 21 21 21 21 21 21 67 65 63 65 PAGE 573 575 575 575 623 625 625 625 577 575 573 573 571 571 571 571 569 569 569 567 615 617 615 617 569 571 571 573 573 573 575 575 575 575 575 575 621 619 617 619 Bulletin No. 2022–23 Jan. Apr. Jul. Oct. Jan. Apr. Jul. Oct. Jan. Apr. Jul. Oct. Jan. Apr. Jul. Oct. Jan. Apr. Jul. Oct. Jan. Apr. Jul. Oct. Jan. Apr. Jul. Oct. Jan. Apr. Jul. Oct. Jan. Apr. Jul. Oct. Jan. Apr. Jul. Oct. Jan. Apr. Jul. Oct. Jan. 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1. 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, Bulletin No. 2022–23 2009–Mar. 2009–Jun. 2009–Sep. 2009–Dec. 2010–Mar. 2010–Jun. 2010–Sep. 2010–Dec. 2011–Mar. 2011–Jun. 2011–Sep. 2011–Dec. 2012–Mar. 2012–Jun. 2012–Sep. 2012–Dec. 2013–Mar. 2013–Jun. 2013–Sep. 2013–Dec. 2014–Mar. 2014–Jun. 2014–Sep. 2014–Dec. 2015–Mar. 2015–Jun. 2015–Sep. 2015–Dec. 2016–Mar. 2016–Jun. 2016–Sep. 2016–Dec. 2017–Mar. 2017–Jun. 2017–Sep. 2017–Dec. 2018–Mar. 2018–Jun. 2018–Sep. 2018–Dec. 2019–Mar. 2019–Jun. 2019–Sep. 2019–Dec. 2020–Mar. 31, 30, 30, 31, 31, 30, 30, 31, 31, 30, 30, 31, 31, 30, 30, 31, 31, 30, 30, 31, 31, 30, 30, 31, 31, 30, 30, 31, 31, 30, 30, 31, 31, 30, 30, 31, 31, 30, 30, 31, 31, 30, 30, 31, 31, 2009 2009 2009 2009 2010 2010 2010 2010 2011 2011 2011 2011 2012 2012 2012 2012 2013 2013 2013 2013 2014 2014 2014 2014 2015 2015 2015 2015 2016 2016 2016 2016 2017 2017 2017 2017 2018 2018 2018 2018 2019 2019 2019 2019 2020 1167 5% 4% 4% 4% 4% 4% 4% 4% 3% 4% 4% 3% 3% 3% 3% 3% 3% 3% 3% 3% 3% 3% 3% 3% 3% 3% 3% 3% 3% 4% 4% 4% 4% 4% 4% 4% 4% 5% 5% 5% 6% 6% 5% 5% 5% 15 13 13 13 13 13 13 13 11 13 13 11 59 59 59 59 11 11 11 11 11 11 11 11 11 11 11 11 59 61 61 61 13 13 13 13 13 15 15 15 17 17 15 15 63 569 567 567 567 567 567 567 567 565 567 567 565 613 613 613 613 565 565 565 565 565 565 565 565 565 565 565 565 613 615 615 615 567 567 567 567 567 569 569 569 571 571 569 569 617 June 6, 2022 Apr. Jul. Oct. Jan. Apr. Jul. Oct. Jan. Apr. Jul. June 6, 2022 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 2020–Jun. 2020–Sep. 2020–Dec. 2021–Mar. 2021–Jun. 2021–Sep. 2021–Dec. 2022–Mar. 2022–Jun. 2022–Sep. 30, 30, 31, 31, 30, 30, 31, 31, 30, 30, 2020 2020 2020 2021 2021 2021 2021 2022 2022 2022 1168 5% 3% 3% 3% 3% 3% 3% 3% 4% 5% 63 59 59 11 11 11 11 11 13 15 617 613 613 565 565 565 565 565 567 569 Bulletin No. 2022–23 TABLE OF INTEREST RATES FROM JANUARY 1, 1999 - PRESENT CORPORATE OVERPAYMENTS AND UNDERPAYMENTS Jan. Apr. Jul. Oct. Jan. Apr. Jul. Oct. Jan. Apr. Jul. Oct. Jan. Apr. Jul. Oct. Jan. Apr. Jul. Oct. Jan. Apr. Jul. Oct. Jan. Apr. Jul. Oct. Jan. Apr. Jul. Oct. Jan. Apr. Jul. Oct. Jan. Apr. Jul. Oct. 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1999–Mar. 1999–Jun. 1999–Sep. 1999–Dec. 2000–Mar. 2000–Jun. 2000–Sep. 2000–Dec. 2001–Mar. 2001–Jun. 2001–Sep. 2001–Dec. 2002–Mar. 2002–Jun. 2002–Sep. 2002–Dec. 2003–Mar. 2003–Jun. 2003–Sep. 2003–Dec. 2004–Mar. 2004–Jun. 2004–Sep. 2004–Dec. 2005–Mar. 2005–Jun. 2005–Sep. 2005–Dec. 2006–Mar. 2006–Jun. 2006–Sep. 2006–Dec. 2007–Mar. 2007–Jun. 2007–Sep. 2007–Dec. 2008–Mar. 2008–Jun. 2008–Sep. 2008–Dec. Bulletin No. 2022–23 31, 30, 30, 31, 31, 30, 30, 31, 31, 30, 30, 31, 31, 30, 30, 31, 31, 30, 30, 31, 31, 30, 30, 31, 31, 30, 30, 31, 31, 30, 30, 31, 31, 30, 30, 31, 31, 30, 30, 31, 1999 1999 1999 1999 2000 2000 2000 2000 2001 2001 2001 2001 2002 2002 2002 2002 2003 2003 2003 2003 2004 2004 2004 2004 2005 2005 2005 2005 2006 2006 2006 2006 2007 2007 2007 2007 2008 2008 2008 2008 OVERPAYMENTS 1995-1 C.B. RATE TABLE PG 6% 17 571 7% 19 573 7% 19 573 7% 19 573 7% 67 621 8% 69 623 8% 69 623 8% 69 623 8% 21 575 7% 19 573 6% 17 571 6% 17 571 5% 15 569 5% 15 569 5% 15 569 5% 15 569 4% 13 567 4% 13 567 4% 13 567 3% 11 565 3% 59 613 4% 61 615 3% 59 613 4% 61 615 4% 13 567 5% 15 569 5% 15 569 6% 17 571 6% 17 571 6% 17 571 7% 19 573 7% 19 573 7% 19 573 7% 19 573 7% 19 573 7% 19 573 6% 65 619 5% 63 617 4% 61 615 5% 63 617 1169 UNDERPAYMENTS 1995-1 C.B. RATE TABLE PG 7% 19 573 8% 21 575 8% 21 575 8% 21 575 8% 69 623 9% 71 625 9% 71 625 9% 71 625 9% 23 577 8% 21 575 7% 19 573 7% 19 573 6% 17 571 6% 17 571 6% 17 571 6% 17 571 5% 15 569 5% 15 569 5% 15 569 4% 13 567 4% 61 615 5% 63 617 4% 61 615 5% 63 617 5% 15 569 6% 17 571 6% 17 571 7% 19 573 7% 19 573 7% 19 573 8% 21 575 8% 21 575 8% 21 575 8% 21 575 8% 21 575 8% 21 575 7% 67 621 6% 65 619 5% 63 617 6% 65 619 June 6, 2022 Jan. Apr. Jul. Oct. Jan. Apr. Jul. Oct. Jan. Apr. Jul. Oct. Jan. Apr. Jul. Oct. Jan. Apr. Jul. Oct. Jan. Apr. Jul. Oct. Jan. Apr. Jul. Oct. Jan. Apr. Jul. Oct. Jan. Apr. Jul. Oct. Jan. Apr. Jul. Oct. Jan. Apr. Jul. Oct. Jan. 