Revenue Procedure 2015-37 amplifies Revenue Procedure 2015-3 to provide that, until the issue is resolved, the IRS will not provide letter rulings on whether the assets in a grantor trust receive a section 1014 basis adjustment at the death of the deemed owner of the trust for income tax purposes when those assets are not includible in the gross estate of that owner.

Notice 2015-44 publishes the inflation adjustment factor for the credit for carbon dioxide sequestration under section 45Q for calendar year 2015.