# Bulletin No. 2021–50

> Briefs, arguments, decisions, and more.

URL: https://www.frixlaw.com/law-library/documents/agency%3Airs%3A8451be7c96e43598

## Record

- **Collection:** Agency decision
- **Document type:** Agency decision

## Text

HIGHLIGHTS
OF THIS ISSUE




Bulletin No. 2021–50
December 13, 2021

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
Announcement 2021-16, page 872.

The Office of Professional Responsibility (OPR) announces
recent disciplinary sanctions involving attorneys, certified
public accountants, enrolled agents, enrolled actuaries,
enrolled retirement plan agents, and appraisers. These individuals are subject to the regulations governing practice
before the Internal Revenue Service (IRS), which are set out in
Title 31, Code of Federal Regulations, Part 10, and which are
published in pamphlet form as Treasury Department Circular
No. 230. The regulations prescribe the duties and restrictions relating to such practice and prescribe the disciplinary
sanctions for violating the regulations.

Rev. Rul. 2021-24, page 850.

Interest rates: underpayments and overpayments. The rates
for interest determined under Section 6621 of the code for

Finding Lists begin on page ii.

the calendar quarter beginning January 1, 2022, will be 3
percent for overpayments (2 percent in the case of a corporation), 3 percent for underpayments, and 5 percent for
large corporate underpayments. The rate of interest paid on
the portion of a corporate overpayment exceeding $10,000
will be 0.5 percent.

EMPLOYEE PLANS
Notice 2021-64, page 869.
This notice contains the 2021 Required Amendments
List. The Required Amendments List establishes the end
of the remedial amendment period and the plan amendment deadline for changes in qualification requirements
and section 403(b) requirements set forth on the list for
qualified individually designed plans and section 403(b)
individually designed plans, respectively.

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.

December 13, 2021 

Bulletin No. 2021–50

Part I
Section 6621.—
Determination of Rate of
Interest
26 CFR 301.6621-1: Interest rate.

Rev. Rul. 2021-24
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.
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

December 13, 2021

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
October 2021 is the rate published in Revenue Ruling 2021-21, 2021-44 IRB 704, to
take effect beginning November 1, 2021.
The federal short-term rate, rounded to the
nearest full percent, based on daily compounding determined during the month of
October 2021 is 0 percent. Accordingly,
an overpayment rate of 3 percent (2 percent in the case of a corporation) and an
underpayment rate of 3 percent are established for the calendar quarter beginning
January 1, 2022. The overpayment rate
for the portion of a corporate overpayment exceeding $10,000 for the calendar
quarter beginning January 1, 2022 is 0.5
percent. The underpayment rate for large
corporate underpayments for the calendar quarter beginning January 1, 2022, is
5 percent. These rates apply to amounts
bearing interest during that calendar quarter.

850

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 3 percent rate also applies to estimated tax
underpayments for the first calendar quarter beginning January 1, 2022. Pursuant
to section 6621(b)(2)(B), in determining
the addition to tax under section 6654 for
any taxable year for an individual, the
federal short-term rate that applies during
the third month following the taxable year
also applies during the first 15 days of the
fourth month following the taxable year.
In addition, pursuant to section 6603(d)
(4), the rate of interest on section 6603
deposits is 0 percent for the first calendar
quarter in 2022.
Interest factors for daily compound
interest for annual rates of 0.5 percent are
published in Appendix A of this Revenue
Ruling. Interest factors for daily compound interest for annual rates of 2 percent, 3 percent and 5 percent are published
in Tables 9, 11, and 15 of Rev. Proc. 95-17,
1995-1 C.B. 563, 565, and 569.
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).

Bulletin No. 2021–50

APPENDIX A

Days
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21

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

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

22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41

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

84
85
86
87
88
89
90
91
92
93
94
95
96
97
98
99
100
101
102
103

Bulletin No. 2021–50

0.001151339
0.001165054
0.001178768
0.001192483
0.001206198
0.001219913
0.001233629
0.001247344
0.001261060
0.001274776
0.001288492
0.001302208
0.001315925
0.001329641
0.001343358
0.001357075
0.001370792
0.001384510
0.001398227
0.001411945

851

Days
125
126
127
128
129
130
131
132
133
134
135
136
137
138
139
140
141
142
143
144
145

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

146
147
148
149
150
151
152
153
154
155
156
157
158
159
160
161
162
163
164
165

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

December 13, 2021

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

December 13, 2021

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

852

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

Bulletin No. 2021–50

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

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

Bulletin No. 2021–50

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

853

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

December 13, 2021

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

December 13, 2021

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

854

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

Bulletin No. 2021–50

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,

RATE

Jul.

1,

1975

6%

Table

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.

