ADMINISTRATIVE EMPLOYEE PLANS

1 HIGHLIGHTS Bulletin No. 2018 10. OF THIS ISSUE March 05, 2018. 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 EMPLOYEE PLANS . Announcement 2018 04, page 401. Notice 2018-16, page 390. The Office of Professional Responsibility (OPR) announces re- This notice sets forth updates on the corporate bond monthly cent disciplinary sanctions involving attorneys, certified public yield curve, the corresponding spot segment rates for Febru- accountants, enrolled agents, enrolled actuaries, enrolled re- ary 2018 used under 417(e)(3)(D), the 24-month average tirement plan agents, and appraisers.

2 These individuals are segment rates applicable for February 2018, and the 30-year subject to the regulations governing practice before the Inter- treasury rates. These rates reflect the application of nal Revenue Service (IRS), which are set out in Title 31, Code 430(h)(2)(C)(iv), which was added by the Moving Ahead for of Federal Regulations, Part 10, and which are published in Progress in the 21st Century Act, Public Law 112-141 (MAP- pamphlet form as treasury department Circular No. 230. The 21) and amended by section 2003 of the Highway and Trans- regulations prescribe the duties and restrictions relating to portation Funding Act of 2014 (HATFA).

3 Such practice and prescribe the disciplinary sanctions for vio- lating the regulations. REG-132197 17, page 404. Pursuant to the policies stated in Executive Orders 13777 and REG-132197 17, page 404. 13789, the treasury department and the IRS conducted a Pursuant to the policies stated in Executive Orders 13777 and review of existing regulations, with the goal of reducing regu- 13789, the treasury department and the IRS conducted a latory burden for taxpayers by revoking or revising existing tax review of existing regulations, with the goal of reducing regu- regulations that meet the criteria set forth in the executive orders.

4 This notice of proposed rulemaking proposes to latory burden for taxpayers by revoking or revising existing tax streamline IRS regulations by removing 298 regulations that regulations that meet the criteria set forth in the executive are no longer necessary because they do not have any current orders. This notice of proposed rulemaking proposes to or future applicability under the Internal Revenue Code and by streamline IRS regulations by removing 298 regulations that amending 79 regulations to reflect the proposed removal of are no longer necessary because they do not have any current the 298 regulations.

5 The proposed removal and amendment of or future applicability under the Internal Revenue Code and by these regulations may affect various categories of taxpayers. amending 79 regulations to reflect the proposed removal of the 298 regulations. The proposed removal and amendment of these regulations may affect various categories of taxpayers. EMPLOYMENT TAX. Rev. Proc. 2018 18, page 392. This procedure modifies certain 2018 cost-of-living adjust- REG-132197 17, page 404. ments set forth in Rev. Proc. 2017 58, 2017 45 489, Pursuant to the policies stated in Executive Orders 13777 and and Rev.

6 Proc. 2017 37, 2017 21 1252, to reflect 13789, the treasury department and the IRS conducted a statutory amendments made by An Act to provide for recon- review of existing regulations, with the goal of reducing regu- ciliation pursuant to titles II and V of the concurrent resolution latory burden for taxpayers by revoking or revising existing tax on the budget for fiscal year 2018. regulations that meet the criteria set forth in the executive orders. This notice of proposed rulemaking proposes to Finding Lists begin on page ii. streamline IRS regulations by removing 298 regulations that and Rev.

7 Proc. 2017 37, 2017 21 1252, to reflect are no longer necessary because they do not have any current statutory amendments made by An Act to provide for recon- or future applicability under the Internal Revenue Code and by ciliation pursuant to titles II and V of the concurrent resolution amending 79 regulations to reflect the proposed removal of on the budget for fiscal year 2018. the 298 regulations. The proposed removal and amendment of these regulations may affect various categories of taxpayers. EXEMPT ORGANIZATIONS. ESTATE TAX. REG-132197 17, page 404. Pursuant to the policies stated in Executive Orders 13777 and REG-132197 17, page 404.

8 13789, the treasury department and the IRS conducted a Pursuant to the policies stated in Executive Orders 13777 and review of existing regulations, with the goal of reducing regu- 13789, the treasury department and the IRS conducted a latory burden for taxpayers by revoking or revising existing tax review of existing regulations, with the goal of reducing regu- regulations that meet the criteria set forth in the executive latory burden for taxpayers by revoking or revising existing tax orders. This notice of proposed rulemaking proposes to regulations that meet the criteria set forth in the executive streamline IRS regulations by removing 298 regulations that orders.

9 This notice of proposed rulemaking proposes to are no longer necessary because they do not have any current streamline IRS regulations by removing 298 regulations that or future applicability under the Internal Revenue Code and by are no longer necessary because they do not have any current amending 79 regulations to reflect the proposed removal of or future applicability under the Internal Revenue Code and by the 298 regulations. The proposed removal and amendment of amending 79 regulations to reflect the proposed removal of the 298 regulations. The proposed removal and amendment of these regulations may affect various categories of taxpayers.

10 These regulations may affect various categories of taxpayers. Rev. Proc. 2018 18, page 392. Rev. Proc. 2018 18, page 392. This procedure modifies certain 2018 cost-of-living adjust- This procedure modifies certain 2018 cost-of-living adjust- ments set forth in Rev. Proc. 2017 58, 2017 45 489, ments set forth in Rev. Proc. 2017 58, 2017 45 489, and Rev. Proc. 2017 37, 2017 21 1252, to reflect and Rev. Proc. 2017 37, 2017 21 1252, to reflect statutory amendments made by An Act to provide for recon- statutory amendments made by An Act to provide for recon- ciliation pursuant to titles II and V of the concurrent resolution ciliation pursuant to titles II and V of the concurrent resolution on the budget for fiscal year 2018.