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, June 6, 2022 2009–Mar. 2009–Jun. 2009–Sep. 2009–Dec. 2010–Mar. 2010–Jun. 2010–Sep. 2010–Dec. 2011–Mar. 2011–Jun. 2011–Sep. 2011–Dec. 2012–Mar. 2012–Jun. 2012–Sep. 2012–Dec. 2013–Mar. 2013–Jun. 2013–Sep. 2013–Dec. 2014–Mar. 2014–Jun. 2014–Sep. 2014–Dec. 2015–Mar. 2015–Jun. 2015–Sep. 2015–Dec. 2016–Mar. 2016–Jun. 2016–Sep. 2016–Dec. 2017–Mar. 2017–Jun. 2017–Sep. 2017–Dec. 2018–Mar. 2018–Jun. 2018–Sep. 2018–Dec. 2019–Mar. 2019–Jun. 2019–Sep. 2019–Dec. 2020–Mar. 31, 30, 30, 31, 31, 30, 30, 31, 31, 30, 30, 31, 31, 30, 30, 31, 31, 30, 30, 31, 31, 30, 30, 31, 31, 30, 30, 31, 31, 30, 30, 31, 31, 30, 30, 31,, 31, 30, 30, 31, 31, 30, 30, 31, 31, 2009 2009 2009 2009 2010 2010 2010 2010 2011 2011 2011 2011 2012 2012 2012 2012 2013 2013 2013 2013 2014 2014 2014 2014 2015 2015 2015 2015 2016 2016 2016 2016 2017 2017 2017 2017 2018 2018 2018 2018 2019 2019 2019 2019 2020 4% 3% 3% 3% 3% 3% 3% 3% 2% 3% 3% 2% 2% 2% 2% 2% 2% 2% 2% 2% 2% 2% 2% 2% 2% 2% 2% 2% 2% 3% 3% 3% 3% 3% 3% 3% 3% 4% 4% 4% 5% 5% 4% 4% 4% 1170 13 11 11 11 11 11 11 11 9 11 11 9 57 57 57 57 9 9 9 9 9 9 9 9 9 9 9 9 57 59 59 59 11 11 11 11 11 13 13 13 15 15 13 13 61 567 565 565 565 565 565 565 565 563 565 565 563 611 611 611 611 563 563 563 563 563 563 563 563 563 563 563 563 611 613 613 613 565 565 565 565 565 567 567 567 569 569 567 567 615 5% 4% 4% 4% 4% 4% 4% 4% 3% 4% 4% 3% 3% 3% 3% 3% 3% 3% 3% 3% 3% 3% 3% 3% 3% 3% 3% 3% 3% 4% 4% 4% 4% 4% 4% 4% 4% 5% 5% 5% 6% 6% 5% 5% 5% 15 13 13 13 13 13 13 13 11 13 13 11 59 59 59 59 11 11 11 11 11 11 11 11 11 11 11 11 59 61 61 61 13 13 13 13 13 15 15 15 17 17 15 15 63 569 567 567 567 567 567 567 567 565 567 567 565 613 613 613 613 565 565 565 565 565 565 565 565 565 565 565 565 613 615 615 615 567 567 567 567 567 569 569 569 571 571 569 569 617 Bulletin No. 2022–23 Apr. Jul. Oct. Jan. Apr. Jul. Oct. Jan. Apr. Jul. 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 2020–Jun. 2020–Sep. 2020–Dec. 2021–Mar. 2021–Jun. 2021–Sep. 2021–Dec. 2022–Mar. 2022–Jun. 2022–Sep. Bulletin No. 2022–23 30, 30, 31, 31, 30, 30, 31, 31, 30, 30, 2020 2020 2020 2021 2021 2021 2021 2022 2022 2022 4% 2% 2% 2% 2% 2% 2% 2% 3% 4% 1171 61 57 57 9 9 9 9 9 11 13 615 611 611 563 563 563 563 563 565 567 5% 3% 3% 3% 3% 3% 3% 3% 4% 5% 63 59 59 11 11 11 11 11 13 15 617 613 613 565 565 565 565 565 567 569 June 6, 2022 TABLE OF INTEREST RATES FOR LARGE CORPORATE UNDERPAYMENTS FROM JANUARY 1, 1991 - PRESENT Jan. Apr. Jul. Oct. Jan. Apr. Jul. Oct. Jan. Apr. Jul. Oct. Jan. Apr. Jul. Oct. Jan. Apr. Jul. Oct. Jan. Apr. Jul. Oct. Jan. Apr. Jul. Oct. Jan. Apr. Jul. Oct. Jan. Apr. Jul. Oct. Jan. Apr. Jul. Oct. Jan. June 6, 2022 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1991–Mar. 1991–Jun. 1991–Sep. 1991–Dec. 1992–Mar. 1992–Jun. 1992–Sep. 1992–Dec. 1993–Mar. 1993–Jun. 1993–Sep. 1993–Dec. 1994–Mar. 1994–Jun. 1994–Sep. 1994–Dec. 1995–Mar. 1995–Jun. 1995–Sep. 1995–Dec. 1996–Mar. 1996–Jun. 1996–Sep. 1996–Dec. 1997–Mar. 1997–Jun. 1997–Sep. 1997–Dec. 1998–Mar. 1998–Jun. 1998–Sep. 1998–Dec. 1999–Mar. 1999–Jun. 1999–Sep. 1999–Dec. 2000–Mar. 2000–Jun. 2000–Sep. 2000–Dec. 2001–Mar. 31, 30, 30, 31, 31, 30, 30, 31, 31, 30, 30, 31, 31, 30, 30, 31, 31, 30, 30, 31, 31, 30, 30, 31, 31, 30, 30, 31, 31, 30, 30, 31, 31, 30, 30, 31, 31, 30, 30, 31, 31, 1991 1991 1991 1991 1992 1992 1992 1992 1993 1993 1993 1993 1994 1994 1994 1994 1995 1995 1995 1995 1996 1996 1996 1996 1997 1997 1997 1997 1998 1998 1998 1998 1999 1999 1999 1999 2000 2000 2000 2000 2001 1172 RATE 13% 12% 12% 12% 11% 10% 10% 9% 9% 9% 9% 9% 9% 9% 10% 11% 11% 12% 11% 11% 11% 10% 11% 11% 11% 11% 11% 11% 11% 10% 10% 10% 9% 10% 10% 10% 10% 11% 11% 11% 11% 1995-1 C.B. TABLE 31 29 29 29 75 73 73 71 23 23 23 23 23 23 25 27 27 29 27 27 75 73 75 75 27 27 27 27 27 25 25 25 23 25 25 25 73 75 75 75 27 PG 585 583 583 583 629 627 627 625 577 577 577 577 577 577 579 581 581 583 581 581 629 627 629 629 581 581 581 581 581 579 579 579 577 579 579 579 627 629 629 629 581 Bulletin No. 2022–23 Apr. Jul. Oct. Jan. Apr. Jul. Oct. Jan. Apr. Jul. Oct. Jan. Apr. Jul. Oct. Jan. Apr. Jul. Oct. Jan. Apr. Jul. Oct. Jan. Apr. Jul. Oct. Jan. Apr. Jul. Oct. Jan. Apr. Jul. Oct. Jan. Apr. Jul. Oct. Jan. Apr. Jul. Oct. Jan. Apr. 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, Bulletin No. 2022–23 2001–Jun. 2001–Sep. 2001–Dec. 2002–Mar. 2002–Jun. 2002–Sep. 2002–Dec. 2003–Mar. 2003–Jun. 2003–Sep. 2003–Dec. 2004–Mar. 2004–Jun. 2004–Sep. 2004–Dec. 2005–Mar. 2005–Jun. 2005–Sep. 2005–Dec. 2006–Mar. 2006–Jun. 2006–Sep. 2006–Dec. 2007–Mar. 2007–Jun. 2007–Sep. 2007–Dec. 2008–Mar. 2008–Jun. 2008–Sep. 2008–Dec. 2009–Mar. 2009–Jun. 2009–Sep. 2009–Dec. 2010–Mar. 2010–Jun. 2010–Sep. 2010–Dec. 2011–Mar. 2011–Jun. 2011–Sep. 2011–Dec. 2012–Mar. 2012–Jun. 30, 30, 31, 31, 30, 30, 31, 31, 30, 30, 31, 31, 30, 30, 31, 31, 30, 30, 31, 31, 30, 30, 31, 31, 30, 30, 31, 31, 30, 30, 31, 31, 30, 30, 31, 31, 30, 30, 31, 31, 30, 30, 31, 31, 30, 2001 2001 2001 2002 2002 2002 2002 2003 2003 2003 2003 2004 2004 2004 2004 2005 2005 2005 2005 2006 2006 2006 2006 2007 2007 2007 2007 2008 2008 2008 2008 2009 2009 2009 2009 2010 2010 2010 2010 2011 2011 2011 2011 2012 2012 1173 10% 9% 9% 8% 8% 8% 8% 7% 7% 7% 6% 6% 7% 6% 7% 7% 8% 8% 9% 9% 9% 10% 10% 10% 10% 10% 10% 9% 8% 7% 8% 7% 6% 6% 6% 6% 6% 6% 6% 5% 6% 6% 5% 5% 5% 25 23 23 21 21 21 21 19 19 19 17 65 67 65 67 19 21 21 23 23 23 25 25 25 25 25 25 71 69 67 69 19 17 17 17 17 17 17 17 15 