Excerpt:

T.D. 9353, page 721.
Final regulations under section 1045 of the Code relate to partnerships
and their partners. The regulations provide rules regarding
the deferral of gain on a partnership’s sale of qualified
small business stock (QSB stock) and a partner’s sale of QSB
stock distributed by a partnership. The regulations also provide
rules for a taxpayer (other than a C corporation) who sells
QSB stock and purchases replacement QSB stock through a
partnership. Rev. Proc. 98–48 modified.
Notice 2007–70, page 735.
This notice provides guidance to taxpayers to file all Forms
1098–C, Contributions of Motor Vehicles, Boats, and Airplanes,
along with Form 1096, Annual Summary and Transmittal
of U.S. Information Returns, at the Kansas City Service
Center after December 31, 2007. The Internal Revenue Service
Center at Ogden remains the location for Forms 1098–C
filed on or before December 31, 2007. The Form 1098–C is
an information form used by a donee organization to report a
contribution of a qualified vehicle with a claimed value of more
than $500. Notice 2006–1 modified.
Notice 2007–76, page 735.
This notice delays the effective date of Rev. Rul. 2006–57,
2006–47 I.R.B. 911. Rev. Rul. 2007–57 provides guidance
to employers on the use of smartcards or other electronic media
to provide qualified transportation fringes under sections
132(a)(5) and (f) of the Code. The guidance is intended to provide
relief to mass transit providers that are currently finding
it difficult to update their present systems in order to comply
with the Rev. Rul. 2006–57 guidelines prior to the effective
date. Rev. Rul. 2006–57 modified.

Notes:

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