ADMINISTRATIVE

Rev. Proc. 2007–16, page 358. This document provides an automatic consent procedure allowing a taxpayer to make a change in method of accounting for certain depreciable or amortizable property after its disposition, waives the two-year rule in Rev. Rul. 90–38 with respect to certain changes in depreciation or amortization, and modifies other revenue procedures to conform with regulations section 1.446–1(e)(2)(ii)(d). Rev. Procs. 2000–38, 2000–50, and 2002–9 modified. Rev. Proc. 2004–11 superseded.

Rev. Proc. 2007–17, page 368. This procedure, which supersedes Rev. Proc. 2005–12, 2005–1 C.B. 311, provides guidance that continues the existing Pre-Filing Agreement (PFA) program with only minor changes related to the processing of PFAs. Rev. Proc. 2005–12 superseded.

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Announcement 2007–5, page 376. This document changes the location of the public hearing on proposed regulations (REG–127819–06, 2006–48 I.R.B. 1013) concerning the amendments made by the Tax Increase Prevention and Reconciliation Act of 2005 (TIPRA) to section 199.

Announcement 2007–6, page 376. This document changes the location of the public hearing on proposed regulations (REG–136806–06, 2006–47 I.R.B. 950) relating to the standards for treating payments in lieu of taxes as generally applicable taxes for purposes of the private security or payment test.

Announcement 2007–7, page 377. This document changes the location of the public hearing on proposed regulations (REG–141901–05, 2006–47 I.R.B. 947) that provide guidance on taxation of the exchange of property for an annuity contract.

January 22, 2007 2007–4 I.R.B.