31,
31,
31,
31,
31,
30,
31,
30,
31,
30,
31,
30,
31,

1976
1978
1980
1982
1982
1983
1983
1984
1984
1985
1985
1986
1986

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

In 1995-1 C.B.
DAILY RATE TABLE
2,
pg.
4,
3,
2,
5,
6,
37,
27,
75,
75,
31,
27,
25,
23,

pg.
pg.
pg.
pg.
pg.
pg.
pg.
pg.
pg.
pg.
pg.
pg.
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.

1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,

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.

Bulletin No. 2021–50

31,
30,
30,
31,
31,
30,
30,
31,
31,
30,
30,
31,
31,
30,
30,
31,
31,

1987
1987
1987
1987
1988
1988
1988
1988
1989
1989
1989
1989
1990
1990
1990
1990
1991

RATE
8%
8%
8%
9%
10%
9%
9%
10%
10%
11%
11%
10%
10%
10%
10%
10%
10%

855

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

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

December 13, 2021

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,

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.

December 13, 2021

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,

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

9%
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%

856

23
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
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%
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
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
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

Bulletin No. 2021–50

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.

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. 2021–50

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

857

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

December 13, 2021

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,

December 13, 2021

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

858

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. 2021–50

Apr.
Jul.
Oct.
Jan.
Apr.
Jul.
Oct.
Jan.

1,
1,
1,
1,
1,
1,
1,
1,

Bulletin No. 2021–50

2020–Jun.
2020–Sep.
2020–Dec.
2021–Mar.
2021–Jun.
2021–Sep.
2021–Dec.
2022–Mar.

30,
30,
31,
31,
30,
30,
31,
31,

2020
2020
2020
2021
2021
2021
2021
2022

859

5%
3%
3%
3%
3%
3%
3%
3%

63
59
59
11
11
11
11
11

617
613
613
565
565
565
565
565

December 13, 2021

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.

December 13, 2021

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

860

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

Bulletin No. 2021–50

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,

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.

Bulletin No. 2021–50

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%

861

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

December 13, 2021

Apr.
Jul.
Oct.
Jan.
Apr.
Jul.
Oct.
Jan.

1,
1,
1,
1,
1,
1,
1,
1,

2020–Jun.
2020–Sep.
2020–Dec.
2021–Mar.
2021–Jun.
2021–Sep.
2021–Dec.
2022–Mar.

December 13, 2021

30,
30,
31,
31,
30,
30,
31,
31,

2020
2020
2020
2021
2021
2021
2021
2022

4%
2%
2%
2%
2%
2%
2%
2%

862

61
57
57
9
9
9
9
9

615
611
611
563
563
563
563
563

5%
3%
3%
3%
3%
3%
3%
3%

63
59
59
11
11
11
11
11

617
613
613
565
565
565
565
565

Bulletin No. 2021–50

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.

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. 2021–50

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

863

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

December 13, 2021

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,

December 13, 2021

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

864

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

Bulletin No. 2021–50

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,

Bulletin No. 2021–50

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.

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,

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

865

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%

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

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

December 13, 2021

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

December 13, 2021

866

Bulletin No. 2021–50

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%*

Bulletin No. 2021–50

867

December 13, 2021

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%*

* 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.

December 13, 2021

868

Bulletin No. 2021–50

Part III
2021 Required
Amendments List
for Individually
Designed Qualified and
Section 403(b) Plans
Notice 2021-64
I. PURPOSE
This notice sets forth the 2021 Required
Amendments List (2021 RA List). The
Required Amendments List (RA List)
applies to both individually designed
plans qualified under section 401(a) of
the Internal Revenue Code (Code) (qualified individually designed plans) and
individually designed plans that satisfy
the requirements of section 403(b) (section 403(b) individually designed plans).
Section 5.05 of Rev. Proc. 2016-37,
2016-29 IRB 136,1 provides generally
that, except as otherwise provided by statute, or by regulations or other guidance
published in the Internal Revenue Bulletin, in the case of a qualified individually
designed plan that is not a governmental
plan within the meaning of section 414(d),
the remedial amendment period for a disqualifying provision arising as a result of
a change in qualification requirements is
extended to the end of the second calendar year that begins after the issuance of
the RA List in which the change in qualification requirements appears. Similarly,
section 5.03(1) of Rev. Proc. 2019-39,
2019-42 IRB 945,2 provides generally
that, except as otherwise provided by statute, or by regulations or other guidance
published in the Internal Revenue Bulletin, with respect to a form defect in a
section 403(b) individually designed plan
that is not a governmental plan within the
meaning of section 414(d), the remedial
amendment period arising as a result of

