Announcement 2023-7, page 797.

This announcement informs Federal civilian employees and other civilians who are not employed by the Federal government who received certain payments in 2022 and 2023 from the Department of Defense (DOD) in reimbursement for lodging, meals, and personal property damage expenses after the release of petroleum from the Red Hill Bulk Fuel Storage Facility on O‘ahu, Hawaii (Red Hill Fuel Spill) that such payments are excludable from gross income

for Federal income tax purposes under § 139 of the Internal Revenue Code.

REG 109309-22, page 770. The proposed regulations identify transactions that are the same as, or substantially similar to, certain micro-captive transactions as listed transactions and certain other micro-captive transactions as transactions of interest for purposes of §1.6011-4 and sections 6111 and 61112, and provides guidance as to the reporting requirements for participants in and material advisors to the identified transactions.