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HIGHLIGHTS
OF THIS ISSUE




Bulletin No. 2024–9
February 26, 2024

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 2024-11, page 683.

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.

INCOME TAX
Rev. Proc. 2024-12, page 677.

This revenue procedure sets forth a temporary extension of
time to perform the procedures under §§ 30D(d)(1)(H) and
25E(c)(1)(D)(i) of the Internal Revenue Code (Code) for the
provision of seller reports to the IRS. This revenue procedure modifies sections 5.01 and 6.03 of Rev. Proc. 2022-42

Finding Lists begin on page ii.

and section 7.03(1) of Rev. Proc. 2023-33, providing new
information for the timing and manner of submission of seller
reports for sales of vehicles qualifying for the clean vehicle
credit or the previously-owned clean vehicle credit under §§
30D and 25E, respectively.

Rev. Proc. 2024-13, page 678.

This revenue procedure provides: (1) two tables of limitations
on depreciation deductions for owners of passenger automobiles placed in service by the taxpayer during calendar
year 2024; and (2) a table of dollar amounts that must be
used to determine income inclusions by lessees of passenger automobiles with a lease term beginning in calendar year
2024. The tables detailing these depreciation limitations and
amounts used to determine lessee income inclusions reflect
the automobile price inflation adjustments required by section 280F(d)(7). For purposes of this revenue procedure, the
term “passenger automobiles” includes trucks and vans.

Rev. Proc. 2024-14, page 682.

This revenue procedure provides indexing adjustments for
the applicable dollar amounts under section 4980H(c)(1) and
(b)(1) of the Internal Revenue Code. These indexed amounts
are used to calculate the employer shared responsibility payments under section 4980H(a) and (b)(1), 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.

February 26, 2024 

Bulletin No. 2024–9

Part III
Sections 25E and 30D
Temporary Extension of
Time to Submit Seller
Report to the IRS
Rev. Proc. 2024-12
SECTION 1. PURPOSE
This revenue procedure extends the
time for providing certain seller reports
under §§ 25E(c)(1)(D)(i) and 30D(d)(1)
(H) of the Internal Revenue Code (Code)1
to the IRS. This revenue procedure modifies sections 5.01 and 6.03 of Rev. Proc.
2022-42, 2022-52 I.R.B. 565, and section
7.03(1) of Rev. Proc. 2023-33, 2023-43
I.R.B. 1135, regarding the time and manner for submitting seller reports for sales
of vehicles qualifying for the clean vehicle credit or the previously-owned clean
vehicle credit under §§ 30D and 25E,
respectively.
SECTION 2. BACKGROUND
.01 Section 30D, Clean Vehicle Credit.
Section 30D was enacted by § 205(a) of
the Energy Improvement and Extension
Act of 2008, Division B of Public Law
110-343, 122 Stat. 3765, 3835 (October
3, 2008), to provide a credit for purchasing and placing in service new qualified
plug-in electric drive motor vehicles.
Section 30D has been amended several
times since its enactment, most recently
by § 13401 of Public Law 117-169, 136
Stat. 1818 (August 16, 2022), commonly
known as the Inflation Reduction Act of
2022 (IRA). As amended by § 13401(c)
(1) of the IRA, § 30D(d)(1) defines a new
clean vehicle as a motor vehicle that satisfies eight requirements, including that the
person who sells any vehicle to the taxpayer must furnish a report to the taxpayer
and to the Secretary of the Treasury or her
delegate (Secretary) at such time and in
such manner as the Secretary provides,
containing a list of items enumerated in

