Excerpt:

INCOME TAX
Rev. Rul. 2007–64, page 953.
2007 base period T-bill rate. The “base period T-bill rate”
for the period ending September 30, 2007, is published as
required by section 995(f) of the Code.
Rev. Rul. 2007–66, page 956.
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 November 2007.
Rev. Proc. 2007–65, page 967.
This procedure under sections 704(b) and 45 of the Code provides
the necessary requirements for partnerships to meet a
safe harbor in allocating wind energy production tax credits.
Rev. Proc. 2007–66, page 970.
Cost-of-living adjustments for 2008. This procedure sets
forth the cost-of-living adjustments to certain items for 2008
as required under various provisions of the Code and Service
guidance. Rev. Procs. 90–12 and 2002–41 modified.
EMPLOYEE PLANS
Rev. Rul. 2007–65, page 949.
Employer’s deduction for contributions; limitation on
employer’s deduction; welfare benefit funds. This ruling
discusses whether an employer’s deductions for contributions
to a welfare benefit fund under section 419 of the Code are
“qualified direct costs” with respect to premiums paid by a
welfare benefit fund on cash value life insurance policies.

Notes:

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