Internal Revenue Bulletin:  2007-10 

March 5, 2007 

INCOME TAX


Rev. Rul. 2007-10 Rev. Rul. 2007-10

Insurance companies; interest rate tables. Prevailing state assumed interest rates are provided for the determination of reserves under section 807 of the Code for contracts issued in 2006 and 2007. Rev. Rul. 92-19 supplemented in part.

T.D. 9311 T.D. 9311

Final, temporary, and proposed regulations under section 367(a) of the Code provide rules for entering into gain recognition agreements. The regulations clarify the effect that various transactions have on existing gain recognition agreements. Final regulations update certain cross-references in current regulations.

T.D. 9311 REG-147144-06

Final, temporary, and proposed regulations under section 367(a) of the Code provide rules for entering into gain recognition agreements. The regulations clarify the effect that various transactions have on existing gain recognition agreements. Final regulations update certain cross-references in current regulations.

Notice 2007-22 Notice 2007-22

This notice provides guidance on rollovers from health Flexible Spending Arrangements (health FSAs) and Health Reimbursement Arrangements (HRAs) to Health Savings Accounts (HSAs) under amendments to the Code by section 302 of the Health Opportunity Patient Empowerment Act of 2006 included in the Tax Relief and Health Care Act of 2006. Notices 2002-45 and 2005-86 modified. Rev. Ruls. 69-141, 2002-41, 2003-102, 2005-24, and 2006-36 modified.

Rev. Proc. 2007-23 Rev. Proc. 2007-23

This procedure provides administrative guidance permitting the use of a “Net Consideration Method” of accounting for certain patent cross licensing arrangements. Under the method, only cash and other non-patent-right consideration are taken into account for withholding and capitalization purposes. The procedure also requests comments on the types of arrangements that should be covered by the method.

Announcement 2007-24 Announcement 2007-24

This announcement notifies Archer MSA trustees and custodians of the obligation to report the number of Archer MSAs established between (1) January 1, 2005, and June 30, 2005, and (2) January 1, 2006, and June 30, 2006.


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