Bulletin No. 2022–10

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HIGHLIGHTS

OF THIS ISSUE

Bulletin No. 2022–10

March 7, 2022

These synopses are intended only as aids to the reader in

identifying the subject matter covered. They may not be

relied upon as authoritative interpretations.

ADMINISTRATIVE

INCOME TAX

Rev. Rul. 2022-5, page 792.

Interest rates: underpayments and overpayments. The

rates for interest determined under Section 6621 of the

code for the calendar quarter beginning April 1, 2022,

will be 4 percent for overpayments (3 percent in the

case of a corporation), 4 percent for underpayments,

and 6 percent for large corporate underpayments. The

rate of interest paid on the portion of a corporate overpayment exceeding $10,000 will be 1.5 percent.

Notice 2022-10, page 815.

Notice 2022-10 provides for adjustments to the limitation on housing expenses for purposes of section

911 of the Internal Revenue Code for the 2022 tax

year. These adjustments are made on the basis of

geographic differences in housing costs relative to

housing costs in the United States. If the limitation on

housing expenses is higher for the 2022 tax year than

the adjusted limitations on housing expenses provided in Notice 2021-18, qualified taxpayers may apply

the adjusted limitations in this notice for the 2022 tax

year to their 2021 tax year.

EMPLOYEE PLANS

Notice 2022-9, page 811.

This notice sets forth updates on the corporate bond

monthly yield curve, the corresponding spot segment

rates for February 2022 used under § 417(e)(3)(D), the

24-month average segment rates applicable for February 2022, and the 30-year Treasury rates, as reflected

by the application of § 430(h)(2)(C)(iv).

Finding Lists begin on page ii.

Rev. Rul. 2022-4, page 790.

Federal rates; adjusted federal rates; adjusted federal

long-term rate, and the long-term tax exempt rate. For

purposes of sections 382, 1274, 1288, 7872 and other sections of the Code, tables set forth the rates for

March 2022.

The IRS Mission

Provide America’s taxpayers top-quality service by helping

them understand and meet their tax responsibilities and enforce the law with integrity and fairness to all.

Introduction

The Internal Revenue Bulletin is the authoritative instrument

of the Commissioner of Internal Revenue for announcing official rulings and procedures of the Internal Revenue Service

and for publishing Treasury Decisions, Executive Orders, Tax

Conventions, legislation, court decisions, and other items of

general interest. It is published weekly.

It is the policy of the Service to publish in the Bulletin all substantive rulings necessary to promote a uniform application

of the tax laws, including all rulings that supersede, revoke,

modify, or amend any of those previously published in the

Bulletin. All published rulings apply retroactively unless otherwise indicated. Procedures relating solely to matters of internal management are not published; however, statements of

internal practices and procedures that affect the rights and

duties of taxpayers are published.

Revenue rulings represent the conclusions of the Service

on the application of the law to the pivotal facts stated in

the revenue ruling. In those based on positions taken in rulings to taxpayers or technical advice to Service field offices,

identifying details and information of a confidential nature are

deleted to prevent unwarranted invasions of privacy and to

comply with statutory requirements.

Rulings and procedures reported in the Bulletin do not have the

force and effect of Treasury Department Regulations, but they

may be used as precedents. Unpublished rulings will not be

relied on, used, or cited as precedents by Service personnel in

the disposition of other cases. In applying published rulings and

procedures, the effect of subsequent legislation, regulations,

court decisions, rulings, and procedures must be considered,

and Service personnel and others concerned are cautioned

against reaching the same conclusions in other cases unless

the facts and circumstances are substantially the same.

The Bulletin is divided into four parts as follows:

Part I.—1986 Code.

This part includes rulings and decisions based on provisions

of the Internal Revenue Code of 1986.

Part II.—Treaties and Tax Legislation.

This part is divided into two subparts as follows: Subpart A,

Tax Conventions and Other Related Items, and Subpart B,

Legislation and Related Committee Reports.

Part III.—Administrative, Procedural, and Miscellaneous.

To the extent practicable, pertinent cross references to these

subjects are contained in the other Parts and Subparts. Also

included in this part are Bank Secrecy Act Administrative

Rulings. Bank Secrecy Act Administrative Rulings are issued

by the Department of the Treasury’s Office of the Assistant

Secretary (Enforcement).

Part IV.—Items of General Interest.

This part includes notices of proposed rulemakings, disbarment and suspension lists, and announcements.

The last Bulletin for each month includes a cumulative index

for the matters published during the preceding months. These

monthly indexes are cumulated on a semiannual basis, and are

published in the last Bulletin of each semiannual period.

The contents of this publication are not copyrighted and may be reprinted freely. A citation of the Internal Revenue Bulletin as the source would be appropriate.

March 7, 2022

Bulletin No. 2022–10

Part I

Section 1274.—

Determination of Issue

Price in the Case of Certain

Debt Instruments Issued for

Property

(Also, Sections 42, 280G, 382, 467, 468, 482, 483,

1288, 7520, 7872.)

Rev. Rul. 2022-4

This revenue ruling provides various

prescribed rates for federal income tax

Annual

AFR

110% AFR

120% AFR

130% AFR

0.97%

1.07%

1.16%

1.26%

AFR

110% AFR

120% AFR

130% AFR

150% AFR

175% AFR

1.74%

1.91%

2.09%

2.26%

2.62%

3.05%

AFR

110% AFR

120% AFR

130% AFR

2.14%

2.35%

2.58%

2.79%

Short-term adjusted AFR

Mid-term adjusted AFR

Long-term adjusted AFR

March 7, 2022

purposes for March 2022 (the current

month). Table 1 contains the shortterm, mid-term, and long-term applicable federal rates (AFR) for the current

month for purposes of section 1274(d)

of the Internal Revenue Code. Table 2

contains the short-term, mid-term, and

long-term adjusted applicable federal

rates (adjusted AFR) for the current

month for purposes of section 1288(b).

Table 3 sets forth the adjusted federal long-term rate and the long-term

tax-exempt rate described in section

382(f). Table 4 contains the appropri-

ate percentages for determining the

low-income housing credit described in

section 42(b)(1) for buildings placed in

service during the current month. However, under section 42(b)(2), the applicable percentage for non-federally subsidized new buildings placed in service

after July 30, 2008, shall not be less

than 9%. Finally, Table 5 contains the

federal rate for determining the present

value of an annuity, an interest for life

or for a term of years, or a remainder or

a reversionary interest for purposes of

section 7520.

REV. RUL. 2022-4 TABLE 1

Applicable Federal Rates (AFR) for March 2022

Period for Compounding

Semiannual

Quarterly

Short-term

0.97%

1.07%

1.16%

1.26%

Mid-term

1.73%

1.90%

2.08%

2.07%

2.25%

2.24%

2.60%

2.59%

3.03%

3.02%

Long-term

2.13%

2.12%

2.34%

2.33%

2.56%

2.55%

2.77%

2.76%

Annual

0.74%

1.31%

1.63%

REV. RUL. 2022-4 TABLE 2

Adjusted AFR for March 2022

Period for Compounding

Semiannual

0.74%

1.31%

1.62%

790

Monthly

0.97%

1.07%

1.16%

1.26%

1.72%

1.89%

2.07%

2.24%

2.59%

3.01%

2.12%

2.33%

2.55%

2.75%

Quarterly

0.74%

1.31%

1.62%

Monthly

0.74%

1.31%

1.61%

Bulletin No. 2022–10

REV. RUL. 2022-4 TABLE 3

Rates Under Section 382 for March 2022

Adjusted federal long-term rate for the current month

Long-term tax-exempt rate for ownership changes during the current month (the highest of the adjusted federal

long-term rates for the current month and the prior two months.)

1.63%

REV. RUL. 2022-4 TABLE 4

Appropriate Percentages Under Section 42(b)(1) for March 2022

Note: Under section 42(b)(2), the applicable percentage for non-federally subsidized new buildings placed in service after

July 30, 2008, shall not be less than 9%.

