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Internal Revenue Bulletin:  2007-46 

November 13, 2007 


Table of Contents

Ct. D. 2083 Ct. D. 2083

Levies upon third party property to collect taxes owed by another; wrongful levy action. The Supreme Court holds that the Trust missed section 7426(a)(1)’s deadline for challenging a levy, and may not bring the challenge as a tax refund claim under section 1346(a)(1).

Notice 2007-89 Notice 2007-89

This notice provides interim guidance to employers and payers on their reporting and wage withholding requirements for calendar year 2007 with respect to deferrals of compensation and amounts includible in gross income under section 409A of the Code. The notice also provides interim rules on calculating amounts includible in gross income under section 409A. Notice 2005-1 modified.

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