1

§ 30D(d)(1)(H)(i) through (vi). In general,
the amendments made by § 13401 of the
IRA to § 30D apply to vehicles placed in
service after December 31, 2022, except
as provided in § 13401(k)(2) through (5)
of the IRA.
.02 Section 25E, Previously-Owned
Clean Vehicle Credit. Section 13402 of
the IRA added § 25E to the Code. Section 25E(a) provides that, in the case of
a qualified buyer who during a taxable
year places in service a previously-owned
clean vehicle, an income tax credit is
allowed for the taxable year equal to the
lesser of: (1) $4,000, or (2) the amount
equal to 30 percent of the sale price with
respect to such vehicle (§ 25E credit). Section 25E(c)(1) defines a previously-owned
clean vehicle to include a requirement that
the motor vehicle meet the seller reporting
requirements of § 30D(d)(1)(H).
.03 Revenue Procedure 2022-42. Rev.
Proc. 2022-42 sets forth certain requirements for qualified manufacturers and
sellers of vehicles, including procedures
for persons selling vehicles to submit
seller reports to the IRS.
(1) Section 5.01 of Rev. Proc. 2022-42
provides that, for purposes of § 30D(d)(1)
(H), the person who sells any vehicle to the
taxpayer or, for purposes of § 25E(c)(1)
(D)(i), the dealer (as defined in § 30D(g)
(8)) who sells any vehicle to the taxpayer,
as applicable, (collectively, seller) must
furnish a report to the taxpayer and the
IRS, at such time and in such manner as
the Secretary provides containing certain
information that is listed in section 5.01 of
Rev. Proc 2022-42.
(2) Section 6.03 of Rev. Proc. 2022-42
provides that, for vehicle sales occurring
in calendar year 2023 and later, sellers
must file reports pursuant to section 5 of
Rev. Proc. 2022-42 with the IRS within
fifteen days after the end of the calendar
year. Section 6.03 of Rev. Proc. 2022-42
further provides that sellers must submit
their reporting information in a format and
method that the Secretary provides, and
that the first reports from sellers will be
due on January 15, 2024.

.04 Revenue Procedure 2023-33. Section 7.03 of Revenue Procedure 2023-33
modified sections 5.01 and 6.03 of Rev.
Proc. 2022-42, regarding procedures for
persons selling vehicles and submitting
seller reports to the IRS.
(1) Section 7.03(1) of Rev. Proc. 202333 provides that, for sales for which the
vehicle is placed in service by the taxpayer
on or after January 1, 2024, a seller must
file the seller report described in section
5.01 of Rev. Proc. 2022-42 through the
IRS Energy Credits Online Portal within
3 calendar days of the date of sale. Section 7.03(1) of Rev. Proc. 2023-33 further
provides that whenever feasible, the seller
report should be filed in conjunction with
the completion of the sale and at the time
the seller report is provided to the purchaser.
(2) Section 12 of Rev. Proc. 202333 provides, in relevant part, that the
requirements of section 7.03(1) of Rev.
Proc. 2023-33 regarding submitting seller
reports through the IRS Energy Credits
Online Portal supersede the timing and
manner of filing requirements in sections
5.01 and 6.03 of Rev. Proc. 2022-42.
.05 Reasons for modifications to Rev.
Proc. 2022-42 and Rev. Proc. 2023-33.
The Department of the Treasury and the
IRS have determined that it is appropriate
to modify certain aspects of Rev. Proc.
2022-42 and Rev. Proc. 2023-33 related to
seller reports under §§ 30D(d)(1)(H) and
25E(c)(1)(D)(i) in the interest of sound
tax administration. Specifically, the modifications to sections 5.01 and 6.03 of Rev.
Proc. 2022-42 and section 7.03(1) of Rev.
Proc. 2023-33 provide sellers additional
time to submit certain seller reports to the
IRS.
SECTION 3. MODIFICATIONS TO
REV. PROC. 2022-42
.01 Modification of section 5.01 of Rev.
Proc. 2022-42. Section 5.01 of Rev. Proc.
2022-42 is modified to read as follows:
.01 Required reports under Sections
30D and 25E. For purposes of § 30D(d)

Unless otherwise specified, all “Section” or “§” references are to sections of the Code.

