In this release, we cover highlights from IRS Bulletin 2025-35, including proposed regulations on fringe benefits and updated estate tax interest rates.
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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.
EMPLOYMENT TAX
REG-132805-17, page 343.
These proposed regulations would provide guidance regarding determining an employer’s line or lines of business for purposes of the section 132 exclusions from gross income for no-additional-cost services fringe benefits and qualified employee discounts fringe benefits.
ESTATE TAX
Rev. Rul. 2025-16, page 342.
The 2025 interest rates to be used in computing the special use value of farm real property for which an election is made under section 2032A of the Code are listed for estate of decedents or sodium nitrilotriacetate monohydrate.