Excerpt:

INCOME TAX
Rev. Rul. 2007–69, page 1083.
This ruling provides that payments made by the U.S. Department
of Veterans Affairs under the compensated work therapy
program are exempt from federal income tax as veterans’ benefits.
Rev. Rul. 65–18 revoked, Rev. Rul. 72–605 amplified.
Notice 2007–95, page 1091.
This notice addresses regulations under section 901 of the
Code relating to the foreign tax credit. It announces revised
effective dates for regulations amending the “legal liability”
or “technical taxpayer” rule and the noncompulsory payment
rules.
Rev. Proc. 2007–68, page 1093.
Substitute tax forms and schedules. Requirements are set
forth for privately designed and printed federal tax forms and
conditions under which the Service will accept computer prepared
and computer-generated tax forms and schedules. Rev.
Proc. 2007–24 superseded.
Rev. Proc. 2007–69, page 1137.
This procedure informs small business refiners how to obtain
the certification required under section 45H(f) of the Code.
EMPLOYEE PLANS
REG–133300–07, page 1140.
Proposed regulations under section 401 of the Code provide
guidance relating to certain automatic contribution arrangements;
section 402(c) relating to eligible rollover distributions;
section 411(a) relating to forfeitures; and section 4979(f) relat

Notes:

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