Excerpt:

INCOME TAX
Rev. Rul. 2007–68, page 1236.
Interest rates; underpayments and overpayments. The
rates of interest determined under section 6621 of the Code
for the calendar quarter beginning January 1, 2008, will be 7
percent for overpayments (6 percent in the case of a corporation),
7 percent for underpayments, and 9 percent for large
corporate underpayments. The rate of interest paid on the portion
of a corporate overpayment exceeding $10,000 will be 4.5
percent.
T.D. 9365, page 1218.
Final regulations under section 45G of the Code provide rules
for claiming the railroad track maintenance credit for qualified
railroad track maintenance expenditures paid or incurred by a
Class II railroad or Class III railroad and other eligible taxpayers
during the taxable year.
Rev. Proc. 2007–72, page 1257.
This procedure describes the conditions under which changes
to certain subprime mortgage loans will not cause the Internal
Revenue Service to challenge the tax status of certain securitization
vehicles holding the loans.
EMPLOYEE PLANS
Notice 2007–99, page 1243.
Distributions from governmental plans and health and
accident insurance; section 845 of PPA ’06. As a result of
section 845 of the Pension Protection Act of 2006 and section
9(i)(1)(B) and (C) of S. 1974 and H.R. 3361, the pending Pension
Protection Technical Corrections Acts of 2007, Q&A–23

Notes:

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