Internal Revenue Bulletin 2008-49 (PDF rendition): IRS Revenue Rulings

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Bulletin No. 200
8-49
December 8, 2008
HIGHLIGHTS
OF THIS ISSUE
These synopses are intended only as aids to the reader in
identifying the subject matter covered. They may not be
relied upon as authoritative interpretations.
INCOME TAX
Rev. Rul. 2008–52, page 1233.
Section 1274A – Inflation adjusted numbers for 2009.
This ruling provides the dollar amounts, increased by the 2009
inflation adjustment, for section 1274A of the Code. Rev. Rul.
2008–3 supplemented and superseded.
Rev. Rul. 2008–53, page 1231.
Federal rates; adjusted federal rates; adjusted federal
long-termrateandthelong-termexemptrate.For pur-
poses of sections 382, 642, 1274, 1288, and other sections
of the Code, tables set forth the rates for December 2008.
T.D. 9431, page 1235.
Final regulations under section 6039I of the Code implement
the authority given the Secretary to require information report-
ing on employer-owned life insurance contracts.
Notice 2008–106, page 1239.
This notice informs taxpayers that the new 9 percent applicable
percentage floor for certain buildings that are placed in service
after July 30, 2008 and before December 31, 2013, enacted
pursuant to section 3002(a)(1) of the Housing Assistance Tax
Act of 2008, applies notwithstanding a pre-Act irrevocable elec-
tion by the taxpayer to apply to these buildings an applicable
percentage that is less than 9 percent.
ADMINISTRATIVE
T.D. 9432, page 1236.
Final regulations under section 9037 of the Code change Trea-
sury procedures for making payments from the Presidential Pri-
mary Matching Payment Account.
Rev. Proc. 2008–70, page 1240.
Insurance companies; loss reserves; discounting unpaid
losses.The loss payment patterns and discount factors are
set forth for the 2008 accident year. These factors will be
used for computing discount unpaid losses under section 846
of the Code. This procedure also corrects the discount fac-
tors for the Composite and International (Composite) lines of
business for the 2006 and 2007 accident years in Rev. Proc.
2007–9, 2007–1 C.B. 278, and Rev. Proc. 2008–10, 2008–3
I.R.B. 290, for taxpayers that use the composite method of
Notice 88–100, 1988–2 C.B. 439. Rev. Procs. 2007–9 and
2008–10 modified.
Rev. Proc. 2008–71, page 1251.
Insurance companies; discounting estimated salvage re-
coverable.The salvage discount factors are set forth for the
2008 accident year. These factors will be used for computing
estimated salvage recoverable under section 832 of the Code.
Announcement 2008–117, page 1258.
This document provides notice of a public hearing on proposed
regulations (REG–155087–05, 2008–38 I.R.B. 726) relating to
credits and payments for alcohol mixtures, biodiesel mixtures,
renewable diesel mixtures, alternative fuel mixtures, and alter-
native fuel sold for use or used as a fuel, as well as proposed
regulations relating to the definition of gasoline and diesel fuel.
The public hearing is scheduled for February 9, 2009.
Announcements of Disbarments and Suspensions begin on page 1258.
Finding Lists begin on page ii.

The IRS Mission
Provide Americ
a’s taxpayers top quality service by helping them
understand an
d meet their tax responsibilities and by applying
the tax law with
integrity and fairness to all.
Introduction
The Internal Revenue Bulletin is the authoritative instrument of
the Commissioner of Internal Revenue for announcing official
rulings and procedures of the Internal Revenue Service and for
publishing Treasury Decisions, Executive Orders, Tax Conven-
tions, legislation, court decisions, and other items of general
interest. It is published weekly and may be obtained from the
Superintendent of Documents on a subscription basis. Bulletin
contents are compiled semiannually into Cumulative Bulletins,
which are sold on a single-copy basis.
It is the policy of the Service to publish in the Bulletin all sub-
stantive rulings necessary to promote a uniform application of
the tax laws, including all rulings that supersede, revoke, mod-
ify, or amend any of those previously published in the Bulletin.
All published rulings apply retroactively unless otherwise indi-
cated. Procedures relating solely to matters of internal man-
agement are not published; however, statements of internal
practices and procedures that affect the rights and duties of
taxpayers are published.
Revenue rulings represent the conclusions of the Service on the
application of the law to the pivotal facts stated in the revenue
ruling. In those based on positions taken in rulings to taxpayers
or technical advice to Service field offices, identifying details
and information of a confidential nature are deleted to prevent
unwarranted invasions of privacy and to comply with statutory
requirements.
Rulings and procedures reported in the Bulletin do not have the
force and effect of Treasury Department Regulations, but they
may be used as precedents. Unpublished rulings will not be
relied on, used, or cited as precedents by Service personnel in
the disposition of other cases. In applying published rulings and
procedures, the effect of subsequent legislation, regulations,
court decisions, rulings, and procedures must be considered,
and Service personnel and others concerned are cautioned
against reaching the same conclusions in other cases unless
the facts and circumstances are substantially the same.
The Bulletin is divided into four parts as follows:
Part I.—19
86 Code.
This part i
ncludes rulings and decisions based on provisions of
the Intern
al Revenue Code of 1986.
Part II.—Treaties and Tax Legislation.
This part is divided into two subparts as follows: Subpart A,
Tax Conventions and Other Related Items, and Subpart B, Leg-
islation and Related Committee Reports.
Part III.—Administrative, Procedural, and Miscellaneous.
To the extent practicable, pertinent cross references to these
subjects are contained in the other Parts and Subparts. Also
included in this part are Bank Secrecy Act Administrative Rul-
ings. Bank Secrecy Act Administrative Rulings are issued by
the Department of the Treasury’s Office of the Assistant Secre-
tary (Enforcement).
Part IV
.—Items of General Interest.
This par
t includes notices of proposed rulemakings, disbar-
ment an
d suspension lists, and announcements.
The last Bulletin for each month includes a cumulative index
for the matters published during the preceding months. These
monthly indexes are cumulated on a semiannual basis, and are
published in the last Bulletin of each semiannual period.
The c
ontents of this publication are not copyrighted and may be reprinted freely. A citation of the Internal Revenue Bulletin as the source would be appropriate.
For sale by the Superintendent of Documents, U.S.Government Printing Office, Washington, DC 20402.
December 8, 20082008–49 I.R.B.

Part I. Rulings
and Decisions Under the Internal Revenue Code
of 1986
Section 42.—L
ow-Income
Housing Credi
t
The adjusted a
pplicable federal short-term, mid-
term, and long
-term rates are set forth for the month
of December 20
08. See Rev. Rul. 2008-53, page
1231.
Section 280G.—Golden
Parachute Payments
Federal short-term, mid-term, and long-term rates
are set forth for the month of December 2008. See
Rev. Rul. 2008-53, page 1231.
Section 382.—Limitation
on Net Operating Loss
Carryforwards and Certain
Built-In Losses Following
Ownership Change
The adjusted applicable federal long-term rate is
set forth for the month of December 2008. See Rev.
Rul. 2008-53, page 1231.
Section 412.—Minimum
Funding Standards
The adjusted applicable federal short-term, mid-
term, and long-term rates are set forth for the month
of December 2008. See Rev. Rul. 2008-53, page
1231.
Section 467.—Certain
Payments for the Use of
Property or Services
The adjusted applicable federal short-term, mid-
term, and long-term rates are set forth for the month
of December 2008. See Rev. Rul. 2008-53, page
1231.
Section 468.—Special
Rules for Mining and Solid
Waste Reclamation and
Closing Costs
The adjusted applicable federal short-term, mid-
term, and long-term rates are set forth for the month
of December 2008. See Rev. Rul. 2008-53, page
1231.
Section 482.—
Allocation
of Income and D
eductions
Among Taxpaye
rs
Federal short
-term, mid-term, and long-term rates
are set forth f
or the month of December 2008. See
Rev. Rul. 200
8-53, page 1231.
Section 483.—Interest on
Certain Deferred Payments
A ruling provides the dollar amounts, increased by
the 2009 inflation adjustment, for section 1274A of
the Code. See Rev. Rul. 2008-52, page 1233.
The adjusted applicable federal short-term, mid-
term, and long-term rates are set forth for the month
of December 2008. See Rev. Rul. 2008-53, page
1231.
Section 642.—Special
Rules for Credits and
Deductions
Federal short-term, mid-term, and long-term rates
are set forth for the month of December 2008. See
Rev. Rul. 2008-53, page 1231.
Section 807.—Rules for
Certain Reserves
The adjusted applicable federal short-term, mid-
term, and long-term rates are set forth for the month
of December 2008. See Rev. Rul. 2008-53, page
1231.
Section 832.—Insurance
Company Taxable Income
26 CFR 1.832–4: Gross income.
The salvage discount factors are set forth for 2008.
These factors must be used to compute discounted
estimated salvage recoverable for purposes of section
832 of the Code. See Rev. Proc. 2008-71, page 1251.
Section 846.—Discounted
Unpaid Losses Defined
The adjusted applicable federal short-term, mid-
term, and long-term rates are set forth for the month
of December 2008. See Rev. Rul. 2008-53, page
1231.
26 CFR 1.846–1
: Application of discount factors.
The loss payme
nt patterns and discount fac-
tors are set fo
rth for the 2008 accident year.
These factors
will be used for computing dis-
counted unpai
d losses under section 846 of the
Code. See Rev
. Proc. 2008-70, page 1240.
26 CFR 1.846–1: Application of discount factors.
The salvage discount factors are set forth for 2008.
These factors must be used to compute discounted
estimated salvage recoverable for purposes of section
832 of the Code. See Rev. Proc. 2008-71, page 1251.
Section 1274.—Determi-
nation of Issue Price in the
Case of Certain Debt Instru-
ments Issued for Property
A ruling provides the dollar amounts, increased by
the 2009 inflation adjustment, for section 1274A of
the Code. See Rev. Rul. 2008-52, page 1233.
(Also Sectio
ns 42, 280G, 382, 412, 467, 468, 482,
483, 642, 807
, 846, 1288, 7520, 7872.)
Federal rat
es; adjusted federal rates;
adjusted fe
deral long-term rate and the
long-term e
xempt rate.For purposes of
sections 38
2, 642, 1274, 1288, and other
sections of
the Code, tables set forth the
rates for D
ecember 2008.
Rev. Rul. 2
008–53
This reven
ue ruling provides various
prescribe
d rates for federal income tax
purposes f
or December 2008 (the current
month). T
able 1 contains the short-term,
mid-term
, and long-term applicable fed-
eral rate
s (AFR) for the current month
for purpo
ses of section 1274(d) of the
Internal
Revenue Code. Table 2 contains
the short
-term, mid-term, and long-term
adjuste
d applicable federal rates (adjusted
AFR) for
the current month for purposes
of secti
on 1288(b). Table 3 sets forth the
adjuste
d federal long-term rate and the
long-te
rm tax-exempt rate described in
sectio
n 382(f). Table 4 contains the ap-
propri
ate percentages for determining the
low-in
come housing credit described in
sectio
n 42(b)(1) for buildings placed in
2008–49 I.R.B.1231December 8, 2008

service during the current month. How-
ever, under section 42(b)(2), the applicable
percentage for non-federally subsidized
new buildings placed in service after July
30, 2008, and before December 31, 2013,
shall not be less than 9%. Table 5 contains
the federal rate for determining the present
value of an annuity, an interest for life or
for a term of years, or a remainder or a re-
versionary interest for purposes of section
7520. Finally, Table 6 contains the 2009
interest rate for sections 846 and 807.
REV. RUL. 2008–53 TABLE 1
Applicable Federal Rates (AFR) for December 2008
Period for Compounding
AnnualSemiannualQuarterlyMonthly
Short-term
AFR1.36%1.36%1.36%1.36%
110% AFR
1.51%1.50%1.50%1.50%
120% AFR1.64%1.63%1.63%1.62%
130% AFR1.78%1.77%1.77%1.76%
Mid-term
AFR
2.85%
2.83%2.82%2.81%
110% AFR3.13%3.11%3.10%3.09%
120% AFR3.43%3.40%3.39%3.38%
130% AFR3.71%3.68%3.66%
3.65%
150% AFR
4.30%
4.25%
4.23%4.21%
175% AFR5.01%4.95%
4.92%4.90%
Long-term
AFR
4.45%
4.40%4.38%4.36%
110% AFR4.90%4.84%4.81%4.79%
120% AFR
5.35%5.28%5.25%5.22%
130% AFR
5.80%5.72%5.68%5.65%
REV. RUL. 2008–53 TABLE 2
Adjusted
AFR for December 2008
Period for Compounding
AnnualSemiannualQuarterlyMonthly
Short-term adjusted
AFR
2.20%2.19%2.18%2.18%
Mid-term adjusted AFR3.82%3.78%3.76%
3.75%
Long-term adjusted
AFR
5.40%5.33%5.29%5.27%
REV. RUL. 2008–53 TABLE 3
Rates Under Section 382 for December 2008
Adjusted federal long-term rate for the current month
5.40%
Long-t
erm tax-exempt rate for ownership changes during the current month (the highest of the adjusted
federa
l long-term rates for the current month and the prior two months.)
5.40%
December 8, 200812322008–49 I.R.B.

