Bulletin No. 2008-17 April 28, 2008

Notice 2008–45, page 835. Weighted average interest rate update; corporate bond indices; 30-year Treasury securities; segment rates. This notice contains updates for the corporate bond weighted average interest rate for plan years beginning in April 2008; the 24-month average segment rates; the funding transitional segment rates applicable for April 2008; and the minimum present value transitional rates for March 2008.

EXEMPT ORGANIZATIONS

Announcement 2008–37, page 850. A list is provided of organizations now classified as private foundations.

ADMINISTRATIVE

T.D. 9388, page 832. REG–143468–07, page 848. Final, temporary, and proposed regulations under section 7701 of the Code add an entity to the list of foreign business entities that are always classified as corporations. This entity is not eligible to check the box to change its classification.

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Announcement 2008–34, page 849. This document provides notice of a public hearing on proposed regulations (REG–133300–07, 2007–49 I.R.B. 1140) under sections 401(k), 401(m), 402(c), 411(a), 414(w), and 4979(f) of the Code relating to automatic contribution arrangements. The regulations will affect administrators of, employers maintaining, participants in, and beneficiaries of eligible plans that include an automatic contribution arrangement under sections 401(k)(13), 401(m)(12), or 414(w). A public hearing is scheduled for May 19, 2008.

Announcement 2008–35, page 849. This document contains a correction to final regulations (T.D. 9386, 2008–16 I.R.B. 788) concerning the availability and character of a loss deduction under section 165 of the Code for losses sustained from abandoned stock or other securities.

Announcement 2008–38, page 851. This document contains a correction to final regulations (T.D. 8697, 1997–1 C.B. 215) that classify certain business organizations under an elective regime.

April 28, 2008 2008–17 I.R.B.