The Federal Register

Source Rules Involving U.S. Possessions and Other Conforming Changes

Mon, Jun 9 2008 11:00:00 GMT

Correction

In rule document 081105 beginning on page 19350 in the issue of Wednesday, April 9, 2008 make the following corrections:

1. On page 19357, in the third column, in the first paragraph, in the last line, ``Sec. 601.601(d)(2)(ii)(b)'' should read
``Sec. 601.601(d)(2)(ii)(b)''.

Sec. 1.9372 [Corrected]

2. On page 19373, in Sec. 1.9372(k) at Example 1.(ii), the equation is being reprinted correctly as set forth below.
[GRAPHIC] [TIFF OMITTED] TR09AP08.000
[FR Doc. C81105 Filed 6608; 8:45 am]
BILLING CODE 150501D

Declaratory Judgments--Gift Tax Determinations

Mon, Jun 9 2008 11:00:00 GMT

This document contains proposed regulations under section 7477 of the Internal Revenue Code (Code) regarding petitions filed with the United States Tax Court for declaratory judgments as to the valuation of gifts. Changes to the applicable law were made by section 506(c)(1) of the Taxpayer Relief Act of 1997 (TRA). The proposed regulations primarily affect individuals who are donors of gifts. The proposed regulations provide rules for determining whether a donor may petition the Tax Court with respect to the value of a gift, including guidance regarding the definition of ``exhaustion of administrative remedies.'' This document also provides a notice of a public hearing on these proposed regulations.

Guidance Regarding Foreign Base Company Sales Income; Hearing

Mon, Jun 9 2008 11:00:00 GMT

This document provides notice of public hearing on proposed regulations that provide guidance relating to foreign base company sales income, as defined in section 954(d), in cases in which personal property sold by a controlled foreign corporation (CFC) is manufactured, produced, or constructed pursuant to a contract manufacturing arrangement or by one or more branches of the CFC.

Qualified Nonpersonal Use Vehicles

Mon, Jun 9 2008 11:00:00 GMT

This document contains proposed regulations relating to qualified nonpersonal use vehicles as defined in section 274(i). Qualified nonpersonal use vehicles are excepted from the substantiation requirements of section 274(d)(4) that apply to listed property as defined in section 280F(d)(4). These proposed regulations would add clearly marked public safety officer vehicles as a new type of qualified nonpersonal use vehicles. These proposed regulations would affect employers that provide their employees with qualified nonpersonal use vehicles and the employees who use such vehicles.

Open Meeting of the Area 7 Taxpayer Advocacy Panel (Including the States of Alaska, California, Hawaii, and Nevada)

Mon, Jun 9 2008 11:00:00 GMT

This is to correct the Federal Register Notice that was posted on May 27, 2008. The correct date and time for this meeting is Wednesday, June 25, 2008. An open meeting of the Area 7 committee of the Taxpayer Advocacy Panel will be conducted via telephone conference call. The Taxpayer Advocacy Panel (TAP) is soliciting public comments, ideas, and suggestions on improving customer service at the Internal Revenue Service.