Bulletin No. 2006-51 — Internal Revenue Bulletin 2006-51

EXEMPT ORGANIZATIONS

Notice 2006–109, page 1121. This notice provides interim guidance to certain section 501(c)(3) organizations and related taxpayers regarding new legislation in the Pension Protection Act of 2006 (Act) applicable to private foundations, supporting organizations, and charitable organizations that maintain donor advised funds. The notice also solicits comments regarding this guidance and other provisions under the Act that might impact similarly situated taxpayers.

Announcement 2006–99, page 1139. A list is provided of organizations now classified as private foundations.

SELF-EMPLOYMENT TAX

Notice 2006–108, page 1118. This notice contains a proposed revenue ruling and requests comments concerning the proposed holding that Conservation Reserve Program (CRP) rental payments (including incentive payments) from the United States Department of Agriculture to (1) a farmer actively engaged in the trade or business of farming who enrolls land in CRP and fulfills the CRP contractual obligations personally and to (2) an individual not otherwise actively engaged in the trade or business of farming who enrolls land in CRP and fulfills the CRP contractual obligations by arranging for a third party to perform the required activities are both includible in net income from self-employment for purposes of the Self-Employment Contributions Act (SECA) tax and not excluded from net income from self-employment as rentals from real estate.

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Announcements of Disbarments and Suspensions begin on page 1129. Finding Lists begin on page ii.

ADMINISTRATIVE

Announcement 2006–98, page 1139. This document contains a correction to proposed regulations (REG–103039–05, 2006–49 I.R.B. 1057) by cross-reference to temporary regulations relating to the disclosure of reportable transactions by material advisors.

Announcement 2006–100, page 1141. This announcement alerts the public regarding updated procedures for closing cases involving listed transactions when settlement on listed transactions was not able to be reached in the Office of Appeals.

December 18, 2006 2006–51 I.R.B.