SPECIAL ANNOUNCEMENT

Announcement 2007-100 Announcement 2007-100

The Twentieth Annual Institute on Current Issues in International Taxation, jointly sponsored by the Internal Revenue Service and the George Washington University Law School, will be held on December 13 and 14, 2007, at the Grand Hyatt Washington Hotel in Washington, DC.

INCOME TAX

REG-107592-00 REG-107592-00

Proposed regulations under section 1502 of the Code provide guidance regarding the treatment of transactions involving debt obligations and securities between members of a consolidated group, and involving the provision of insurance between members of a consolidated group. REG-105964-98 withdrawn.

EMPLOYEE PLANS

Notice 2007-81 Notice 2007-81

Interest rate modifications; Pension Protection Act of 2006; targeted segments. As required by section 430(h)(2) of the Code, as added by the Pension Protection Act of 2006, the corporate bond yield curve; the corporate bond yield curve with modifications; and the methodology used to determine these yield curves are set forth. In addition, this notice provides guidance in determining minimum present values under section 417(e)(3).

Notice 2007-82 Notice 2007-82

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 October 2007; the 24-month average segment rates; the funding transitional segment rates applicable for October 2007; and the minimum present value transitional rates for September 2007.

ADMINISTRATIVE

Announcement 2007-102 Announcement 2007-102

This document contains corrections to final regulations (T.D. 9340, 2007-36 I.R.B. 487) that provide updated guidance on section 403(b) contracts of public schools and tax-exempt organizations described in section 501(c)(3). These regulations will affect sponsors of section 403(b) contracts, administrators, participants, and beneficiaries.

Announcement 2007-103 Announcement 2007-103

This document contains corrections to final regulations (T.D. 9353, 2007-40 I.R.B. 721) relating to the application of section 1045 of the Code to partnerships and their partners.