INCOME TAX

T.D. 9362 T.D. 9362

Temporary and proposed regulations under section 905 of the Code provide rules relating to a United States taxpayer's obligation to notify the Internal Revenue Service of a foreign tax redetermination, which is a change in foreign tax liability that may affect the taxpayer's foreign tax credit. These regulations also provide rules under section 6689 relating to the civil penalty for failure to notify the IRS of a foreign tax redetermination.

REG-209020-86 REG-209020-86

Temporary and proposed regulations under section 905 of the Code provide rules relating to a United States taxpayer's obligation to notify the Internal Revenue Service of a foreign tax redetermination, which is a change in foreign tax liability that may affect the taxpayer's foreign tax credit. These regulations also provide rules under section 6689 relating to the civil penalty for failure to notify the IRS of a foreign tax redetermination.

Notice 2007-93 Notice 2007-93

This notice describes how the amendment to section 6404(g) made by the Small Business and Work Opportunity Act of 2007 applies to notices under section 6404(g)(1) that are provided on or after November 26, 2007.

Rev. Proc. 2007-67 Rev. Proc. 2007-67

Change in accounting method. This document allows taxpayers, under certain conditions, to request to revise the year of change for a Form 3115, Application for Change in Accounting Method, that is pending in the national office. It also modifies the period for taking into account a net positive section 481(a) adjustment when the Commissioner approves the taxpayer's request to revise the year of change. Rev. Proc. 97-27 modified.

Announcement 2007-110 Announcement 2007-110

This announcement contains changes in filing procedures for Form 1042-S, Foreign Person's U.S. Source Income Subject to Withholding, filed electronically or magnetically. These changes are effective immediately.

EMPLOYEE PLANS

Rev. Rul. 2007-67 Rev. Rul. 2007-67

Mortality tables; single sum distributions; section 417(e)(3) of the Code. This ruling pertains to the mortality table to be used when calculating a single sum distribution as a result of the amendment of section 417(e)(3) to the Code by the Pension Protection Act. Rev. Rul. 2001-62 modified.

Notice 2007-91 Notice 2007-91

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

ADMINISTRATIVE

Announcement 2007-110 Announcement 2007-110

This announcement contains changes in filing procedures for Form 1042-S, Foreign Person's U.S. Source Income Subject to Withholding, filed electronically or magnetically. These changes are effective immediately.