Excerpt:

INCOME TAX
Rev. Rul. 2007–54, page 604.
Life insurance reserves. This ruling provides guidance regarding
(1) the amount of life insurance reserves taken into
account for a variable contract where some or all of the reserves
are accounted for as part of a life insurance company’s
separate account reserves and (2) what interest rate is used
to calculate required interest under section 812(b)(2)(A) of the
Code on life insurance reserves in situations where the amount
of those reserves is the tax reserve determined under section
807(d)(2).
Rev. Rul. 2007–55, page 604.
Fringe benefits aircraft valuation formula. The Standard
Industry Fare Level (SIFL) cents-per-mile rates and terminal
charge in effect for the second half of 2007 are set forth for
purposes of determining the value of noncommercial flights
on employer-provided aircraft under section 1.61–21(g) of the
regulations.
Rev. Rul. 2007–60, page 606.
Revenue rulings obsolete. This ruling obsoletes Rev. Rul.
75–425, 1975–2 C.B. 291, which provides guidance related
to the effect of signing a waiver (USCIS Form I–508) under
section 247(b) of the Immigration and Nationality Act (8 U.S.C.
section 1257(b)) by alien individuals employed in the United
States by a foreign government or international organization.
Rev. Rul. 75–425 obsoleted.
T.D. 9347, page 624.
Final regulations under section 6655 of the Code provide guidance
with respect to estimated tax payments by corporations.
Rev. Ruls. 67–93, 76–450, and 78–257 obsoleted.

Notes:

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