The latest IRS Bulletin 2025-11 covers key tax updates, including Appeals process changes, excise tax guidance, and 2025 depreciation limits.
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The Internal Revenue Bulletin (IRB) is the authoritative instrument for announcing official rulings and procedures of the IRS and for publishing Treasury Decisions, Executive Orders, Tax Conventions, legislation, court decisions, and other items of general interest.
ADMINISTRATIVE
T.D. 10030, page 1066.
These regulations implement section 7803(e). 26 C.F.R. 301.7803-2 states that consideration of a federal tax controversy by the Independent Office of Appeals is generally available to all taxpayers, sets forth a list of exceptions to Appeals consideration, and provides procedural and timing requirements that must be met before Appeals will consider an issue. 26 C.F.R. 301.7803-3 describes notice and protest rights for a taxpayer in receipt of a notice of deficiency who requests consideration by appeals and that request is denied.
EXCISE TAX
Notice 2025-15, page 1089.
This notice provides guidance regarding the alternative manner of furnishing certain health insurance coverage statements to individuals pursuant to sections 6055(c)(3) and 6056(c)(3) of the Internal Revenue Code (Code), added by section 2 of the Paperwork Burden Reduction Act (Pub. L. 118-167, 138 Stat. 2584, Dec. 23, 2024) (the Act). Section 2 of the Act directs the Treasury Department and the IRS to provide the time and manner in which a reporting entity can provide clear, conspicuous, and accessible notice, detailing an individual’s ability to request certain health insurance coverage statements in lieu of the reporting entity providing the statements to all individuals, to satisfy the alternative manner of furnishing certain health insurance coverage statements to individuals pursuant to sections 6055(c)(3) and 6056(c)(3) of the Code.
INCOME TAX
Rev. Proc. 2025-15, page 1090.
This revenue procedure provides discount factors for the 2024 accident year for use by insurance companies in computing discounted unpaid losses under § 846 of the Internal Revenue Code and discounted estimated salvage recoverable under § 832.
Rev. Proc. 2025-16, page 1100.
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 2025; 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 2025. 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. Rul. 2025-6, page 1064.
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 2025.