INCOME TAX—Cont.

Modified endowment contracts (MECs), closing agree ments (RP 39) 29, 143 Qualified additional benefits (QABs), closing agreement

(RP 38) 29, 139 Variable contracts, closing agreement (RP 41) 29, 155 Interest:

Characterization of management fees paid by an upper tier

investment partnership and lower tier trader partnerships (RR 39) 31, 252 Investment:

Federal short-term, mid-term, and long-term rates for:

July 2008 (RR 33) 27, 8 August 2008 (RR 43) 31, 258 Treatment of interest expense attributable to indebtedness al locable to property held for investment described in section 163(d)(5)(A)(ii): Investment interest deduction (RR 38) 31, 249 Trader partnership (Ann 65) 31, 279 Law school Loan Repayment Assistance Program (LRAP), ex clusion from gross income (RR 34) 28, 76 Liens, return of wrongfully levied property and discharge of

liens, special rules (TD 9410) 34, 414 Life insurance:

Premiums by S corporation, effect on accumulated adjust ments account (AAA) (RR 42) 30, 175 Statutory reserves, meaning for multi-state taxpayers (RR 37)

28, 77 Private foundations, organizations now classified as (Ann 70) 32,

318 Proposed Regulations:

26 CFR 1.41–6, –8, amended; 1.41–9, added; alternative simplified credit under section 41(c)(5) (REG–149405–07) 27, 73 26 CFR 1.179B–1, added; capital costs incurred to comply with EPA sulfur regulations (REG–143453–05) 32, 310 26 CFR 1.195–1, revised; 1.248–1, amended; 1.709–1, amended; elections regarding start-up expenditures, corporation organizational expenditures, and partnership organizational expenses (REG–164965–04) 34, 450 26 CFR 1.367(a)–2, –4, –5, added; 1.954–2(c), revised; 1.956–2(b), –2(e), revised, modifications to subpart F treatment of aircraft and vessel leasing income (REG–138355–07) 32, 311 26 CFR 1.401(a)(9)–1, –6, amended; 1.403(b)–6, amended; reasonable good faith interpretation of required minimum distribution rules by governmental plans (REG–142040–07) 34, 451 26 CFR 1.642(c)–3, amended; 1.643(a)–5, amended; guidance under sections 642 and 643 (income ordering rules) (REG–101258–08) 28, 111 ; correction (Ann 73) 33, 391 26 CFR 1.956–1, amended; guidance under section 956 for determining the basis of property acquired in certain nonrecognition transactions (REG–102122–08) 31, 278 26 CFR 1.6060–1, amended; 1.6107–1, revised; 1.6109–2, amended; 1.6694–0, –1, –2, revised; 1.6694–3, –4, amended; 1.6695–1, revised; 1.6695–2, amended;

August 25, 2008 vi 2008–34 I.R.B.