Internal Revenue Bulletin: 2008-25
June 23, 2008
Accounting methods; contributions to capital; public utility. This ruling provides that a public utility’s change from treating certain payments received from customers as nontaxable contributions to capital under section 118(c) of the Code to treating the payments as taxable customer connection fees is a change in method of accounting under sections 446(e) and 481.
Final regulations under section 7874 of the Code provide for determining whether a foreign corporation is a surrogate foreign corporation when the foreign corporation is part of an expanded affiliated group.
Proposed regulations under section 274(i) of the Code provide guidance relating to qualified nonpersonal use vehicles. The regulations also add clearly marked public safety officer vehicles as a new type of qualified nonpersonal use vehicle.
This notice provides guidance on qualified Health Savings Account (HSA) funding distributions from an Individual Retirement Account (IRA) to an HSA.
This notice provides guidance on the contribution limits for Health Savings Accounts (HSAs) for 2007 and later years. Notices 2004-2 and 2004-50 modified.
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