Appropriate percentage for the 70% present value low-income housing credit

7.44%

Appropriate percentage for the 30% present value low-income housing credit

3.19%

REV. RUL. 2022-4 TABLE 5

Rate Under Section 7520 for March 2022

Applicable federal rate for determining the present value of an annuity, an interest for life or a term of years, or a

remainder or reversionary interest

Section 42.—Low-Income

Housing Credit

The applicable federal short-term, mid-term,

and long-term rates are set forth for the month of

March 2022. See Rev. Rul. 2022-4,page 790.

Section 280G.—Golden

Parachute Payments

The applicable federal short-term, mid-term,

and long-term rates are set forth for the month of

March 2022. See Rev. Rul. 2022-4,page 790.

Section 382.—Limitation

on Net Operating Loss

Carryforwards and

Certain Built-In Losses

Following Ownership

Change

The adjusted applicable federal long-term rate

is set forth for the month of March 2022. See Rev.

Rul. 2022-4,page 790.

Section 467.—Certain

Payments for the Use of

Property or Services

The applicable federal short-term, mid-term,

and long-term rates are set forth for the month of

March 2022. See Rev. Rul. 2022-4,page 790.

Section 468.—Special

Rules for Mining and Solid

Waste Reclamation and

Closing Costs

The applicable federal short-term rates are set

forth for the month of March 2022. See Rev. Rul.

2022-4,page 790.

Section 482.—Allocation

of Income and Deductions

Among Taxpayers

The applicable federal short-term, mid-term,

and long-term rates are set forth for the month of

March 2022. See Rev. Rul. 2022-4,page 790.

2.0%

Section 483.—Interest on

Certain Deferred Payments

The applicable federal short-term, mid-term,

and long-term rates are set forth for the month of

March 2022. See Rev. Rul. 2022-4,page 790.

Section 1288.—Treatment

of Original Issue Discount

on Tax-Exempt Obligations

The adjusted applicable federal short-term, midterm, and long-term rates are set forth for the month of

March 2022. See Rev. Rul. 2022-4,page 790.

Section 7520.—Valuation

Tables

The applicable federal mid-term rates are set

forth for the month of March 2022. See Rev. Rul.

2022-4,page 790.

Section 7872.—Treatment

of Loans With BelowMarket Interest Rates

The applicable federal short-term, mid-term,

and long-term rates are set forth for the month of

March 2022. See Rev. Rul. 2022-4,page 790.

Bulletin No. 2022–10

791

March 7, 2022

Section 6621.—

Determination of Rate of

Interest

26 CFR 301.6621-1: Interest rate.

Rev. Rul. 2022-05

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

March 7, 2022

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

January 2022 is the rate published in Revenue Ruling 2022-03, 2022-06 IRB 467,

to take effect beginning February 1, 2022.

The federal short-term rate, rounded to the

nearest full percent, based on daily compounding determined during the month of

January 2022 is 1 percent. Accordingly, an

overpayment rate of 4 percent (3 percent

in the case of a corporation) and an underpayment rate of 4 percent are established

for the calendar quarter beginning April 1,

2022. The overpayment rate for the portion of a corporate overpayment exceeding $10,000 for the calendar quarter beginning April 1, 2022 is 1.5 percent. The

underpayment rate for large corporate underpayments for the calendar quarter beginning April 1, 2022, is 6 percent. These

rates apply to amounts bearing interest

during that calendar quarter.

792

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 4 percent rate also applies to estimated tax underpayments for the second

calendar quarter beginning April 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. See Rev. Rul. 202124, 2021-50 IRB 850 (3 percent rate for

the first quarter of 2022). In addition,

pursuant to section 6603(d)(4), the rate

of interest on section 6603 deposits is 1

percent for the second calendar quarter in

2022.

Interest factors for daily compound

interest for annual rates of 1.5 percent,3

percent, 4 percent and 6 percent are published in Tables 8, 11, 13 and 17 of Rev.

Proc. 95-17, 1995-1 C.B. 562, 565, 567,

and 571.

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. 2022–10

APPENDIX A

Days

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

0.000863380

0.000877091

0.000890801

0.000904512

0.000918223

0.000931934

0.000945646

0.000959357

0.000973069

0.000986781

0.001000493

0.001014206

0.001027918

0.001041631

0.001055344

0.001069057

0.001082770

0.001096484

0.001110197

0.001123911

0.001137625

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

100

101

102

103

Bulletin No. 2022–10

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

793

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

March 7, 2022

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

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

794

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. 2022–10

Days

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

366 Day Year

0.5% Compound Rate 184 Days

Days

Factor

0.000861020

0.000874693

0.000888366

0.000902040

0.000915713

0.000929387

0.000943061

0.000956735

0.000970409

0.000984084

0.000997758

0.001011433

0.001025108

0.001038783

0.001052459

0.001066134

0.001079810

0.001093486

0.001107162

0.001120839

0.001134515

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

100

101

102

103

104

Bulletin No. 2022–10

0.001148192

0.001161869

0.001175546

0.001189223

0.001202900

0.001216578

0.001230256

0.001243934

0.001257612

0.001271291

0.001284969

0.001298648

0.001312327

0.001326006

0.001339685

0.001353365

0.001367044

0.001380724

0.001394404

0.001408085

0.001421765

795

Days

125

126

127

128

129

130

131

132

133

134

135

136

137

138

139

140

141

142

143

144

145

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

146

147

148

149

150

151

152

153

154

155

156

157

158

159

160

161

162

163

164

165

166

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

March 7, 2022

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

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

796

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. 2022–10

TABLE OF INTEREST RATES

PERIODS BEFORE JUL. 1, 1975 - PERIODS ENDING DEC. 31, 1986

OVERPAYMENTS AND UNDERPAYMENTS

PERIOD

Before

Jul.

Feb.

Jan.

Jul.

Jan.

Jul.

Jan.

Jul.

Jan.

Jul.

1975–Jan.

1976–Jan.

1978–Jan.

1980–Jan.

1982–Dec.

1983–Jun.

1983–Dec.

1984–Jun.

1984–Dec.

1985–Jun.

1985–Dec.

1986–Jun.

1986–Dec.

RATE

31,

30,

31,

30,

31,

30,

31,

30,

31,

1975

1976

1978

1980

1982

1983

1984

1985

1986

12%

20%

16%

11%

13%

11%

10%

Table

In 1995-1 C.B.

DAILY RATE TABLE

pg.

37,

pg.

27,

pg.

75,

pg.

75,

pg.

31,

pg.

27,

pg.

25,

pg.

23,

pg.

557

559

558

557

560

591

581

629

585

581

579

577

TABLE OF INTEREST RATES

FROM JAN. 1, 1987 – Dec. 31, 1998

Jan.

Apr.

Jul.

Oct.

Jan.

Apr.

Jul.

Oct.

Jan.

Apr.

Jul.

Oct.

Jan.

Apr.

Jul.

Oct.

Jan.

Apr.

1987–Mar.

1987–Jun.

1987–Sep.

1987–Dec.

1988–Mar.

1988–Jun.

1988–Sep.

1988–Dec.

1989–Mar.

1989–Jun.

1989–Sep.

1989–Dec.

1990–Mar.

1990–Jun.

1990–Sep.

1990–Dec.

1991–Mar.

1991–Jun.

Bulletin No. 2022–10

31,

30,

31,

30,

31,

30,

31,

30,

31,

30,

1987

1988

1989

1990

1991

RATE

10%

11%

10%

797

OVERPAYMENTS

1995-1 C.B.

TABLE

575

577

627

625

627

579

581

579

577

UNDERPAYMENTS

1995-1 C.B. RATE

RATE

TABLE

577

10%

579

11%

629

10%

627

10%

627

11%

629

11%

581

12%

583

12%

583

11%

581

11%

581

11%

581

11%

581

11%

581

11%

581

10%

579

March 7, 2022

Jul.

Oct.

Jan.

Apr.

Jul.

Oct.

Jan.

Apr.

Jul.

Oct.

Jan.

