Temporary and proposed regulations under section 6404 of the Code provide guidance on the suspension of interest, penalty, addition to tax, or additional amounts with respect to listed transactions or undisclosed reportable transactions. A public hearing on the proposed regulations is scheduled for October 11, 2007.

Temporary and proposed regulations under section 6404 of the Code provide guidance on the suspension of interest, penalty, addition to tax, or additional amounts with respect to listed transactions or undisclosed reportable transactions. A public hearing on the proposed regulations is scheduled for October 11, 2007.

Proposed regulations under section 42 of the Code, which concern the low-income housing credit, would amend the utility allowances regulations under section 1.42-10. A public hearing is scheduled for October 9, 2007.

Proposed regulations under section 3406(g) of the Code provide amendments to the existing regulations for backup withholding for reportable payments made through a Qualified Payment Card Agent (QPCA). See related Notice 2007-59, 2007-30 I.R.B. 135, containing a proposed revenue procedure for guidance on QPCA determinations. A public hearing is scheduled for November 7, 2007.

Repayment of Commodity Credit Corporation (CCC) loans. This notice provides guidance regarding the tax treatment and information reporting of “market gain” associated with the repayment of nonrecourse marketing assistance loans made by the CCC under the Farm Security and Rural Investment Act of 2002.

The IRS has revoked its determination that The Brewer Family Foundation of Orem, UT; Keystone Grants, Inc., of Mesa, AZ; Jeffrey and Lisa Bowen Charitable Supporting Organization of Greenville, DE; 55 Whipple Street Housing Development Fund Corporation of Brooklyn, NY; The Champions Association, Inc., of Pittsburgh, PA; and The Horsestone Foundation of Sandy, UT, qualify as organizations described in sections 501(c)(3) and 170(c)(2) of the Code.

This announcement is public notice of the suspension of a particular organization’s federal tax exemption under section 501(p) of the Code. The organization has been designated as supporting or engaging in terrorist activity or supporting terrorism. Contributions made to this organization are not deductible for federal tax purposes for the period that the organization’s tax-exempt status is suspended.

Temporary and proposed regulations under section 6404 of the Code provide guidance on the suspension of interest, penalty, addition to tax, or additional amounts with respect to listed transactions or undisclosed reportable transactions. A public hearing on the proposed regulations is scheduled for October 11, 2007.

Temporary and proposed regulations under section 6404 of the Code provide guidance on the suspension of interest, penalty, addition to tax, or additional amounts with respect to listed transactions or undisclosed reportable transactions. A public hearing on the proposed regulations is scheduled for October 11, 2007.

Proposed regulations under section 42 of the Code provide guidance concerning taxpayers’ requests to housing credit agencies to obtain a qualified contract, as defined in section 42(h)(6)(F), for the acquisition of a low-income housing credit building. A public hearing is scheduled for October 15, 2007.

This procedure publishes the amounts of unused housing credit carryovers allocated to qualified states under section 42(h)(3)(D) of the Code for calendar year 2007.

This document contains corrections to proposed regulations (REG-143601-06, 2007-24 I.R.B. 1398) that provide mortality tables to be used in determining present value or making any computation for purposes of applying certain pension funding requirements.