Bulletin No. 2024–9

677

February 26, 2024

(1)(H), the person who sells any vehicle to the taxpayer or, for purposes of
§ 25E(c)(1)(D)(i), the dealer (as defined
in § 30D(g)(8)) who sells any vehicle to
the taxpayer, as applicable, (collectively,
seller) must furnish a report to the taxpayer and the IRS, at such time and in
such manner as the Secretary provides
containing information that is listed in this
section 5.01. For vehicle sales occurring
in calendar year 2023, the seller must provide the report to the taxpayer not later
than the date the vehicle is purchased and
must submit the report to the IRS containing the following information (other
than the information described in section
5.01(7)) no later than February 15, 2024:
(1) The name and taxpayer identification number of the seller;
(2) The name and taxpayer identification number of the taxpayer;
(3) The vehicle identification number
of the vehicle, unless, in accordance with
any applicable rules promulgated by the
Secretary of Transportation, the vehicle is
not assigned such a number;
(4) The battery capacity of the vehicle;
(5) Only for sales of new clean vehicles, verification that original use of the
vehicle commences with the taxpayer;
(6) The date of sale, sale price of the
vehicle, and maximum credit under § 30D
or § 25E, as applicable, allowable to the
taxpayer with respect to the vehicle;
(7) For sales after December 31, 2023,
in the case of a taxpayer who makes an
election to transfer the credit to an eligible
entity under § 30D(g)(1), any amount paid
or otherwise allowable as a partial payment or down payment to the taxpayer;
and
(8) A declaration applicable to the
report signed by a person currently authorized to bind the seller in these matters,
in the following form: “Under penalties
of perjury, I declare that I have examined
this report submitted to the IRS pursuant
to Revenue Procedure 2022-42 by [insert
name of seller], and to the best of my
knowledge and belief I certify that this
report is true, correct, and complete.” This
written report must be provided to the IRS
in the time and manner described in section 6.03 of this revenue procedure.
.02 Modification of Section 6.03 of Rev.
Proc. 2022-42. Section 6.03 of Rev. Proc.
2022-42 is modified to read as follows:

February 26, 2024

.03 Time for Filing Seller Reports.
For vehicle sales occurring in calendar
year 2023, Sellers must file reports pursuant to section 5 of this revenue procedure
and section § 30D(d)(1)(H) with the IRS
no later than February 15, 2024. Sellers
must submit their reporting information to
the IRS in a format and method that the
Secretary provides.
SECTION 4. MODIFICATIONS TO
REV. PROC. 2023-33
.01 Modification of section 7.03 of Rev.
Proc. 2023-33. Section 7.03(1) of Rev.
Proc. 2023-33 is modified to read as follows:
(1) Submission of seller reports for
sales made on or after January 1, 2024.
For sales for which the vehicle is placed
in service by the taxpayer between January 1, 2024, and January 16, 2024, a seller
must file the seller report described in section 5.01 of Rev. Proc. 2022-42, as modified by Rev. Proc. 2024-12, through the
IRS Energy Credits Online Portal no later
than January 19, 2024. For sales for which
the vehicle is placed in service by the taxpayer on or after January 17, 2024, a seller
must file the seller report described in section 5.01 of Rev. Proc. 2022-42, as modified by Rev. Proc. 2024-12, through the
IRS Energy Credits Online Portal within
3 calendar days of the date of sale. Whenever feasible, the seller report should be
filed in conjunction with the completion
of the sale and at the time the seller report
is provided to the purchaser.
SECTION 5. EFFECT ON OTHER
DOCUMENTS
Section 7.03(1) of Rev. Proc. 202333 is modified. Sections 5.01 and 6.03 of
Rev. Proc. 2022-42 are further modified.
SECTION 6. PAPERWORK
REDUCTION ACT
.01 The Paperwork Reduction Act
of 1995 (44 U.S.C. 3501–3520) (PRA)
requires that a Federal agency obtain the
approval of the Office of Management
and Budget (OMB) before collecting
information from the public, whether such
collection of information is mandatory,
voluntary, or required to obtain or retain a

678

benefit. A Federal agency may not conduct
or sponsor, and a person is not required to
respond to, a collection of information
unless the collection of information displays a valid control number.
.02 The revenue procedure mentions
reporting, third-party disclosure and
recordkeeping requirements, as detailed
in Revenue Procedure 2022-24, and Revenue Procedure 2023-33. This information is collected and retained to ensure
that dealers and sellers properly submit
records to claim the transfer election and
properly retain records. This information
will be used to determine whether the
dealer is eligible for the claimed advance
payment election. These seller reports
and recordkeeping requirements were
approved by OMB under 1545-2137 and
1545-2311. This revenue procedure does
not change the previously approved collection requirements; it only extends the
deadline for filing the seller reports, as
outlined in sections 3 and 4 of this revenue procedure. Extending the deadline
does not change the previously approved
burden.
.03 Books or records relating to a collection of information must be retained as
long as their contents may become material in the administration of any internal
revenue law. Generally, tax returns and
tax return information are confidential, as
required by § 6103.
SECTION 7. DRAFTING
INFORMATION
The principal author of this revenue
procedure is the Office of Associate Chief
Counsel (Passthroughs & Special Industries). For questions regarding this revenue procedure, contact at (202) 317-6855
(not a toll-free number).
26 CFR 601.105: Examination of returns and claims
for refund, credit, or abatement; determination of
correct tax liability.
(Also Part I, §§ 280F; 1.280F-7.)