Apr.

Jul.

Oct.

Jan.

Apr.

Jul.

Oct.

Jan.

Apr.

Jul.

Oct.

Jan.

Apr.

Jul.

Oct.

Jan.

Apr.

Jul.

Oct.

March 7, 2022

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.

30,

31,

30,

31,

30,

31,

30,

31,

30,

31,

30,

31,

30,

31,

30,

31,

1991

1992

1993

1994

1995

1996

1997

1998

798

577

623

621

619

571

573

575

577

575

623

621

623

575

573

10%

579

625

623

621

573

575

577

579

577

625

623

625

577

575

Bulletin No. 2022–10

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.

Bulletin No. 2022–10

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,

31,

30,

31,

30,

31,

30,

31,

30,

31,

30,

31,

30,

31,

30,

31,

30,

31,

30,

31,

1999

2000

2001

2002

2003

2004

2005

2006

2007

2008

799

RATE

TABLE

PAGE

573

575

623

625

577

575

573

571

569

567

615

617

615

617

569

571

573

575

621

619

617

619

March 7, 2022

Jan.

Apr.

Jul.

Oct.

Jan.

Apr.

Jul.

Oct.

Jan.

Apr.

Jul.

Oct.

Jan.

Apr.

Jul.

Oct.

Jan.

Apr.

Jul.

Oct.

Jan.

Apr.

Jul.

Oct.

Jan.

Apr.

Jul.

Oct.

Jan.

Apr.

Jul.

Oct.

Jan.

Apr.

Jul.

Oct.

Jan.

Apr.

Jul.

Oct.

Jan.

Apr.

Jul.

Oct.

Jan.

March 7, 2022

2009–Mar.

2009–Jun.

2009–Sep.

2009–Dec.

2010–Mar.

2010–Jun.

2010–Sep.

2010–Dec.

2011–Mar.

2011–Jun.

2011–Sep.

2011–Dec.

2012–Mar.

2012–Jun.

2012–Sep.

2012–Dec.

2013–Mar.

2013–Jun.

2013–Sep.

2013–Dec.

2014–Mar.

2014–Jun.

2014–Sep.

2014–Dec.

2015–Mar.

2015–Jun.

2015–Sep.

2015–Dec.

2016–Mar.

2016–Jun.

2016–Sep.

2016–Dec.

2017–Mar.

2017–Jun.

2017–Sep.

2017–Dec.

2018–Mar.

2018–Jun.

2018–Sep.

2018–Dec.

2019–Mar.

2019–Jun.

2019–Sep.

2019–Dec.

2020–Mar.

31,

30,

31,

30,

31,

30,

31,

30,

31,

30,

31,

30,

31,

30,

31,

30,

31,

30,

31,

30,

31,

30,

31,

2009

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

2020

800

569

567

565

567

565

613

565

613

615

567

569

571

569

617

Bulletin No. 2022–10

Apr.

Jul.

Oct.

Jan.

Apr.

Jul.

Oct.

Jan.

Apr.

Bulletin No. 2022–10

2020–Jun.

2020–Sep.

2020–Dec.

2021–Mar.

2021–Jun.

2021–Sep.

2021–Dec.

2022–Mar.

2022–Jun.

30,

31,

30,

31,

30,

2020

2021

2022

801

617

613

565

567

March 7, 2022

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.

March 7, 2022

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,

31,

30,

31,

30,

31,

30,

31,

30,

31,

30,

31,

30,

31,

30,

31,

30,

31,

30,

31,

1999

2000

2001

2002

2003

2004

2005

2006

2007

2008

OVERPAYMENTS

1995-1 C.B.

RATE

TABLE

571

573

621

623

575

573

571

569

567

565

613

615

613

615

567

569

571

573

619

617

615

617

802

UNDERPAYMENTS

1995-1 C.B.

RATE

TABLE

573

575

623

625

577

575

573

571

569

567

615

617

615

617

569

571

573

575

621

619

617

619

Bulletin No. 2022–10

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.

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. 2022–10

31,

30,

31,

30,

31,

30,

31,

30,

31,

30,

31,

30,

31,

30,

31,

30,

31,

30,

31,

30,

31,

30,

31,

2009

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

2020

803

567

565

563

565

563

611

563

611

613

565

567

569

567

615

569

567

565

567

565

613

565

613

615

567

569

571

569

617

March 7, 2022

Apr.

Jul.

Oct.

Jan.

Apr.

Jul.

Oct.

Jan.

Apr.

March 7, 2022

2020–Jun.

2020–Sep.

2020–Dec.

2021–Mar.

2021–Jun.

2021–Sep.

2021–Dec.

2022–Mar.

2022–Jun.

30,

31,

30,

31,

30,

2020

2021

2022

804

615

611

563

565

617

613

565

567

Bulletin No. 2022–10

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.

Bulletin No. 2022–10

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,

31,

30,

31,

30,

31,

30,

31,

30,

31,

30,

31,

30,

31,

30,

31,

30,

31,

30,

31,

1991

1992

1993

1994

1995

1996

1997

1998

1999

2000

2001

805

RATE

13%

12%

11%

10%

11%

12%

11%

10%

11%

10%

11%

1995-1 C.B.

TABLE

585

583

629

627

625

577

579

581

583

581

629

627

629

581

579

577

579

627

629

581

March 7, 2022

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.

March 7, 2022

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,

31,

30,

31,

30,

31,

30,

31,

30,

31,

30,

31,

30,

31,

30,

31,

30,

31,

30,

31,

30,

31,

30,

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

2012

806

10%

579

577

575

573

571

619

621

619

621

573

575

577

579

625

623

621

623

573

571

569

571

569

617

Bulletin No. 2022–10

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.

Bulletin No. 2022–10

2012–Sep.

2012–Dec.

2013–Mar.

2013–Jun.

2013–Sep.

2013–Dec.

2014–Mar.

2014–Jun.

2014–Sep.

2014–Dec.

2015–Mar.

2015–Jun.

2015–Sep.

2015–Dec.

2016–Mar.

2016–Jun.

2016–Sep.

2016–Dec.

2017–Mar.

2017–Jun.

2017–Sep.

2017–Dec.

2018–Mar.

2018–Jun.

2018–Sep.

2018–Dec.

2019–Mar.

2019–Jun.

2019–Sep.

2019–Dec.

2020–Mar.

2020–Jun.

2020–Sep.

2020–Dec.

2021–Mar.

2021–Jun.

2021–Sep.

2021–Dec.

2022–Mar.

2022–Jun.

30,

31,

30,

31,

30,

31,

30,

31,

30,

31,

30,

31,

30,

31,

30,

31,

30,

31,

30,

31,

30,

2012

2013

2014

2015

2016

2017

2018

2019

2020

2021

2022

807

617

569

617

619

571

573

575

573

621

617

569

571

March 7, 2022

TABLE OF INTEREST RATES FOR CORPORATE

OVERPAYMENTS EXCEEDING $10,000

FROM JANUARY 1, 1995 – PRESENT

1995-1 C.B.

RATE

TABLE

Jan.

1995–Mar.

31,

1995

6.5%

572

Apr.

1995–Jun.

30,

1995

7.5%

574

Jul.

1995–Sep.

30,

1995

6.5%

572

Oct.

1995–Dec.

31,

1995

6.5%

572

Jan.

1996–Mar.

31,

1996

6.5%

620

Apr.

1996–Jun.

30,

1996

5.5%

618

Jul.

1996–Sep.

30,

1996

6.5%

620

Oct.

1996–Dec.

31,

1996

6.5%

620

Jan.

1997–Mar.

31,

1997

6.5%

572

Apr.

1997–Jun.

30,

1997

6.5%

572

Jul.

1997–Sep.

30,

1997

6.5%

572

Oct.

1997–Dec.

31,

1997

6.5%

572

Jan.

1998–Mar.

31,

1998

6.5%

572

Apr.

1998–Jun.

30,

1998

5.5%

570

Jul.

1998–Sep.

30,

1998

5.5%

570

Oct.