REV. RUL. 2008–53 TABLE 4
Appropriate Percentages Under Section 42(b)(1) for December 2008
Note: Under Section 42(b)(2), the applicable percentage for non-federally subsidized new buildings placed in service after July
30, 2008, and before December 31, 2013, shall not be less than 9%.
Appropriate percentage for the 70% present value low-income housing credit7.84%
Appropriate percentage for the 30% present value low-income housing credit3.36%
REV. RUL. 2008–53 TABLE 5
Rate Under Sec
tion 7520 for December 2008
Applicable federal rate for determining the present value of an annuity, an interest for life or a term of years,
or a remainder or reversionary interest3.4%
REV. RUL. 2008–53 TABLE 6
Rates Under Sections 846 and 807
Applicable rate of interest for 2009 for purposes of sections 846 and 8074.06%
Section 1274A
.—Special
Rules for Certain
Transactions Where Stated
Principal Amount Does Not
Exceed $2,800,000
26 CFR 1.1274A–1: Special rules for certain trans-
actions where stated principal amount does not ex-
ceed $2,800,000.
(Also§§483,1274.)
Section 1274A – Inflation adjusted
numbers for 2009.This ruling provides
the dollar amounts, increased by the 2009
inflation adjustment, for section 1274A of
the Code. Rev. Rul. 2008–3 supple-
mented and superseded.
Rev. Rul. 2008–52
This revenue ruling provides the dollar
amounts, increased by the 2009 inflation
adjustment, for § 1274A of the Internal
Revenue Code.
BACKGROUND
In general, §§ 483 and 1274 determine
the principal amount of a debt instrument
given in consideration for the sale or ex-
change of nonpublicly traded property. In
addition, any interest on a debt instrument
subject to § 1274 is taken into account un-
der the original issue discount provisions
of the Code. Section 1274A, however,
modifies the rules under §§ 483 and 1274
for certain types of debt instruments.
In the case of a “qualified debt instru-
ment,” the discount rate used for purposes
of §§ 483 and 1274 may not exceed 9 per-
cent, compounded semiannually. Section
1274A(b) defines a qualified debt instru-
ment as any debt instrument given in con-
sideration for the sale or exchange of prop-
erty (other than new § 38 property within
the meaning of § 48(b), as in effect on the
day before the date of enactment of the
Revenue Reconciliation Act of 1990) if the
stated principal amount of the instrument
does not exceed the amount specified in
§ 1274A(b). For debt instruments arising
out of sales or exchanges before January 1,
1990, this amount is $2,800,000.
In the case of a “cash method debt in-
strument,” as defined in § 1274A(c), the
borrower and lender may elect to use the
cash receipts and disbursements method
of accounting. In particular, for any cash
method debt instrument, § 1274 does not
apply, and interest on the instrument is ac-
counted for by both the borrower and the
lender under the cash method of account-
ing. A cash method debt instrument is
a qualified debt instrument that meets the
following additional requirements: (A) In
the case of instruments arising out of sales
or exchanges before January 1, 1990, the
stated principal amount does not exceed
$2,000,000; (B) the lender does not use an
accrual method of accounting and is not a
dealer with respect tothe property sold or
exchanged; (C) § 1274 would have applied
to the debt instrument but for an election
under § 1274A(c); and (D) an election un-
der § 1274A(c) is jointly made with respect
to the debt instrument by the borrower and
lender. Section 1.1274A–1(c)(1) of the In-
come Tax Regulations provides rules con-
cerning the time for, and manner of, mak-
ing this election.
Section 1274A(d)(2) provides that, for
any debt instrument arising out of a sale
or exchange during any calendar year
after 1989, the dollar amounts stated in
§ 1274A(b) and § 1274A(c)(2)(A) are
increased by the inflation adjustment for
the calendar year. Any increase due to
the inflation adjustment is rounded to the
nearest multiple of $100 (or, if the increase
is a multiple of $50 and not of $100, the
increase is increased to the nearest mul-
tiple of $100). The inflation adjustment
for any calendar year is the percentage (if
any) by which the CPI for the preceding
calendar year exceeds the CPI for calendar
year 1988. Section 1274A(d)(2)(B) de-
fines the CPI for any calendar year as the
average of the Consumer Price Index as of
the close of the 12-month period ending
on September 30 of that calendar year.
2008–49 I.R.B.1233December 8, 2008

INFLATION-ADJUSTED AMOUNTS
UNDER § 1274A
For debt instruments arising out of sales
or exchanges after December 31, 1989, the
inflation-adjusted amounts under § 1274A
areshowninTable1.
Rev. Rul. 2008–52 Table 1
Inflation-Adjusted Amounts Under § 1274A
Calendar Year
of Sale
or Exchange
1274A(b) Amount
(qualified debt
instrument)
1274A(c)(2)(A) Amount
(cash method debt
instrument)
1990
$2,933,200$2,095,100
1991
$3,079,600$2,199,700
1992
$3,234,900$2,310,600
1993
$3,332,400$2,380,300
1994
$3,433,500$2,452,500
1995
$3,523,600$2,516,900
1996
$3,622,500$2,587,500
1997
$3,723,800$2,659,900
1998
$3,823,100$2,730,800
1999
$3,885,50
0
$2,775,40
0
2000
$3,960,100$2,828,700
2001
$4,085,900$2,918,500
2002
$4,217,500$3,012,500
2003
$4,280,800$3,057,700
2004
$4,381,300$3,129,500
2005
$4,483,
000
$3,202,
100
2006
$4,630,300$3,307,400
2007
$4,800,800$3,429,100
2008
$4,913,400$3,509,600
2009
$5,131,700$3,665,500
Note: These inflation adjustments were computed using the All-Urban, Consumer Price Index, 1982–1984 base, published
by the Bureau of Labor Statistics.
EFFECT ON OTHER DOCUMENTS
Rev. Rul. 2008–3, 2008–2 I.R.B. 249,
is supplemented and superseded.
DRAFT
ING INFORMATION
The author of this revenue ruling is
Andrea M. Hoffenson of the Office of
the Associate Chief Counsel (Financial
Institutions and Products). For further
information regarding this revenue ruling,
please contact Ms. Hoffenson at (202)
622–3930 (not a toll-free call).
Section 1288.—Treatment
of Original Issue Discount
on Tax-Exempt Obligations
The adjusted applicable federal short-term, mid-
term, and long-term rates are set forth for the month
of December 2008. See Rev. Rul. 2008-53, page
1231.
December 8, 200812342008–49 I.R.B.

Section 6039I.—Returns
and Records With Respect
to Employer-Owned Life
Insurance Contracts
26 CFR 1.6039I–1: Reporting of certain employer-
owned life insurance contracts.
T.D. 9431
DEPARTMENT OF THE
TREASURY
Internal Revenue Service
26 CFR Part 1
Information Reporting
on Employer-Owned Life
Insurance Contracts
AGENCY: Internal Revenue Service
(IRS), Treasury.
ACTION: Final regulations and removal
of temporary regulations.
SUMMARY: This document contains fi-
nal regulations concerning information re-
porting on employer-owned life insurance
contracts under section 6039I of the Inter-
nal Revenue Code (Code). This final reg-
ulation is necessary to provide taxpayers
with guidance as to how the requirements
of section 6039I should be applied. These
regulations generally apply to taxpayers
that are engaged in a trade or business and
that are directly or indirectly a beneficiary
of a life insurance contract covering the
life of an insured who is an employee of
the trade or business on the date the con-
tract is issued.
DATES:Effective Date:These regulations
are effective on November 6, 2008.
Applicability Date:These regulations
are applicable for tax years ending after
November 6, 2008.
FOR FURTHER INFORMATION
CONTACT:LindaK.Boyd,
202–622–3970 (not a toll-free number).
SUPPLEMENTARY INFORMATION:
Background and Explanation of
Provisions
The Pension Protection Act of 2006,
Public Law 109–280, 120 Stat. 780
(2006), added sections 101(j) and 6039I to
the Code concerning employer-owned life
insurance contracts.
Section 101(j)(1) provides that, in the
case of an employer-owned life insurance
contract, the amount of death benefits
excluded from gross income under sec-
tion 101(a)(1) shall not exceed an amount
equal to the sum of the premiums and
other amounts paid by the policyholder
for the contract. For this purpose, an em-
ployer-owned life insurance contract is a
life insurance contract that (i) is owned by
a person engaged in a trade or business
and under which such person is directly or
indirectly a beneficiary under the contract,
and (ii) covers the life of an insured who
is an employee with respect to the trade or
business on the date thecontract is issued.
An applicable policyholder is generally a
person who owns an employer-owned life
insurance contract, or a related person as
described in section 101(j)(3).
Section 101(j)(2) provides exceptions
to the general rule of section 101(j)(1) in
the case of certain employer-owned life
insurance contracts with respect to which
certain notice and consent requirements
are met. Those exceptions are based either
on (i) the insured’s status as an employee
within 12 months of death or as a highly
compensated employee or highly compen-
sated individual, or (ii) the extent to which
death benefits are paid to a family member,
trust, or estate of the insured employee, or
are used to purchase an equity interest in
the applicable policyholder from a family
member, trust or estate.
Section 6039I provides that every appli-
cable policyholder that owns one or more
employer-owned life insurance contracts
shall file a return, at such time and in such
manner as the Secretary shall prescribe by
regulations, showingfor each year the con-
tracts are owned—
(1) The number of employees of the
applicable policyholder at the end of the
year;
(2) The number of such employees in-
sured under such contracts at the end of the
year;
(3) The total amount of insurance in
force at the end of the year under such
contracts;
(4) The name, address, and taxpayer
identification number of the applicable
policyholder and the type of business in
which the policyholder is engaged; and
(5) That the policyholder has a valid
consent for each insured employee (or,
if not all such consents are obtained, the
number of insured employees for whom
such consent was not obtained).
Section 6039I(c) provides that any term
used in section 6039I that is used in section
101(j) has the same meaning given that
term by section 101(j).
Sections 101(j) and 6039I apply to life
insurance contracts issued after August 17,
2006, except for a contract issued after that
date pursuant to a section 1035 exchange
for a contract issued before that date. For
this purpose, a material increase in the
death benefit or other material change
causes the contract to be treated as a new
contract except that, in the case of a mas-
ter contract within the meaning of section
264(f)(4)(E), the addition of covered lives
is treated as a new contract only with re-
spect to those additional covered lives.
On November 13, 2007, the IRS pub-
lished temporary regulations in theFed-
eral Register(T.D. 9364, 2007–51 I.R.B.
1177 [72 FR 63806]), which serve as
the basis for a cross-reference notice of
proposed rulemaking (REG–115910–07,
2007–51 I.R.B. 1214 [72 FR 63838]).
The temporary regulations and notice
of proposed rulemaking provide that the
Commissioner may prescribe the form
and manner of satisfying the reporting
requirements imposed by section 6039I
on applicable policyholders owning one
or more employer-owned life insurance
contracts issued after August 17, 2006.
Pursuant to these regulations, on January
24, 2008, the IRS released Form 8925,
“Report of Employer-Owned Life Insur-
ance Contracts”, for taxpayers to use to
comply with the reporting requirements of
section 6039I.
No public hearing was requested or
held. The IRS received comments from
one taxpayer. Those comments primarily
concern the notice and consent require-
ments of section 101(j), rather than the
reporting requirements of section 6039I.
Accordingly, this Treasury decision adopts
the proposed regulations without substan-
tive change and removes the correspond-
ing temporary regulations. In order to
make the regulations more useful to tax-
payers, this Treasury decision sets forth the
2008–49 I.R.B.1235December 8, 2008

