Internal Revenue Bulletin:  2007-9 

February 26, 2007 

EXEMPT ORGANIZATIONS


Table of Contents

Notice 2007-18 Notice 2007-18

This notice provides guidance under section 4965 of the Code to tax-exempt entities described in section 4965(c) regarding whether they are parties to a prohibited tax shelter transaction. This notice also provides guidance to tax-exempt entities described in sections 4965(c)(1), (2), and (3) subject to tax under section 4965(a) regarding the allocation to various periods of net income or proceeds attributable to a prohibited tax shelter transaction. In addition, the notice invites comments from the public regarding all aspects of these provisions.


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