1998–Dec.

31,

1998

5.5%

570

Jan.

1999–Mar.

31,

1999

4.5%

568

Apr.

1999–Jun.

30,

1999

5.5%

570

Jul.

1999–Sep.

30,

1999

5.5%

570

Oct.

1999–Dec.

31,

1999

5.5%

570

Jan.

2000–Mar.

31,

2000

5.5%

618

Apr.

2000–Jun.

30,

2000

6.5%

620

Jul.

2000–Sep.

30,

2000

6.5%

620

Oct.

2000–Dec.

31,

2000

6.5%

620

Jan.

2001–Mar.

31,

2001

6.5%

572

Apr.

2001–Jun.

30,

2001

5.5%

570

Jul.

2001–Sep.

30,

2001

4.5%

568

Oct.

2001–Dec.

31,

2001

4.5%

568

Jan.

2002–Mar.

31,

2002

3.5%

566

Apr.

2002–Jun.

30,

2002

3.5%

566

Jul.

2002–Sep.

30,

2002

3.5%

566

Oct.

2002–Dec.

31,

2002

3.5%

566

Jan.

2003–Mar.

31,

2003

2.5%

564

Apr.

2003–Jun.

30,

2003

2.5%

564

Jul.

2003–Sep.

30,

2003

2.5%

564

Oct.

2003–Dec.

31,

2003

1.5%

562

Jan.

2004–Mar.

31,

2004

1.5%

610

Apr.

2004–Jun.

30,

2004

2.5%

612

March 7, 2022

808

Bulletin No. 2022–10

Jul.

2004–Sep.

30,

2004

1.5%

610

Oct.

2004–Dec.

31,

2004

2.5%

612

Jan.

2005–Mar.

31,

2005

2.5%

564

Apr.

2005–Jun.

30,

2005

3.5%

566

Jul.

2005–Sep.

30,

2005

3.5%

566

Oct.

2005–Dec.

31,

2005

4.5%

568

Jan.

2006–Mar.

31,

2006

4.5%

568

Apr.

2006–Jun.

30,

2006

4.5%

568

Jul.

2006–Sep.

30,

2006

5.5%

570

Oct.

2006–Dec.

31,

2006

5.5%

570

Jan.

2007–Mar.

31,

2007

5.5%

570

Apr.

2007–Jun.

30,

2007

5.5%

570

Jul.

2007–Sep.

30,

2007

5.5%

570

Oct.

2007–Dec.

31,

2007

5.5%

570

Jan.

2008–Mar.

31,

2008

4.5%

616

Apr.

2008–Jun.

30,

2008

3.5%

614

Jul.

2008–Sep.

30,

2008

2.5%

612

Oct.

2008–Dec.

31,

2008

3.5%

614

Jan.

2009–Mar.

31,

2009

2.5%

564

Apr.

2009–Jun.

30,

2009

1.5%

562

Jul.

2009–Sep.

30,

2009

1.5%

562

Oct.

2009–Dec.

31,

2009

1.5%

562

Jan.

2010–Mar.

31,

2010

1.5%

562

Apr.

2010–Jun.

30,

2010

1.5%

562

Jul.

2010–Sep.

30,

2010

1.5%

562

Oct.

2010–Dec.

31,

2010

1.5%

562

Jan.

2011–Mar.

31,

2011

0.5%*

Apr.

2011–Jun.

30,

2011

1.5%

562

Jul.

2011–Sep.

30,

2011

1.5%

Oct.

2011–Dec.

31,

2011

0.5%*

Jan.

2012–Mar.

31,

2012

0.5%*

Apr.

2012–Jun.

30,

2012

0.5%*

Jul.

2012–Sep.

30,

2012

0.5%*

Oct.

2012–Dec.

31,

2012

0.5%*

Jan.

2013–Mar.

31,

2013

0.5%*

Apr.

2013–Jun.

30,

2013

0.5%*

Jul.

2013–Sep.

30,

2013

0.5%*

Oct.

2013–Dec.

31,

2013

0.5%*

Jan.

2014–Mar.

31,

2014

0.5%*

Apr.

2014–Jun.

30,

2014

0.5%*

Jul.

2014–Sep.

30,

2014

0.5%*

Oct.

2014–Dec.

31,

2014

0.5%*

Bulletin No. 2022–10

809

March 7, 2022

Jan.

2015–Mar.

31,

2015

0.5%*

Apr.

2015–Jun.

30,

2015

0.5%*

Jul.

2015–Sep.

30,

2015

0.5%*

Oct.

2015–Dec.

31,

2015

0.5%*

Jan.

2016–Mar.

31,

2016

0.5%*

Apr.

2016–Jun.

30,

2016

1.5%

610

Jul.

2016–Sep.

30,

2016

1.5%

610

Oct.

2016–Dec.

31,

2016

1.5%

610

Jan.

2017–Mar.

31,

2017

1.5%

562

Apr.

2017–Jun.

30,

2017

1.5%

562

Jul.

2017–Sep.

30,

2017

1.5%

562

Oct.

2017–Dec.

31,

2017

1.5%

562

Jan.

2018–Mar.

31,

2018

1.5%

562

Apr.

2018–Jun.

30,

2018

2.5%

564

Jul.

2018–Sep.

30,

2018

2.5%

564

Oct.

2018–Dec.

31,

2018

2.5%

564

Jan.

2019–Mar.

31,

2019

3.5%

566

Apr.

2019–Jun.

30,

2019

3.5%

566

Jul.

2019–Sep.

30,

2019

2.5%

564

Oct.

2019–Dec.

31,

2019

2.5%

564

Jan.

2020–Mar.

31,

2020

2.5%

612

Apr.

2020–Jun.

30,

2020

2.5%

612

Jul.

2020–Sep.

30,

2020

0.5%*

Oct.

2020–Dec.

31,

2020

0.5%*

Jan.

2021–Mar.

31,

2021

0.5%*

Apr.

2021–Jun.

30,

2021

0.5%*

Jul.

2021–Sep.

30,

2021

0.5%*

Oct.

2021–Dec.

31,

2021

0.5%*

Jan.

2022–Mar.

31,

2022

0.5%*

Apr.

2022–Jun.

30,

2022

1.5%

562

* 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.

March 7, 2022

810

Bulletin No. 2022–10

Part III

Update for Weighted

Average Interest Rates,

Yield Curves, and Segment

Rates

Notice 2022-9

This notice provides guidance on the

corporate bond monthly yield curve, the

corresponding spot segment rates used

under § 417(e)(3), and the 24-month average segment rates under § 430(h)(2) of the

Internal Revenue Code. In addition, this

notice provides guidance as to the interest

rate on 30-year Treasury securities under

§ 417(e)(3)(A)(ii)(II) as in effect for plan

years beginning before 2008 and the 30year Treasury weighted average rate under

§ 431(c)(6)(E)(ii)(I).

YIELD CURVE AND SEGMENT

RATES

Section 430 specifies the minimum

funding requirements that apply to sin

Applicable Month

February 2022

gle-employer plans (except for CSEC

plans under § 414(y)) pursuant to § 412.

Section 430(h)(2) specifies the interest rates that must be used to determine

a plan’s target normal cost and funding

target. Under this provision, present value is generally determined using three

24-month average interest rates (“segment

rates”), each of which applies to cash

flows during specified periods. To the extent provided under § 430(h)(2)(C)(iv),

these segment rates are adjusted by the applicable percentage of the 25-year average

segment rates for the period ending September 30 of the year preceding the calendar year in which the plan year begins.1

However, an election may be made under

§ 430(h)(2)(D)(ii) to use the monthly yield

curve in place of the segment rates.

Notice 2007-81, 2007-44 I.R.B. 899,

provides guidelines for determining the

monthly corporate bond yield curve, and

the 24-month average corporate bond

segment rates used to compute the target

normal cost and the funding target. Consistent with the methodology specified in

Notice 2007-81, the monthly corporate

bond yield curve derived from January

2022 data is in Table 2022-1 at the end

of this notice. The spot first, second, and

third segment rates for the month of January 2022 are, respectively, 1.41, 3.02, and

3.36.

