This is the table of contents of Internal Revenue Bulletin IRB 2007-51. Click on an entry to view the entry. Items shown under "Highlights of This Issue" open summaries of each IRB-referenced document only. Scroll to Parts I, II, etc. to view the full text versions of each IRB-referenced document. Use the "Keyword Search" option of TouchTax to search the full text of all Internal Revenue Bulletins, including this IRB.
These synopses are intended only as aids to the reader in identifying the subject matter covered. They may not be relied upon as authoritative interpretations.
Temporary and proposed regulations under section 6039I of the Code will implement the authority given the Secretary to require information reporting on employer-owned life insurance.
Temporary and proposed regulations under section 6039I of the Code will implement the authority given the Secretary to require information reporting on employer-owned life insurance.
Proposed regulations under section 381 of the Code provide guidance regarding the accounting method or combination of methods, including inventory methods, to use following certain corporate reorganizations and tax-free liquidations. The regulations will clarify and simplify the existing regulations.
Retirement plans; qualification, list of changes. This notice sets forth a list of changes referred to in Rev. Proc. 2007-44, 2007-28 I.R.B. 54, pertaining to the statutory, regulatory, and guidance changes needed for certain requests to the Service for opinion, advisory, and determination letters for the 12-month period beginning February 1, 2008.
Tax-sheltered annuities; written program; public schools; model amendments. This procedure sets forth model amendments that may be adopted in order to satisfy certain requirements for a definite written program for certain tax-sheltered annuities under section 403(b) of the Code. This revenue procedure also provides additional relief for certain section 403(b) tax-sheltered annuity contracts.
This announcement is a public notice of the suspension of the federal tax exemption under section 501(p) of the Code of a certain organization that has been designated as supporting or engaging in terrorist activity or supporting terrorism. Contributions made to this organization during the period that the organization’s tax-exempt status is suspended are not deductible for federal tax purposes.
The IRS has revoked its determination that Somolian Women’s Association of Hopkins, MN; The Charitable ASP Family Foundation of Sun City, AZ; Prisma Zona Explorotia De Puerto Rico of San Juan, PR; Design Coalition, Inc., of Madison, WI; RVing Women of Apache Junction, AZ; Black Heritage Society, Inc., of Houston, TX; Affordable Housing USA, Inc., of Camarillo, CA; Consumer Credit Education and Counseling, Inc., of Huntsville, AL; United Debt Counseling, Inc., of Fort Lauderdale, FL; and Chicago Principals and Administrators of Chicago, IL, qualify as organizations described in section 501(c)(3) and 170(c)(2) of the Code.
A list is provided of organizations now classified as private foundations.
This document contains a correction to proposed regulations (REG-140206-06, 2007-46 I.R.B. 1006) relating to a withholding agent’s obligation to withhold and report tax under Chapter 3 of the Code.
The Internal Revenue Bulletin is produced and published by the Internal Revenue Service and contains IRS pronouncements affecting tax analysis under the Code and the Regulations, including but not limited to Revenue Procedures, Revenue Rulings, Notices and Announcements. Access the IRS site at https://www.irs.gov/help/irsgov-accessibility for information concerning accessibility of IRS materials. While every effort has been made to ensure that the IRB database files available through the TouchTax application are accurate, those using TouchTax for legal research should verify their results against the printed versions of the IRBs available from the IRS.