Internal Revenue Bulletin:  2007-37 

September 10, 2007 

ADMINISTRATIVE


Rev. Rul. 2007-59 Rev. Rul. 2007-59

Bankruptcy effects of disaster and combat zone relief. This ruling provides that the postponement of the time to file a return under section 7508 or 7508A of the Code does not change the date that the return is last due, including extensions, and therefore does not change the priority and dischargeability of the tax for bankruptcy purposes.

Notice 2007-74 Notice 2007-74

Bankruptcy effects of disaster relief for Hurricane Katrina victims who file section 6081 extensions. This notice clarifies Notice 2006-56, 2006-28 I.R.B. 58, by explaining that even if an affected taxpayer requested an extension of time to file a return under section 6081 during the section 7508A postponement period, the due date of the return, including extensions, would be the original due date plus six months. The postponement under section 7508A does not change the priority and dischargeability of tax for bankruptcy purposes, regardless of when the extension of time under section 6081 is requested. Rev. Rul. 2007-59 amplified. Notice 2006-56 clarified.


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