Internal Revenue Bulletin:  2007-36 

September 4, 2007 

EXEMPT ORGANIZATIONS


T.D. 9340 T.D. 9340

Final regulations provide updated guidance on tax-shelter annuities, custodial accounts of public schools and section 501(c)(3) tax-exempt organizations, and church retirement income accounts, authorized under section 403(b) of the Code. The regulations provide the public with the guidance necessary to comply with the law and will affect sponsors of section 403(b) contracts, administrators, participants and beneficiaries. The regulations also provide guidance relating to the controlled group rules under section 414(c) for entities that are tax-exempt under section 501(a).

Announcement 2007-76 Announcement 2007-76

The IRS has revoked its determination that Progressive Services, Inc., of Norman, OK; Harold Binstein Humanitarian Fund of Chicago, IL; Say No to Drugs of Greenville, TX; Shamrock Boxing, Inc., of Covington, KY; National Home Foundation, Inc., of Rockville, MD; and Business & Nonprofit Center of Eastern Madera County of Fresno, CA, qualify as organizations described in sections 501(c)(3) and 170(c)(2) of the Code.


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