Excerpt:

T.D. 9360, page 860.
Final regulations under section 1291 of the Code provide certain
elections for taxpayers that continue to be subject to the
passive foreign investment company (PFIC) excess distribution
regime even though the foreign corporation in which they own
stock is no longer treated as a PFIC under section 1297(a) or
(e).
REG–143326–05, page 873.
Proposed regulations under sections 1361, 1362, and 1366
of the Code provide guidance regarding changes to the rules
governing S corporations under the American Jobs Creation
Act of 2004 (AJCA) and the Gulf Opportunity Zone Act of 2005
(GOZA). The regulations provide guidance on the family shareholder
rules, the treatment of electing small business trusts,
the allowance of suspended losses to spouses and former
spouses of S corporation shareholders, and relief for inadvertently
terminated or invalid qualified subchapter S subsidiary
elections. The regulations also remove or update various obsolete
references in the current regulations. A public hearing
is scheduled for January 16, 2008.
REG–106143–07, page 881.
Proposed regulations under section 148 of the Code provide
arbitrage guidance for tax-exempt bonds. A public hearing is
scheduled for January 30, 2008.
REG–129916–07, page 891.
Proposed regulations under section 6011 of the Code add
the patented transactions category of reportable transaction
to regulations section 1.6011–4. A patented transaction is
a transaction for which a taxpayer pays (directly or indirectly)
a fee in any amount to a patent holder or the patent holder’s

Notes:

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