Rev. Proc. 2024-13
SECTION 1. PURPOSE
This revenue procedure provides: (1)
two tables of limitations on depreciation

Bulletin No. 2024–9

deductions for owners of passenger automobiles placed in service by the taxpayer
during calendar year 2024; and (2) a table
of dollar amounts that must be used to
determine income inclusions by lessees of
passenger automobiles with a lease term
beginning in calendar year 2024. These
tables reflect the automobile price inflation adjustments required by § 280F(d)
(7) of the Internal Revenue Code. For purposes of this revenue procedure, the term
“passenger automobiles” includes trucks
and vans.
SECTION 2. BACKGROUND
.01 For owners of passenger automobiles, § 280F(a) imposes dollar limitations
on the depreciation deduction for the year
the taxpayer places the passenger automobile in service and for each succeeding
year. For passenger automobiles placed in
service after 2018, § 280F(d)(7) requires
the Internal Revenue Service to increase
the amounts allowable as depreciation
deductions by a price inflation adjustment
amount that is determined using the automobile component of the Chained Consumer Price Index for All Urban Consumers published by the Department of Labor
(C-CPI-U).
.02 Section 168(k)(1) provides that, in
the case of qualified property, the depreciation deduction allowed under § 167(a)
for the taxable year in which the property
is placed in service includes an allowance
equal to the applicable percentage of the
property’s adjusted basis, referred to as
“§ 168(k) additional first year depreciation deduction” hereinafter. Pursuant to
§ 168(k)(6)(A), the applicable percentage is
100 percent for qualified property acquired
and placed in service after September 27,
2017, and placed in service before January
1, 2023, and is phased down 20 percent
each year for property placed in service
through December 31, 2026. Accordingly,
the applicable percentage for qualified
property acquired after September 27,
2017, and placed in service after December 31, 2023, and before January 1, 2025, is
60 percent. Pursuant to § 168(k)(8)(D)(i),
no § 168(k) additional first year depreciation deduction is allowed or allowable for
qualified property acquired by the taxpayer
before September 28, 2017, and placed
in service by the taxpayer after 2019. For

Bulletin No. 2024–9

qualified property acquired and placed in
service after September 27, 2017, § 168(k)
(2)(F)(i) increases the first-year depreciation allowed under § 280F(a)(1)(A)(i) by
$8,000.
.03 Tables 1 and 2 of this revenue procedure provide depreciation limitations for
passenger automobiles placed in service
by the taxpayer during calendar year 2024.
Table 1 provides depreciation limitations
for passenger automobiles acquired by the
taxpayer after September 27, 2017, and
placed in service by the taxpayer during
calendar year 2024, for which the § 168(k)
additional first year depreciation deduction applies. Table 2 provides depreciation limitations for passenger automobiles
placed in service by the taxpayer during
calendar year 2024 for which no § 168(k)
additional first year depreciation deduction
applies. The § 168(k) additional first year
depreciation deduction does not apply for
2024 if the taxpayer: (1) did not use the
passenger automobile during 2024 more
than 50 percent for business purposes;
(2) elected out of the § 168(k) additional
first year depreciation deduction pursuant
to § 168(k)(7) for the class of property
that includes passenger automobiles; (3)
acquired the passenger automobile used
and the acquisition of such property did
not meet the acquisition requirements in
§ 168(k)(2)(E)(ii) and § 1.168(k)-2(b)(3)
(iii) of the Income Tax Regulations; or (4)
acquired the passenger automobile before
September 28, 2017, and placed it in service after 2019.
.04 Section 280F(c)(2) requires a
reduction to the amount allowable as a
deduction to the lessee of a leased passenger automobile. Pursuant to § 280F(c)(3),
the reduction must be substantially equivalent to the limitations on the depreciation
deductions imposed on owners of passenger automobiles. Under § 1.280F-7(a), this
reduction is accomplished by requiring
the lessee to include in gross income an
amount determined by applying a formula
to a dollar amount obtained from a table.
.05 Table 3 of this revenue procedure
provides the dollar amount used by lessees of passenger automobiles with a lease
term beginning in 2024 to determine the
income inclusion amount for those passenger automobiles. The table provides
dollar amounts for a range of fair market
values.

