Bulletin No. 2007-33 — Internal Revenue Bulletin 2007-33

EXEMPT ORGANIZATIONS

Announcement 2007–69, page 371. The IRS has revoked its determination that The Brewer Family Foundation of Orem, UT; Keystone Grants, Inc., of Mesa, AZ; Jeffrey and Lisa Bowen Charitable Supporting Organization of Greenville, DE; 55 Whipple Street Housing Development Fund Corporation of Brooklyn, NY; The Champions Association, Inc., of Pittsburgh, PA; and The Horsestone Foundation of Sandy, UT, qualify as organizations described in sections 501(c)(3) and 170(c)(2) of the Code.

Announcement 2007–70, page 371. This announcement is public notice of the suspension of a particular organization’s federal tax exemption under section 501(p) of the Code. The organization has been designated as supporting or engaging in terrorist activity or supporting terrorism. Contributions made to this organization are not deductible for federal tax purposes for the period that the organization’s tax-exempt status is suspended.

ADMINISTRATIVE

T.D. 9333, page 350. REG–149036–04, page 365. Temporary and proposed regulations under section 6404 of the Code provide guidance on the suspension of interest, penalty, addition to tax, or additional amounts with respect to listed transactions or undisclosed reportable transactions. A public hearing on the proposed regulations is scheduled for October 11, 2007.

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REG–114084–04, page 359. Proposed regulations under section 42 of the Code provide guidance concerning taxpayers’ requests to housing credit agencies to obtain a qualified contract, as defined in section 42(h)(6)(F), for the acquisition of a low-income housing credit building. A public hearing is scheduled for October 15, 2007.

Rev. Proc. 2007–55, page 354. This procedure publishes the amounts of unused housing credit carryovers allocated to qualified states under section 42(h)(3)(D) of the Code for calendar year 2007.

Announcement 2007–71, page 372. This document contains corrections to proposed regulations (REG–143601–06, 2007–24 I.R.B. 1398) that provide mortality tables to be used in determining present value or making any computation for purposes of applying certain pension funding requirements.

August 13, 2007 2007–33 I.R.B.