TD 9690REG-129507-14, and REG-129786-14 contain interim final rules and proposed rules augmenting current regulations in light of the Supreme Court’s interim order in Wheaton College v. Burwell, 134 S. Ct. 2806 (2014), which held that certain provisions of the ACA cannot be enforced against certain organizations with religious objections to providing coverage for contraceptive services.

Rev. Proc. 2014-51 provides guidance regarding aspects of a taxpayer’s qualification as a real estate investment trust (REIT) in the context of transactions involving debt secured by real estate the fair market value of which has declined.