INCOME TAX

Rev. Rul. 2008–11, page 541. Federal rates; adjusted federal rates; adjusted federal long-term rate and the long-term exempt rate. For purposes of sections 382, 642, 1274, 1288, and other sections of the Code, tables set forth the rates for March 2008.

Rev. Rul. 2008–12, page 520. Application of section 163(d) to limited partners in a trader partnership. This ruling explains how section 163(d) of the Code applies to a noncorporate limited partner’s distributive share of the interest expense allocable to the partnership’s trade or business of trading securities, if the limited partner does not materially participate.

Rev. Rul. 2008–13, page 518. Performance-based compensation. This ruling holds that compensation paid to an executive is not qualified performance-based compensation for purposes of section 162(m) of the Code, even if the compensation is paid upon the attainment of the performance goal, if the plan agreement or contract provides for payment of compensation to an executive upon the attainment of a performance goal or for (1) termination without “cause” or for “good reason” or (2) voluntary retirement.

T.D. 9374, page 521. REG–147290–05, page 576. Final, temporary, and proposed regulations under section 468A of the Code provide guidance regarding contributions to qualified nuclear decommissioning trusts, including changes made to that section by the Energy Policy Act of 2005.

Finding Lists begin on page ii.