INCOME TAX

Rev. Rul. 2009-1 Rev. Rul. 2009-1

Federal rates; adjusted federal rates; adjusted federal long-term rate and the long-term exempt rate. For purposes of sections 382, 642, 1274, 1288, and other sections of the Code, tables set forth the rates for January 2009.

Notice 2009-4 Notice 2009-4

Basis determination. This notice sets forth the substance of the guidance that the IRS currently contemplates issuing regarding the determination of basis in stock that is acquired in reorganizations described in section 368(a)(1)(B) of the Code and other transferred basis transactions.

Rev. Proc. 2009-10 Rev. Proc. 2009-10

This procedure provides a safe harbor under which the Service will not challenge the treatment of a payment or excess amount received by a money market fund from a fund advisor before January 1, 2010, if the money market fund treats the payment or excess amount, as applicable, as short-term capital gain in the taxable year in which it is received.

EMPLOYEE PLANS

Rev. Rul. 2009-2 Rev. Rul. 2009-2

2009 covered compensation tables; permitted disparity. The covered compensation tables under section 401 of the Code for the year 2009 are provided for use in determining contributions to defined benefit plans and permitted disparity.

Notice 2009-3 Notice 2009-3

This notice provides relief during 2009 for sponsors of section 403(b) plans with respect to the requirement to have a written section 403(b) plan in place by January 1, 2009. This notice also briefly describes other programs the Service intends to establish relating to section 403(b) plans. Rev. Proc. 2007-71 modified.

EXEMPT ORGANIZATIONS

Rev. Proc. 2009-9 Rev. Proc. 2009-9

Determination letters and rulings. This document sets forth procedures for issuing determination letters and rulings on the exempt status of organizations under sections 501 and 521 of the Code. The procedures also apply to the revocation and modification of determination letters or rulings, and provide guidance on the exhaustion of administrative remedies for purposes of declaratory judgment under section 7428. Rev. Proc. 2008-9 superseded.

ADMINISTRATIVE

Notice 2009-1 Notice 2009-1

This notice provides guidance regarding the restriction on investment direction described in section 529(b)(4) of the Code. The notice permits a change in investment strategy for a section 529 account twice in calendar year 2009. Notice 2001-55 modified.