a change in section 403(b) requirements
ends on the last day of the second calendar year that begins after the issuance of
the RA List on which the change in section 403(b) requirements appears. Pursuant to these sections, and section 8.01
of Rev. Proc. 2016‑37 and section 6.01
of Rev. Proc. 2019-39, December 31,
2023, generally is both the last day of the
remedial amendment period and the plan
amendment deadline with respect to (1) a
disqualifying provision arising as a result
of a change in qualification requirements
that appears on the 2021 RA List, and
(2) a form defect arising as a result of a
change in section 403(b) requirements
that appears on the 2021 RA List. Later
dates may apply to a governmental plan
within the meaning of section 414(d)
pursuant to sections 5.06(3) and 8.01 of
Rev. Proc. 2016‑37 and sections 5.03(2)
(c) and 6.01 of Rev. Proc. 2019-39. References to qualification requirements and
to section 403(b) requirements in Parts
III and IV of this notice are referred to,
separately and collectively, as “requirements.”3
II. BACKGROUND
Section 401(b) of the Code provides a
remedial amendment period during which
a plan may be amended retroactively to
comply with the qualification requirements
under section 401(a). Section 1.401(b)-1
describes the disqualifying provisions that
may be amended retroactively and the
remedial amendment period during which
retroactive amendments may be adopted.
That regulation also grants the Commissioner of Internal Revenue the discretion
to designate in guidance published in the
Internal Revenue Bulletin certain plan
provisions as disqualifying provisions and
to extend the remedial amendment period.
Sections 5.05 and 5.06 of Rev. Proc.
2016-37 extend the remedial amendment

period for individually designed plans to
correct disqualifying provisions that arise
as a result of a change in qualification
requirements. Sections 5.05 and 5.06 provide that, except as otherwise provided by
statute, or by regulations or other guidance
published in the Internal Revenue Bulletin, those sections set forth the extended
remedial amendment period for disqualifying provisions. Under section 5.05(3),
the remedial amendment period for a plan
that is not a governmental plan within the
meaning of section 414(d) is extended to
the end of the second calendar year that
begins after the issuance of the RA List on
which the change in qualification requirements appears. Section 5.06(3) provides
a special rule for governmental plans that
may further extend the remedial amendment period in some cases.
Section 8.01 of Rev. Proc. 2016-37
provides that the plan amendment deadline with respect to a disqualifying provision described in section 5 of Rev. Proc.
2016-37 is the date on which the remedial
amendment period ends with respect to
that disqualifying provision.
Section 21.02 of Rev. Proc. 2013-22,
2013-18 IRB 985,4 establishes an initial
remedial amendment period that permits
an eligible employer to retroactively correct form defects in its written section
403(b) plan.
Rev. Proc. 2017-18, as modified by
Notice 2020-35, 2020-25 IRB 948, provides that the initial remedial amendment
period for a form defect in a section 403(b)
plan ends on June 30, 2020.
Section 5.01 of Rev. Proc. 2019-39
establishes a system of recurring remedial
amendment periods for section 403(b)
individually designed plan form defects
first occurring after the last day of the initial remedial amendment period.
Section 5.03(1) of Rev. Proc. 2019‑39
provides that, except as otherwise provided by statute, or by regulations or other

For purposes of this revenue procedure, references to Rev. Proc. 2016-37 are to Rev. Proc. 2016-37, as modified by Rev. Proc. 2017-41, 2017-29 IRB 92, Rev. Proc. 2019- 20, 2019-20 IRB
1182, Rev. Proc. 2020-40, 2020-38 IRB 575, and Rev. Proc. 2021-38, 2021-38 IRB 425.
2
For purposes of this revenue procedure, references to Rev. Proc. 2019-39 are to Rev. Proc. 2019-39, as modified by Notice 2020-35, 2020-25 IRB 948, Rev. Proc. 2020-40, and Rev. Proc.
2021-37, 2021-38 IRB 385.
3
In order to help plan sponsors achieve operational compliance with changes in requirements, the IRS provides the Operational Compliance List, which is a list of changes in both qualification
requirements and section 403(b) requirements that are effective during a calendar year, on the IRS website at https://www.irs.gov/retirement-plans/operational-compliance-list. See section 10
of Rev. Proc. 2016-37 and section 9 of Rev. Proc. 2019-39.
4
Rev. Proc. 2013-22 was modified by Rev. Proc. 2014-28, 2014-16 I.R.B. 944, and Rev. Proc. 2015-22, 2015-11 I.R.B. 754, and clarified by Rev. Proc. 2017-18, 2017-5 I.R.B. 743.
1