information that is enumerated in section
6039I and required to be reported under
that provision. The IRS and Treasury De-
partments will continue to consider the
comments received in connection with any
future published guidance under section
101(j).
Special Analyses
It has been determined that this Trea-
sury Decision is not asignificant regula-
tory action as defined in Executive Order
12866. Therefore, a regulatory assessment
is not required. It has also been determined
that section 553(b) of the Administrative
Procedure Act (5 U.S.C. chapter 5) does
not apply to this regulation.
In accordance with the Regulatory
Flexibility Act (5 U.S.C. chapter 6), it is
hereby certified that the regulations will
not have a significant economic impact
on a substantial number of small entities.
Even though a substantial number of small
entities may be subject to the requirements
of section 6039I, these final regulations
do not require the reporting of informa-
tion other than that which is specifically
required by section 6039I. Further, the
burden associated with completing the
prescribed form is minimal because the
informationrequiredbysection6039Iis
readily available. Accordingly, the regula-
tions will not have a significant economic
impact on a substantial number of small
entities and a regulatory flexibility analy-
sis is not required.
Pursuant to section 7805(f) of the Inter-
nal Revenue Code, the notice of proposed
rulemaking preceding this regulation was
submitted to the Chief Counsel for Advo-
cacy of the Small Business Administration
for comment on its impact on small busi-
ness.
Drafting Information
The principal author of these regula-
tions is Linda K. Boyd, Office of Asso-
ciate Chief Counsel (Financial Institutions
& Products). However, other personnel
from the IRS and Treasury Department
participated in their development.
*****
Adoption of Amendments to the
Regulations
Accordingly, 26 CFR part 1 is amended
as follows:
PART 1—INCOME TAXES
Paragraph 1. The authority citation for
part 1 is amended by removing the entry
for §1.6039I–1T, and adding an entry in
numerical order to read in part as follows:
Authority: 26 U.S.C. 7805 * * *
Section 1.6039I–1 also issued under
26 U.S.C. 6039I. * * *
Par. 2. Section 1.6039I–1 is added to
read as follows:
§1.6039I–1 Reporting of certain
employer-owned life insurance contracts.
(a)Requirement to report. Section
6039I requires every taxpayer that is an ap-
plicable policyholder owning one or more
employer-owned life insurance contracts
issued after August 17, 2006, to file a
return showing the following information
for each year the contracts are owned—
(1) The number of employees of the
applicable policyholder at the end of the
year;
(2) The number of such employees in-
sured under such contracts at the end of the
year;
(3) The total amount of insurance in
force at the end of the year under such
contracts;
(4) The name, address, and taxpayer
identification number of the applicable
policyholder and the type of business in
which the policyholder is engaged; and
(5) That the applicable policyholder has
a valid consent for each insured employee
(or, if all such consents are not obtained,
the number of insured employees for
whom such consent was not obtained).
(b)Time and manner of reporting.
Applicable policyholders owning one or
more employer-owned life insurance con-
tracts issued after August 17, 2006, must
provide the information required under
§6039I by attaching Form 8925, “Report
of Employer-Owned Life Insurance Con-
tracts”, to the policyholder’s income tax
return by the due date of that return, or by
filing such other form at such time and in
such manner as the Commissioner may in
thefutureprescribe.
(c)Effective/applicability date.These
regulations are applicable for tax years
ending after November 6, 2008.
§1.6039I–1T [Removed]
Par. 3. Section 1.6039I–1T is removed.
LindaE.Stiff,
Deputy Commissioner for
Services and Enforcement.
Approved October 16, 2008.
Eric Solomon,
Assistant Secretary of
theTreasury(TaxPolicy).
(Filed by the Office of the Federal Register on November 5,
2008, 8:45 a.m., and published in the issue of the Federal
Register for November 6, 2008, 73 F.R. 65981)
Section 7520.—Valuation
Tables
The adjusted applicable federal short-term, mid-
term, and long-term rates are set forth for the month
of December 2008. See Rev. Rul. 2008-53, page
1231.
Section 7872.—Treatment
of Loans With Below-Market
Interest Rates
The adjusted applicable federal short-term, mid-
term, and long-term rates are set forth for the month
of December 2008. See Rev. Rul. 2008-53, page
1231.
Section 9037.—Payments
to Eligible Candidates
26 CFR 702.9037–2: Payments from the Presidential
Primary Matching Payment Account.
T.D. 9432
DEPARTMENT OF THE
TREASURY
Internal Revenue Service
26 CFR Part 702
Payments From the
Presidential Primary Matching
Payment Account
AGENCY: Internal Revenue Service
(IRS), Treasury.
December 8, 200812362008–49 I.R.B.

ACTION: Final regulations and removal
of temporary regulations.
SUMMARY: This document contains fi-
nal regulations under section 9037 of the
Internal Revenue Code (Code) relating to
the financing of presidential primary cam-
paigns. The regulations relate to Treasury
procedures for making payments from the
Presidential Primary Matching Payment
Account (Primary Account) to eligible pri-
mary candidates. These regulations affect
all candidates eligible to receive payments
from the Primary Account.
DATES:Effective Date:These regulations
are effective on November 13, 2008.
Applicability Date:For dates of ap-
plicability, see §§702.9037–1(b) and
702.9037–2(c).
FOR FURTHER INFORMATION
CONTACT: Karla M. Meola, (202)
622–4930 (not a toll-free number).
SUPPLEMENTARY INFORMATION:
Background
This document contains amendments
to 26 CFR part 702 under section 9037
of the Code. On February 14, 2008,
the IRS published temporary regulations
(T.D. 9382, 2008–9 I.R.B. 482) in the
Federal Register(73 FR 8608). On the
same date, the IRS published a notice of
proposed rulemaking (REG–149475–07,
2008–9 I.R.B. 510) in theFederal Reg-
ister(73 FR 8632) cross-referencing the
temporary regulations.
The notice of proposed rulemaking pro-
vided that, pursuant to section 9036, the
Federal Election Commission (Commis-
sion) will certify to the Treasury Secretary
the full amount of payments to which a
candidate is entitledunder section 9034.
The Treasury Secretary will pay promptly,
but not before the start of a Presidential
election year, the amounts certified by the
Commission from the Primary Account to
the candidate. The notice of proposed
rulemaking also authorized the Treasury
Secretary to provide guidance prescribing
rules and procedures for the Primary Ac-
count. Contemporaneously with the pub-
lication of the notice of proposed rule-
making, the IRS published Rev. Proc.
2008–15, 2008–9 I.R.B. 489, which re-
vises the procedures for making prompt
payment from the Primary Account to eli-
gible primary candidates.
The notice of proposed rulemaking in-
vited comments and requests for a public
hearing, but no comments were received
and no public hearing was requested or
held. Accordingly, this Treasury decision
adopts the proposed regulations without
modification as final regulations.
Special Analyses
It has been determined that this Trea-
sury decision is not a significant regula-
tory action as defined in Executive Order
12866. Therefore, a regulatory assessment
is not required. It has also been determined
that section 553(b) of the Administrative
Procedure Act (5 U.S.C. chapter 5) does
not apply to these regulations, and because
the regulation does not impose a collection
of information on small entities, the Regu-
latory Flexibility Act (5 U.S.C. chapter 6)
does not apply. Pursuant to section 7805(f)
of the Code, this regulation has been sub-
mitted to the Chief Counsel for Advocacy
of the Small Business Administration for
comment on its impact on small business.
Drafting Information
The principal author of these regula-
tions is Karla M. Meola of the Office of
Associate Chief Counsel (Income Tax &
Accounting). However, other personnel
from the IRS and Treasury Department
participated in their development.
*****
Adoption of Amendments to the
Regulations
Accordingly, 26 CFR part 702 is
amended as follows:
PART 702—PRESIDENTIAL PRIMARY
MATCHING PAYMENT ACCOUNT
Paragraph 1. The authority citation for
part 702 continues to read in part as fol-
lows:
Authority: 26 U.S.C. 7805 * * *
Par. 2. Section 702.9037–1T is re-
moved.
§702.9037–1T [Removed].
Par. 3. Revise §702.9037–1 to read as
follows:
§702.9037–1 Transfer of amounts to the
Presidential Primary Matching Payment
Account.
(a)In general. The Secretary will
deposit amounts into the Presidential
Primary Matching Payment Account (Pri-
mary Account) only to the extent that there
are amounts in the Presidential Election
Campaign Fund (Fund) after the trans-
fers prescribed by §701.9006–1(c) and
(d). The Secretary will make this deposit
promptly from amounts that have actu-
ally been transferred to the Fund under
§701.9006–1(a). Any amounts in the Pri-
mary Account after October 31 following
a presidential election will be returned to
the Fund for the purpose of making the
transfers prescribed by §701.9006–1(c),
(d), and (f) for the next presidential elec-
tion.
(b)Effective/applicability date.These
regulations apply to the Primary Account
on or after February 2, 1996.
Par. 4. Section 702.9037–2T is re-
moved.
§702.9037–2T [Removed].
Par. 5. Revise §702.9037–2 to read as
follows:
§702.9037–2 Payments from the
Presidential Primary Matching Payment
Account.
(a)In general. Pursuant to section
9036, the Federal Election Commission
(Commission) will certify to the Secretary
the full amount of payment to which a
candidate is entitled under section 9034.
The Secretary will pay promptly, but not
before the start of the matching payment
period under section 9032(6), the amounts
certified by the Commission from the
Presidential Primary Matching Payment
Account (Primary Account) to the candi-
date.
(b)Additional guidance.TheInter-
nal Revenue Service may publish guid-
ance in the Internal Revenue Bulletin (see
§601.601(d)(2)(ii)(b) of this chapter) pre-
scribing additional rules and procedures
for the Primary Account.
(c)Effective/applicability date.These
regulations apply to the Primary Account
on or after February 2, 1996.
2008–49 I.R.B.1237December 8, 2008

Linda E. Stiff,
Deputy Commissioner for
Services and Enforcement.
Approved October 28, 2008.
Eric Solomon,
Assistant Secretary of
the Treasury (Tax Policy).
(Filed by the Office of the Federal Register on November 12,
2008, 8:45 a.m., and published in the issue of the Federal
Register for November 13, 2008, 73 F.R. 67103)
December 8, 200812382008–49 I.R.B.

Part III. Administrative, Procedural, and Miscellaneous
Applicable Percentage Under
Section 3002(A)(1) of the
Housing Assistance Tax Act of
2008
Notice 2008–106
Purpose
This notice clarifies that the 9 percent
applicable percentage floor for non-Fed-
erally subsidized new buildings that are
placed in service after July 30, 2008, and
before December 31, 2013, enacted pur-
suant to section 3002 of the Housing Assis-
tance Tax Act of 2008 (Pub. L. 110–289)
(Act), applies notwithstanding an irrevoca-
ble election by the taxpayer under former
§ 42(b)(2)(A)(ii) of the Internal Revenue
Code (now § 42(b)(1)[(A)](ii) of the Code,
as amended by the Act) made on or before
July 30, 2008.
Background
Section 42(a) of the Code provides that
for purposes of § 38, the amount of the
low-income housing credit for any taxable
year in the credit period shall be an amount
equal to (1) the applicable percentage of
(2) the qualified basis of each qualified
low-income building.
Section 42(b)(1) of the Code, as
amended by the Act, provides, in part, that
the term “applicable percentage” means,
with respect to any building, the appropri-
ate percentage prescribed by the Secretary
for the earlier of (i) the month in which
such building is placed in service, or (ii)
at the election of the taxpayer the month
in which the taxpayer and the housing
credit agency enter into an agreement with
respect to such building (which is bind-
ingonsuchagency,thetaxpayer,andall
successors in interest) as to the housing
credit dollar amount to be allocated to
such building. A month may be elected by
the taxpayer only if the election is made
not later than the 5
th
day after the close
of such month. Such an election, once
made, shall be irrevocable. Guidance on
the election of the appropriate percentage
month can be found under § 1.42–8 of the
Income Tax Regulations.
Section 42(b)(1)(B) of the Code, as
amended by the Act, provides that the
percentages prescribed by the Secretary
for any month shall be percentages which
will yield over a 10-year period amounts
of credit which have a present value equal
to (i) 70 percent of the qualified basis
of a new building which is not federally
subsidized for the taxable year, and (ii) 30
percent of the qualified basis of a building
not described in (i).
Section 42(b)(1)(C) of the Code, as
amended by the Act, provides that the
present value shall be determined as of the
last day of the 1
st
year of the 10-year pe-
riod referred to in § 42(b)(1)(B) by using
a discount rate equal to 72 percent of the
average of the annual Federal mid-term
rate and the annual Federal long-term
rate applicable under § 1274(d)(1) to the
month applicable under § 42(b)(1)(A)(i)
and (ii) and compounded annually, and by
assuming that the credit allowable for any
year is received on the last day of such
year.
Section § 42(b)(2) of the Code, as
amended by the Act, provides that in the
case of a new building (A) which is placed
in service by the taxpayer after the date of
enactment of this paragraph (i.e., July 30,
2008), and before December 31, 2013, and
(B) which is not federally subsidized for
the taxable year, the applicable percentage
shall not be less than 9 percent.
Section § 42(i)(2) of the Code, as
amended by the Act, provides that for pur-
poses of § 42(b)(1) a new building shall be
treated as “federally subsidized” for any
taxable year if, at any time during such
taxable year or any prior taxable year,
there is or was outstanding any obligation
the interest on which is exempt from tax
under § 103, the proceeds of which are
or were used (directlyor indirectly) with
respect to the building or the operation
thereof.
Section 42(m)(2)(A) of the Code pro-
vides that the housing credit dollar amount
allocated to a project shall not exceed
the amount the housing credit agency
determines is necessary for the financial
feasibility of the project and its viability
as a qualified low-income housing project
throughout the credit period. In mak-
ing the determination, the housing credit
agency shall consider (i) the sources and
uses of funds and total financing planned
for the project, (ii) any proceeds or receipts
expected to be generated by reason of tax
benefits, (iii) the percentage of the housing
credit dollar amount used for project costs
other than the cost of intermediaries (this
clause shall not be applied so as to impede
the development of projects in hard-to-de-
velop areas), and (iv) the reasonableness
of the developmental and operational costs
of the project. See also § 1.42–8(a)(5) of
the regulations.
For newly constructed and substantially
rehabilitated buildings that are not feder-
ally subsidized, the applicable percentage
(i.e., 70-percent present value credit) has
been temporarily increased by the Act to
not less than 9 percent. This temporary in-
crease applies to buildings placed in ser-
vice by the taxpayer after July 30, 2008,
and before December 31, 2013. The def-
inition of a “federally subsidized” build-
ing has also been changed by the Act to
include only those buildings financed with
tax-exempt bonds. At issue is the correct
applicable percentage to apply in a situa-
tion in which a taxpayer, on or before July
30, 2008, irrevocably elected under for-
mer § 42(b)(2)(A)(ii) of the Code to apply
an applicable percentage that is less than
9 percent, and places in service after July
30, 2008, and before December 31, 2013,
a newly constructed or substantially reha-
bilitated building thatis not federally sub-
sidized.
Conclusion
The Service has determined that the 9
percent applicable percentage floor under
§ 42(b)(2) of the Code, as amended by the
Act, will apply to a building that meets
the requirements of § 42(b)(2), even if
an election under former § 42(b)(2)(A)(ii)
was made with respect to such building on
or before July 30, 2008. Notwithstand-
ing the application of the 9 percent appli-
cable percentage floor, the housing credit
dollar amount allocatedto a project shall
not exceed the amount the housing credit
agency determines is necessary for the fi-
nancial feasibility of the project and its vi-
ability as a qualified low-income housing
project throughout the credit period. See
§ 42(m)(2).
The principal author of this notice
is Julie Hanlon Bolton, Office of the
2008–49 I.R.B.1239December 8, 2008

