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Internal Revenue Bulletin 2007-42 Weekly

Excerpt:

Rev. Rul. 2007–61, page 799.
This ruling suspends Rev. Rul. 2007–54, 2007–38 I.R.B. 604,
and informs taxpayers that Treasury and the Service intend
to address the issues considered in Rev. Rul. 2007–54 by
regulations. Rev. Rul. 2007–54 suspended.
Notice 2007–79, page 809.
This notice allows Electronic Return Originators (EROs) to sign
the following forms by rubber stamp, mechanical device (such
as signature pen), or computer software program: Form 8453,
U.S. Individual Income Tax Declaration for an IRS e-file Return;
Form 8878, IRS e-file Signature Authorization for Form 4868 or
Form 2350; and Form 8879, IRS e-file Signature Authorization.
Announcement 2007–88, page 801.
This announcement contains an official copy of the diplomatic
notes exchanged between the United States and Angola providing
for a reciprocal exemption from taxation for income from
the international operation of ships and aircraft. It includes the
United States offer and the Angola acceptance in Portuguese
and an English translation of the Angolan note.
EMPLOYEE PLANS
REG–113891–07, page 821.
Proposed regulations under section 436 of the Code provide
guidance regarding benefit restrictions for certain underfunded
defined benefit pension plans and regarding the use of certain
funding balances maintained for defined benefit pension plans.

Notes:

This information was obtained from the IRS.gov website. E-File Magic does not warrant the accuracy of this information and provides it as a convenience to it’s customers. We encourage you to visit http://www.irs.gov/businesses/lists/0,,id=98230,00.html for the most recent copy of this information.


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