(IRB) Internal Revenue Bulletin 2007-51 Weekly

Excerpt:

INCOME TAX
T.D. 9364, page 1177.
REG–115910–07, page 1214.
Temporary and proposed regulations under section 6039I of
the Code will implement the authority given the Secretary to require
information reporting on employer-owned life insurance.
REG–151884–03, page 1200.
Proposed regulations under section 381 of the Code provide
guidance regarding the accounting method or combination of
methods, including inventory methods, to use following certain
corporate reorganizations and tax-free liquidations. The regulations
will clarify and simplify the existing regulations.
EMPLOYEE PLANS
Notice 2007–94, page 1179.
Retirement plans; qualification, list of changes. This notice
sets forth a list of changes referred to in Rev. Proc.
2007–44, 2007–28 I.R.B. 54, pertaining to the statutory, regulatory,
and guidance changes needed for certain requests to
the Service for opinion, advisory, and determination letters for
the 12–month period beginning February 1, 2008.
Rev. Proc. 2007–71, page 1184.
Tax-sheltered annuities; written program; public
schools; model amendments. This procedure sets forth
model amendments that may be adopted in order to satisfy
certain requirements for a definite written program for certain
tax-sheltered annuities under section 403(b) of the Code. This
revenue procedure also provides additional relief for certain
section 403(b) tax-sheltered annuity contracts.

Notes:

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