This announcement publishes a copy of the news release issued by the Office of the Deputy Commissioner, International, on March 22, 2007. It provides a further extension, until June 30, 2007, of the deadline for current and former U.S.-based employees of foreign embassies, consular offices and missions, and international organizations to participate in a one-time settlement initiative to resolve outstanding tax matters related to their employment.

Federal rates; adjusted federal rates; adjusted federal long-term rate and the long-term exempt rate. For purposes of sections 382, 642, 1274, 1288, and other sections of the Code, tables set forth the rates for April 2007.

Final regulations under section 1503 of the Code address various dual consolidated loss issues, including exceptions to the general prohibition against using a dual consolidated loss to reduce the taxable income of any other member of the affiliated group. Section 1503(d) generally provides that a dual consolidated loss of a dual resident corporation cannot reduce the taxable income of any other member of the affiliated group unless, to the extent provided in regulations, such loss does not offset the income of any foreign corporation. Similar rules apply to losses of separate units of domestic corporations. Notice 2006-13 obsoleted. Rev. Proc. 2000-42 obsoleted in part.

This notice alerts taxpayers to common mistakes made on individual income tax returns.

Escrow accounts, trusts, and other funds used during deferred exchanges of like-kind property. A revised initial regulatory flexibility analysis discusses the impact on small businesses of proposed regulations (REG-113365-04, 2006-10 I.R.B. 580) relating to the current taxation of qualified escrow accounts, qualified trusts, and other escrow accounts, trusts, and funds used during deferred exchanges of like-kind property. The proposed regulations were published in the Federal Register on February 6, 2006.

This announcement publishes a copy of the news release issued by the Office of the Deputy Commissioner, International, on March 22, 2007. It provides a further extension, until June 30, 2007, of the deadline for current and former U.S.-based employees of foreign embassies, consular offices and missions, and international organizations to participate in a one-time settlement initiative to resolve outstanding tax matters related to their employment.

The IRS has revoked its determination that Quality Industrial Services of Snohomish, WA; Nazareth, Inc., of Cleveland Heights, OH; One Step Ahead Daycare, Inc., of Racine, WI; Gift America Program of Rockville, MD; The Patrick and Janet Hayes Charitable Supporting Organization of Houston, TX; 10^th Life Foundation of Santa Barbara, CA; San Francisco Neighbors Resource Center of San Francisco, CA; Emerald Foundation, Inc., of Ojai, CA; and Osterville Village Association of Osterville, MA, qualify as organizations described in sections 501(c)(3) and 170(c)(2) of the Code.

Proposed regulations under sections 7603 and 7609 of the Code provide guidance relating to the manner in which summonses may be served on third-party recordkeepers, the expanded class of third-party summonses subject to notice requirements and other procedures, and the suspension of periods of limitation if a court proceeding is brought involving a challenge to a third-party summons, or if a third party’s response to a summons is not finally resolved within six months after service.

This notice alerts taxpayers to common mistakes made on individual income tax returns.

This document contains corrections to proposed regulations (REG-139059-02, 2006-24 I.R.B. 1052) that conform the rules relating to the child and dependent care credit to statutory changes including amendments under the Working Families Tax Relief Act of 2004.

This document contains additional corrections to proposed regulations (REG-139059-02, 2006-24 I.R.B. 1052) that conform the rules relating to the child and dependent care credit to statutory changes including amendments under the Working Families Tax Relief Act of 2004.

This announcement publishes a copy of the news release issued by the Office of the Deputy Commissioner, International, on March 22, 2007. It provides a further extension, until June 30, 2007, of the deadline for current and former U.S.-based employees of foreign embassies, consular offices and missions, and international organizations to participate in a one-time settlement initiative to resolve outstanding tax matters related to their employment.