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869

December 13, 2021

guidance published in the Internal Revenue Bulletin, with respect to a form defect
relating to, or integral to, a change in section 403(b) requirements that occurs after
the initial remedial period, the remedial
amendment period for a section 403(b)
individually designed plan that is not a
governmental plan within the meaning
of section 414(d) ends on the last day of
the second calendar year that begins after
the issuance of the RA List on which the
change in requirements appears. Section
5.03(2)(c) provides a special rule for governmental plans that could further extend
the remedial amendment period in some
cases.
Section 6.01 of Rev. Proc. 2019-39
generally provides that the plan amendment deadline with respect to a form
defect in a section 403(b) individually
designed plan first occurring after the initial remedial amendment period is the date
on which the remedial amendment period
ends with respect to that form defect.
Section 7 of Rev. Proc. 2019-39 (as
modified by Notice 2020-35), extends the
initial remedial amendment period with
respect to a section 403(b) individually
designed plan form defect first occurring
on or before June 30, 2020, to the later of
(1) June 30, 2020, or (2) the end of the
remedial amendment period provided
under section 5 of Rev. Proc. 2019-39.
Section 9 of Rev. Proc. 2016-37 and
section 8.01 of Rev. Proc. 2019-39 provide that the Department of the Treasury
(Treasury Department) and the Internal
Revenue Service (IRS) intend to publish
an RA List annually. In general, a change
in qualification requirements will not
appear on an RA List until guidance with
respect to that change (including, in certain cases, model amendments) has been
provided in regulations or in other guidance published in the Internal Revenue
Bulletin. However, in the discretion of
the Treasury Department and the IRS, a
change in qualification requirements may
be included on an RA List in other circumstances, such as in cases in which a statutory change is enacted and the Treasury

Department and the IRS anticipate that no
guidance will be issued.
The remedial amendment period applicable to a disqualifying provision arising
as a result of a change in qualification
requirements may be extended beyond
the date that normally would apply to an
item included on an RA List, if, for example, a statute, regulation or other guidance
published in the Internal Revenue Bulletin
provides for a later deadline.
III. CONTENT AND ORGANIZATION
OF RA LIST
In general, an RA List includes statutory and administrative changes in requirements that are first effective during the
plan year in which the list is published.5
However, an RA List does not include:
• Guidance issued or legislation enacted
after the list has been prepared;
• Statutory changes in requirements
for which the Treasury Department
and the IRS expect to issue guidance
that would be included on an RA List
issued in a future year;
• Changes in requirements that permit
(but do not require) optional plan
provisions, in contrast to changes
in requirements that cause existing
plan provisions (which may include
optional plan provisions previously
adopted) to become disqualifying
provisions or section 403(b) form
defects;6 or
• Changes in the tax laws affecting qualified individually designed
plans or section 403(b) individually
designed plans that do not change the
requirements (such as changes to the
tax treatment of plan distributions, or
changes to the funding requirements
for qualified individually designed
plans).
The RA List is divided into two parts.
Part A covers changes in requirements that
generally would require an amendment to
most plans or to most plans of the type
affected by the change.

Part B includes changes in requirements
that the Treasury Department and the IRS
anticipate will not require amendments to
most plans but might require an amendment because of an unusual plan provision in a particular plan. For example, if
a change affects a particular requirement
that most plans incorporate by reference,
Part B would include that change because
a particular plan might not incorporate the
requirement by reference and, thus, might
include language inconsistent with the
change.
Annual, monthly, or other periodic
changes to (1) the various dollar limits that
are adjusted for cost of living increases as
provided in section 415(d) or other Code
provisions, (2) the spot segment rates used
to determine the applicable interest rate
under section 417(e)(3), and (3) the applicable mortality table under section 417(e)
(3), are treated as included on the RA List
for the year in which such changes are
effective even though they are not directly
referenced on that RA List. The Treasury
Department and the IRS anticipate that
few plans have language that will need to
be amended on account of these changes.
The fact that a change in a requirement
is included on the RA List does not necessarily mean that a plan must be amended
as a result of that change. Each plan sponsor must determine whether a particular change in a requirement requires an
amendment to its plan.
IV. 2021 REQUIRED AMENDMENTS
LIST
Part A. C
 hanges in requirements that generally would require an amendment to most plans or to most
plans of the type affected by the
change.
• Special Financial Assistance Program for financially troubled multiemployer plans (American Rescue
Plan Act of 2021 section 9704). Section 9704 of the American Rescue
Plan Act of 2021, Pub. L. 117-2, 135
Stat. 4, added section 4262 to the

RA Lists also may include changes in requirements that were first effective in a prior year that were not included on a prior RA List under certain circumstances, such as changes in requirements that were issued or enacted after the prior year’s RA List was prepared.
6
The remedial amendment period and plan amendment deadline for discretionary changes to the terms of a qualified individually designed plan are governed by sections 5.05(2), 5.06(2), and
8.02 of Rev. Proc. 2016-37. The remedial amendment period and plan amendment deadline for discretionary changes to the terms of a section 403(b) individually designed plan are governed
by sections 5.03(1)(b), 5.03(2)(b), and 6.02 of Rev. Proc. 2019-39. These deadlines for discretionary changes are not affected by the inclusion of a change in requirements on an RA List.
5