Associate Chief Counsel (Passthroughs
and Special Industries). For further in-
formation regarding this notice, contact
Ms. Hanlon Bolton at (202) 622–3040
(not a toll-free call).
26 CFR 601.201: Rulings and determination letters.
(Also Part I, Sections 846; 1.846–1.)
Rev. Proc. 2008–70
SECTION 1. PURPOSE
This revenue procedure prescribes the
loss payment patterns and discount fac-
tors for the 2008 accident year. These
factors will be used for computing dis-
counted unpaid losses under § 846 of the
Internal Revenue Code.SeeRev. Proc.
2008–10, 2008–3 I.R.B. 290, for back-
ground concerning the loss payment pat-
terns and application of the discount fac-
tors. This revenue procedure also cor-
rects the discount factors for the Compos-
ite and International (Composite) lines of
business for the 2006 and 2007 accident
years in Rev. Proc. 2007–9, 2007–3 I.R.B.
278, and Rev. Proc. 2008–10, 2008–3
I.R.B. 290, for taxpayers that use the com-
posite method of Notice 88–100, 1988–2
C.B. 439.
SECTION 2. SCOPE
This revenue procedure applies to any
taxpayer that is required to discount its un-
paid losses under § 846 for a line of busi-
ness using discount factors published by
the Secretary.
SECTION 3. CORRECTION OF REV.
PROC. 2007–9 AND REV. PROC.
2008–10
.01 Rev. Proc. 2007–9, 2007–3 I.R.B.
278, prescribes the loss payment patterns
and discount factors for the 2006 accident
year. Rev. Proc. 2008–10, 2008–3 I.R.B.
290, prescribes the loss payment patterns
and discount factors for the 2007 accident
year. An error has been discovered in the
composite discount factors for the 2006
and 2007 accident years that were deter-
mined for the Composite and International
(Composite) lines of business for taxpay-
ers that use the composite method of No-
tice 88–100, which is used for comput-
ing discounted unpaid losses for accident
years not separately reported on the annual
statement.
.02 Rev. Proc. 2007–9 as corrected for
the Composite line of business provides:
“Taxpayers that use the composite method
of Notice 88–100 should use 90.1284 per-
cent to discount unpaid losses incurred in
this line of business in 2006 and prior years
that are outstanding at the end of the 2016
taxable year.”
.03 Rev. Proc. 2007–9 as corrected
for the International (Composite) line of
business provides: “Taxpayers that use
the composite method of Notice 88–100
should use 90.1284 percent to discount un-
paid losses incurred in this line of business
in 2006 and prior years that are outstand-
ing at the end of the 2016 taxable year.”
.04 Rev. Proc. 2008–10 as corrected for
the Composite line of business provides:
“Taxpayers that use the composite method
of Notice 88–100 should use 92.4923 per-
cent to discount unpaid losses incurred in
this line of business in 2007 and prior years
that are outstanding at the end of the 2017
taxable year.”
.05 Rev. Proc. 2008–10 as corrected
for the International (Composite) line of
business provides: “Taxpayers that use
the composite method of Notice 88–100
should use 92.4923 percent to discount un-
paid losses incurred in this line of business
in 2007 and prior years that are outstand-
ing at the end of the 2017 taxable year.”
SECTION 4. TABLES OF DISCOUNT
FACTORS
.01 The following tables present sepa-
rately for each line of business the discount
factors under § 846 for accident year 2008.
All the discount factors presented in this
section were determined using the appli-
cable interest rate under § 846(c) for 2008,
which is 4.06 percent, and by assuming all
loss payments occur in the middle of the
calendar year.
.02 If the groupings of individual
lines of business on the annual state-
ment change, taxpayers must discount the
unpaid losses on the affected lines of busi-
ness in accordance with the discounting
patterns that would have applied to those
unpaid losses based on their classifica-
tion on the 2005 annual statement.See
Rev. Proc. 2008–10, 2008–3 I.R.B. 290,
section 2, for additional background on
discounting under section 846 and the use
of the Secretary’s tables.
.03 Section V of Notice 88–100,
1988–2 C.B. 439, sets forth a composite
method for computing discounted unpaid
losses for accident years that are not sep-
arately reported on the annual statement.
The tables separately provide discount
factors for taxpayers who elect to use the
composite method of section V of Notice
88–100.SeeRev. Proc. 2002–74, 2002–2
C.B. 980.
.04 Tables.
December 8, 200812402008–49 I.R.B.

Tables of Factors to be Used to Discount
Unpaid Losses Incurred in
Accident Year 2008
(Interest rate: 4.06 percent)
Accident and Health
(Other Than Disability Income or Credit Disability Insurance)
Taxpayers that do not use the composite method of Notice 88–100 should use 98.0298 percent to discount unpaid losses incurred
in this line of business in the 2008 accident year and that are outstanding at theend of the 2008 and later taxable years.
Taxpayers that use the composite method of Notice 88–100 should use 98.0298 percent to discount all unpaid losses in this line of
business that are outstanding at the end of the 2008 taxable year.
Auto Physical Damage
Tax Year
Estimated
Cumulative
Losses
Paid
(%)
Estimated
Losses Paid
Each Year
(%)
Unpaid
Losses at
Year End
(%)
Discounted
Unpaid
Losses at
Year End
(%)
Discount
Factors
(%)
200889.409689.4096
10.5904
10.363997.8613
200999.6848
10.27520.3152
0.303096.1174
Taxpayers that do not use the composite method of Notice 88–100 should use the following factor to discount unpaid losses
incurred in this line of business in the 2008 accident year and that are outstanding at the end of the tax year shown.
2010 and later years
0.15760.15760.1545
98.0298
Taxpayers that use the composite method of Notice 88–100 shoulduse 98.0298 percent to discount unpaid losses incurred in this
line of business in 2008 and prior years and that are outstanding at the end of the 2010 taxable year.
Commercial Auto
/Truck Liability/Medical
Tax Year
Estimated
Cumulative
Losses
Paid
(%)
Estimated
Losses Paid
Each Year
(%)
Unpaid
Losses at
Year End
(%)
Discounted
Unpaid
Losses at
Year End
(%)
Discount
Factors
(%)
200823.671823.671876.328270.194291.9637
2009
47.5425
23.8708
52.4575
48.693692.8249
201066.684719.1421
33.3153
31.143793.4816
2011
81.510514.825818.4895
17.284393.4819
2012
90.05488.54439.9452
9.2701
93.2115
201394.73114.6763
5.2689
4.8762
92.5459
201497.06022.32922.93982.698291.7820
2015
98.1174
1.0572
1.88261.7293
91.8572
201698.8692
0.7518
1.13081.032691.3161
201799.11600.24670.88400.822893.0737
2008–49 I.R.B.1241December 8, 2008

Commercial Auto/Truck Liability/Medical
Taxpayers that do not use the composite method of Notice 88–100 should use the following factors to discount unpaid losses
incurred in this line of business in the 2008 accident year and that are outstanding at the end of the tax year shown.
20180.24670.6373
0.604594.8560
20190.24670.39060.377496.6210
2020 and later years0.24670.14390.141098.0298
Taxpayers that use the composite method of Notice 88–100 shoulduse 95.5540 percent to discount unpaid losses incurred in this
line of business in 2008 and prior years and that are outstanding at the end of the 2018 taxable year.
Composite
Tax Year
Estimated
Cumulative
Losses
Paid
(%)
Estimated
Losses Paid
Each Year
(%)
Unpaid
Losses at
Year End
(%)
Discounted
Unpaid
Losses at
Year End
(%)
Discount
Factors
(%)
200834.700434.7004
65.299659.2808
90.7829
2009
58.6076
23.907241.392437.299990.1131
201071.7608
13.1532
28.2392
25.3968
89.9346
201181.49879.7379
18.5013
16.4943
89.1521
201287.8488
6.350112.1512
10.686387.9440
201391.4226
3.57398.5774
7.4744
87.1415
2014
93.4057
1.9831
6.59435.7549
87.2720
2015
94.22800.8222
5.77205.1498
89.2206
2016
95.48751.25954.5125
4.074190.2843
2017
96.35600.8685
3.6440
3.3535
92.0287
Taxpayers that do not use the composite method of Notice 88–100 should use the following factors to discount unpaid losses
incurred in this line of business in the 2008 accident year and that are outstanding at the end of the tax year shown.
2018
0.86852.7754
2.603693.8109
2019
0.8685
1.90691.8233
95.6199
2020
0.8685
1.03831.011497.4044
2021 and later years
0.8685
0.16980.166498.0298
Taxpayers that use the composite method of Notice 88–100 shoulduse 94.3096 percent to discount unpaid losses incurred in this
line of business in 2008 and prior years and that are outstanding at the end of the 2018 taxable year.
Fidelity/Surety
Tax Year
Estimated
Cumulative
Losses
Paid
(%)
Estimated
Losses Paid
Each Year
(%)
Unpaid
Losses at
Year End
(%)
Discounted
Unpaid
Losses at
Year End
(%)
Discount
Factors
(%)
2008
25.232825.2328
74.767271.0916
95.0839
2009
61.102535.869838.8975
37.387296.1174
Taxpayers
that do not use the composite method of Notice 88–100 should use the following factor to discount unpaid losses
incurred i
n this line of business in the 2008 accident year and that are outstanding at the end of the tax year shown.
2010 and lat
er years
19.448719.4487
19.0655
98.0298
Taxpayers that use the composite method of Notice 88–100 shoulduse 98.0298 percent to discount unpaid losses incurred in this
line of business in 2008 and prior years and that are outstanding at the end of the 2010 taxable year.
December 8, 200812422008–49 I.R.B.

