Internal Revenue Bulletin:  2008-9 

March 3, 2008 

INCOME TAX


Notice 2008-25 Notice 2008-25

This notice explains how the GO Zone bonus depreciation recapture provision of section 1400N(d)(5) of the Code applies to GO Zone property transferred in a like-kind exchange or as a result of an involuntary conversion. Notice 2006-77 clarified and amplified.

Notice 2008-26 Notice 2008-26

This notice updates and amplifies the qualifying advanced coal project program of section 48A of the Code by announcing an immediate beginning of a special allocation round to the pool of investment credits available for integrated gasification combined cycle (IGCC) projects using bituminous coal as primary feedstock.

Rev. Proc. 2008-15 Rev. Proc. 2008-15

This document provides procedures under section 9037 of the Code for making payments from the Presidential Primary Matching Payment Account.

Announcement 2008-15 Announcement 2008-15

This announcement contains corrections to Rev. Proc. 2008-13, 2008-6 I.R.B. 407, relating to maximum vehicle values for use with the special valuation rules under regulations section 1.61-21(d) and (e).

Announcement 2008-17 Announcement 2008-17

This announcement invites comments from the public regarding transfer tax issues expected to be addressed in forthcoming proposed regulations (REG-127127-05). The document also requests comments on several income tax issues and on rules relating to the election to treat contributions to a Qualified Tuition Program (QTP) as being made over a 5-year period. Comments must be submitted by March 18, 2008.


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