679

SECTION 3. SCOPE
.01 The limitations on depreciation
deductions in Tables 1 and 2 in section
4.01(2) of this revenue procedure apply to
passenger automobiles, other than leased
passenger automobiles, that are placed in
service by the taxpayer in calendar year
2024, and continue to apply for each taxable year that the passenger automobile
remains in service.
.02 The dollar amounts in Table 3 of
this revenue procedure apply to leased
passenger automobiles with a lease term
beginning in calendar year 2024, and continue to apply for each taxable year during
the lease.
.03 See Rev. Proc. 2019-26, 2019-24
I.R.B. 1323, for passenger automobiles
placed in service or leased during calendar year 2019; Rev. Proc. 2020-37, 202033 I.R.B. 381, for passenger automobiles
placed in service or leased during calendar year 2020; Rev. Proc. 2021-31, 202134 I.R.B. 324, for passenger automobiles
placed in service or leased during calendar year 2021; Rev. Proc. 2022-17, 202213 I.R.B. 930, for passenger automobiles
placed in service or leased during calendar year 2022; and Rev. Proc. 2023-14,
2023-6 I.R.B. 466, for passenger automobiles placed in service or leased during
calendar year 2023.
SECTION 4. APPLICATION
.01 Limitations on Depreciation
Deductions for Certain Automobiles.
(1) Amount of the inflation adjustment.
Under § 280F(d)(7)(B)(i), the automobile
price inflation adjustment for any calendar
year is the percentage (if any) by which the
C-CPI-U automobile component for October of the preceding calendar year exceeds
the automobile component of the CPI (as
defined in § 1(f)(4)) for October of 2017,
multiplied by the amount determined
under § 1(f)(3)(B). The amount determined under § 1(f)(3)(B) is the amount
obtained by dividing the new vehicle
component of the C-CPI-U for calendar
year 2016 by the new vehicle component
of the CPI for calendar year 2016, where
the C-CPI-U and the CPI for calendar year
2016 means the average of such amounts
as of the close of the 12-month period ending on August 31, 2016. Section 280F(d)

February 26, 2024

(7)(B)(ii) defines the term “C-CPI-U
automobile component” as the automobile component of the Chained Consumer
Price Index for All Urban Consumers as
described in § 1(f)(6). The product of
the October 2017 CPI new vehicle component (144.868) and the amount determined under § 1(f)(3)(B) (0.694370319)
is 100.592. The new vehicle component
of the C-CPI-U released in November
2023 was 124.743 for October 2023. The
October 2023 C-CPI-U new vehicle component exceeded the product of the October 2017 CPI new vehicle component and
the amount determined under § 1(f)(3)(B)
by 24.151 (124.743 - 100.592). The per-

centage by which the C-CPI-U new vehicle component for October 2023 exceeds
the product of the new vehicle component
of the CPI for October of 2017 and the
amount determined under § 1(f)(3)(B) is
24.009 percent (24.151/100.592 x 100%),
the automobile price inflation adjustment
for 2024 for passenger automobiles. The
dollar limitations in § 280F(a) are therefore multiplied by a factor of 0.24009, and
the resulting increases, after rounding to
the nearest $100, are added to the 2018
limitations to give the depreciation limitations applicable to passenger automobiles
for calendar year 2024. This adjustment
applies to all passenger automobiles that

are placed in service in calendar year
2024.
(2) Amount of the limitation. Tables 1
and 2 of this revenue procedure contain
the depreciation limitation for each taxable
year for passenger automobiles a taxpayer
placed in service during calendar year
2024. Use Table 1 for a passenger automobile to which the § 168(k) additional
first year depreciation deduction applies
that is acquired by the taxpayer after September 27, 2017, and placed in service by
the taxpayer during calendar year 2024;
use Table 2 for a passenger automobile
for which no § 168(k) additional first year
depreciation deduction applies.