Financial Guaranty/Mortgage Guaranty
Tax Year
Estimated
Cumulative
Losses
Paid
(%)
Estimated
Losses Paid
Each Year
(%)
Unpaid
Losses at
Year End
(%)
Discounted
Unpaid
Losses at
Year End
(%)
Discount
Factors
(%)
20087.78247.782492.2176
88.256895.7050
200962.1390
54.3565
37.861036.391196.1174
Taxpayers that do not use the composite method of Notice 88–100 should use the following factor to discount unpaid losses
incurred in this line of business in the 2008 accident year and that are outstanding at the end of the tax year shown.
2010 and later years
18.930518.930518.5575
98.0298
Taxpayers that use the composite method of Notice 88–100 shoulduse 98.0298 percent to discount unpaid losses incurred in this
line of business in 2008 and prior years and that are outstanding at the end of the 2010 taxable year.
International (
Composite)
Tax Year
Estimated
Cumulative
Losses
Paid
(%)
Estimated
Losses Paid
Each Year
(%)
Unpaid
Losses at
Year End
(%)
Discounted
Unpaid
Losses at
Year End
(%)
Discount
Factors
(%)
200834.700434.7004
65.299659.2808
90.7829
2009
58.6076
23.907241.392437.299990.1131
201071.7608
13.1532
28.2392
25.3968
89.9346
201181.49879.7379
18.5013
16.4943
89.1521
201287.8488
6.350112.1512
10.686387.9440
201391.4226
3.57398.5774
7.4744
87.1415
2014
93.4057
1.9831
6.59435.7549
87.2720
2015
94.22800.8222
5.77205.1498
89.2206
2016
95.48751.25954.5125
4.074190.2843
2017
96.35600.8685
3.6440
3.3535
92.0287
Taxpayers that do not use the composite method of Notice 88–100 should use the following factors to discount unpaid losses
incurred in this line of business in the 2008 accident year and that are outstanding at the end of the tax year shown.
2018
0.86852.7754
2.603693.8109
2019
0.8685
1.90691.8233
95.6199
2020
0.8685
1.03831.011497.4044
2021 and later years
0.8685
0.16980.166498.0298
Taxpayers that use the composite method of Notice 88–100 shoulduse 94.3096 percent to discount unpaid losses incurred in this
line of business in 2008 and prior years and that are outstanding at the end of the 2018 taxable year.
2008–49 I.R.B.1243December 8, 2008

Medical Malpractice — Claims-Made
Tax Year
Estimated
Cumulative
Losses
Paid
(%)
Estimated
Losses Paid
Each Year
(%)
Unpaid
Losses at
Year End
(%)
Discounted
Unpaid
Losses at
Year End
(%)
Discount
Factors
(%)
2008
4.94254.942595.057585.027689.4485
200919.936914.994480.063173.183991.4078
201044.348924.4120
55.651151.2525
92.0962
201164.8374
20.488535.1626
32.4331
92.2375
2012
80.253015.4156
19.7470
18.0245
91.2770
2013
85.79075.5377
14.209313.107292.2442
201491.2722
5.4815
8.72788.047892.2082
2015
93.3314
2.0593
6.66866.273994.0812
2016
96.1257
2.79423.87433.678294.9374
2017
97.65381.5281
2.34622.268796.6961
Taxpayers that do not use the composite method of Notice 88–100 should use the following factor to discount unpaid losses
incurred in this line of business in the 2008 accident year and that are outstanding at the end of the tax year shown.
2018 and later years
1.5281
0.81820.802198.0298
Taxpayers th
at use the composite method of Notice 88–100 should use 98.0440 percent to discount unpaid losses incurred in this
line of busi
ness in 2008 and prior years and that are outstanding at the end of the 2018 taxable year.
Medical Malpractice — Occurrence
Tax Year
Estimated
Cumulative
Losses
Paid
(%)
Estimated
Losses Paid
Each Year
(%)
Unpaid
Losses at
Year End
(%)
Discounted
Unpaid
Losses at
Year End
(%)
Discount
Factors
(%)
2008
1.58781.5878
98.412282.1817
83.5076
20094.47202.8842
95.528082.5760
86.4417
201017.773813.301882.2262
72.359588.0005
2011
35.8814
18.107664.1186
56.8257
88.6260
2012
52.9447
17.0633
47.0553
41.7266
88.6757
201368.4348
15.490131.5652
27.619387.4993
2014
79.5616
11.126820.438417.3902
85.0861
201585.81986.2582
14.180211.7123
82.5961
201690.12674.30699.87337.794378.9437
201790.37010.24349.6299
7.8625
81.6469
Taxpayer
s that do not use the composite method of Notice 88–100 should use the following factors to discount unpaid losses
incurred
in this line of business inthe 2008 accident year and that are outstanding at the end of the tax year shown.
20180.2434
9.38657.933584.5197
20190.24349.14318.0073
87.5770
20200.24348.89988.0841
90.8352
20210.2434
8.6564
8.164194.3126
2022 and later years0.24348.41308.247398.0298
Taxpay
ers that use the composite method of Notice 88–100 should use 86.1528 percent to discount unpaid losses incurred in this
line of
business in 2008 and prior years and that are outstanding at the end of the 2018 taxable year.
December 8, 200812442008–49 I.R.B.

Miscellaneous Casualty
Tax Year
Estimated
Cumulative
Losses
Paid
(%)
Estimated
Losses Paid
Each Year
(%)
Unpaid
Losses at
Year End
(%)
Discounted
Unpaid
Losses at
Year End
(%)
Discount
Factors
(%)
200872.906472.906427.093626.196496.6888
2009
93.5836
20.67716.41646.167396.1174
Taxpayers that do not use the composite method of Notice 88–100 should use the following factor to discount unpaid losses
incurred in this line of business in the 2008 accident year and that are outstanding at the end of the tax year shown.
2010 and later years3.20823.2082
3.1450
98.0298
Taxpayers that use the composite method of Notice 88–100 shoulduse 98.0298 percent to discount unpaid losses incurred in this
line of business in 2008 and prior years and that are outstanding at the end of the 2010 taxable year.
Multiple Peril L
ines
(Homeowners/Fa
rmowners, Commercial Multiple Peril, and Special Liability
(Ocean Marine, A
ircraft (All Perils), Boiler and Machinery))
Tax Year
Estimated
Cumulative
Losses
Paid
(%)
Estimated
Losses Paid
Each Year
(%)
Unpaid
Losses at
Year End
(%)
Discounted
Unpaid
Losses at
Year End
(%)
Discount
Factors
(%)
2008
52.588052.5880
47.4120
44.253793.3385
200980.0449
27.457019.9551
18.041690.4110
2010
86.16256.117513.837512.533690.5767
2011
90.74524.58279.2548
8.367690.4137
201293.9006
3.1555
6.0994
5.4885
89.9844
2013
95.7613
1.86074.23873.813289.9627
2014
96.8755
1.1141
3.12452.8315
90.6219
201597.6715
0.7960
2.32852.134591.6659
201698.0329
0.3615
1.9671
1.8524
94.1706
201798.68100.64811.3190
1.2665
96.0207
Taxpayers that do not use the composite method of Notice 88–100 should use the following factors to discount unpaid losses
incurred in this line of business in the 2008 accident year and that are outstanding at the end of the tax year shown.
20180.64810.6709
0.6568
97.8997
2019 and late
r years
0.64810.02280.022498.0298
Taxpayers that use the composite method of Notice 88–100 shoulduse 97.9053 percent to discount unpaid losses incurred in this
line of business in 2008 and prior years and that are outstanding at the end of the 2018 taxable year.
2008–49 I.R.B.1245December 8, 2008

Other (Including Credit)
Tax Year
Estimated
Cumulative
Losses
Paid
(%)
Estimated
Losses Paid
Each Year
(%)
Unpaid
Losses at
Year End
(%)
Discounted
Unpaid
Losses at
Year End
(%)
Discount
Factors
(%)
2008
67.952867.9528
32.047230.819096.1676
200989.4609
21.508110.5391
10.129996.1174
Taxpayers that do not use the composite method of Notice 88–100 should use the following factor to discount unpaid losses
incurred in this line of business in the 2008 accident year and that are outstanding at the end of the tax year shown.
2010 and later years
5.26955.26955.1657
98.0298
Taxpayers that use the composite method of Notice 88–100 shoulduse 98.0298 percent to discount unpaid losses incurred in this
line of business in 2008 and prior years and that are outstanding at the end of the 2010 taxable year.
Other Liability
—Claims-Made
Tax Year
Estimated
Cumulative
Losses
Paid
(%)
Estimated
Losses Paid
Each Year
(%)
Unpaid
Losses at
Year End
(%)
Discounted
Unpaid
Losses at
Year End
(%)
Discount
Factors
(%)
2008
5.87965.8796
94.120483.236988.4367
2009
18.8735
12.9938
81.1265
73.361390.4283
201041.6840
22.810558.316053.070991.0056
2011
62.5322
20.848337.4678
33.9583
90.6333
2012
73.520710.9885
26.479324.127791.1189
201382.00368.482917.9964
16.4539
91.4286
201488.62796.624411.372110.364491.1391
2015
90.71072.08289.2893
8.6605
93.2317
201694.84394.1332
5.15614.795993.0145
201796.26891.42493.7311
3.5370
94.7977
Taxpayers that do not use the composite method of Notice 88–100 should use the following factors to discount unpaid losses
incurred in this line of business in the 2008 accident year and that are outstanding at the end of the tax year shown.
20181.42492.30622.2270
96.5683
2019 and late
r years
1.42490.88120.863998.0298
Taxpayers that use the composite method of Notice 88–100 shoulduse 97.0645 percent to discount unpaid losses incurred in this
line of business in 2008 and prior years and that are outstanding at the end of the 2018 taxable year.
December 8, 200812462008–49 I.R.B.

Other Liability — Occurrence
Tax Year
Estimated
Cumulative
Losses
Paid
(%)
Estimated
Losses Paid
Each Year
(%)
Unpaid
Losses at
Year End
(%)
Discounted
Unpaid
Losses at
Year End
(%)
Discount
Factors
(%)
2008
13.659413.6594
86.3406
74.557886.3531
200924.8389
11.179575.1611
66.1806
88.0517
201041.779216.9403
58.220851.586888.6055
2011
58.4995
16.7203
41.5005
36.6249
88.2518
2012
69.5197
11.020330.480326.8702
88.1560
2013
77.7513
8.231622.2487
19.5641
87.9336
201484.22436.4730
15.775713.7553
87.1929
201583.2275
-0.9968
16.772515.3306
91.4032
2016
88.85245.6249
11.1476
10.2151
91.6347
2017
91.38522.5328
8.61488.046193.3986
Taxpayers that do not use the composite method of Notice 88–100 should use the following factors to discount unpaid losses
incurred in this line of business in the 2008 accident year and that are outstanding at the end of the tax year shown.
2018
2.5328
6.0820
5.789195.1836
2019
2.53283.5492
3.4404
96.9345
2020 and lat
er years
2.5328
1.01640.996498.0298
Taxpayers that use the composite method of Notice 88–100 shoulduse 94.7637 percent to discount unpaid losses incurred in this
line of business in 2008 and prior years and that are outstanding at the end of the 2018 taxable year.
Private Passenger Auto Liability/Medical
Tax Year
Estimated
Cumulative
Losses
Paid
(%)
Estimated
Losses Paid
Each Year
(%)
Unpaid
Losses at
Year End
(%)
Discounted
Unpaid
Losses at
Year End
(%)
Discount
Factors
(%)
200842.610842.6108
57.389254.051194.1835
2009
71.5827
28.971928.4173
26.6915
93.9269
201084.694713.1120
15.3053
14.399794.0826
2011
92.3556
7.66107.64447.169393.7860
201296.23693.88123.7631
3.5012
93.0391
2013
97.9275
1.6907
2.0725
1.9187
92.5799
201498.77190.84441.2281
1.1352
92.4394
2015
99.26920.49730.73080.674092.2334
2016
99.5053
0.23610.49470.460693.0998
201799.64400.1387
0.3560
0.337894.8818
Taxpayers that do not use the composite method of Notice 88–100 should use the following factors to discount unpaid losses
incurred in this line of business in the 2008 accident year and that are outstanding at the end of the tax year shown.
20180.13870.21740.210196.6446
2019 and later years0.13870.07870.077298.0298
Taxpayers that use the composite method of Notice 88–100 should use 97.0811 percent to discount unpaid losses incurred in this
line of business in 2008 and prior years and that are outstanding at the end of the 2018 taxable year.
2008–49 I.R.B.1247December 8, 2008

