Bulletin No. 2007-47 — Internal Revenue Bulletin 2007-47

EMPLOYMENT TAX

Notice 2007–92, page 1036. 2008 social security contribution and benefit base; do- mestic employee coverage threshold. The Commissioner of the Social Security Administration has announced (1) the OASDI contribution and benefit base for remuneration paid in 2008 and self-employment income earned in taxable years beginning in 2008, and (2) the domestic employee coverage threshold amount for 2008.

ADMINISTRATIVE

Ct. D. 2084, page 1032. Abatement; interest accruals; federal income taxes. The Supreme Court holds that the Tax Court provides the exclusive forum for judicial review of failure to abate interest under section 6404(e)(1).

Announcement 2007–109, page 1045. This document contains corrections to proposed regulations (REG–107592–00, 2007–44 I.R.B. 908) and withdrawal of proposed regulations (REG–105964–98) providing guidance regarding the treatment of transactions involving obligations between members of a consolidated group and the treatment of transactions involving the provision of insurance between members of a consolidated group. These regulations will affect corporations filing consolidated returns.

Announcements of Disbarments and Suspensions begin on page 1039. Finding Lists begin on page ii.