17 17 15 63 63 579 577 577 575 575 575 575 573 573 573 571 619 621 619 621 573 575 575 577 577 577 579 579 579 579 579 579 625 623 621 623 573 571 571 571 571 571 571 571 569 571 571 569 617 617 June 6, 2022 Jul. Oct. Jan. Apr. Jul. Oct. Jan. Apr. Jul. Oct. Jan. Apr. Jul. Oct. Jan. Apr. Jul. Oct. Jan. Apr. Jul. Oct. Jan. Apr. Jul. Oct. Jan. Apr. Jul. Oct. Jan. Apr. Jul. Oct. Jan. Apr. Jul. Oct. Jan. Apr. Jul. June 6, 2022 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 1, 2012–Sep. 2012–Dec. 2013–Mar. 2013–Jun. 2013–Sep. 2013–Dec. 2014–Mar. 2014–Jun. 2014–Sep. 2014–Dec. 2015–Mar. 2015–Jun. 2015–Sep. 2015–Dec. 2016–Mar. 2016–Jun. 2016–Sep. 2016–Dec. 2017–Mar. 2017–Jun. 2017–Sep. 2017–Dec. 2018–Mar. 2018–Jun. 2018–Sep. 2018–Dec. 2019–Mar. 2019–Jun. 2019–Sep. 2019–Dec. 2020–Mar. 2020–Jun. 2020–Sep. 2020–Dec. 2021–Mar. 2021–Jun. 2021–Sep. 2021–Dec. 2022–Mar. 2022–Jun. 2022–Sep. 30, 31, 31, 30, 30, 31, 31, 30, 30, 31, 31, 30, 30, 31, 31, 30, 30, 31, 31, 30, 30, 31, 31, 30, 30, 31, 31, 30, 30, 31, 31, 30, 30, 31, 31, 30, 30, 31, 31, 30, 30, 2012 2012 2013 2013 2013 2013 2014 2014 2014 2014 2015 2015 2015 2015 2016 2016 2016 2016 2017 2017 2017 2017 2018 2018 2018 2018 2019 2019 2019 2019 2020 2020 2020 2020 2021 2021 2021 2021 2022 2022 2022 1174 5% 5% 5% 5% 5% 5% 5% 5% 5% 5% 5% 5% 5% 5% 5% 6% 6% 6% 6% 6% 6% 6% 6% 7% 7% 7% 8% 8% 7% 7% 7% 7% 5% 5% 5% 5% 5% 5% 5% 6% 7% 63 63 15 15 15 15 15 15 15 15 15 15 15 15 63 65 65 65 17 17 17 17 17 19 19 19 21 21 19 19 67 67 63 63 15 15 15 15 15 17 19 617 617 569 569 569 569 569 569 569 569 569 569 569 569 617 619 619 619 571 571 571 571 571 573 573 573 575 575 573 573 621 621 617 617 569 569 569 569 569 571 573 Bulletin No. 2022–23 TABLE OF INTEREST RATES FOR CORPORATE OVERPAYMENTS EXCEEDING $10,000 FROM JANUARY 1, 1995 – PRESENT 1995-1 C.B. RATE TABLE PG Jan. 1, 1995–Mar. 31, 1995 6.5% 18 572 Apr. 1, 1995–Jun. 30, 1995 7.5% 20 574 Jul. 1, 1995–Sep. 30, 1995 6.5% 18 572 Oct. 1, 1995–Dec. 31, 1995 6.5% 18 572 Jan. 1, 1996–Mar. 31, 1996 6.5% 66 620 Apr. 1, 1996–Jun. 30, 1996 5.5% 64 618 Jul. 1, 1996–Sep. 30, 1996 6.5% 66 620 Oct. 1, 1996–Dec. 31, 1996 6.5% 66 620 Jan. 1, 1997–Mar. 31, 1997 6.5% 18 572 Apr. 1, 1997–Jun. 30, 1997 6.5% 18 572 Jul. 1, 1997–Sep. 30, 1997 6.5% 18 572 Oct. 1, 1997–Dec. 31, 1997 6.5% 18 572 Jan. 1, 1998–Mar. 31, 1998 6.5% 18 572 Apr. 1, 1998–Jun. 30, 1998 5.5% 16 570 Jul. 1. 1998–Sep. 30, 1998 5.5% 16 570 Oct. 1, 1998–Dec. 31, 1998 5.5% 16 570 Jan. 1, 1999–Mar. 31, 1999 4.5% 14 568 Apr. 1, 1999–Jun. 30, 1999 5.5% 16 570 Jul. 1, 1999–Sep. 30, 1999 5.5% 16 570 Oct. 1, 1999–Dec. 31, 1999 5.5% 16 570 Jan. 1, 2000–Mar. 31, 2000 5.5% 64 618 Apr. 1, 2000–Jun. 30, 2000 6.5% 66 620 Jul. 1, 2000–Sep. 30, 2000 6.5% 66 620 Oct. 1, 2000–Dec. 31, 2000 6.5% 66 620 Jan. 1, 2001–Mar. 31, 2001 6.5% 18 572 Apr. 1, 2001–Jun. 30, 2001 5.5% 16 570 Jul. 1, 2001–Sep. 30, 2001 4.5% 14 568 Oct. 1, 2001–Dec. 31, 2001 4.5% 14 568 Jan. 1, 2002–Mar. 31, 2002 3.5% 12 566 Apr. 1, 2002–Jun. 30, 2002 3.5% 12 566 Jul. 1, 2002–Sep. 30, 2002 3.5% 12 566 Oct. 1, 2002–Dec. 31, 2002 3.5% 12 566 Jan. 1, 2003–Mar. 31, 2003 2.5% 10 564 Apr. 1, 2003–Jun. 30, 2003 2.5% 10 564 Jul. 1, 2003–Sep. 30, 2003 2.5% 10 564 Oct. 1, 2003–Dec. 31, 2003 1.5% 8 562 Jan. 1, 2004–Mar. 31, 2004 1.5% 56 610 Apr. 1, 2004–Jun. 30, 2004 2.5% 58 612 Bulletin No. 2022–23 1175 June 6, 2022 Jul. 1, 2004–Sep. 30, 2004 1.5% 56 610 Oct. 1, 2004–Dec. 31, 2004 2.5% 58 612 Jan. 1, 2005–Mar. 31, 2005 2.5% 10 564 Apr. 1, 2005–Jun. 30, 2005 3.5% 12 566 Jul. 1, 2005–Sep. 30, 2005 3.5% 12 566 Oct. 1, 2005–Dec. 31, 2005 4.5% 14 568 Jan. 1, 2006–Mar. 31, 2006 4.5% 14 568 Apr. 1, 2006–Jun. 30, 2006 4.5% 14 568 Jul. 1, 2006–Sep. 30, 2006 5.5% 16 570 Oct. 1, 2006–Dec. 31, 2006 5.5% 16 570 Jan. 1, 2007–Mar. 31, 2007 5.5% 16 570 Apr. 1, 2007–Jun. 30, 2007 5.5% 16 570 Jul. 1, 2007–Sep. 30, 2007 5.5% 16 570 Oct. 1, 2007–Dec. 31, 2007 5.5% 16 570 Jan. 1, 2008–Mar. 31, 2008 4.5% 62 616 Apr. 1, 2008–Jun. 30, 2008 3.5% 60 614 Jul. 1, 2008–Sep. 30, 2008 2.5% 58 612 Oct. 1, 2008–Dec. 31, 2008 3.5% 60 614 Jan. 1, 2009–Mar. 31, 2009 2.5% 10 564 Apr. 1, 2009–Jun. 30, 2009 1.5% 8 562 Jul. 1, 2009–Sep. 30, 2009 1.5% 8 562 Oct. 1, 2009–Dec. 31, 2009 1.5% 8 562 Jan. 1, 2010–Mar. 31, 2010 1.5% 8 562 Apr. 1, 2010–Jun. 30, 2010 1.5% 8 562 Jul. 1, 2010–Sep. 30, 2010 1.5% 8 562 Oct. 1, 2010–Dec. 31, 2010 1.5% 8 562 Jan. 1, 2011–Mar. 31, 2011 0.5%* Apr. 1, 2011–Jun. 30, 2011 1.5% 8 562 Jul. 1, 2011–Sep. 30, 2011 1.5% 8 562 Oct. 1, 2011–Dec. 31, 2011 0.5%* Jan. 1, 2012–Mar. 31, 2012 0.5%* Apr. 1, 2012–Jun. 30, 2012 0.5%* Jul. 1, 2012–Sep. 30, 2012 0.5%* Oct. 1, 2012–Dec. 31, 2012 0.5%* Jan. 1, 2013–Mar. 31, 2013 0.5%* Apr. 1, 2013–Jun. 30, 2013 0.5%* Jul. 1, 2013–Sep. 30, 2013 0.5%* Oct. 1, 2013–Dec. 31, 2013 0.5%* Jan. 1, 2014–Mar. 31, 2014 0.5%* Apr. 1, 2014–Jun. 30, 2014 0.5%* Jul. 1, 2014–Sep. 30, 2014 0.5%* Oct. 1, 2014–Dec. 31, 2014 0.5%* June 6, 2022 1176 Bulletin No. 2022–23 Jan. 1, 2015–Mar. 31, 2015 0.5%* Apr. 1, 2015–Jun. 30, 2015 0.5%* Jul. 