Internal Revenue Bulletin: 2009-3
January 21, 2009
Final regulations under sections 6694 and 6695 of the Code and the related definitional provisions, implement the modifications to the tax return preparer penalties as amended by the Small Business and Work Opportunity Tax Act of 2007 and the Tax Extenders and Alternative Minimum Tax Relief Act of 2008. Notices 2007-54, 2008-11, 2008-12, 2008-13, and 2008-46 obsoleted.
This notice provides interim guidance regarding implementation of the tax return preparer penalty under section 6694(a) of the Code as amended by the Tax Extenders and Alternative Minimum Tax Relief Act of 2008. Notice 2008-13 modified and clarified.
This procedure describes the returns and claims for refund that are subject to the penalties for understatement of a taxpayer’s liability by a tax return preparer under section 6694 of the Code and for the tax return preparer’s failure to sign the return or claim for refund under section 6695(b). Notices 2008-12 and 2008-46 obsoleted. Notice 2008-13, list of forms, modified and superseded.
This procedure provides the maximum vehicle values for use with the special valuation rules under regulations sections 1.61-21(d) and (e) in 2009. These values are indexed for inflation and must be adjusted annually by referring to the Consumer Price Index.
This procedure, which supersedes Rev. Proc. 2007-17, 2007-4 I.R.B. 368, provides guidance that makes the existing Pre-Filing Agreement (PFA) program permanent. Rev. Proc. 2007-17 superseded.
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