Bulletin No. 2008-12 — Internal Revenue Bulletin 2008-12

cation while clarifying the meaning of the terms equivalent rating network, equivalent calculation procedure, and eligible contractor. The notice also clarifies the process for removing software from the list of approved software and provides for the extension of the tax credit through December 31, 2008. Notice 2006–27 clarified and superseded. Announcement 2006–88 clarified and superseded.

Notice 2008–36, page 650. This notice supersedes Notice 2006–28, 2006–1 C.B. 628, by substantially republishing the guidance contained in that publication while clarifying the meaning of the terms equivalent rating network, equivalent calculation procedure, and eligible contractor. The notice also clarifies the process for removing software from the list of approved software and provides for the extension of the tax credit through December 31, 2008. Notice 2006–28 clarified and superseded. Announcement 2006–88 clarified and superseded.

Rev. Proc. 2008–21, page 657. This procedure provides that the Service will not challenge the accuracy of 2007 returns filed in compliance with Notice 2008–28, 2008–10 I.R.B. 546, by eligible individuals who enter $1.00 in adjusted gross income on their 2007 return for the sole purpose of effectuating the electronic filing of their 2007 tax return.

Rev. Proc. 2008–22, page 658. Automobile owners and lessees. This procedure provides owners and lessees of passenger automobiles (including trucks and vans) with tables detailing the limitations on depreciation deductions for passenger automobiles first placed in service during calendar year 2008 and the amounts to be included in income for passenger automobiles first leased during calendar year 2008.

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Rev. Proc. 2008–23, page 664. This procedure provides an alternative dollar-value last-in, firstout (LIFO) pooling method, the Vehicle-Pool Method, for certain resellers of cars and light-duty trucks and provides procedures for obtaining automatic consent to change to that method. The procedure also provides the permissible method of pooling for crossover vehicles under the Alternative LIFO Method and the Used Vehicle Alternative LIFO Method for those resellers that do not choose to use the Vehicle-Pool Method. Rev. Procs. 97–36 and 2001–23 modified.