1, 2015–Sep. 30, 2015 0.5%* Oct. 1, 2015–Dec. 31, 2015 0.5%* Jan. 1, 2016–Mar. 31, 2016 0.5%* Apr. 1, 2016–Jun. 30, 2016 1.5% 56 610 Jul. 1, 2016–Sep. 30, 2016 1.5% 56 610 Oct. 1, 2016–Dec. 31, 2016 1.5% 56 610 Jan. 1, 2017–Mar. 31, 2017 1.5% 8 562 Apr. 1, 2017–Jun. 30, 2017 1.5% 8 562 Jul. 1, 2017–Sep. 30, 2017 1.5% 8 562 Oct. 1, 2017–Dec. 31, 2017 1.5% 8 562 Jan. 1, 2018–Mar. 31, 2018 1.5% 8 562 Apr. 1, 2018–Jun. 30, 2018 2.5% 10 564 Jul. 1, 2018–Sep. 30, 2018 2.5% 10 564 Oct. 1, 2018–Dec. 31, 2018 2.5% 10 564 Jan. 1, 2019–Mar. 31, 2019 3.5% 12 566 Apr. 1, 2019–Jun. 30, 2019 3.5% 12 566 Jul. 1, 2019–Sep. 30, 2019 2.5% 10 564 Oct. 1, 2019–Dec. 31, 2019 2.5% 10 564 Jan. 1, 2020–Mar. 31, 2020 2.5% 58 612 Apr. 1, 2020–Jun. 30, 2020 2.5% 58 612 Jul. 1, 2020–Sep. 30, 2020 0.5%* Oct. 1, 2020–Dec. 31, 2020 0.5%* Jan. 1, 2021–Mar. 31, 2021 0.5%* Apr. 1, 2021–Jun. 30, 2021 0.5%* Jul. 1, 2021–Sep. 30, 2021 0.5%* Oct. 1, 2021–Dec. 31, 2021 0.5%* Jan. 1, 2022–Mar. 31, 2022 0.5%* Apr. 1, 2022–Jun. 30, 2022 1.5% 8 562 Jul. 1, 2022–Sep. 30, 2022 2.5% 10 564 * The asterisk reflects the interest factors for daily compound interest for annual rates of 0.5 percent published in Appendix A of this Revenue Ruling. Bulletin No. 2022–23 1177 June 6, 2022 Part III Update for Weighted Average Interest Rates, Yield Curves, and Segment Rates Notice 2022-25 This notice provides guidance on the corporate bond monthly yield curve, the corresponding spot segment rates used under § 417(e)(3), and the 24-month average segment rates under § 430(h)(2) of the Internal Revenue Code. In addition, this notice provides guidance as to the interest rate on 30-year Treasury securities under § 417(e)(3)(A)(ii)(II) as in effect for plan years beginning before 2008 and the 30-year Treasury weighted average rate under § 431(c)(6)(E)(ii)(I). YIELD CURVE AND SEGMENT RATES Section 430 specifies the minimum funding requirements that apply to Applicable Month May 2022 single-employer plans (except for CSEC plans under § 414(y)) pursuant to § 412. Section 430(h)(2) specifies the interest rates that must be used to determine a plan’s target normal cost and funding target. Under this provision, present value is generally determined using three 24-month average interest rates (“segment rates”), each of which applies to cash flows during specified periods. To the extent provided under § 430(h)(2)(C) (iv), these segment rates are adjusted by the applicable percentage of the 25-year average segment rates for the period ending September 30 of the year preceding the calendar year in which the plan year begins.1 However, an election may be made under § 430(h)(2)(D)(ii) to use the monthly yield curve in place of the segment rates. Notice 2007-81, 2007-44 I.R.B. 899, provides guidelines for determining the monthly corporate bond yield curve, and the 24-month average corporate bond segment rates used to compute the target normal cost and the funding target. Consistent with the methodology specified in Notice 2007-81, the monthly corporate bond yield curve derived from April 2022 data is in Table 2022-4 at the end of this notice. The spot first, second, and third segment rates for the month of April 2022 are, respectively, 3.00, 4.22, and 4.17 The 24-month average segment rates determined under § 430(h)(2)(C)(i) through (iii) must be adjusted pursuant to § 430(h)(2)(C)(iv) to be within the applicable minimum and maximum percentages of the corresponding 25-year average segment rates. The 25-year average segment rates for plan years beginning in 2021 and 2022 were published in Notice 2020-72, 2020-40 I.R.B. 789, and Notice 2021-54, 2021-41 I.R.B. 457, respectively. 24-MONTH AVERAGE CORPORATE BOND SEGMENT RATES The three 24-month average corporate bond segment rates applicable for May 2022 without adjustment for the 25-year average segment rate limits are as follows: 24-Month Average Segment Rates Without 25-Year Average Adjustment First Segment Second Segment Third Segment 0.93 2.72 3.32 25-YEAR AVERAGE SEGMENT RATES Section 9706(a) of the American Rescue Plan Act of 2021, Pub. L. 117-2 (the ARP), which was enacted on March 11, 2021, changed the 25-year average segment rates and the applicable minimum and maximum percentages used under § 430(h)(2)(C)(iv) of the Code to adjust the 24-month average segment rates.2 Prior to this change, the applicable minimum and maximum percentages were 85% and 115% for a plan year beginning in 2021, and 80% and 120% for a plan year beginning in 2022, respectively. After this change, the applicable minimum and maximum percentages are 95% and 105% for a plan year beginning in 2021 or 2022. In addition, pursuant to this change, any 25-year average segment rate that is less than 5% is deemed to be 5%.3 Pursuant to § 9706(c)(1) of the ARP, these changes apply with respect to plan years beginning on or after January 1, 2020. However, § 9706(c)(2) of the ARP provides that a plan sponsor may elect not to have these changes apply to any plan year beginning before January 1, 2022.4 The adjusted 24-month average segment rates set forth in the chart below reflect § 430(h)(2)(C)(iv) of the Code as amended by § 9706(a) of the ARP. These adjusted 24-month average segment rates apply only for plan years for which an election under § 9706(c) (2) of the ARP is not in effect. For a plan year for which such an election does not apply, the 24-month averages Pursuant to § 433(h)(3)(A), the third segment rate determined under § 430(h)(2)(C) is used to determine the current liability of a CSEC plan (which is used to calculate the minimum amount of the full funding limitation under § 433(c)(7)(C)). 