Products Liability — Claims-Made
Tax Year
Estimated
Cumulative
Losses
Paid
(%)
Estimated
Losses Paid
Each Year
(%)
Unpaid
Losses at
Year End
(%)
Discounted
Unpaid
Losses at
Year End
(%)
Discount
Factors
(%)
2008
1.02591.0259
98.974184.7900
84.6586
200911.792710.766788.207376.208886.3973
201029.3642
17.571670.6358
61.378186.8939
2011
55.165525.801244.834537.550383.7531
201283.4171
28.251616.582910.2554
61.8434
201364.8933
-18.523835.106729.5679
84.2229
201482.334617.4414
17.665412.976573.4571
2015
86.39864.064013.6014
9.3576
68.7991
201676.3310-10.067623.6690
20.007584.5305
201778.79102.460021.209018.310486.3331
Taxpayers that do not use the composite method of Notice 88–100 should use the following factor to discount unpaid losses
incurred in this line of business in the 2008 accident year and that are outstanding at the end of the tax year shown.
20182.460018.7490
16.5444
88.2412
20192.460016.289014.7066
90.2855
20202.460013.829012.7943
92.5176
20212.460011.369110.8043
95.0326
2022 and la
ter years
2.46008.90918.733698.0298
Taxpayers t
hat use the composite method of Notice 88–100 should use 89.2840 percent to discount unpaid losses incurred in this
line of bus
iness in 2008 and prior years and that are outstanding at the end of the 2018 taxable year.
Products Liability — Occurrence
Tax Year
Estimated
Cumulative
Losses
Paid
(%)
Estimated
Losses Paid
Each Year
(%)
Unpaid
Losses at
Year End
(%)
Discounted
Unpaid
Losses at
Year End
(%)
Discount
Factors
(%)
2008
5.04665.046694.953480.1653
84.4260
2009
13.6935
8.6469
86.306574.599486.4354
2010
28.254114.560671.7459
62.774887.4961
201141.3083
13.054258.691752.0070
88.6104
2012
59.3693
18.061040.6307
35.694487.8509
201373.071713.702426.9283
23.1659
86.0279
201474.6612
1.589525.3388
22.484988.7371
2015
78.98334.322121.016718.9889
90.3513
201686.12317.139813.8769
12.476589.9085
201788.6931
2.5700
11.306910.361491.6379
Taxpayers that do not use the composite method of Notice 88–100 should use the following factors to discount unpaid losses
incurred in this line of business in the 2008 accident year and that are outstanding at the end of the tax year shown.
2018
2.5700
8.73698.160493.4018
2019
2.5700
6.1669
5.870195.1869
2020
2.57003.5969
3.486896.9378
December 8, 200812482008–49 I.R.B.

Products Liability — Occurrence
2021 and later years
2.5700
1.02691.006798.0298
Taxpayers that use the composite method of Notice 88–100 shoulduse 94.0919 percent to discount unpaid losses incurred in this
line of business in 2008 and prior years and that are outstanding at the end of the 2018 taxable year.
Reinsurance — Nonproportional Assumed Property
Tax Year
Estimated
Cumulative
Losses
Paid
(%)
Estimated
Losses Paid
Each Year
(%)
Unpaid
Losses at
Year End
(%)
Discounted
Unpaid
Losses at
Year End
(%)
Discount
Factors
(%)
2008
12.945812.945887.0542
80.840392.8620
200960.179647.233839.8204
35.939390.2535
2010
80.8225
20.6429
19.1775
16.3406
85.2075
201184.9430
4.120515.0570
12.8008
85.0155
2012
85.66800.7250
14.3320
12.5809
87.7821
2013
80.0452-5.622919.9548
18.8276
94.3509
201486.7013
6.6561
13.298712.8020
96.2654
201597.253310.5520
2.7467
2.557893.1205
201697.67210.41882.32792.2344
95.9820
201798.8078
1.1357
1.1922
1.1665
97.8487
Taxpayers th
at do not use the composite method of Notice 88–100 should use the following factor to discount unpaid losses
incurred in t
his line of business in the 2008 accident year and that are outstanding at the end of the tax year shown.
2018 and late
r years
1.13570.05640.0553
98.0298
Taxpayers that use the composite method of Notice 88–100 shoulduse 94.5477 percent to discount unpaid losses incurred in this
line of business in 2008 and prior years and that are outstanding at the end of the 2018 taxable year.
Reinsurance
— Nonproportional Assumed Liability
Tax Year
Estimated
Cumulative
Losses
Paid
(%)
Estimated
Losses Paid
Each Year
(%)
Unpaid
Losses at
Year End
(%)
Discounted
Unpaid
Losses at
Year End
(%)
Discount
Factors
(%)
2008
32.591732.5917
67.4083
54.5146
80.8723
2009
33.3995
0.8078
66.600555.9039
83.9392
2010
35.49482.095364.505256.0362
86.8708
201144.0321
8.537355.9679
49.6024
88.6265
201264.829920.7979
35.1701
30.400486.4383
2013
66.43581.605933.564229.9965
89.3706
201477.809711.373822.190319.6119
88.3805
2015
82.44384.6341
17.556215.6809
89.3183
201684.1944
1.750715.805614.5317
91.9406
201787.92233.727912.077711.318993.7176
Taxpayers that do not use the composite method of Notice 88–100 should use the following factors to discount unpaid losses
incurred in this line of business in the 2008 accident year and that are outstanding at the end of the tax year shown.
20183.72798.3498
7.975795.5191
20193.72794.62194.496797.2900
2008–49 I.R.B.1249December 8, 2008

Reinsurance — Nonproportional Assumed Liability
2020 and later years3.72790.89400.876498.0298
Taxpayers that use the composite method of Notice 88–100 shoulduse 94.6662 percent to discount unpaid losses incurred in this
line of business in 2008 and prior years and that are outstanding at the end of the 2018 taxable year.
Reinsurance — Nonproportional Assumed Financial Lines
Tax Year
Estimated
Cumulative
Losses
Paid
(%)
Estimated
Losses Paid
Each Year
(%)
Unpaid
Losses at
Year End
(%)
Discounted
Unpaid
Losses at
Year End
(%)
Discount
Factors
(%)
20088.47838.4783
91.5217
82.637790.2930
2009
28.047519.569371.9525
66.030291.7692
2010
60.435132.387539.564935.6726
90.1622
201182.444822.0097
17.5552
14.6688
83.5583
201290.27207.82719.72807.279974.8343
2013
85.3168-4.9551
14.683112.630186.0181
201488.37773.060811.622310.020686.2186
2015
89.9934
1.6157
10.00668.779387.7346
201681.6664-8.326918.333617.6300
96.1625
201791.04919.3827
8.95098.7745
98.0298
Taxpayers that do not use the composite method of Notice 88–100 should use the following factor to discount unpaid losses
incurred in this line of business in the 2008 accident year and that are outstanding at the end of the tax year shown.
2018 and later years———98.0298
Taxpayers th
at use the composite method of Notice 88–100 should use 94.5352 percent to discount unpaid losses incurred in this
line of busin
ess in 2008 and prior years and that are outstanding at the end of the 2018 taxable year.
Special Property
(Fire, Allied Lines, Inland Marine, Earthquake, Burglary and Theft)
Tax Year
Estimated
Cumulative
Losses
Paid
(%)
Estimated
Losses Paid
Each Year
(%)
Unpaid
Losses at
Year End
(%)
Discounted
Unpaid
Losses at
Year End
(%)
Discount
Factors
(%)
2008
44.575644.575655.424453.5639
96.6430
200988.4263
41.850713.5737
13.046796.1174
Taxpayers that do not use the composite method of Notice 88–100 should use the following factor to discount unpaid losses
incurred in this line of business in the 2008 accident year and that are outstanding at the end of the tax year shown.
2010 and later years6.78696.7869
6.6531
98.0298
Taxpayers that use the composite method of Notice 88–100 shoulduse 98.0298 percent to discount unpaid losses incurred in this
line of business in 2008 and prior years and that are outstanding at the end of the 2010 taxable year.
December 8, 200812502008–49 I.R.B.

Workers’ Compensation
Tax Year
Estimated
Cumulative
Losses
Paid
(%)
Estimated
Losses Paid
Each Year
(%)
Unpaid
Losses at
Year End
(%)
Discounted
Unpaid
Losses at
Year End
(%)
Discount
Factors
(%)
200819.041019.0410
80.959069.6415
86.0207
200940.244221.2032
59.755850.839685.0789
2010
57.149716.905542.850335.6584
83.2162
201167.860110.710432.139926.1804
81.4579
2012
75.5399
7.679724.460119.4093
79.3507
2013
80.11574.5758
19.8843
15.5296
78.0994
201482.18282.067217.8172
14.0513
78.8640
201584.4045
2.2217
15.595512.3555
79.2248
2016
85.51951.115014.4805
11.719880.9346
2017
86.2855
0.7661
13.7145
11.414183.2269
Taxpayers that do not use the composite method of Notice 88–100 should use the following factors to discount unpaid losses
incurred in this line of business in the 2008 accident year and that are outstanding at the end of the tax year shown.
20180.766112.948411.0961
85.6945
20190.766112.1823
10.7651
88.3666
20200.766111.416310.4207
91.2795
20210.7661
10.6502
10.062494.4802
2022 and later years0.76619.88429.689498.0298
Taxpayers that use the composite method of Notice 88–100 should use 88.0210 percent to discount unpaid losses incurred in this
line of business in 2008 and prior years and that are outstanding at the end of the 2018 taxable year.
SECTION 5.
EFFECT ON OTHER
DOCUMENTS
Rev. Proc. 2007–9 and Rev. Proc.
2008–10 are modified as to the compos-
ite discount factor to be used by taxpayers
that use the composite method of Notice
88–100 under the Composite and Interna-
tional (Composite) lines of business.
DRAFTING INFORMATION
The principal author of this revenue
procedure is Katherine A. Hossofsky of
the Office of Associate Chief Counsel
(Financial Institutions & Products). For
further information regarding this revenue
procedure, contact Ms. Hossofsky at (202)
622–8435 (not a toll-free call).
26 CFR 601.
201: Rulings and determination letters.
(Also Part
I, Sections 832, 846; 1.832–4, 1.846–1.)
Rev. Proc. 2008–71
SECTION 1
. PURPOSE
This reve
nue procedure prescribes the
salvage d
iscount factors for the 2008 acci-
dent year
. These factors must be used to
compute d
iscounted estimated salvage re-
coverabl
e under § 832 of the Internal Rev-
enue Cod
e.
SECTION 2. BACKGROUND
Section 832(b)(5)(A) requires that all
estimated salvage recoverable (including
that which cannot be treated as an asset
for state accounting purposes) be taken
into account in computing the deduction
for losses incurred. Under § 832(b)(5)(A),
paid losses are to be reduced by salvage
and reinsurance recovered during the tax-
able year. This amount is adjusted to
reflect changes in discounted unpaid losses
on nonlife
insurance contracts and in un-
paid losse
s on life insurance contracts.
An adjustm
ent is then made to reflect any
changes i
n discounted estimated salvage
recovera
ble and in reinsurance recover-
able.
Pursuant
to § 832(b), the amount of es-
timated s
alvage is determined on a dis-
counted b
asis in accordance with proce-
dures es
tablished by the Secretary.
SECTION
.3.SCOPE
This revenue procedure applies to any
taxpayer that is required to discount esti-
mated salvage recoverable under § 832.
SECTION 4. APPLICATION
.01 The following tables present sepa-
rately for each line of business the discount
factors under § 832 for the 2008 accident
year. All the discount factors presented
in this section were determined using the
applicable interest rate under § 846(c) for
2008, which is 4.06 percent, and by as-
suming all estimated salvage is recovered
2008–49 I.R.B.1251December 8, 2008

