ADMINISTRATIVE

Rev. Proc. 2007–62, page 786. This procedure supplements Rev. Proc. 2003–43 and Rev. Proc. 2004–48 and provides an additional simplified method for certain eligible entities to request relief for late S corporation elections and late entity classification elections. Rev. Procs. 2003–43 and 2004–48 supplemented.

Announcement 2007–84, page 797. This document contains corrections to final and temporary regulations (T.D. 9332, 2007–32 I.R.B. 300) that relate to the exclusion from gross income of income derived by certain foreign corporations engaged in the international operation of ships or aircraft.

October 9, 2007 2007–41 I.R.B.