ADMINISTRATIVE

Notice 2008–11, page 279. This notice clarifies Notice 2007–54, 2007–27 I.R.B. 12, which provided guidance and transitional relief for the tax return preparer penalty provisions under section 6694 of the Code. Notice 2007–54 clarified.

Notice 2008–12, page 280. This notice provides guidance to the public regarding implementation of the tax return preparer signature requirement penalty provisions under section 6695(b) of the Code, as amended by the Small Business and Work Opportunity Tax Act of 2007.

Notice 2008–13, page 282. This notice provides guidance regarding implementation of the tax return preparer penalty provisions under section 6694 and the related definitional provisions under section 7701(a)(36) of the Code, as amended by the Small Business and Work Opportunity Tax Act of 2007. The Service is also requesting comments on the interim guidelines in this notice and on future rules for the preparer penalty provisions.

Rev. Proc. 2008–10, page 290. Insurance companies; loss reserves; discounting unpaid losses . The loss payment patterns and discount factors are set forth for the 2007 accident year. These factors will be used for computing discounted unpaid losses under section 846 of the Code.

Rev. Proc. 2008–11, page 301. Insurance companies; discounting estimated salvage re- coverable. The salvage discount factors are set forth for the 2007 accident year. These factors will be used for computing discounted estimated salvage recoverable under section 832 of the Code.

January 22, 2008 2008–3 I.R.B.