Internal Revenue Bulletin:  2009-32 

August 10, 2009 

INCOME TAX


Rev. Rul. 2009-23 Rev. Rul. 2009-23

Certain cost-sharing payments; Forest Health Protection Program. This ruling states that the Forest Health Protection Program (FHPP) is substantially similar to the type of programs described in section 126(a)(1) through (8) of the Code within the meaning of section 126(a)(9). Consequently, all or a portion of cost-share payments received under the FHPP is eligible for exclusion from gross income to the extent permitted by section 126.

Notice 2009-60 Notice 2009-60

This notice invites public comments regarding the Service’s review of issues concerning tax return preparers.

Notice 2009-61 Notice 2009-61

This notice informs market participants that for purposes of sections 871, 881, 1441, and 1442 of the Code, Treasury and the Service are considering issuing future guidance regarding the proper treatment of Fails Charges and that the Service will not challenge a position adopted by a taxpayer or withholding agent that a Fails Charge is not subject to a U.S. gross-basis taxation if that Fails Charge is paid prior to December 31, 2010, unless guidance is issued before that date.


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