2 Section 80602 of the Infrastructure Investment and Jobs Act, Pub. L. 117-58, makes further changes to the time periods for which specified applicable minimum and maximum percentages apply. 3 Pursuant to this change, the 25-year averages of the first segment rate for 2021 and 2022 are increased to 5.00% because those 25-year averages as originally published are below 5.00%. 4 This election may be made either for all purposes for which the amendments under § 9706 of the ARP apply or solely for purposes of determining the adjusted funding target attainment percentage under § 436 of the Code for the plan year. 1 June 6, 2022 1178 Bulletin No. 2022–23 applicable for May 2022, adjusted to be within the applicable minimum and For Plan Years Beginning In maximum percentages of the corresponding 25-year average segment rates in accordance with § 430(h)(2)(C)(iv) of the Code, are as follows: Adjusted 24-Month Average Segment Rates Applicable First Second Month Segment Segment Third Segment 2021 May 2022 4.75 5.36 6.11 2022 May 2022 4.75 5.18 5.92 The adjusted 24-month average segment rates set forth in the chart below do not reflect the changes to § 430(h)(2)(C) (iv) of the Code made by § 9706(a) of the ARP. These adjusted 24-month average For Plan Years Beginning In 2021 segment rates apply only for plan years for which an election under § 9706(c)(2) of the ARP is in effect. For a plan year for which such an election applies, the 24-month averages applicable for May 2022, adjusted to be within the applicable minimum and maximum percentages of the corresponding 25-year average segment rates in accordance with § 430(h)(2) (C)(iv) of the Code, are as follows: Pre-ARP Adjusted 24-Month Average Segment Rates Applicable First Second Month Segment Segment May 2022 30-YEAR TREASURY SECURITIES INTEREST RATES 3.32 Third Segment 4.79 5.47 Section 431 specifies the minimum funding requirements that apply to multiemployer plans pursuant to § 412. Section 431(c)(6)(B) specifies a minimum amount for the full-funding limitation described in § 431(c)(6)(A), based on the plan’s current liability. Section 431(c)(6) (E)(ii)(I) provides that the interest rate used to calculate current liability for this purpose must be no more than 5 percent above and no more than 10 percent below the weighted average of the rates of interest on 30-year Treasury securities during the four-year period ending on the last day before the beginning of the plan year. Notice 88-73, 1988-2 C.B. 383, provides guidelines for determining the weighted average interest rate. The rate of interest on 30-year Treasury securities for April For Plan Years Beginning In Treasury Weighted Average Rates 30-Year Treasury Weighted Average Permissible Range 90% to 105% May 2022 2.11 1.90 to 2.21 under § 417(e)(3)(D) are segment rates computed without regard to a 24-month average. Notice 2007-81 provides guidelines for determining the minimum present value segment rates. Pursuant to that notice, the minimum present value segment rates determined for April 2022 are as follows: MINIMUM PRESENT VALUE SEGMENT RATES In general, the applicable interest rates Month April 2022 Bulletin No. 2022–23 2022 is 2.81 percent. The Service determined this rate as the average of the daily determinations of yield on the 30-year Treasury bond maturing in February 2052. For plan years beginning in May 2022, the weighted average of the rates of interest on 30-year Treasury securities and the permissible range of rates used to calculate current liability are as follows: Minimum Present Value Segment Rates First Segment Second Segment 3.00 4.22 1179 Third Segment 4.17 June 6, 2022 DRAFTING INFORMATION The principal author of this notice is Tom Morgan of the Office of the Associate Chief Counsel (Employee Benefits, June 6, 2022 Exempt Organizations, and Employment Taxes). However, other personnel from the IRS participated in the development of this guidance. For further information regarding this notice, contact Mr. Morgan 1180 at 202-317-6700 or Osmundo Bernabe at 626-927-1344 (not toll-free numbers). Bulletin No. 2022–23 Table 2022-1 Monthly Yield Curve for January 2022 Derived from January 2022 Data Maturity 0.5 1.0 1.5 2.0 2.5 3.0 3.5 4.0 4.5 5.0 5.5 6.0 6.5 7.0 7.5 8.0 8.5 9.0 9.5 10.0 10.5 11.0 11.5 12.0 12.5 13.0 13.5 14.0 14.5 15.0 15.5 16.0 16.5 17.0 17.5 18.0 