The 24-month average segment rates

determined under § 430(h)(2)(C)(i)

through (iii) must be adjusted pursuant to

§ 430(h)(2)(C)(iv) to be within the applicable minimum and maximum percentages of the corresponding 25-year average segment rates. The 25-year average

segment rates for plan years beginning in

2021 and 2022 were published in Notice

2020-72, 2020-40 I.R.B. 789, and Notice

2021-54, 2021-41 I.R.B. 457, respectively.

24-MONTH AVERAGE CORPORATE

BOND SEGMENT RATES

The three 24-month average corporate

bond segment rates applicable for February 2022 without adjustment for the 25year average segment rate limits are as

follows:

24-Month Average Segment Rates Without 25-Year Average Adjustment

First Segment

Second Segment

Third Segment

0.86

2.61

3.26

25-YEAR AVERAGE SEGMENT

RATES

Section 9706(a) of the American Rescue Plan Act of 2021, Pub. L. No. 117-2

(ARP), which was enacted on March 11,

2021, changes the 25-year average segment rates and the applicable minimum

and maximum percentages used under

§ 430(h)(3)(C)(iv) of the Code to adjust

the 24-month average segment rates.2

Prior to this change, the applicable minimum and maximum percentages were

85% and 115% for a plan year beginning

in 2021, and 80% and 120% for plan year

beginning in 2022, respectively. After this

change, the applicable minimum and maximum percentages are 95% and 105% for

a plan year beginning in 2021 or 2022. In

addition, pursuant to this change, any 25year average segment rate that is less than

5% is deemed to be 5%.3

Pursuant to § 9706(c)(1) of ARP, these

changes apply with respect to plan years

beginning on or after January 1, 2020.

However, § 9706(c)(2) of ARP provides

that a plan sponsor may elect not to have

these changes apply to any plan year beginning before January 1, 2022.4

The adjusted 24-month average segment rates set forth in the chart below

reflect § 430(h)(2)(C)(iv) of the Code

as amended by § 9706(a) of ARP. These

adjusted 24-month average segment

rates apply only for plan years for which

an election under § 9706(c)(2) of ARP is

not in effect. For a plan year for which

such an election does not apply, the

24-month averages applicable for Feb-

Pursuant to § 433(h)(3)(A), the 3rd segment rate determined under § 430(h)(2)(C) is used to determine the current liability of a CSEC plan (which is used to calculate the minimum amount

of the full funding limitation under § 433(c)(7)(C)).

Section 80602 of the Infrastructure Investment and Jobs Act, Pub. L. 117-58, makes further changes to the time periods for which specified applicable minimum and maximum percentages

apply.

Pursuant to this change, the 25-year averages of the first segment rate for 2020, 2021, and 2022 are increased to 5.00% because those 25-year averages as originally published are below

5.00%.

This election may be made either for all purposes for which the amendments under § 9706 of ARP apply or solely for purposes of determining the adjusted funding target attainment percentage under § 436 of the Code for the plan year.

Bulletin No. 2022–10

811

March 7, 2022

ruary 2022, adjusted to be within the

applicable minimum and maximum per-

For Plan Years

Beginning In

centages of the corresponding 25-year

average segment rates in accordance

with § 430(h)(2)(C)(iv) of the Code, are

as follows:

Adjusted 24-Month Average Segment Rates

Applicable

First

Second

Month

Segment

Third

Segment

2021

February 2022

4.75

5.36

6.11

2022

February 2022

4.75

5.18

5.92

The adjusted 24-month average segment rates set forth in the chart below do

not reflect the changes to § 430(h)(2)(C)

(iv) of the Code made by § 9706(a) of

ARP. These adjusted 24-month average

For Plan Years

Beginning In

2021

segment rates apply only for plan years for

which an election under § 9706(c)(2) of

ARP is in effect. For a plan year for which

such an election applies, the 24-month

averages applicable for February 2022,

adjusted to be within the applicable minimum and maximum percentages of the

corresponding 25-year average segment

rates in accordance with § 430(h)(2)(C)

(iv) of the Code, are as follows:

Pre-ARP Adjusted 24-Month Average Segment Rates

Applicable

First

Second

Month

Segment

February 2022

30-YEAR TREASURY SECURITIES

INTEREST RATES

3.32

Third

Segment

4.79

5.47

Section 431 specifies the minimum

funding requirements that apply to multiemployer plans pursuant to § 412. Section

431(c)(6)(B) specifies a minimum amount

for the full-funding limitation described in

§ 431(c)(6)(A), based on the plan’s current

liability. Section 431(c)(6)(E)(ii)(I) provides that the interest rate used to calcu-

late current liability for this purpose must

be no more than 5 percent above and no

more than 10 percent below the weighted

average of the rates of interest on 30-year

Treasury securities during the four-year

period ending on the last day before the

beginning of the plan year. Notice 88-73,

1988-2 C.B. 383, provides guidelines for

determining the weighted average interest

rate. The rate of interest on 30-year Treasury securities for January 2022 is 2.10

For Plan Years

Beginning In

Treasury Weighted Average Rates

30-Year Treasury

Weighted Average

Permissible Range

90% to 105%

February 2022

2.10

1.89 to 2.21

under § 417(e)(3)(D) are segment rates

computed without regard to a 24-month

average. Notice 2007-81 provides guidelines for determining the minimum pres-

ent value segment rates. Pursuant to that

notice, the minimum present value segment rates determined for January 2022

are as follows:

MINIMUM PRESENT VALUE

SEGMENT RATES

In general, the applicable interest rates

percent. The Service determined this rate

as the average of the daily determinations

of yield on the 30-year Treasury bond

maturing in August 2051. For plan years

beginning in February 2022, the weighted

average of the rates of interest on 30-year

Treasury securities and the permissible

range of rates used to calculate current liability are as follows:

Month

January 2022

Minimum Present Value Segment Rates

First Segment

Second Segment

1.41

3.02

Third Segment

3.36

March 7, 2022

812

Bulletin No. 2022–10

DRAFTING INFORMATION

The principal author of this notice is

Tom Morgan of the Office of the Asso-

Bulletin No. 2022–10

ciate Chief Counsel (Employee Benefits,

Exempt Organizations, and Employment

Taxes). However, other personnel from

the IRS participated in the development

813

of this guidance. For further information

regarding this notice, contact Mr. Morgan

at 202-317-6700 or Osmundo Bernabe at

626-927-1344 (not a toll-free number).

