Bulletin No. 2007-15 April 9, 2007

Notice 2007–35, page 940. This notice alerts taxpayers to common mistakes made on individual income tax returns.

Announcement 2007–35, page 949. Escrow accounts, trusts, and other funds used during deferred exchanges of like-kind property. A revised initial regulatory flexibility analysis discusses the impact on small businesses of proposed regulations (REG–113365–04, 2006–10 I.R.B. 580) relating to the current taxation of qualified escrow accounts, qualified trusts, and other escrow accounts, trusts, and funds used during deferred exchanges of like-kind property. The proposed regulations were published in the Federal Register on February 6, 2006.

Announcement 2007–39, page 954. This announcement publishes a copy of the news release issued by the Office of the Deputy Commissioner, International, on March 22, 2007. It provides a further extension, until June 30, 2007, of the deadline for current and former U.S.-based employees of foreign embassies, consular offices and missions, and international organizations to participate in a onetime settlement initiative to resolve outstanding tax matters related to their employment.

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