REV. PROC. 2024-13 TABLE 1
DEPRECIATION LIMITATIONS FOR PASSENGER AUTOMOBILES ACQUIRED
AFTER SEPTEMBER 27, 2017, AND PLACED IN SERVICE DURING CALENDAR
YEAR 2024, FOR WHICH THE § 168(k) ADDITIONAL FIRST YEAR DEPRECIATION
DEDUCTION APPLIES
Tax Year
1st Tax Year
2nd Tax Year
3rd Tax Year
Each Succeeding Year

Amount
$ 20,400
$ 19,800
$ 11,900
$ 7,160

REV. PROC. 2024-13 TABLE 2
DEPRECIATION LIMITATIONS FOR PASSENGER AUTOMOBILES
PLACED IN SERVICE DURING CALENDAR YEAR 2024 FOR WHICH NO § 168(k)
ADDITIONAL FIRST YEAR DEPRECIATION DEDUCTION APPLIES
Tax Year
1st Tax Year
2nd Tax Year
3rd Tax Year
Each Succeeding Year

.02 Inclusions in Income of Lessees of
Passenger Automobiles.
A taxpayer must follow the procedures
in § 1.280F-7(a) for determining the inclu-

February 26, 2024

Amount
$ 12,400
$ 19,800
$ 11,900
$ 7,160

sion amounts for passenger automobiles
with a lease term beginning in calendar
year 2024. In applying these procedures,

680

lessees of passenger automobiles should
use Table 3 of this revenue procedure.

Bulletin No. 2024–9

REV. PROC. 2024-13 TABLE 3
DOLLAR AMOUNTS FOR PASSENGER AUTOMOBILES
WITH A LEASE TERM BEGINNING IN CALENDAR YEAR 2024
Fair Market Value
of Passenger
Automobile
Over
$62,000
64,000
66,000
68,000
70,000
72,000
74,000
76,000
78,000
80,000
85,000
90,000
95,000
100,000
110,000
120,000
130,000
140,000
150,000
160,000
170,000
180,000
190,000
200,000
210,000
220,000
230,000
240,000

Fair Market Value
of Passenger
Automobile
Not Over
$64,000
66,000
68,000
70,000
72,000
74,000
76,000
78,000
80,000
85,000
90,000
95,000
100,000
110,000
120,000
130,000
140,000
150,000
160,000
170,000
180,000
190,000
200,000
210,000
220,000
230,000
240,000
and over

SECTION 5. EFFECTIVE DATE
This revenue procedure applies to
passenger automobiles placed in service
during calendar year 2024 or with a lease
term beginning in calendar year 2024.

Bulletin No. 2024–9

1st Tax Year
During Lease

2nd Tax Year
During Lease

3rd Tax Year
During Lease

4th Tax Year
During Lease

5th Tax Year During
Lease & Later

7
21
35
49
62
76
90
104
118
142
177
211
246
298
367
437
506
575
645
714
783
852
922
991
1,060
1,130
1,199
1,268

16
47
77
107
138
168
199
229
259
313
388
465
541
655
807
958
1,111
1,263
1,414
1,566
1,719
1,871
2,022
2,175
2,327
2,478
2,631
2,783

24
69
114
159
204
250
294
340
385
463
577
689
802
971
1,196
1,423
1,647
1,873
2,099
2,325
2,549
2,775
3,001
3,226
3,452
3,678
3,902
4,128

28
82
136
191
245
298
353
406
461
556
690
826
961
1,163
1,435
1,704
1,975
2,245
2,516
2,786
3,057
3,327
3,598
3,868
4,138
4,409
4,680
4,950

32
94
157
219
281
344
406
469
531
640
797
952
1,108
1,343
1,655
1,968
2,280
2,592
2,904
3,216
3,529
3,841
4,153
4,465
4,778
5,089
5,402
5,714

SECTION 6. DRAFTING
INFORMATION
The principal author of this revenue procedure is C. Dylan Durham of
the Office of Associate Chief Counsel

681

(Income Tax & Accounting). For further
information regarding this revenue procedure, contact Mr. Durham at (202) 3177005 (not a toll-free number).

