Table of Contents

• REG-159444-04
  • AGENCY:
  • ACTION:
  • SUMMARY:
  • DATES:
  • ADDRESSES:
  • FOR FURTHER INFORMATION CONTACT:
  • SUPPLEMENTARY INFORMATION:
    • Background
    • Explanation of Provisions
    • Proposed Effective Date
    • Special Analyses
    • Comments and Requests for Public Hearing
  • Proposed Amendments to the Regulations
    • PART 301—PROCEDURE AND ADMINISTRATION
  • Drafting Information
• Announcement 2007-18
  • Section 1. Background
    • A. Section 409A
    • B. Application of § 409A to Certain Discounted Stock Rights
    • C. Consequences Under § 409A of the Exercise of Certain Discounted Stock Rights in 2006
  • Section 2. Scope of Program
  • Section 3. Eligibility Requirements
  • Section 4. Terms of Participation in the Program
    • A. Notice to the IRS of Intent to Participate
    • B. Notices to Affected Employees and IRS
    • i. Notice to Affected Employees of Intent to Participate
    • ii. Second Notice to IRS
    • C. Employer’s Further Submission of Information and Payment to the IRS
    • i. Information
    • ii. Remittance of All § 409A Taxes Due
    • a. Remittance of Taxes
    • b. Calculation of the 20% tax
    • c. Calculation of the Interest Tax
    • d. Additional Amount Due for Taxes Remitted After April 17, 2007
    • iii. Section 409A Tax Payments Constitute Compensation to the Employee
    • iv. Further Representations by the Employer
    • D. Notice to Affected Employees of the Employer’s Further Submission
  • Section 5. Scope of Relief
    • A. Employer’s Information Reporting Requirements
    • B. Employee’s § 409A Taxes
    • C. An Employer’s Failure to Comply with Representations or Other Actions Required under the Program
    • D. An Employer’s or Employee’s State and Local Information Reporting, Filing and Tax Requirements
  • Section 6. Procedures for Submission of Notices and Further Submissions to the IRS
    • A. Submissions to the IRS
    • B. Requests for Further Information and Withdrawals of Applications and Further Submissions
• Announcement 2007-21
  • AGENCY:
  • ACTION:
  • SUMMARY:
  • DATES:
  • FOR FURTHER INFORMATION CONTACT:
  • SUPPLEMENTARY INFORMATION:
  • Background
  • Need for Corrections
  • Correction of Publication
  • PART 31—EMPLOYMENT TAXES AND COLLECTION OF INCOME TAX AT SOURCE
    • § 31.3402(g)-1 Supplemental wage payments.
• Announcement 2007-22
  • AGENCY:
  • ACTION:
  • SUMMARY:
  • DATES:
  • FOR FURTHER INFORMATION CONTACT:
  • SUPPLEMENTARY INFORMATION:
    • Background
    • Need for Correction
    • Correction of Publication
    • PART 1—INCOME TAXES
    • § 1.199-1 [Corrected]
    • § 1.199-1 Income attributable to domestic production activities.
    • § 1.199-2 [Corrected]
    • § 1.199-2 Wage limitation.
    • § 1.199-3 [Corrected]
    • § 1.199-3 Domestic production gross receipts.
    • § 1.199-4 [Corrected]
    • § 1.199-4 Costs allocable to domestic production gross receipts.
    • § 1.199-6 [Corrected]
    • § 1.199-6 Agricultural and horticultural cooperatives.
    • § 1.199-7 [Corrected]
    • § 1.199-7 Expanded affiliated groups.
    • § 1.199-8 [Corrected]
    • § 1.199-8 Other rules.
    • § 1.199-9 [Corrected]
    • § 1.199-9 Application of section 199 to pass-thru entities for taxable years beginning on or before May 17, 2006, the enactment date of the Tax Increase Prevention and Reconciliation Act of 2005.