December 13, 2021

870

Bulletin No. 2021–50

Employee Retirement Income Security Act of 1974, Pub. L. 93-406, 88
Stat. 829, as amended (ERISA) and
section 432(k) to the Code. Under
section 4262 of ERISA, the sponsor
of an eligible multiemployer plan as
defined in section 4262(b) of ERISA
may apply to the Pension Benefit
Guaranty Corporation (PBGC) to
receive special financial assistance,
provided certain conditions are satisfied. Section 432(k) of the Code provides rules relating to an eligible multiemployer plan that applies to PBGC
for special financial assistance. Section 432(k)(2)(A)(i) provides that an
eligible multiemployer plan receiving
special financial assistance under section 4262 of ERISA must reinstate
any benefits that were suspended
under section 432(e)(9) of the Code
or section 4245(a) of ERISA (which
corresponds to section 418E(a) of the
Code), effective as of the first month
in which the effective date for the
special financial assistance occurs,
for participants and beneficiaries as
of such month. Section 432(k)(2)
(A)(ii) provides that an eligible multiemployer plan must also provide
payments equal to the amount of
benefits previously suspended to any
participants or beneficiaries in pay

Bulletin No. 2021–50

status as of the effective date of the
special financial assistance, payable
as determined by the plan as a lump
sum within three months of the effective date or in equal monthly installments over a period of five years,
commencing within three months of
the effective date, with no adjustment
for interest.
Notice 2021-38, 2021-30 IRB 155,
provides guidance under section 432(k).
Among other things, Notice 2021-38
provides that, under section 432(k)(2)
(A)(i), if an eligible multiemployer plan
receiving special financial assistance
was previously amended to suspend
benefits pursuant to section 432(e)(9) of
the Code or section 4245(a) of ERISA,
or had suspended benefits operationally under section 418E(a) of the Code
without adopting a plan amendment,
the plan must be amended to reinstate
those suspended benefits, effective as of
the month in which the special financial
assistance is paid to the plan, for individuals who are participants or beneficiaries
as of that month. Notice 2021-38 also
provides that under section 432(k)(2)
(A)(ii), an eligible multiemployer plan
that receives special financial assistance
must be amended to provide make-up
payments to individuals who are participants or beneficiaries on, and who

871

have commenced benefits by, the date
the special financial assistance is paid
to the plan. The make-up payments to a
participant or a beneficiary must be paid,
as determined by the plan sponsor, either
as a lump sum within three months of
the date the special financial assistance
is paid to the plan or in equal monthly
installments over a period of five years,
commencing within three months of the
date the special financial assistance is
paid. The plan amendment providing for
the make-up payments must also specify
which distribution form (that is, a lumpsum payment or monthly installments)
will apply for the make-up payments to a
participant or beneficiary.
Part B. Other changes in requirements
that may require an amendment.
•

None

V. DRAFTING INFORMATION
The principal author of this notice is
Angelique Carrington of the Office of
Associate Chief Counsel (Employee Benefits, Exempt Organizations, and Employment Taxes). For further information
regarding this notice, contact Ms. Carrington at (202) 317-4148 (not a toll-free
number).

December 13, 2021

Part IV
Announcement of
Disciplinary Sanctions
From the Office of
Professional Responsibility
Announcement 2021-16
The Office of Professional Responsibility (OPR) announces recent disciplinary sanctions involving attorneys, certified public accountants, enrolled agents,
enrolled actuaries, enrolled retirement
plan agents, appraisers, and unenrolled/
unlicensed return preparers (individuals
who are not enrolled to practice and are
not licensed as attorneys or certified public accountants). Licensed or enrolled
practitioners are subject to the regulations
governing practice before the Internal
Revenue Service (IRS), which are set out
in Title 31, Code of Federal Regulations,
Subtitle A, Part 10, and which are released
as Treasury Department Circular No.
230. The regulations prescribe the duties
and restrictions relating to such practice
and prescribe the disciplinary sanctions
for violating the regulations. Unenrolled/
unlicensed return preparers are subject to
Revenue Procedure 81-38 and superseding guidance in Revenue Procedure 201442, which govern a preparer’s eligibility
to represent taxpayers before the IRS in
examinations of tax returns the preparer
both prepared for the taxpayer and signed
as the preparer. Additionally, unenrolled/
unlicensed return preparers who voluntarily participate in the Annual Filing Season Program under Revenue Procedure
2014-42 agree to be subject to the duties
and restrictions in Circular 230, including
the restrictions on incompetent or disreputable conduct.
The disciplinary sanctions to be
imposed for violation of the applicable
standards are:
Disbarred from practice before the
IRS—An individual who is disbarred
is not eligible to practice before the IRS
as defined at 31 C.F.R. § 10.2(a)(4) for a
minimum period of five (5) years.
Suspended from practice before the
IRS—An individual who is suspended is