February 26, 2024

26 CFR 601.601: Rules and Regulations.
(Also Part I, §§ 4980H; 54.4980H)

Rev. Proc. 2024-14
SECTION 1. PURPOSE
This revenue procedure provides
indexing adjustments for the applicable dollar amounts under § 4980H(c)(1)
and (b)(1) of the Internal Revenue Code.
These indexed amounts are used to calculate the employer shared responsibility
payments (ESRP) under § 4980H(a) and
(b)(1), respectively.
SECTION 2. ADJUSTED ITEMS
Under § 4980H(c)(5), in the case of any
calendar year after 2014, the applicable
dollar amounts of $2,000 and $3,000 under
§ 4980H(c)(1) and (b)(1), respectively,
are increased by an amount equal to the
product of such dollar amount and the premium adjustment percentage (as defined in
§ 1302(c)(4) of the Patient Protection and
Affordable Care Act1) for the calendar year.

1
2

If the amount of any increase is not a multiple of $10, such increase is rounded to the
next lowest multiple of $10.
The Department of Health and Human
Services (HHS) published the premium
adjustment percentage for 2025 on
November 15, 2023, using the most recent
National Health Expenditure Accounts
(NHEA) income and premium data that
was available at the time of publication.
For calculation of the 2025 benefit year
payment parameters, HHS used the NHEA
Projections 2022-2031, the data source
that reflected the most recent projections
available. Using the NHEA Projections
2022-2031, the premium adjustment percentage for 2025 is the percentage (if
any) by which the NHEA Projections
2022-2031 value for per enrollee employer-sponsored insurance (ESI) premiums
for 2024 ($7,110) exceeds the NHEA Projections 2022-2031 value for per enrollee
ESI premiums for 2013 ($4,897) carried
out to ten significant digits. Using this formula, the applicable premium adjustment
percentage is 1.4519093322.2 For calendar year 2025, the adjusted $2,000 amount

under § 4980H(c)(1) is $2,900 ($2,000 x
1.4519093322 = $2,903.8186644 rounded
down to $2,900), and the adjusted
$3,000 amount under § 4980H(b)(1)
is $4,350 ($3,000 x 1.4519093322 =
$4,355.7279966 rounded down to $4,350).
SECTION 3. EFFECTIVE DATE
This revenue procedure is effective for
taxable years and plan years beginning
after December 31, 2024.
SECTION 4. DRAFTING
INFORMATION
The principal author of this revenue procedure is Jennifer Friedman of
the Office of Associate Chief Counsel
(Employee Benefits, Exempt Organizations, and Employment Taxes). For further information regarding this revenue
procedure, contact the Health and Welfare
Branch in the Office of Associate Chief
Counsel (Employee Benefits, Exempt
Organizations, and Employment Taxes) at
(202) 317-5500 (not a toll-free number).

Pub. L. 111–148, 124 Stat. 119 (2010).
See https://www.cms.gov/files/document/2025-papi-parameters-guidance-2023-11-15.pdf

February 26, 2024

682

Bulletin No. 2024–9

Part IV
Announcement of
Disciplinary Sanctions
From the Office of
Professional Responsibility
Announcement 2024-11
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

Bulletin No. 2024–9

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,

683

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

February 26, 2024

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 del-

egate on appeal has issued a final decision;
(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.

City & State

Name

Professional
Designation

Disciplinary Sanction

Effective Date(s)

California
Cambria

Gould, Kenneth L.

CPA

Indefinite from
October 3, 2023

Los Angeles

Greenberg, Mark W.

CPA

Suspended by 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)

Colorado
Edgewater

Barclay, Devon M.

Attorney

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

Indefinite from
October 23, 2023

Swart, Jr., Harold J.

CPA

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

Indefinite from
November 13, 2023

Indefinite from
October 3, 2023

Florida
Kissimmee

Missouri
Gray, Jr., Charles P., see
Tennessee
North Carolina
Fayetteville

Cooper, Jr., Willie

CPA

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

Indefinite from
October 11, 2023

Philadelphia
Millerstown

Turner, James H.

