Internal Revenue Bulletin: 2007-40
October 1, 2007
This notice provides guidance to taxpayers to file all Forms 1098-C, Contributions of Motor Vehicles, Boats, and Airplanes, along with Form 1096, Annual Summary and Transmittal of U.S. Information Returns, at the Kansas City Service Center after December 31, 2007. The Internal Revenue Service Center at Ogden remains the location for Forms 1098-C filed on or before December 31, 2007. The Form 1098-C is an information form used by a donee organization to report a contribution of a qualified vehicle with a claimed value of more than $500. Notice 2006-1 modified.
A list is provided of organizations now classified as private foundations.
This announcement describes rules under section 509 of the Code that the Treasury Department and the IRS anticipate proposing in a notice of proposed rulemaking (REG-155929-06) regarding (1) the payout requirements for Type III supporting organizations that are not functionally integrated, and (2) the criteria for determining whether a Type III supporting organization is functionally integrated. It also addresses some additional matters regarding Type III supporting organizations in response to changes in the law made by the Pension Protection Act of 2006.
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