Internal Revenue Bulletin: 2007-47
November 19, 2007
Abatement; interest accruals; federal income taxes. The Supreme Court holds that the Tax Court provides the exclusive forum for judicial review of failure to abate interest under section 6404(e)(1).
Final regulations under section 368 of the Code amend regulations sections 1.368-1(d), 1.368-2(f) and 1.368-2(k) concerning the tax treatment of post-reorganization transfers of assets or stock of a party to the reorganization.
Proposed regulations under section 31 U.S.C. 9701 implement new user fees for the initial and renewed enrollment to become an enrolled actuary. The new user fees established by the regulations reflect the IRS’s costs of overseeing the initial enrollment and renewal of enrollment processes. The regulations establish a $250 user fee for initial enrollment and a $250 user fee for renewal of enrollment. A public hearing is scheduled for November 26, 2007.
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