March 7, 2022

Table 2022-1

Monthly Yield Curve for January 2022

Derived from January 2022 Data

Maturity

0.5

1.0

1.5

2.0

2.5

3.0

3.5

4.0

4.5

5.0

5.5

6.0

6.5

7.0

7.5

8.0

8.5

9.0

9.5

10.0

10.5

11.0

11.5

12.0

12.5

13.0

13.5

14.0

14.5

15.0

15.5

16.0

16.5

17.0

17.5

18.0

18.5

19.0

19.5

20.0

Yield

0.41

0.76

1.07

1.31

1.49

1.62

1.72

1.82

1.91

2.00

2.10

2.20

2.30

2.40

2.50

2.60

2.69

2.78

2.86

2.93

2.99

3.05

3.11

3.15

3.19

3.23

3.25

3.28

3.30

3.31

3.33

3.34

3.35

3.36

March 7, 2022

Maturity

20.5

21.0

21.5

22.0

22.5

23.0

23.5

24.0

24.5

25.0

25.5

26.0

26.5

27.0

27.5

28.0

28.5

29.0

29.5

30.0

30.5

31.0

31.5

32.0

32.5

33.0

33.5

34.0

34.5

35.0

35.5

36.0

36.5

37.0

37.5

38.0

38.5

39.0

39.5

40.0

Yield

3.36

3.35

3.36

Maturity

40.5

41.0

41.5

42.0

42.5

43.0

43.5

44.0

44.5

45.0

45.5

46.0

46.5

47.0

47.5

48.0

48.5

49.0

49.5

50.0

50.5

51.0

51.5

52.0

52.5

53.0

53.5

54.0

54.5

55.0

55.5

56.0

56.5

57.0

57.5

58.0

58.5

59.0

59.5

60.0

Yield

3.36

3.37

814

Maturity

60.5

61.0

61.5

62.0

62.5

63.0

63.5

64.0

64.5

65.0

65.5

66.0

66.5

67.0

67.5

68.0

68.5

69.0

69.5

70.0

70.5

71.0

71.5

72.0

72.5

73.0

73.5

74.0

74.5

75.0

75.5

76.0

76.5

77.0

77.5

78.0

78.5

79.0

79.5

80.0

Yield

3.37

Maturity

80.5

81.0

81.5

82.0

82.5

83.0

83.5

84.0

84.5

85.0

85.5

86.0

86.5

87.0

87.5

88.0

88.5

89.0

89.5

90.0

90.5

91.0

91.5

92.0

92.5

93.0

93.5

94.0

94.5

95.0

95.5

96.0

96.5

97.0

97.5

98.0

98.5

99.0

99.5

100.0

Yield

3.37

3.38

Bulletin No. 2022–10

Determination of Housing

Cost Amounts Eligible for

Exclusion or Deduction for

2022

Notice 2022-10

SECTION 1. PURPOSE

This notice provides adjustments to the

limitation on housing expenses for purposes of section 911 of the Internal Revenue Code for specific locations for 2022.

These adjustments are based on geographic differences in housing costs relative to

housing costs in the United States.

SECTION 2. BACKGROUND

Section 911 allows a qualified individual to elect to exclude from gross income

the foreign earned income and to exclude

or deduct the housing cost amount of such

individual.

The term “housing cost amount” is

generally the total of the housing expenses

for the taxable year minus a base housing

amount. See § 911(c)(1). For this purpose,

the base housing amount for the taxable

year is limited to an amount that is tied

to the maximum foreign earned income

exclusion amount, which is $112,000 for

2022. See § 911(c)(1)(B) and (d)(1). Specifically, the base housing amount is 16

percent of the maximum foreign earned

income exclusion amount (computed on

a daily basis), multiplied by the number

of days in the applicable period that fall

within the taxable year. Assuming that

the entire taxable year of a qualified individual is within the applicable period, the

base housing amount for 2022 is $17,920

($112,000 x .16).

Similarly, the housing expense amount

is also limited, based on a percentage of

the maximum foreign earned income exclusion amount. Specifically, the limit on

such housing expenses generally equals

30 percent of the maximum foreign

earned income exclusion amount (computed on a daily basis), multiplied by the

number of days in the applicable period for which the taxpayer is a qualified

individual. See § 911(c)(2)(A) and (d)

(1). Thus, under this general limitation,

a qualified individual whose entire tax-

Country

Angola

Argentina

Australia

Bahamas, The

Bahrain

Barbados

Belgium

Bermuda

Brazil

Canada

Bulletin No. 2022–10

Location

able year is within the applicable period

is limited to maximum housing expenses of $33,600 ($112,000 x .30) for 2022.

However, section 911(c)(2)(B) authorizes the Secretary to issue regulations or

other guidance to adjust the percentage

under section 911(c)(2)(A)(i) (which determines the limit on housing expenses)

based on geographic differences in housing costs relative to housing costs in the

United States. Pursuant to this authority,

the Department of the Treasury (Treasury

Department) and the Internal Revenue

Service (IRS) have published annual

notices concerning the limitation on the

section 911 housing cost amounts since

the 2006 taxable year.

For more background on the foreign

housing exclusion, see https://www.irs.

gov/individuals/international-taxpayers/

foreign-housing-exclusion-or-deduction.

SECTION 3. TABLE OF ADJUSTED

HOUSING LIMITATIONS FOR 2022

The following table provides adjusted

limitations on housing expenses (in lieu

of the otherwise applicable limitation of

$33,600) for 2022.

Limitation on Housing

Expenses

(full year)

84,000

56,500

36,800

70,800

49,700

48,300

37,700

41,400

36,900

90,000

35,100

56,600

40,800

55,500

47,000

Luanda

Buenos Aires

Canberra

Sydney

Nassau

Bahrain

Barbados

Bridgetown

Brussels

Gosselies

Mons

SHAPE/Chievres

Bermuda

Rio de Janeiro

Sao Paulo

Calgary

Montreal

Ottawa

815

Limitation on Housing

Expenses

(daily)

230.14

154.79

100.82

193.97

136.16

132.33

103.29

113.42

101.10

246.58

96.16

155.07

111.78

152.05

128.77

March 7, 2022

Country

Canada

Cayman Islands

China

Colombia

Costa Rica

Democratic Republic of

the Congo

Denmark

Dominican Republic

Ecuador

Estonia

France

Germany

March 7, 2022

Location

Quebec

Toronto

Vancouver

Victoria

Grand Cayman

Beijing

Hong Kong

Shanghai

Bogota

All cities other than Bogota

San Jose

Kinshasa

Limitation on Housing

Expenses

(full year)

36,000

63,200

49,700

41,100

48,000

76,400

114,300

57,001

58,700

49,400

37,800

42,000

Limitation on Housing

Expenses

(daily)

98.63

173.15

136.16

112.60

131.51

209.32

313.15

156.17

160.82

135.34

103.56

115.07

Copenhagen

Santo Domingo

Quito

Tallinn

Garches

Lyon

Marseille

Paris

Sevres

Suresnes

Versailles

Babenhausen

Baumholder

Berlin

Birkenfeld

Boeblingen

Bonn

Cologne

Darmstadt

Dulmen

Frankfurt am Main

Gelnhausen

Giessen

Grafenwoehr

Hanau

Idar-Oberstein

Ingolstadt

Kaiserslautern, Landkreis

Koblenz

Ludwigsburg

43,704

45,500

38,200

46,600

71,000

39,300

38,300

71,000

34,800

34,600

42,500

34,600

42,300

42,000

56,200

34,800

34,200

36,300

43,900

36,000

35,200

47,200

34,600

49,700

43,700

34,200

42,300

119.74

124.66

104.66

127.67

194.52

107.67

104.93

194.52

95.34

94.79

116.44

94.79

115.89

115.07

153.97

95.34

93.70

99.45

120.27

98.63

96.44

129.32

94.79

136.16

119.73

93.70

115.89

816

Bulletin No. 2022–10

Country

Germany

Nuernberg, Noervenich,

Zweibrueken

Ghana

Greece

Bulletin No. 2022–10

Location

Mainz

Munich

Nellingen

Neubruecke

Ober Ramstadt

Pfullendorf

Pirmasens

Sembach

Stuttgart

Vilseck

Wahn

Wiesbaden

Zweibrueken

All cities other than Augsburg, Babenhausen,

Bad Aibling, Bad Kreuznach, Bad Nauheim,

Baumholder, Berchtesgaden, Berlin, Birkenfeld, Boeblingen, Bonn, Bremen, Bremerhaven, Butzbach, Cologne, Darmstadt, Delmenhorst, Duesseldorf, Dulmen, Erlangen,

Flensburg, Frankfurt am Main, Friedberg,

Fuerth, Garlstedt, Garmisch- Partenkirchen,

Geilenkirchen, Gelnhausen, Germersheim,

Giebelstadt, Giessen, Grafenwoehr, Grefrath, Greven, Gruenstadt, Hamburg, Hanau,

Handorf, Hannover, Heidelberg, Heilbronn,

Herongen, Idar- Oberstein, Ingolstadt, Kaiserslautern, Landkreis, Leimen, Kalkar, Karlsruhe, Kerpen, Kitzingen, Koblenz, Leipzig,

Ludwigsburg, Mainz, Mannheim, Mayen,

Moenchen- Gladbach, Muenster, Munich,

Nellingen, Neubruecke,

34,200

Nuernberg, Ober Ramstadt, Oberammergau,

Osterholz- Scharmbeck, Pfullendorf, Pirmasens, Rheinberg, Schwabach, Schwetzingen,