in the middle of each calendar year.See
Rev. Proc. 2008–11, 2008–3 I.R.B. 301,
for background regarding the tables.
.02 These tables must be used by tax-
payers irrespective of whether they elected
to discount unpaid losses using their own
historical experience under § 846.
.03 Section V of Notice 88–100,
1988–2 C.B. 439, provides a composite
discount factor to be used in determining
the discounted unpaid losses for accident
years that are not separately reported on
the NAIC Annual Statement. The tables
separately provide discount factors for
taxpayers who elect to use the composite
method. Rev. Proc. 2002–74, 2002–2
C.B. 980, clarifies that for certain insur-
ance companies subject to tax under § 831
the composite method for discounting un-
paid losses set forth in Notice 88–100,
section V, 1988–2 C.B. 439, is permitted
but not required. This revenue procedure
further provides alternative methods for
computing discounted unpaid losses that
are permitted for insurance companies not
using the composite method, and sets forth
a procedure for insurance companies to
obtain automatic consent of the Commis-
sioner to change to one of the methods
described in Rev. Proc. 2002–74.
.04 Tables.
Tables of Factors to
be Used to Discount
Salvage Recoverable With Re-
spect to Losses Incurred in
Accident Year 2008
(Interest rate: 4.06 percent)
Accident and Health (Other Than
Disability Income or Credit Disability
Insurance)
Taxpayers that do not use the compos-
ite method of Notice 88–100 should use
98.0298 percent to discount salvage re-
coverable with respect to losses incurred
in this line of business in the 2008 acci-
dent year as of the end of the 2008 and
later taxable years.
Taxpayers that use the composite
method of Notice 88–100 should use
98.0298 percent to discount all salvage
recoverableinthislineofbusinessasof
the end of the 2008 taxable year.
Auto Physical Damage
Tax Year
Discount
Factors
(%)
200897.2331
200996.1174
Taxpayers that do not use the compos-
ite method of Notice 88–100 should use
the following factor to discount salvage
recoverable as of the end of the tax year
shown with respect to losses incurred in
this line of business in the 2008 accident
year.
2010 and later
years
98.0298
Taxpayers that use the composite
method of Notice 88–100 should use
98.0298 percent to discount salvage
recoverable as of the end of the 2010
taxable year with respect to losses in-
curred in this line of business in 2008
and prior years.
Commercial A
uto/Truck
Liability/M
edical
Tax Year
Discount
Factors
(%)
2008
92.3526
200992.2970
201092.6408
201192.9897
201293.7281
2013
93.5170
2014
91.9508
2015
92.8642
201696.2378
201798.0298
Commercial Auto/Truck
Liability/Medical
Taxpayers that do not use the compos-
ite method of Notice 88–100 should use
the following factor to discount salvage
recoverable as of the end of the tax year
shown with respect to losses incurred in
this line of business in the 2008 accident
year.
2018 and later
years
98.0298
Taxpayers that use the composite
method of Notice 88–100 should use
98.0298 percent to discount salvage
recoverable as of the end of the 2018
taxable year with respect to losses in-
curred in this line of business in 2008
and prior years.
Composite
Tax Year
Discount
Factors
(%)
200892.3690
200992.1172
201091.9402
2011
91.7659
201291.1438
201390.2174
201491.0647
201592.4105
201694.4361
2017
96.2605
Taxpayers that do not use the compos-
ite method of Notice 88–100 should use
the following factor to discount salvage
recoverable as of the end of the tax year
shown with respect to losses incurred in
this line of business in the 2008 accident
year.
2018 and later
years
98.0298
December 8, 200812522008–49 I.R.B.

Composite
Taxpayers that use the composite
method of Notice 88–100 should use
96.8444 percent to discount salvage
recoverable as of the end of the 2018
taxable year with respect to losses
incurred in this line of business in 2008
and prior years.
Fidelity/Surety
Tax Year
Discount
Factors
(%)
2008
93.6954
200996.1174
Taxpayers that
do not use the compos-
ite method of N
otice 88–100 should use
the following
factor to discount salvage
recoverable a
s of the end of the tax year
shown with res
pect to losses incurred in
this line of b
usiness in the 2008 accident
year.
2010 and late
r
years
98.0298
Taxpayers th
at use the composite
method of No
tice 88–100 should use
98.0298 per
cent to discount salvage
recoverabl
e as of the end of the 2010
taxable yea
r with respect to losses in-
curred in th
is line of business in 2008
and prior y
ears.
Financial Guaranty/Mortgage
Guaranty
Tax Year
Discount
Factors
(%)
200894.7421
200996.1174
Financial Guaranty/Mortgage
Guaranty
Taxpayers that do not use the compos-
ite method of Notice 88–100 should use
the following factor to discount salvage
recoverable as of the end of the tax year
shown with respect to losses incurred in
this line of business in the 2008 accident
year.
2010 and later
years
98.0298
Taxpayers that use the composite
method of Notice 88–100 should use
98.0298 percent to discount salvage
recoverable as of the end of the 2010
taxable year with respect to losses in-
curred in this line of business in 2008
and prior years.
International (Composite)
Tax Year
Discount
Factors
(%)
200892.3690
200992.1172
201091.9402
2011
91.7659
201291.1438
201390.2174
201491.0647
201592.4105
201694.4361
2017
96.2605
Taxpayers that do not use the compos-
ite method of Notice 88–100 should use
the following factor to discount salvage
recoverable as of the end of the tax year
shown with respect to losses incurred in
this line of business in the 2008 accident
year.
2018 and later
years
98.0298
International (Composite)
Taxpayers that use the composite
method of Notice 88–100 should use
96.8444 percent to discount salvage
recoverable as of the end of the 2018
taxable year with respect to losses in-
curred in this line of business in 2008
and prior years.
Medical Malpractice —
Claims-Made
Tax Year
Discount
Factors
(%)
200892.6642
200993.7424
2010
92.1505
201192.7778
201292.0831
201387.6889
201484.3189
2015
90.2868
2016
96.4445
201798.0298
Taxpayers that do not use the compos-
ite method of Notice 88–100 should use
the following factor to discount salvage
recoverable as of the end of the tax year
shown with respect to losses incurred in
this line of business in the 2008 accident
year.
2018 and later
years
98.0298
Taxpayers that use the composite
method of Notice 88–100 should use
98.0298 percent to discount salvage
recoverable as of the end of the 2018
taxable year with respect to losses in-
curred in this line of business in 2008
and prior years.
2008–49 I.R.B.1253December 8, 2008

Medical Malpractice — Occurrence
Tax Year
Discount
Factors
(%)
2008
85.5177
200989.9300
201092.2898
201184.2693
2012
94.7905
201391.4234
2014
93.0145
201595.8751
201697.0989
201798.0298
Taxpayers t
hat do not use the compos-
ite method o
f Notice 88–100 should use
the followi
ng factor to discount salvage
recoverabl
e as of the end of the tax year
shown with
respect to losses incurred in
this line o
f business in the 2008 accident
year.
2018 and la
ter
years
98.0298
Taxpayers
that use the composite
method of
Notice 88–100 should use
98.0298 p
ercent to discount salvage
recovera
ble as of the end of the 2018
taxable y
ear with respect to losses in-
curred in
this line of business in 2008
and prio
r years.
Miscellaneous Casualty
Tax Year
Discount
Factors
(%)
2008
96.5837
200996.1174
Taxpayers that do not use the compos-
ite method of Notice 88–100 should use
the following factor to discount salvage
recoverable as of the end of the tax year
shown with respect to losses incurred in
this line of business in the 2008 accident
year.
Miscellaneous Casualty
2010 and later
years
98.0298
Taxpayers that use the composite
method of Notice 88–100 should use
98.0298 percent to discount salvage
recoverable as of the end of the 2010
taxable year with respect to losses in-
curred in this line of business in 2008
and prior years.
Multiple Peril Lines (Homeown-
ers/Farmowners, Commercial
Multiple Peril, and Special Liability
(Ocean Marine, Aircraft (All Perils),
Boiler and Machinery))
Tax Year
Discount
Factors
(%)
200893.0068
200992.3990
201092.3201
2011
92.2569
201291.4462
2013
89.8725
201491.0239
2015
93.4483
2016
94.8485
201796.6142
Taxpayers that do not use the compos-
ite method of Notice 88–100 should use
the following factor to discount salvage
recoverable as of the end of the tax year
shown with respect to losses incurred in
this line of business in the 2008 accident
year.
2018 and later
years
98.0298
Taxpayers that use the composite
method of Notice 88–100 should use
98.0298 percent to discount salvage
recoverable as of the end of the 2018
taxable year with respect to losses in-
curred in this line of business in 2008
and prior years.
Other (Including Credit)
Tax Year
Discount
Factors
(%)
2008
95.6448
200996.1174
Taxpayers that do not use the compos-
ite method of Notice 88–100 should use
the following factor to discount salvage
recoverable as of the end of the tax year
shown with respect to losses incurred in
this line of business in the 2008 accident
year.
2010 and later
years
98.0298
Taxpayers that use the composite
method of Notice 88–100 should use
98.0298 percent to discount salvage
recoverable as of the end of the 2010
taxable year with respect to losses in-
curred in this line of business in 2008
and prior years.
Other Liabil
ity — Claims-Made
Tax Year
Discount
Factors
(%)
200888.4208
2009
89.5374
2010
87.6521
201190.8781
2012
92.3590
201394.2379
201493.1673
2015
91.7716
201697.3613
201798.0298
Taxpayers that do not use the compos-
ite method of Notice 88–100 should use
the following factor to discount salvage
recoverable as of the end of the tax year
shown with respect to losses incurred in
this line of business in the 2008 accident
year.
December 8, 200812542008–49 I.R.B.

Other Liability — Claims-Made
2018 and later
years
98.0298
Taxpayers that use the composite
method of Notice 88–100 should use
98.0675 percent to discount salvage
recoverable as of the end of the 2018
taxable year with respect to losses in-
curred in this line of business in 2008
and prior years.
Other Liability — Occurrence
Tax Year
Discount
Factors
(%)
200887.1236
200988.1600
201090.4878
201191.2470
2012
90.6851
201390.8000
201490.2668
2015
93.0020
2016
95.7619
2017
97.5722
Taxpayers that do not use the compos-
ite method of Notice 88–100 should use
the following factor to discount salvage
recoverable as of the end of the tax year
shown with respect to losses incurred in
this line of business in the 2008 accident
year.
2018 and later
years
98.0298
Taxpayers that use the composite
method of Notice 88–100 should use
98.0298 percent to discount salvage
recoverable as of the end of the 2018
taxable year with respect to losses in-
curred in this line of business in 2008
and prior years.
Private Passenger Auto
Liability/Medical
Tax Year
Discount
Factors
(%)
2008
94.5329
2009
94.5579
201094.3102
2011
93.4459
201292.8620
201392.0891
2014
92.9858
201594.5440
201694.6149
201796.4088
Taxpayers t
hat do not use the compos-
ite method o
f Notice 88–100 should use
the followi
ng factor to discount salvage
recoverab
le as of the end of the tax year
shown with
respect to losses incurred in
this line o
f business in the 2008 accident
year.
2018 and la
ter
years
98.0298
Taxpayer
s that use the composite
method of
Notice 88–100 should use
98.0298 p
ercent to discount salvage
recovera
ble as of the end of the 2018
taxable y
ear with respect to losses in-
curred i
n this line of business in 2008
and prio
r years.
Products Liability — Claims-Made
Tax Year
Discount
Factors
(%)
200888.9426
2009
51.3741
2010
53.7803
2011
90.7115
201280.1341
201391.4320
2014
59.5121
201590.5055
201691.6367
201792.7680
Taxpayers that do not use the compos-
ite method of Notice 88–100 should use
the following factors to discount salvage
recoverable as of the end of the tax year
shown with respect to losses incurred in
this line of business in the 2008 accident
year.
2018
94.5598
201996.3623
2020 and later
years
98.0298
Taxpayers that use the composite
method of Notice 88–100 should use
95.2929 percent to discount salvage
recoverable as of the end of the 2018
taxable year with respect to losses in-
curred in this line of business in 2008
and prior years.
2008–49 I.R.B.1255December 8, 2008

Products Liability — Occurrence
Tax Year
Discount
Factors
(%)
200887.6369
200989.7198
201091.6030
201192.4224
201292.8704
2013
90.4185
2014
91.0511
2015
94.0066
2016
94.2757
2017
96.1335
Taxpayers that do not use the compos-
ite method of Notice 88–100 should use
the following factor to discount salvage
recoverable as of the end of the tax year
shown with respect to losses incurred in
this line of business in the 2008 accident
year.
2018 and later
years
98.0298
Taxpayers that use the composite
method of Notice 88–100 should use
95.9730 percent to discount salvage
recoverable as of the end of the 2018
taxable year with respect to losses in-
curred in this line of business in 2008
and prior years.
Reinsurance — Nonproportional
Assumed Property
Tax Year
Discount
Factors
(%)
200891.0976
200992.7443
2010
95.6984
201180.1417
201289.8643
2013
81.5378
2014
51.40
95
2015
92.8399
201673.31
81
201788.1043
Reinsurance — Nonproportional
Assumed Property
Taxpayers that do not use the compos-
ite method of Notice 88–100 should use
the following factors to discount salvage
recoverable as of the end of the tax year
shown with respect to losses incurred in
this line of business in the 2008 accident
year.
2018
89.8547
2019
91.6751
2020
93.5877
2021
95.6459
2022 and later
years
98.0298
Taxpayers that use the composite
method of Notice 88–100 should use
90.7540 percent to discount salvage
recoverable as of the end of the 2018
taxable year with respect to losses in-
curred in this line of business in 2008
and prior years.
Reinsuran
ce — Nonproportional
Assumed Li
ability
Tax Year
Discount
Factors
(%)
200886.7636
200990.0422
201091.4998
201188.6312
201290.7036
2013
91.5709
201491.4636
201593.2257
2016
95.1632
201796.9140
Taxpayers that do not use the compos-
ite method of Notice 88–100 should use
the following factor to discount salvage
recoverable as of the end of the tax year
shown with respect to losses incurred in
this line of business in the 2008 accident
year.
Reinsurance — Nonproportional
Assumed Liability
2018 and later
years
98.0298
Taxpayers that use the composite
method of Notice 88–100 should use
94.8390 percent to discount salvage
recoverable as of the end of the 2018
taxable year with respect to losses in-
curred in this line of business in 2008
and prior years.
Reinsurance — Nonproportional
Assumed Financial Lines
Tax Year
Discount
Factors
(%)
2008
87.1652
2009
85.9016
201089.9069
2011
78.5011
2012
90.2511
201380.2802
2014
90.4154
2015
90.8197
2016
97.5152
201798.0298
Taxpayers that do not use the compos-
ite method of Notice 88–100 should use
the following factor to discount salvage
recoverable as of the end of the tax year
shown with respect to losses incurred in
this line of business in the 2008 accident
year.
2018 and later
years
98.0298
Taxpayers that use the composite
method of Notice 88–100 should use
98.0298 percent to discount salvage
recoverable as of the end of the 2018
taxable year with respect to losses in-
curred in this line of business in 2008
and prior years.
December 8, 200812562008–49 I.R.B.

