IRS Releases 2012 Inflation Adjustments

IRS Releases 2012 Inflation Adjustments

The IRS releases inflation adjustments for 2012.

On October 20, 2011, the IRS released inflation adjustments for 2012 (Rev. Proc. 2011-52). This revenue procedure applies to taxable years beginning in 2012, and transactions or events occurring in calendar year 2012, where applicable.
The full text of these changes can be found in IRS Rev. Proc. 2011-52.