18.5 19.0 19.5 20.0 Yield 1.72 2.24 2.68 3.01 3.21 3.33 3.39 3.44 3.48 3.53 3.58 3.64 3.71 3.79 3.86 3.94 4.01 4.08 4.14 4.20 4.25 4.29 4.33 4.36 4.38 4.40 4.41 4.42 4.43 4.43 4.43 4.43 4.42 4.41 4.40 4.39 4.38 4.37 4.36 4.35 Maturity 20.5 21.0 21.5 22.0 22.5 23.0 23.5 24.0 24.5 25.0 25.5 26.0 26.5 27.0 27.5 28.0 28.5 29.0 29.5 30.0 30.5 31.0 31.5 32.0 32.5 33.0 33.5 34.0 34.5 35.0 35.5 36.0 36.5 37.0 37.5 38.0 38.5 39.0 39.5 40.0 Bulletin No. 2022–23 Yield 4.34 4.33 4.32 4.31 4.30 4.29 4.28 4.27 4.26 4.26 4.25 4.24 4.24 4.23 4.23 4.22 4.22 4.21 4.21 4.20 4.20 4.20 4.19 4.19 4.19 4.18 4.18 4.18 4.18 4.17 4.17 4.17 4.16 4.16 4.16 4.16 4.15 4.15 4.15 4.15 Maturity 40.5 41.0 41.5 42.0 42.5 43.0 43.5 44.0 44.5 45.0 45.5 46.0 46.5 47.0 47.5 48.0 48.5 49.0 49.5 50.0 50.5 51.0 51.5 52.0 52.5 53.0 53.5 54.0 54.5 55.0 55.5 56.0 56.5 57.0 57.5 58.0 58.5 59.0 59.5 60.0 Yield 4.15 4.14 4.14 4.14 4.14 4.14 4.13 4.13 4.13 4.13 4.13 4.13 4.12 4.12 4.12 4.12 4.12 4.12 4.12 4.11 4.11 4.11 4.11 4.11 4.11 4.11 4.11 4.10 4.10 4.10 4.10 4.10 4.10 4.10 4.10 4.10 4.09 4.09 4.09 4.09 1181 Maturity 60.5 61.0 61.5 62.0 62.5 63.0 63.5 64.0 64.5 65.0 65.5 66.0 66.5 67.0 67.5 68.0 68.5 69.0 69.5 70.0 70.5 71.0 71.5 72.0 72.5 73.0 73.5 74.0 74.5 75.0 75.5 76.0 76.5 77.0 77.5 78.0 78.5 79.0 79.5 80.0 Yield 4.09 4.09 4.09 4.09 4.09 4.09 4.09 4.08 4.08 4.08 4.08 4.08 4.08 4.08 4.08 4.08 4.08 4.08 4.08 4.08 4.07 4.07 4.07 4.07 4.07 4.07 4.07 4.07 4.07 4.07 4.07 4.07 4.07 4.07 4.07 4.07 4.07 4.06 4.06 4.06 Maturity 80.5 81.0 81.5 82.0 82.5 83.0 83.5 84.0 84.5 85.0 85.5 86.0 86.5 87.0 87.5 88.0 88.5 89.0 89.5 90.0 90.5 91.0 91.5 92.0 92.5 93.0 93.5 94.0 94.5 95.0 95.5 96.0 96.5 97.0 97.5 98.0 98.5 99.0 99.5 100.0 Yield 4.06 4.06 4.06 4.06 4.06 4.06 4.06 4.06 4.06 4.06 4.06 4.06 4.06 4.06 4.06 4.06 4.06 4.05 4.05 4.05 4.05 4.05 4.05 4.05 4.05 4.05 4.05 4.05 4.05 4.05 4.05 4.05 4.05 4.05 4.05 4.05 4.05 4.05 4.05 4.05 June 6, 2022 Treatment of Amounts Paid to Section 170(c) Organizations under Employer Leave-Based Donation Programs to Aid Victims of the Further Russian Invasion of Ukraine Notice 2022-28 The further invasion of Ukraine by the Russian Federation beginning on February 24, 2022 (further Russian invasion of Ukraine), has caused widespread loss of human life and other loss to the citizens and residents of Ukraine, including loss of shelter, food, medical care, and jobs. On March 2, 2022, the President of the United States announced a continuation of the national emergency with respect to Ukraine, as established in previous executive orders, because certain actions and policies of the Russian Federation further threaten the peace, stability, sovereignty, and territorial integrity of Ukraine.1 On March 3, 2022, the Department of Homeland Security announced that it has designated Ukraine for Temporary Protected Status.2 The Department of the Treasury and the Internal Revenue Service are aware that employers may have adopted or may be considering adopting employer leavebased donation programs to aid citizens and residents of Ukraine; individuals working, traveling, or currently present 1 2 in Ukraine; or refugees from Ukraine, collectively referred to in this notice as “victims of the further Russian invasion of Ukraine.” This notice provides guidance under the Internal Revenue Code (Code) on the federal income and employment tax treatment of cash payments made by employers under leave-based donation programs to aid victims of the further Russian invasion of Ukraine. This guidance is similar to the guidance provided in Notice 2001-69, 2001-46 IRB 491, as modified and superseded by Notice 2003-1, 2003-2 IRB 257, regarding charitable relief following the September 11, 2001, terrorist attacks. EMPLOYER LEAVE-BASED DONATION PROGRAMS Under employer leave-based donation programs, employees can elect to forgo vacation, sick, or personal leave in exchange for their employers making cash payments to charitable organizations described in section 170(c) of the Code (section 170(c) organizations). Cash payments made by an employer to section 170(c) organizations under an employer leave-based donation program are referred to as “employer leave-based donation payments.” TREATMENT OF QUALIFIED EMPLOYER LEAVE-BASED DONATION PAYMENTS Employer leave-based donation payments made by an employer before January 1, 2023, to section 170(c) organizations to aid victims of the further Russian invasion of Ukraine (qualified employer leave-based donation payments) will not be treated as gross income or wages (or compensation, as applicable) of the employees of the employer. Similarly, employees electing or with an opportunity to elect to forgo leave that funds the qualified employer leavebased donation payments will not be treated as having constructively received gross income or wages (or compensation, as applicable). Employers should not include the amount of qualified employer leave-based donation payments in Box 1, 3 (if applicable), or 5 of the electing employees’ Form W-2. Electing employees are not eligible to claim a charitable contribution deduction under section 170 for the value of the forgone leave that funds qualified employer leave-based donation payments. An employer may deduct qualified employer leave-based donation payments under the rules of section 170 or the rules of section 162 if the employer otherwise meets the respective requirements of either section of the Code. DRAFTING INFORMATION For further information, please contact Clara L. Raymond of the Office of Associate Chief Counsel (Income Tax and Accounting) at (202) 317-4718 (not a tollfree call). Notice of March 2, 2022: Continuation of the National Emergency With Respect to Ukraine, 87 F.R. 12387 (March 3, 2022). https://www.dhs.gov/news/2022/03/03/secretary-mayorkas-designates-ukraine-temporary-protected-status-18-months. June 6, 2022 1182 Bulletin No. 2022–23 Definition of Terms Revenue rulings and revenue procedures (hereinafter referred to as “rulings”) that have an effect on previous rulings use the following defined terms to describe the ­effect: Amplified describes a situation where no change is being made in a prior published position, but the prior position is being extended to apply to a variation of the fact situation set forth therein. Thus, if an earlier ruling held that a principle applied to A, and the new ruling holds that the same principle also applies to B, the earlier ruling is amplified. (Compare with modified, below). Clarified is used in those instances where the language in a prior ruling is being made clear because the language has caused, or may cause, some confusion. It is not used where a position in a prior ruling is being changed. Distinguished describes a situation where a ruling mentions a previously published ruling and points out an essential difference between them. Modified is used where the substance of a previously published position is being changed. Thus, if a prior ruling held that a principle applied to A but not to B, and the new ruling holds that it applies to both A and B, the prior ruling is modified because it corrects a published position. (Compare with amplified and clarified, above). Obsoleted describes a previously published ruling that is not considered determinative with respect to future transactions. This term is most commonly used in a ruling that lists previously published rulings that are obsoleted because of changes in laws or regulations. A ruling may also be obsoleted because the substance has been included in regulations subsequently adopted. Revoked describes situations where the position in the previously published ruling is not correct and the correct position is being stated in a new ruling. Superseded describes a situation where the new ruling does nothing more than restate the substance and situation of a previously published ruling (or rulings). Thus, the term is used to republish under the 1986 Code and regulations the same position published under the 1939 Code and regulations. The term is also used when it is desired to republish in a single ruling a series of situations, names, etc., that were previously published over a period of time in separate rulings. If the new ruling does more than restate the substance of a prior ruling, a combination of terms is used. For example, modified and superseded describes a situation where the substance of a previously published ruling is being changed in part and is continued without change in part and it is desired to restate the valid portion of the previously published ruling in a new ruling that is self contained. In this case, the previously published ruling is first modified and then, as modified, is superseded. Supplemented is used in situations in which a list, such as a list of the names of countries, is published in a ruling and that list is expanded by adding further names in subsequent rulings. After the original ruling has been supplemented several times, a new ruling may be published that includes the list in the original ruling and the additions, and supersedes all prior rulings in the series. Suspended is used in rare situations to show that the previous published rulings will not be applied pending some future action such as the issuance of new or amended regulations, the outcome of cases in litigation, or the outcome of a Service study. Abbreviations The following abbreviations in current use and formerly used will appear in material published in the Bulletin. A—Individual. Acq.—Acquiescence. B—Individual. BE—Beneficiary. BK—Bank. B.T.A.—Board of Tax Appeals. C—Individual. C.B.—Cumulative Bulletin. CFR—Code of Federal Regulations. CI—City. COOP—Cooperative. Ct.D.—Court Decision. CY—County. D—Decedent. DC—Dummy Corporation. DE—Donee. Del. Order—Delegation Order. DISC—Domestic International Sales Corporation. DR—Donor. E—Estate. EE—Employee. E.O.