Seckenheim, Sembach, Stuttgart, Twisteden, Vilseck, Wahn, Wertheim, Wiesbaden,

Worms, Wuerzburg, Zirndorf, and

Accra

Athens

Elefsis

Ellinikon

Mt. Parnis

Mt. Pateras

Nea Makri

Piraeus

Limitation on Housing

Expenses

(full year)

48,700

49,700

42,300

34,600

34,800

34,200

43,700

42,300

35,200

42,000

48,700

43,700

93.70

36,000

34,800

817

Limitation on Housing

Expenses

(daily)

133.42

136.16

115.89

94.79

95.34

93.70

119.73

115.89

96.44

115.07

133.42

119.73

98.63

95.34

March 7, 2022

Country

Greece

Guatemala

Guinea

Guyana

Holy See, The

India

Indonesia

Ireland

Israel

Italy

Jamaica

Japan

March 7, 2022

Location

Limitation on Housing

Expenses

(full year)

34,800

42,000

51,300

35,000

47,300

67,920

56,124

37,776

41,100

63,800

49,000

50,800

49,000

37,700

41,800

40,400

70,600

48,500

35,900

47,300

35,400

39,500

41,200

40,100

74,300

40,100

74,300

40,100

74,300

56,700

90,664

40,100

92,400

40,100

49,300

53,100

37,700

Tanagra

Guatemala City

Conakry

Georgetown

Holy See, The

Mumbai

New Delhi

Jakarta

Dublin

Beer Sheva

Jerusalem

Tel Aviv

West Bank

Aviano

Genoa

La Spezia

Milan

Naples

Parma

Rome

Turin

Vicenza

Kingston

Atsugi

Camp Zama

Chiba-Ken

Fussa

Gifu

Haneda

Kanagawa-Ken

Komaki

Machidi-Shi

Nagoya

Okinawa Prefecture

Osaka-Kobe

Sagamihara

Saitama-Ken

Tachikawa

Tokyo

Tokyo-to

Yokohama

Yokosuka

Yokota

818

Limitation on Housing

Expenses

(daily)

95.34

115.07

140.55

95.89

129.59

186.08

153.76

103.50

112.60

174.79

134.25

139.18

134.25

103.29

114.52

110.68

193.42

132.88

98.36

129.59

96.99

108.22

112.88

109.86

203.56

109.86

203.56

109.86

203.56

155.34

248.39

109.86

253.15

109.86

135.07

145.48

103.29

Bulletin No. 2022–10

Country

Kazakhstan

Korea

Kuwait

Luxembourg

Macedonia

Malaysia

Malta

Mexico

Veracruz

Mozambique

Netherlands

Bulletin No. 2022–10

Location

Almaty

Camp Colbern

Camp Market

Camp Mercer

K-16

Kimpo Airfield

Osan AB

Pyongtaek

Seoul

Suwon

Tongduchon

Kuwait City

All cities other than Kuwait City

Luxembourg

Skopje

Kuala Lumpur

All cities other than Kuala Lumpur

Malta

Merida

Mexico City

All cities other than Ciudad Juarez, Cuernavaca, Guadalajara, Hermosillo, Matamoros,

Mazatlan, Merida, Metapa, Mexico City,

Monterrey, Nogales, Nuevo Laredo, Reynosa,

Tapachula, Tijuana, Tuxtla Gutierrez, and

39,400

Maputo

Amsterdam

Aruba

Brunssum

Eygelshoven

Hague, The

Heerlen

Hoensbroek

Hulsberg

Kerkrade

Landgraaf

Maastricht

Papendrecht

Rotterdam

Schaesburg

Schinnen

Schiphol

819

Limitation on Housing

Expenses

(full year)

48,000

54,200

54,500

54,200

54,500

36,300

39,000

54,500

35,200

64,400

57,700

38,700

35,400

46,200

33,700

55,100

37,900

47,900

Limitation on Housing

Expenses

(daily)

131.51

148.49

149.32

148.49

149.32

99.45

106.85

149.32

96.44

176.44

158.08

106.03

96.99

126.58

92.33

150.96

103.84

131.23

107.95

39,500

52,900

39,100

35,400

56,400

35,400

34,000

35,400

52,900

108.22

144.93

107.12

96.99

154.52

96.99

93.15

96.99

144.93

March 7, 2022

Country

Netherlands

Netherlands Antilles

New Zealand

Nigeria

Oman

Panama

Peru

Philippines

Poland

Portugal

Qatar

Romania

Russia

Singapore

Slovenia

South Africa

Spain

Switzerland

Taiwan

Tanzania

Thailand

Trinidad and Tobago

Ukraine

United Arab Emirates

United Kingdom

March 7, 2022

Location

Limitation on Housing

Expenses

(full year)

56,400

45,800

33,800

36,000

41,300

39,500

39,100

39,500

40,900

43,200

45,888

41,200

108,000

60,000

77,500

47,400

82,300

49,600

39,300

40,600

57,600

35,200

70,500

100,400

46,188

44,000

59,000

54,500

72,000

49,687

57,174

41,099

41,000

62,100

36,800

35,700

73,800

43,500

36,600

34,600

Ypenburg

Curacao

Wellington

Abuja

Muscat

Panama City

Lima

Cavite

Manila

Warsaw

Alverca

Lisbon

Doha

Bucharest

Moscow

Saint Petersburg

Sakhalin Island

Vladivostok

Yekaterinburg

Singapore

Ljubljana

Pretoria

Barcelona

Madrid

Rota

Bern

Geneva

Taipei

Dar Es Salaam

Bangkok

Port of Spain

Kiev

Abu Dhabi

Dubai

Basingstoke

Bath

Bracknell

Brookwood

Cambridge

Caversham

Cheltenham

Croughton

Fairford

820

Limitation on Housing

Expenses

(daily)

154.52

125.48

92.60

98.63

113.15

108.22

107.12

108.22

112.05

118.36

125.72

112.88

295.89

164.38

212.33

129.86

225.48

135.89

107.67

111.23

157.81

96.44

193.15

275.07

126.54

120.55

161.64

149.32

197.26

136.13

156.64

112.60

112.33

170.14

100.82

97.81

202.19

119.18

100.27

94.79

Bulletin No. 2022–10

Country

United Kingdom

West Byfleet, and Wiltshire

Venezuela

Vietnam

Bulletin No. 2022–10

Location

Farnborough

Felixstowe

Gibraltar

Harrogate

High Wycombe

Huntingdon

Kemble

Lakenheath

London

Loudwater

Menwith Hill

Mildenhall

Oxfordshire

Plymouth

Portsmouth

Reading

Rochester

Samlesbury

Southampton

Surrey

Waterbeach

Wiltshire

All cities other than Basingstoke, Bath,

Belfast, Birmingham, Bracknell, Bristol,

Brookwood, Brough, Cambridge, Caversham, Chelmsford, Cheltenham, Chicksands, Croughton, Dunstable, Edinburgh,

Edzell, Fairford, Farnborough, Felixstowe,

Ft. Halstead, Gibraltar, Glenrothes, Greenham Common, Harrogate, High Wycombe,

Huntingdon, Hythe, Kemble, Lakenheath,

Liverpool, London, Loudwater, Menwith

Hill, Mildenhall, Nottingham, Oxfordshire,

Plymouth, Portsmouth, Reading, Rochester,

Samlesbury, Southampton, Surrey, Waterbeach, Welford,

37,900

Caracas

Hanoi

Ho Chi Minh City

Limitation on Housing

Expenses

(full year)

54,700

34,400

44,616

38,600

62,100

36,800

34,600

46,700

69,500

56,700

38,600

46,700

36,100

62,100

37,100

36,800

44,200

48,402

36,900

34,800

103.84

57,000

46,800

42,000

821

Limitation on Housing

Expenses

(daily)

149.86

94.25

122.24

105.75

170.14

100.82

94.79

127.95

190.41

155.34

105.75

127.95

98.90

170.14

101.64

100.82

121.10

132.61

101.10

95.34

156.16

128.22

115.07

March 7, 2022

SECTION 4. OPTION TO APPLY 2022

ADJUSTED HOUSING LIMITATIONS

TO 2021 TAXABLE YEAR

For some locations, the limitation on

housing expenses provided in Section 3 of

this notice may be higher than the limitation on housing expenses provided in the

“Table of Adjusted Limitations for 2021”

in Notice 2021-18. A qualified individual

incurring housing expenses in such a location during 2021 may apply the adjusted

limitation on housing expenses provided

in Section 3 of this notice for 2022 in lieu

of the amounts provided in the “Table of

Adjusted Limitations for 2021” in Notice

2021-18 (and as set forth in the Instructions to Form 2555, Foreign Earned Income, for 2021).

