ESTATE TAX — Internal Revenue Bulletin 2007-48

American Jobs Creation Act (AJCA), modifications to the sec tion 6011 regulations (TD 9350) 38, 607 Charitable lead annuity trust (CLAT):

Inter vivos, sample forms (RP 45) 29, 89 Testamentary, sample form (RP 46) 29, 102 Cost-of-living adjustments for inflation for 2008 (RP 66) 45, 970 Generation-skipping transfer (GST) tax:

Qualified severance of a trust (TD 9348) 37, 563 Severance of a trust for GST tax purposes II (REG–128843–05) 37, 587 Grantor retained interest trusts, application of sections 2036 and

2039 (REG–119097–05) 28, 74 ; hearing location change (Ann 81) 38, 667 Interest rates for 2007, farm real property, special use value (RR

28, 49 Liens, changes to office to which notices of nonjudicial sale

and requests for return of wrongfully levied property must be sent (TD 9344) 36, 535 ; correction (Ann 93) 42, 858 ; (REG–148951–05) 36, 550 ; correction (Ann 94) 42, 858 Penalties, transitional relief for the return preparer penalty pro visions under section 6694 (Notice 54) 27, 12 Proposed Regulations:

26 CFR 20.2036–1, amended; 20.2039–1, amended; grantor retained interest trusts-application of sections 2036 and 2039 (REG–119097–05) 28, 74 ; hearing location change (Ann 81) 38, 667 26 CFR 26.2600–1, amended; 26.2642–6, amended; 26.2654–1, amended; severance of a trust for generation-skipping transfer (GST) tax purposes II (REG–128843–05) 37, 587

2007–48 I.R.B. vii November 26, 2007