IRS Obsoletes 83 Pieces of Guidance
The IRS recently issued Notice 2025-36, declaring 83 pieces of guidance in the Internal Revenue Bulletin (IRB) to be obsolete. The notice was published in accordance with several executive orders issued by President Donald Trump earlier this year.
Some of the obsoleted guidance includes rules from the 1970s regarding collapsible and noncollapsible corporations, guidance from the 1960s on whether a corporation engaged in construction, a revenue ruling from 1956 on the alternative tax that was repealed by the Tax Cuts and Jobs Act, and a revenue ruling from 1954 on the optional valuation date to be used for certain assets received in the liquidation of corporate stock held among the assets of an estate under the Internal Revenue Code of 1939. Additionally, several recent pieces of guidance were obsoleted because they pertained to previous tax years.
Earlier in the year, the IRS obsoleted nine other IRB guidance documents in Notice 2025-22.