March 7, 2022

The Treasury Department and the IRS

anticipate that future annual notices providing adjustments to housing expense

limitations will make a similar option

available to qualified individuals that

incur housing expenses in the immediately preceding year. For example, when

adjusted housing expense limitations for

2023 are issued, it is expected that taxpayers will be permitted to apply those

adjusted limitations to the 2022 taxable

year.

SECTION 6. EFFECTIVE DATE

SECTION 5. EFFECT ON OTHER

DOCUMENTS

The principal author of this notice is

Kate Y. Hwa of the Office of Associate

Chief Counsel (International). For further

information regarding this notice contact

Kate Y. Hwa at (202) 317-5001 (not a tollfree number).

This notice supersedes Notice 2021-18,

2021-11 I.R.B. 911.

822

This notice is effective for taxable

years beginning on or after January 1,

2022. However, as provided in Section

4, taxpayers may apply the 2022 adjusted

housing limitations contained in Section

3 of this notice to his or her taxable year

beginning in 2021.

SECTION 7. DRAFTING

INFORMATION

Bulletin No. 2022–10

Definition of Terms

Revenue rulings and revenue procedures

(hereinafter referred to as “rulings”) that

have an effect on previous rulings use the

following defined terms to describe the

effect:

Amplified describes a situation where

no change is being made in a prior published position, but the prior position is

being extended to apply to a variation of

the fact situation set forth therein. Thus, if

an earlier ruling held that a principle applied to A, and the new ruling holds that

the same principle also applies to B, the

earlier ruling is amplified. (Compare with

modified, below).

Clarified is used in those instances

where the language in a prior ruling is being made clear because the language has

caused, or may cause, some confusion. It

is not used where a position in a prior ruling is being changed.

Distinguished describes a situation

where a ruling mentions a previously published ruling and points out an essential

difference between them.

Modified is used where the substance

of a previously published position is being

changed. Thus, if a prior ruling held that a

principle applied to A but not to B, and the

new ruling holds that it applies to both A

and B, the prior ruling is modified because

it corrects a published position. (Compare

with amplified and clarified, above).

Obsoleted describes a previously published ruling that is not considered determinative with respect to future transactions.

This term is most commonly used in a ruling

that lists previously published rulings that

are obsoleted because of changes in laws or

regulations. A ruling may also be obsoleted

because the substance has been included in

regulations subsequently adopted.

Revoked describes situations where the

position in the previously published ruling

is not correct and the correct position is

being stated in a new ruling.

Superseded describes a situation where

the new ruling does nothing more than

restate the substance and situation of a

previously published ruling (or rulings).

Thus, the term is used to republish under

the 1986 Code and regulations the same

position published under the 1939 Code

and regulations. The term is also used

when it is desired to republish in a single

ruling a series of situations, names, etc.,

that were previously published over a

period of time in separate rulings. If the

new ruling does more than restate the substance of a prior ruling, a combination of

terms is used. For example, modified and

superseded describes a situation where the

substance of a previously published ruling

is being changed in part and is continued

without change in part and it is desired to

restate the valid portion of the previously published ruling in a new ruling that is

self contained. In this case, the previously

published ruling is first modified and then,

as modified, is superseded.

Supplemented is used in situations in

which a list, such as a list of the names of

countries, is published in a ruling and that

list is expanded by adding further names

in subsequent rulings. After the original

ruling has been supplemented several

times, a new ruling may be published that

includes the list in the original ruling and

the additions, and supersedes all prior rulings in the series.

Suspended is used in rare situations to

show that the previous published rulings

will not be applied pending some future

action such as the issuance of new or

amended regulations, the outcome of cases in litigation, or the outcome of a Service study.

Abbreviations

The following abbreviations in current

use and formerly used will appear in

material published in the Bulletin.

A—Individual.

Acq.—Acquiescence.

B—Individual.

BE—Beneficiary.

BK—Bank.

B.T.A.—Board of Tax Appeals.

C—Individual.

C.B.—Cumulative Bulletin.

CFR—Code of Federal Regulations.

CI—City.

COOP—Cooperative.

Ct.D.—Court Decision.

CY—County.

D—Decedent.

DC—Dummy Corporation.

DE—Donee.

Del. Order—Delegation Order.

DISC—Domestic International Sales Corporation.

DR—Donor.

E—Estate.

EE—Employee.

E.O.—Executive Order.

ER—Employer.

Bulletin No. 2022–10

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.

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.

March 7, 2022

Numerical Finding List1

Bulletin 2022–10

Announcements:

2022-3, 2022-8 I.R.B. 788

2022-4, 2022-9 I.R.B. 789

AOD:

2022-1, 2022-06 I.R.B. 466

Notices:

2022-1, 2022-02 I.R.B. 304

2022-2, 2022-02 I.R.B. 304

2022-3, 2022-02 I.R.B. 308

2022-4, 2022-02 I.R.B. 309

2022-5, 2022-05 I.R.B. 457

2022-6, 2022-05 I.R.B. 460

2022-7, 2022-06 I.R.B. 469

2022-8, 2022-07 I.R.B. 491

2022-9, 2022-10 I.R.B. 811

2022-10, 2022-10 I.R.B. 815

Proposed Regulations:

REG-118250-20, 2022-07 I.R.B. 753

Revenue Procedures:

2022-1, 2022-01 I.R.B. 1

2022-2, 2022-01 I.R.B. 120

2022-3, 2022-01 I.R.B. 144

2022-4, 2022-01 I.R.B. 161

2022-5, 2022-01 I.R.B. 256

2022-7, 2022-01 I.R.B. 297

2022-9, 2022-02 I.R.B. 310

2022-11, 2022-03 I.R.B. 449

2022-8, 2022-04 I.R.B. 451

2022-10, 2022-06 I.R.B. 473

2022-13, 2022-06 I.R.B. 477

2022-12, 2022-07 I.R.B. 494

2022-14, 2022-07 I.R.B. 502

Revenue Rulings:

2022-1, 2022-02 I.R.B. 301

2022-2, 2022-04 I.R.B. 451

2022-3, 2022-06 I.R.B. 467

2022-4, 2022-10 I.R.B. 790

2022-5, 2022-10 I.R.B. 792

Treasury Decisions:

9959, 2022-03 I.R.B. 328

9961, 2022-03 I.R.B. 430

9960, 2022-07 I.R.B. 481

A cumulative list of all revenue rulings, revenue procedures, Treasury decisions, etc., published in Internal Revenue Bulletins 2020–27 through 2020–52 is in Internal Revenue Bulletin

2020–52, dated December 27, 2021.

March 7, 2022

Bulletin No. 2022–10

Finding List of Current Actions on

Previously Published Items1

Bulletin 2022–10

A cumulative list of all revenue rulings, revenue procedures, Treasury decisions, etc., published in Internal Revenue Bulletins 2020–27 through 2020–52 is in Internal Revenue Bulletin

2020–52, dated December 27, 2021.

Bulletin No. 2022–10

iii

March 7, 2022

Internal Revenue Service

Washington, DC 20224

Official Business

Penalty for Private Use, $300

INTERNAL REVENUE BULLETIN

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