—Executive Order. ER—Employer. Bulletin No. 2022–23 ERISA—Employee Retirement Income Security Act. EX—Executor. F—Fiduciary. FC—Foreign Country. FICA—Federal Insurance Contributions Act. FISC—Foreign International Sales Company. FPH—Foreign Personal Holding Company. F.R.—Federal Register. FUTA—Federal Unemployment Tax Act. FX—Foreign corporation. G.C.M.—Chief Counsel’s Memorandum. GE—Grantee. GP—General Partner. GR—Grantor. IC—Insurance Company. I.R.B.—Internal Revenue Bulletin. LE—Lessee. LP—Limited Partner. LR—Lessor. M—Minor. Nonacq.—Nonacquiescence. O—Organization. P—Parent Corporation. PHC—Personal Holding Company. PO—Possession of the U.S. PR—Partner. PRS—Partnership. i PTE—Prohibited Transaction Exemption. Pub. L.—Public Law. REIT—Real Estate Investment Trust. Rev. Proc.—Revenue Procedure. Rev. Rul.—Revenue Ruling. S—Subsidiary. S.P.R.—Statement of Procedural Rules. Stat.—Statutes at Large. T—Target Corporation. T.C.—Tax Court. T.D.—Treasury Decision. TFE—Transferee. TFR—Transferor. T.I.R.—Technical Information Release. TP—Taxpayer. TR—Trust. TT—Trustee. U.S.C.—United States Code. X—Corporation. Y—Corporation. Z—Corporation. June 6, 2022 Numerical Finding List1 Bulletin 2022–23 Announcements: 2022-3, 2022-8 I.R.B. 788 2022-4, 2022-9 I.R.B. 789 2022-5, 2022-11 I.R.B. 825 2022-6, 2022-13 I.R.B. 934 2022-7, 2022-15 I.R.B. 946 2022-8, 2022-19 I.R.B. 1056 2022-9, 2022-22 I.R.B. 1153 2022-10, 2022-22 I.R.B. 1156 AOD: 2022-1, 2022-06 I.R.B. 466 2022-2, 2022-12 I.R.B. 903 Notices: 2022-1, 2022-02 I.R.B. 304 2022-2, 2022-02 I.R.B. 304 2022-3, 2022-02 I.R.B. 308 2022-4, 2022-02 I.R.B. 309 2022-5, 2022-05 I.R.B. 457 2022-6, 2022-05 I.R.B. 460 2022-7, 2022-06 I.R.B. 469 2022-8, 2022-07 I.R.B. 491 2022-9, 2022-10 I.R.B. 811 2022-10, 2022-10 I.R.B. 815 2022-12, 2022-12 I.R.B. 906 2022-11, 2022-14 I.R.B. 939 2022-13, 2022-14 I.R.B. 940 2022-14, 2022-14 I.R.B. 941 2022-15, 2022-18 I.R.B. 1043 2022-16, 2022-18 I.R.B. 1044 2022-17, 2022-18 I.R.B. 1048 2022-18, 2022-18 I.R.B. 1048 2022-19, 2022-18 I.R.B. 1050 2022-21, 2022-20 I.R.B. 1057 2022-22, 2022-20 I.R.B. 1057 2022-23, 2022-20 I.R.B. 1062 2022-20, 2022-21 I.R.B. 1095 2022-24, 2022-21 I.R.B. 1097 2022-27, 2022-22 I.R.B. 1151 2022-25, 2022-23 I.R.B. 1178 2022-28, 2022-28 I.R.B. 1182 Revenue Procedures: 2022-1, 2022-01 I.R.B. 1 2022-2, 2022-01 I.R.B. 120 2022-3, 2022-01 I.R.B. 144 2022-4, 2022-01 I.R.B. 161 2022-5, 2022-01 I.R.B. 256 2022-7, 2022-01 I.R.B. 297 2022-9, 2022-02 I.R.B. 310 2022-11, 2022-03 I.R.B. 449 2022-8, 2022-04 I.R.B. 451 2022-10, 2022-06 I.R.B. 473 2022-13, 2022-06 I.R.B. 477 2022-12, 2022-07 I.R.B. 494 2022-14, 2022-07 I.R.B. 502 2022-15, 2022-13 I.R.B. 908 2022-17, 2022-13 I.R.B. 930 2022-17, 2022-13 I.R.B. 933 2022-20, 2022-14 I.R.B. 945 2022-21, 2022-16 I.R.B. 1015 2022-23, 2022-18 I.R.B. 1052 2022-24, 2022-20 I.R.B. 1075 2022-22, 2022-21 I.R.B. 1098 Revenue Rulings: 2022-1, 2022-02 I.R.B. 301 2022-2, 2022-04 I.R.B. 451 2022-3, 2022-06 I.R.B. 467 2022-4, 2022-10 I.R.B. 790 2022-5, 2022-10 I.R.B. 792 2022-6, 2022-12 I.R.B. 904 2022-7, 2022-14 I.R.B. 935 2022-8, 2022-14 I.R.B. 936 2022-9, 2022-18 I.R.B. 1041 2022-10, 2022-23 I.R.B. 1157 2022-11, 2022-23 I.R.B. 1159 Treasury Decisions: 9959, 2022-03 I.R.B. 328 9961, 2022-03 I.R.B. 430 9960, 2022-07 I.R.B. 481 9962, 2022-11 I.R.B. 823 Proposed Regulations: REG-118250-20, 2022-07 I.R.B. 753 REG-105954-20, 2022-11 I.R.B. 828 REG-114209-21, 2022-11 I.R.B. 898 REG-114209-21, 2022-11 I.R.B. 898 REG-121508-18, 2022-15 I.R.B. 996 REG-114339-21, 2022-17 I.R.B. 1030 REG-106384-20, 2022-20 I.R.B. 1076 REG-118913-21, 2022-20 I.R.B. 1089 REG-122770-18, 2022-21 I.R.B. 1104 A cumulative list of all revenue rulings, revenue procedures, Treasury decisions, etc., published in Internal Revenue Bulletins 2020–27 through 2020–52 is in Internal Revenue Bulletin 2020–52, dated December 27, 2021. 1 June 6, 2022 ii Bulletin No. 2022–23 Finding List of Current Actions on Previously Published Items1 Bulletin 2022–23 A cumulative list of all revenue rulings, revenue procedures, Treasury decisions, etc., published in Internal Revenue Bulletins 2020–27 through 2020–52 is in Internal Revenue Bulletin 2020–52, dated December 27, 2021. 1 Bulletin No. 2022–23 iii June 6, 2022 Internal Revenue Service Washington, DC 20224 Official Business Penalty for Private Use, $300 INTERNAL REVENUE BULLETIN The Introduction at the beginning of this issue describes the purpose and content of this publication. The weekly Internal Revenue Bulletins are available at www.irs.gov/irb/. We Welcome Comments About the Internal Revenue Bulletin If you have comments concerning the format or production of the Internal Revenue Bulletin or suggestions for improving it, we would be pleased to hear from you. You can email us your suggestions or comments through the IRS Internet Home Page www.irs.gov) or write to the Internal Revenue Service, Publishing Division, IRB Publishing Program Desk, 1111 Constitution Ave. NW, IR-6230 Washington, DC 20224. --- Source: Frix Law Library, https://www.frixlaw.com/law-library/documents/agency%3Airs%3A160d6c54eed4960e. Public record. Not legal advice.