Bulletin No. 2007-26 June 25, 2007

Rev. Proc. 2007–40, page 1488. This procedure specifies the requirements for participating as an Authorized IRS e-file Provider and is the official set of rules that govern participation in IRS e-file . The procedure revises Rev. Proc. 2005–60, 2005–2 C.B. 449, by providing for denial of application or revocation of an Authorized IRS e-file Provider’s participation in IRS e-file if it has been enjoined from filing returns by a federal or state court injunction or other legal action that would prevent its participation in the program. Rev. Proc. 2005–60 superseded.

Rev. Proc. 2007–41, page 1492. This procedure designates the securities and commodities that are eligible positions for purposes of the safe harbor valuation regulations. It also illustrates the application of the safe harbor to taxpayers who are both dealers and traders.

EMPLOYEE PLANS

Notice 2007–51, page 1456. Weighted average interest rate update; corporate bond indices; 30-year Treasury securities. The weighted average interest rate for June 2007 and the resulting permissible range of interest rates used to calculate current liability and to determine the required contribution are set forth.

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EXEMPT ORGANIZATIONS

Rev. Proc. 2007–40, page 1488. This procedure specifies the requirements for participating as an Authorized IRS e-file Provider and is the official set of rules that govern participation in IRS e-file . The procedure revises Rev. Proc. 2005–60, 2005–2 C.B. 449, by providing for denial of application or revocation of an Authorized IRS e-file Provider’s participation in IRS e-file if it has been enjoined from filing returns by a federal or state court injunction or other legal action that would prevent its participation in the program. Rev. Proc. 2005–60 superseded.

Announcement 2007–60, page 1499. A list is provided of organizations now classified as private foundations.

EMPLOYMENT TAX

Rev. Proc. 2007–40, page 1488. This procedure specifies the requirements for participating as an Authorized IRS e-file Provider and is the official set of rules that govern participation in IRS e-file . The procedure revises Rev. Proc. 2005–60, 2005–2 C.B. 449, by providing for denial of application or revocation of an Authorized IRS e-file Provider’s participation in IRS e-file if it has been enjoined from filing returns by a federal or state court injunction or other legal action that would prevent its participation in the program. Rev. Proc. 2005–60 superseded.

EXCISE TAX

Rev. Proc. 2007–40, page 1488. This procedure specifies the requirements for participating as an Authorized IRS e-file Provider and is the official set of rules that govern participation in IRS e-file . The procedure revises Rev. Proc. 2005–60, 2005–2 C.B. 449, by providing for denial of application or revocation of an Authorized IRS e-file Provider’s participation in IRS e-file if it has been enjoined from filing returns by a federal or state court injunction or other legal action that would prevent its participation in the program. Rev. Proc. 2005–60 superseded.

ADMINISTRATIVE

Rev. Proc. 2007–40, page 1488. This procedure specifies the requirements for participating as an Authorized IRS e-file Provider and is the official set of rules that govern participation in IRS e-file . The procedure revises Rev. Proc. 2005–60, 2005–2 C.B. 449, by providing for denial of application or revocation of an Authorized IRS e-file Provider’s participation in IRS e-file if it has been enjoined from filing returns by a federal or state court injunction or other legal action that would prevent its participation in the program. Rev. Proc. 2005–60 superseded.

June 25, 2007 2007–26 I.R.B.