Itemized deductions, certain federal taxable income. The Supreme Court holds that investment advisory fees generally are subject to the 2% floor when incurred by a trust. Knight, Trustee of William L. Rudkin Testamentary Trust v. Commissioner of Internal Revenue.

Final, temporary, and proposed regulations under section 7701 of the Code add an entity to the list of foreign business entities that are always classified as corporations. This entity is not eligible to check the box to change its classification.

Final, temporary, and proposed regulations under section 7701 of the Code add an entity to the list of foreign business entities that are always classified as corporations. This entity is not eligible to check the box to change its classification.

Proposed regulations under section 162 of the Code provide guidance regarding the deduction for deemed living expenses while away from home for a state legislator who makes an election under section 162(h).

Proposed regulations under section 4980F of the Code provide guidance relating to a plan amendment that is permitted to be effective before the plan amendment’s applicable amendment date. The regulations would also reflect certain amendments made to section 4980F by the Pension Protection Act of 2006, Public Law 109-280 (120 Stat. 780). A public hearing is scheduled for July 10, 2008.

Weighted average interest rate update; corporate bond indices; 30-year Treasury securities; segment rates. This notice contains updates for the corporate bond weighted average interest rate for plan years beginning in April 2008; the 24-month average segment rates; the funding transitional segment rates applicable for April 2008; and the minimum present value transitional rates for March 2008.

A list is provided of organizations now classified as private foundations.

Final, temporary, and proposed regulations under section 7701 of the Code add an entity to the list of foreign business entities that are always classified as corporations. This entity is not eligible to check the box to change its classification.

Final, temporary, and proposed regulations under section 7701 of the Code add an entity to the list of foreign business entities that are always classified as corporations. This entity is not eligible to check the box to change its classification.

This document provides notice of a public hearing on proposed regulations (REG-133300-07, 2007-49 I.R.B. 1140) under sections 401(k), 401(m), 402(c), 411(a), 414(w), and 4979(f) of the Code relating to automatic contribution arrangements. The regulations will affect administrators of, employers maintaining, participants in, and beneficiaries of eligible plans that include an automatic contribution arrangement under sections 401(k)(13), 401(m)(12), or 414(w). A public hearing is scheduled for May 19, 2008.

This document contains a correction to final regulations (T.D. 9386, 2008-16 I.R.B. 788) concerning the availability and character of a loss deduction under section 165 of the Code for losses sustained from abandoned stock or other securities.

This document contains a correction to final regulations (T.D. 8697, 1997-1 C.B. 215) that classify certain business organizations under an elective regime.