December 13, 2021

not eligible to practice before the IRS as
defined at 31 C.F.R. § 10.2(a)(4) during
the term of the suspension.
Censured in practice before the
IRS—Censure is a public reprimand.
Unlike disbarment or suspension, censure
does not affect an individual’s eligibility
to practice before the IRS, but OPR may
subject the individual’s future practice
rights to conditions designed to promote
high standards of conduct.
Monetary penalty—A monetary penalty may be imposed on an individual who
engages in conduct subject to sanction,
or on an employer, firm, or entity if the
individual was acting on its behalf and it
knew, or reasonably should have known,
of the individual’s conduct.
Disqualification of appraiser—An
appraiser who is disqualified is barred
from presenting evidence or testimony in
any administrative proceeding before the
Department of the Treasury or the IRS.
Ineligible for limited practice—An
unenrolled/unlicensed return preparer
who fails to comply with the requirements
in Revenue Procedure 81-38 or to comply
with Circular 230 as required by Revenue
Procedure 2014-42 may be determined
ineligible to engage in limited practice as
a representative of any taxpayer.
Under the regulations, individuals
subject to Circular 230 may not assist, or
accept assistance from, individuals who
are suspended or disbarred with respect
to matters constituting practice (i.e., representation) before the IRS, and they may
not aid or abet suspended or disbarred
individuals to practice before the IRS.
Disciplinary sanctions are described in
these terms:
Disbarred by decision, Suspended by
decision, Censured by decision, Monetary penalty imposed by decision, and
Disqualified after hearing—An administrative law judge (ALJ) issued a decision
imposing one of these sanctions after the
ALJ either (1) granted the government’s
summary judgment motion or (2) conducted an evidentiary hearing upon OPR’s
complaint alleging violation of the regulations. After 30 days from the issuance of
the decision, in the absence of an appeal,

872

the ALJ’s decision becomes the final
agency decision.
Disbarred by default decision, Suspended by default decision, Censured
by default decision, Monetary penalty
imposed by default decision, and Disqualified by default decision—An ALJ,
after finding that no answer to OPR’s complaint was filed, granted OPR’s motion for
a default judgment and issued a decision
imposing one of these sanctions.
Disbarment by decision on appeal,
Suspended by decision on appeal, Censured by decision on appeal, Monetary penalty imposed by decision on
appeal, and Disqualified by decision
on appeal—The decision of the ALJ was
appealed to the agency appeal authority,
acting as the delegate of the Secretary
of the Treasury, and the appeal authority
issued a decision imposing one of these
sanctions.
Disbarred by consent, Suspended by
consent, Censured by consent, Monetary penalty imposed by consent, and
Disqualified by consent—In lieu of a
disciplinary proceeding being instituted
or continued, an individual offered a consent to one of these sanctions and OPR
accepted the offer. Typically, an offer of
consent will provide for: suspension for
an indefinite term; conditions that the
individual must observe during the suspension; and the individual’s opportunity, after a stated number of months, to
file with OPR a petition for reinstatement
affirming compliance with the terms of
the consent and affirming current fitness
and eligibility to practice (i.e., an active
professional license or active enrollment
status, with no intervening violations of
the regulations).
Suspended indefinitely by decision in
expedited proceeding, Suspended indefinitely by default decision in expedited
proceeding, Suspended by consent in
expedited proceeding—OPR instituted
an expedited proceeding for suspension
(based on certain limited grounds, including loss of a professional license for cause,
and criminal convictions).
Determined ineligible for limited
practice—There has been a final determination that an unenrolled/unlicensed

Bulletin No. 2021–50

return preparer is not eligible for limited
representation of any taxpayer because the
preparer violated standards of conduct or
failed to comply with any of the requirements to act as a representative.
A practitioner who has been disbarred
or suspended under 31 C.F.R. § 10.60, or
suspended under § 10.82, or a disqualified
appraiser may petition for reinstatement
before the IRS after the expiration of 5
years following such disbarment, suspension, or disqualification (or immediately
following the expiration of the suspension
or disqualification period if shorter than 5
years). Reinstatement will not be granted
unless the IRS is satisfied that the petitioner is not likely to engage thereafter in
conduct contrary to Circular 230, and that
granting such reinstatement would not be
contrary to the public interest.

Reinstatement decisions are published
at the individual’s request, and described
in these terms:
Reinstated to practice before the
IRS—The individual’s petition for
reinstatement has been granted. The
agent, and eligible to practice before the
IRS, or in the case of an appraiser, the
individual is no longer disqualified.
Reinstated to engage in limited practice before the IRS—The individual’s
petition for reinstatement has been granted.
The individual is an unenrolled/unlicensed
return preparer and eligible to engage in
limited practice before the IRS, subject to
requirements the IRS has prescribed for
limited practice by tax return preparers.
OPR has authority to disclose the
grounds for disciplinary sanctions in these
situations: (1) an ALJ or the Secretary’s
delegate on appeal has issued a final deci-

City & State

Name

Professional
Designation

California
Los Angeles

Zita, Roland

CPA

Florida
Miami

Viera, Gustavo A.

