Excerpt:

INCOME TAX
Rev. Rul. 2007–62, page 767.
Low-income housing credit; satisfactory bond; “bond
factor” amounts for the period January through December
2007. This ruling provides the monthly bond factor
amounts to be used by taxpayers who dispose of qualified
low-income buildings or interests therein during the period
January through December 2007.
Rev. Rul. 2007–63, page 778.
Federal rates; adjusted federal rates; adjusted federal
long-term rate and the long-term exempt rate. For purposes
of sections 382, 642, 1274, 1288, and other sections
of the Code, tables set forth the rates for October 2007.
T.D. 9354, page 759.
Final regulations under section 21 of the Code conform the
rules relating to the child and dependent care credit to statutory
changes, including amendments under the Working Families
Tax Relief Act of 2004, and address significant issues
that have arisen administratively. The regulations are renumbered
to conform to the renumbering of the statute. Rev. Ruls.
76–278 and 76–288 obsoleted.
T.D. 9357, page 773.
Final regulations under section 853 of the Code generally eliminate
country-by-country reporting, by a regulated investment
company (RIC) to its shareholders, of foreign source income
that the RIC takes into account and foreign taxes that it pays.
T.D. 9358, page 769.
Final regulations under section 338 of the Code permit taxpayers
to elect to modify the application of the ADSP and AGUB
allocation rules of regulations section 1.338–6 as regards nuclear

Notes:

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