Bulletin No. 2007-49 December 3, 2007

ing to excise tax on certain excess contributions and excess aggregate contributions.

EXEMPT ORGANIZATIONS

Announcement 2007–111, page 1153. The IRS has revoked its determination that First Step Consumer Credit Counseling, Inc., of Macunle, PA; Sterling Debt Management, Inc., of Los Angeles, CA; Community Partners Corporation of Las Vegas, NV; The Senior Citizens Counseling and Delivery Service of Washington, DC; Elaine R. Shepard Cancer Research Foundation of Coronado, CA; The Dowd Foundation of Wilkes-Barre, PA; Western Arkansas Housing Fdn. of Ft. Smith, AR; Pythons Drill Team of Kansas City, MO; Buddy and Rita Gregory Charitable Supporting Organization of Lehi, UT; Down Payment Assistance Foundation, Inc., of Glendora, CA; Market 5 Gallery of Washington, DC; IJM Foundation of Syosset, NY; International Charities of Nevada of Las Vegas, NV; First Bingo Cooperative Association of Austin, TX; One America Foundation, Inc., of Baltimore, MD; Future Homes Assistance Programs, Inc., of Stockbridge, GA; Sweet Home Foundation of Caldwell, ID; and Housing Opportunities of Houston Inc., of Houston, TX, qualify as organizations described in section 501(c)(3) and 170(c)(2) of the Code.

EXCISE TAX

Notice 2007–97, page 1092. This notice defines liquid hydrocarbons derived from biomass for purposes of the credits and payments provided for alternative fuel and alternative fuel mixtures under sections 34, 6426, and 6427 of the Code.

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ADMINISTRATIVE

T.D. 9363, page 1084. Final regulations under section 6011 of the Code update and clarify the rules and procedures for filing corporate income tax returns and returns of organizations required to file returns under section 6033 on magnetic media pursuant to section 6011(e). These regulations affect corporations, including S corporations, with assets of $10 million or more that file Form 1120, U.S. Corporation Income Tax Return, or Form 1120S, U.S. Income Tax Return for an S Corporation ; exempt organizations with assets of $10 million or more that are required to file returns under section 6033, and private foundations or section 4947(a)(1) trusts that are required to file returns under section 6033.

Notice 2007–96, page 1091. This notice announces that the Department of the Treasury will change the procedures for making payments from the Presidential Primary Matching Payment Account and will modify the regulations under section 9037 of the Code to reflect the changed procedures. Notice 96–13 superseded.

December 3, 2007 2007–49 I.R.B.