CPA

St. Augustine

Magnaldi, Michael G.

Enrolled Agent

Massachusetts
Springfield

Houle, Ronan P.

Michigan
Ludington

sion; (2) the individual has settled a disciplinary case by signing OPR’s “consent
to sanction” agreement admitting to one
or more violations of the regulations and
consenting to the disclosure of the admitted violations (for example, failure to file
Federal income tax returns, lack of due
diligence, conflict of interest, etc.); (3)
OPR has issued a decision in an expedited
proceeding for indefinite suspension; or
(4) OPR has made a final determination
(including any decision on appeal) that an
unenrolled/unlicensed return preparer is
ineligible to represent any taxpayer before
the IRS.
Announcements of disciplinary sanctions appear in the Internal Revenue Bulletin at the earliest practicable date. The
sanctions announced below are alphabetized first by state and second by the last
names of the sanctioned individuals.

Disciplinary Sanction

Effective Date(s)

Reinstated to practice
before the IRS, effective
June 11, 2021
Suspended by default decision
in expected proceeding under
31 C.F.R. § 10.82(b)
Suspended by default decision
in expedited proceeding under
31 C.F.R. § 10.82(b)

Indefinite from
August 20, 2021

CPA

Suspended by default decision
in expedited proceeding under
31 C.F.R. § 10.82(b)

Indefinite from
July 15, 2021

Piper, Paul P.

Enrolled Agent

Indefinite from
September 23, 2021

Jenison

Buchholz, Robert A.

CPA

Suspended by default decision
in expedited proceeding under
31 C.F.R § 10.82(b)
Suspended by decision in
expedited processing under
31 C.F.R. § 10.82(b)

Minnesota
Lakeville

Kashef, Cyrus R.

Attorney

Bulletin No. 2021–50

Indefinite from
August 26, 2021

Indefinite from
August 26, 2021

Reinstated to practice
before the IRS, effective
August 19, 2021

873

December 13, 2021

City & State

Name

Professional
Designation

Disciplinary Sanction

Effective Date(s)

Montana
Missoula

Burke, Daniel B.

CPA

Suspended by default decision
in expedited proceeding under
31 C.F.R. § 10.82(b)

Indefinite from
September 30, 2021

Nebraska
Wakefield

Pommer, Michael J.

CPA

Suspended by default decision
in expedited proceeding under
31 C.F.R. § 10.82(b)

Indefinite from
September 23, 2021

Nevada
Las Vegas

Gewerter, Harold P.

Attorney

Suspended by default decision
in expedited proceeding under
31 C.F.R. § 10.82(b)

Indefinite from
September 30, 2021

New Mexico
Deming

Laws, Thomas H.

CPA

Suspended by default decision
in expedited proceeding under
31 C.F.R. § 10.82(b)

Indefinite from
September 30, 2021

New York
Brooklyn

Agu, Lydia C.

Attorney

Indefinite from
July 8, 2021

Woodmere

Greenwald, Shaun

CPA

Staten Island

Levine, Joshua

CPA

Suspended by default decision
in expedited proceeding under
31 C.F.R. § 10.82(b)
Suspended by decision in
expedited proceeding under
31 C.F.R. § 10.82(b)
Suspended by decision in
expedited processing under
31 C.F.R. § 10.82(b)

Attorney

Suspended by default decision
in expedited proceeding under
31 C.F.R. § 10.82(b)

Indefinite from
September 30, 2021

North Carolina
Huntersville
Brennan, Jr.,
Martin M.

Indefinite from
September 30, 2021
Indefinite from
July 8, 2021

Ohio
Powell

Wolf, Nicholas J.

CPA

Suspended by default decision
in expedited proceeding under
31 C.F.R. § 10.82(b)

Indefinite from
September 30, 2021

Pennsylvania
Norwood

Fleming, April A.

Enrolled Agent

Suspended by default decision
in expedited proceeding under
31 C.F.R. § 10.82(b)

Indefinite from
August 20, 2021

Texas
Granbury

Fleming, Douglas A.

CPA

Suspended by default decision
in expedited proceeding under
31 C.F.R. § 10.82(b)

Indefinite from
September 30, 2021

December 13, 2021

874

Bulletin No. 2021–50

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. 2021–50

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.