Attorney

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

Indefinite from
November 13, 2023

February 26, 2024

684

Bulletin No. 2024–9

City & State

Name

Professional
Designation

Disciplinary Sanction

Effective Date(s)

Tennessee
Spring Hill

Gray, Jr., Charles P.

Attorney

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

Indefinite from
October 11, 2023

Texas
Katy

Burgess, Shannon S.

CPA

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

Indefinite from
October 13, 2023

Bulletin No. 2024–9

685

February 26, 2024

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. 2024–9

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.

February 26, 2024

Numerical Finding List1
Bulletin 2024–9

Announcements:
2024-1, 2024-02 I.R.B. 363
2024-3, 2024-02 I.R.B. 364
2024-5, 2024-05 I.R.B. 635
2024-6, 2024-05 I.R.B. 635
2024-4, 2024-06 I.R.B. 665
2024-7, 2024-07 I.R.B. 673
2024-8, 2024-07 I.R.B. 674
2024-9, 2024-07 I.R.B. 675
2024-12, 2024-08 I.R.B. 676
2024-11, 2024-08 I.R.B. 683

Revenue Rulings:
2024-1, 2024-02 I.R.B. 307
2024-2, 2024-02 I.R.B. 311
2024-3, 2024-06 I.R.B. 646
2024-5, 2024-07 I.R.B. 666

Treasury Decisions:
9984, 2024-03 I.R.B. 386
9985, 2024-05 I.R.B. 573
9986, 2024-05 I.R.B. 610
9987, 2024-06 I.R.B. 648

Notices:
2024-1, 2024-02 I.R.B. 314
2024-2, 2024-02 I.R.B. 316
2024-3, 2024-02 I.R.B. 338
2024-4, 2024-02 I.R.B. 343
2024-5, 2024-02 I.R.B. 347
2024-6, 2024-02 I.R.B. 348
2024-7, 2024-02 I.R.B. 355
2024-8, 2024-02 I.R.B. 356
2024-9, 2024-02 I.R.B. 358
2024-11, 2024-02 I.R.B. 360
2024-10, 2024-03 I.R.B. 406
2024-12, 2024-05 I.R.B. 616
2024-13, 2024-05 I.R.B. 618
2024-16, 2024-05 I.R.B. 622
2024-18, 2024-05 I.R.B. 625
2024-19, 2024-05 I.R.B. 627
2024-21, 2024-06 I.R.B. 659
2024-22, 2024-06 I.R.B. 662
2024-20, 2024-07 I.R.B. 668
2024-23, 2024-07 I.R.B. 672

Proposed Regulations:
REG-118492-23, 2024-02 I.R.B. 366
REG-107423-23, 2024-03 I.R.B. 411
REG-121010-17, 2024-05 I.R.B. 636

Revenue Procedures:
2024-1, 2024-01 I.R.B. 1
2024-2, 2024-01 I.R.B. 119
2024-3, 2024-01 I.R.B. 143
2024-4, 2024-01 I.R.B. 160
2024-5, 2024-01 I.R.B. 262
2024-7, 2024-01 I.R.B. 303
2024-8, 2024-04 I.R.B. 479
2024-9, 2024-05 I.R.B. 628
2024-12, 2024-09 I.R.B. 677
2024-13, 2024-09 I.R.B. 678
2024-14, 2024-09 I.R.B. 682

A cumulative list of all revenue rulings, revenue procedures, Treasury decisions, etc., published in Internal Revenue Bulletins 2023–27 through 2023–52 is in Internal Revenue Bulletin
2023–52, dated December 26, 2023.
1

February 26, 2024

ii

Bulletin No. 2024–9

Finding List of Current Actions on
Previously Published Items1
Bulletin 2024–9

A cumulative list of all revenue rulings, revenue procedures, Treasury decisions, etc., published in Internal Revenue Bulletins 2023–27 through 2023–52 is in Internal Revenue Bulletin
2023–52, dated December 26, 2023.
1

Bulletin No. 2024–9

iii

February 26, 2024

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%3A9af029bfa07e4ca6. Public record. Not legal advice.