December 13, 2021

Numerical Finding List1
Bulletin 2021–50

Announcements:
2021-12, 2021-31 I.R.B. 267
2021-13, 2021-33 I.R.B. 314
2021-14, 2021-33 I.R.B. 315
2021-15, 2021-49 I.R.B. 846
2021-16, 2021-50 I.R.B. 872

AOD:
2021-4, 2021-47 I.R.B. 725

Notices:
2021-39, 2021-27 I.R.B. 3
2021-40, 2021-28 I.R.B. 15
2021-41, 2021-29 I.R.B. 17
2021-42, 2021-29 I.R.B. 19
2021-38, 2021-30 I.R.B. 155
2021-44, 2021-31 I.R.B. 166
2021-45, 2021-31 I.R.B. 170
2021-47, 2021-32 I.R.B. 269
2021-46, 2021-33 I.R.B. 303
2021-48, 2021-33 I.R.B. 305
2021-49, 2021-34 I.R.B. 316
2021-43, 2021-35 I.R.B. 332
2021-50, 2021-35 I.R.B. 333
2021-51, 2021-36 I.R.B. 361
2021-52, 2021-38 I.R.B. 381
2021-53, 2021-39 I.R.B. 438
2021-54, 2021-41 I.R.B. 457
2021-55, 2021-41 I.R.B. 461
2021-58, 2021-43 I.R.B. 660
2021-59, 2021-43 I.R.B. 664
2021-57, 2021-44 I.R.B. 706
2021-56, 2021-45 I.R.B. 716
2021-60, 2021-45 I.R.B. 719
2021-35, 2021-46 I.R.B. 723
2021-61, 2021-47 I.R.B. 738
2021-62, 2021-49 I.R.B. 831
2021-63, 2021-49 I.R.B. 835
2021-64, 2021-50 I.R.B. 869

Proposed Regulations:
REG-107705-21, 2021-30 I.R.B. 162
REG-102951-16, 2021-32 I.R.B. 272
REG-109077-21, 2021-39 I.R.B. 445
REG-100718-21, 2021-42 I.R.B. 653
REG-107707-21, 2021-42 I.R.B. 657
REG 117575-21, 2021-49 I.R.B. 847

Revenue Procedures:—Continued
2021-24, 2021-29 I.R.B. 19
2021-14, 2021-30 I.R.B. 158
2021-30, 2021-31 I.R.B. 172
2021-31, 2021-33 I.R.B. 324
2021-33, 2021-34 I.R.B. 327
2021-34, 2021-35 I.R.B. 337
2021-35, 2021-35 I.R.B. 355
2021-36, 2021-35 I.R.B. 357
2021-37, 2021-38 I.R.B. 385
2021-38, 2021-38 I.R.B. 425
2021-39, 2021-38 I.R.B. 426
2021-40, 2021-38 I.R.B. 426
2021-41, 2021-39 I.R.B. 443
2021-32, 2021-42 I.R.B. 465
2021-44, 2021-42 I.R.B. 469
2021-42, 2021-43 I.R.B. 666
2021-46, 2021-47 I.R.B. 740
2021-45, 2021-48 I.R.B. 764
2021-47, 2021-48 I.R.B. 775
2021-48, 2021-49 I.R.B. 835
2021-49, 2021-49 I.R.B. 838
2021-50, 2021-49 I.R.B. 844

Revenue Rulings:
2021-12, 2021-27 I.R.B. 1
2021-13, 2021-30 I.R.B. 152
2021-14, 2021-31 I.R.B. 164
2021-19, 2021-42 I.R.B. 470
2021-15, 2021-35 I.R.B. 331
2021-16, 2021-36 I.R.B. 359
2021-17, 2021-37 I.R.B. 362
2021-18, 2021-40 I.R.B. 447
2021-21, 2021-44 I.R.B. 704
2021-22, 2021-47 I.R.B. 726
2021-23, 2021-49 I.R.B. 779
2021-24, 2021-50 I.R.B. 850

Treasury Decisions:
9951, 2021-30 I.R.B. 25
9952, 2021-39 I.R.B. 428
9953, 2021-39 I.R.B. 430
9956, 2021-41 I.R.B. 449
9957, 2021-41 I.R.B. 452
9955, 2021-42 I.R.B. 471
9958, 2021-49 I.R.B. 781

Revenue Procedures:
2021-28, 2021-27 I.R.B. 5
2021-29, 2021-27 I.R.B. 12

A cumulative list of all revenue rulings, revenue procedures, Treasury decisions, etc., published in Internal Revenue Bulletins 2021–27 through 2021–52 is in Internal Revenue Bulletin
2021–52, dated December 27, 2021.
1

December 13, 2021

ii

Bulletin No. 2021–50

Finding List of Current Actions on
Previously Published Items1
Bulletin 2021–50

A cumulative list of all revenue rulings, revenue procedures, Treasury decisions, etc., published in Internal Revenue Bulletins 2021–27 through 2021–52 is in Internal Revenue Bulletin
2021–52, dated December 27, 2021.
1

Bulletin No. 2021–50

iii

December 13, 2021

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.

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Source: Frix Law Library, https://www.frixlaw.com/law-library/documents/agency%3Airs%3A8451be7c96e43598. Public record. Not legal advice.