Special Property (Fire, Allied
Lines, Inland Marine, Earthquake,
Burglary and Theft)
Tax Year
Discount
Factors
(%)
200894.8844
200996.1174
Taxpayers that do not use the compos-
ite method of Notice 88–100 should use
the following factor to discount salvage
recoverable as of the end of the tax year
shown with respect to losses incurred in
this line of business in the 2008 accident
year.
2010 and later
years
98.0298
Taxpayers that use the composite
method of Notice 88–100 should use
98.0298 percent to discount salvage
recoverable as of the end of the 2010
taxable year with respect to losses in-
curred in this line of business in 2008
and prior years.
Workers’ Compensation
Tax Year
Discount
Factors
(%)
2008
88.3785
200990.4189
2010
91.2195
201191.1364
201289.6372
201388.2223
201488.8169
201588.5309
2016
90.7105
201792.4766
Taxpayers that do not use the compos-
ite method of Notice 88–100 should use
the following factors to discount salvage
recoverable as of the end of the tax year
shown with respect to losses incurred in
this line of business in the 2008 accident
year.
201894.2879
201996.1430
2020 and later
years
98.0298
Workers’ Compensation
Taxpayers that use the composite
method of Notice 88–100 should use
95.7028 percent to discount salvage
recoverable as of the end of the 2018
taxable year with respect to losses in-
curred in this line of business in 2008
and prior years.
DRAFTING INFORMATION
The principal author of this revenue
procedure is Katherine A. Hossofsky of
the Office of the Associate Chief Counsel
(Financial Institutions & Products). For
further information regarding this revenue
procedure, contact Ms. Hossofsky at (202)
622–8435 (not a toll-free call).
2008–49 I.R.B.1257December 8, 2008

Part IV. Items o
fGeneralInterest
Alcohol Fuel and Biodiesel;
Renewable Diesel; Alternative
Fuel; Diesel-Water Fuel
Emulsion; Taxable Fuel
Definitions; Excise Tax
Returns; Hearing
Announcement 2008–117
AGENCY: Internal Revenue Service
(IRS), Treasury.
ACTION: Notice of public hearing on pro-
posed rulemaking.
SUMMARY: This document provides no-
tice of public hearingonproposedregu-
lations (REG–155087–05, 2008–38 I.R.B.
726) relating to credits and payments for
alcohol mixtures, biodiesel mixtures, re-
newable diesel mixtures, alternative fuel
mixtures, and alternative fuel sold for use
or used as a fuel, as well as proposed regu-
lations relating to the definition of gasoline
and diesel fuel.
DATES: The public hearing is being
held on Monday, February 9, 2009, at
10:00 a.m. The IRS must receive outlines
of the topics to be discussed at the public
hearing by Friday, January 9, 2009.
ADDRESSES: The public hearing is being
held in the IRS Auditorium, Internal Rev-
enue Service Building, 1111 Constitution
Avenue, NW, Washington, DC 20224.
Send Submissions to CC:PA:LPD:PR
(REG–155087–05), room 5205, Internal
Revenue Service, P.O. Box 7604, Ben
Franklin Station, Washington, DC 20044.
Submissions may be hand-delivered Mon-
day through Friday to CC:PA:LPD:PR
(REG–155087–05), Courier’s Desk, In-
ternal Revenue Service, 1111 Constitu-
tion Avenue, NW, Washington, DC, or
sent electronically via the Federal eRule-
making Portal atwww.regulations.gov
(IRS–REG–155087–05).
FOR FURTHER INFORMATION
CONTACT: Concerning the regulations,
Taylor Cortright (202) 622–3130; con-
cerning submissions of comments, the
hearing and/or to beplaced on the build-
ing access list to attend the hearing
Funmi Taylor at (202) 622–7180 (not
toll-free numbers).
SUPPLEMENTARY INFORMATION:
The subject of the public hearing
is the notice of proposed rulemaking
(REG–155087–05) that was published in
theFederal Registeron Tuesday, July 29,
2008 (73 FR 43890).
The rules of 26 CFR 601.601(a)(3) ap-
ply to the hearing. Persons who wish to
present oral comments at the hearing that
submitted written comments by October
27, 2008, must submit an outline of the
topics to be addressed and the amount of
time to be denoted to each topic (signed
original and eight (8) copies)
A period of 10 minutes is allotted to
each person for presenting oral comments.
After the deadline for receiving out-
lines has passed, the IRS will prepare an
agenda containing the schedule of speak-
ers. Copies of the agenda will be made
available, free of charge, at the hearing or
in the Freedom of Information Reading
Room (FOIA RR) (Room 1621) which
is located at the 11
th
and Pennsylvania
Avenue, NW, entrance, 1111 Constitution
Avenue, NW, Washington, DC.
Because of access restrictions, the IRS
will not admit visitors beyond the imme-
diateentranceareamorethan30minutes
before the hearing starts. For informa-
tion about having your name placed on
the building access list to attend the hear-
ing, see the “FOR FURTHER INFORMA-
TION CONTACT” section of this docu-
ment.
LaNita Van Dyke,
Chief, Publications and
Regulations Branch,
Legal Processing Division,
Associate Chief Counsel
(Procedure and Administration).
(Filed by the Office of the Federal Register on November 19,
2008, 8:45 a.m., and published in the issue of the Federal
Register for November 20, 2008, 73 F.R. 70288)
Announcement of Disciplinary Sanctions From the Office
of Professional Responsibility
Announcement 2008-118
TheOfficeofProfessionalResponsi-
bility (OPR) announcesrecent disciplinary
sanctions involving attorneys, certified
public accountants, enrolled agents, en-
rolled actuaries, enrolled retirement plan
agents, and appraisers. These individuals
are subject to the regulations governing
practice before the Internal Revenue Ser-
vice (IRS), which are set out in Title 31,
Code of Federal Regulations, Part 10, and
which are published in pamphlet form as
Treasury Department Circular No. 230.
The regulations prescribe the duties and
restrictions relating to such practice and
prescribe the disciplinary sanctions for
violating the regulations.
The disciplinary sanctions to be im-
posed for violation of the regulations are:
Disbarred from practice before the
IRS—An individual who is disbarred is
not eligible to represent taxpayers before
the IRS.
Suspended from practice before the
IRS—An individual who is suspended is
not eligible to represent taxpayers before
the IRS during the term of the suspension.
Censured in practice before the
IRS—Censure is a public reprimand. Un-
like disbarment or suspension, censure
does not affect an individual’s eligibility
to represent taxpayers before the IRS, but
OPR may subject the individual’s future
representations to conditions designed to
promote high standards of conduct.
Monetary penalty—A monetary
penalty may be imposed on an individual
December 8, 200812582008–49 I.R.B.

who engages in conduct subject to sanc-
tion or on an employer, firm, or entity
if the individual was acting on its behalf
and if it knew, or reasonably should have
known, of the individual’s conduct.
Disqualification of appraiser—An
appraiser who is disqualified is barred
from presenting evidence or testimony in
any administrative proceeding before the
Department of the Treasury or the IRS.
Under the regulations, attorneys, cer-
tified public accountants, enrolled agents,
enrolled actuaries, and enrolled retirement
plan agents may not assist, or accept assis-
tance from, individuals who are suspended
or disbarred with respect to matters consti-
tuting practice (i.e., representation) before
the IRS, and they may not aid or abet sus-
pended or disbarred individuals to practice
before the IRS.
Disciplinary sanctions are described in
these terms:
Disbarred by decision after hearing,
Suspended by decision after hearing,
Censured by decision after hearing,
Monetary penalty imposed after hear-
ing, and Disqualified after hearing—An
administrative law judge (ALJ) conducted
an evidentiary hearing upon OPR’s com-
plaint alleging violation of the regulations
and issued a decision imposing one of
these sanctions. After 30 days from the
issuance of the decision, in the absence of
an appeal, the ALJ’s decision became the
final agency decision.
Disbarred by default decision, Sus-
pended by default decision, Censured by
default decision, Monetary penalty im-
posed by default decision, and Disqual-
ified by default decision—An ALJ, after
findingthatnoanswertoOPR’scomplaint
had been filed, granted OPR’s motion for a
default judgment and issued a decision im-
posing one of these sanctions.
Disbarment by decision on appeal,
Suspended by decision on appeal, Cen-
sured by decision on appeal, Monetary
penalty imposed by decision on ap-
peal, and Disqualified by decision on
appeal—The decision of the ALJ was
appealed to the agency appeal authority,
acting as the delegate of the Secretary
of the Treasury, and the appeal authority
issued a decision imposing one of these
sanctions.
Disbarred by consent, Suspended by
consent, Censured by consent, Mone-
tary penalty imposed by consent, and
Disqualified by consent—In lieu of a
disciplinary proceeding being instituted
or continued, an individual offered a con-
sent to one of these sanctions and OPR
accepted the offer. Typically, an offer
of consent will provide for: suspension
for an indefinite term; conditions that the
individual must observe during the sus-
pension; and the individual’s opportunity,
after a stated number of months, to file
with OPR a petition for reinstatement af-
firming compliance with the terms of the
consent and affirming current eligibility
to practice (i.e., an active professional
license or active enrollment status). An
enrolled agent or an enrolled retirement
plan agent may also offer to resign in order
to avoid a disciplinary proceeding.
Suspended by decision in expedited
proceeding, Suspended by default de-
cision in expedited proceeding, Sus-
pended by consent in expedited pro-
ceeding—OPR instituted an expedited
proceeding for suspension (based on cer-
tain limited grounds, including loss of a
professional license and criminal convic-
tions).
OPR has authority to disclose the
grounds for disciplinary sanctions in these
situations: (1) an ALJ or the Secretary’s
delegate on appeal has issued a decision
on or after September 26, 2007, which was
theeffectivedateofamendmentstothe
regulations that permit making such deci-
sions publicly available; (2) the individual
has settled a disciplinary case by signing
OPR’s “consent to sanction” form, which
requires consenting individuals to admit to
one or more violations of the regulations
and to consent to the disclosure of the in-
dividual’s own return information related
to the admitted violations (for example,
failure to file Federal income tax returns);
or (3) OPR has issued a decision in an
expedited proceeding for suspension.
Announcements of disciplinary sanc-
tions appear in the Internal Revenue Bul-
letin at the earliest practicable date. The
sanctions announced below are alphabet-
ized first by the names of states and sec-
ond by the last names of individuals. Un-
less otherwise indicated, section numbers
(e.g., § 10.51) refer to the regulations.
City & StateNameProfessionalDisciplinary SanctionEffective Date(s)
Designation
California
San FranciscoPortugal Leon, JorgeE. AttorneySuspended by default
decision in expedited
proceeding under § 10.82
(suspension of attorney
license)
Indefinite from
August 8, 2008
District of Columbia
Washington, DCRoberson, Jr., James O. AttorneySuspended by decision
in expedited proceeding
under § 10.82 (suspension
of attorney license in New
Jersey)
Indefinite from
October 22, 2008
2008–49 I.R.B.1259December 8, 2008

City & StateNameProfessionalDisciplinary SanctionEffective Date(s)
Designation
Illinois
DekalbErwin, Scott R.AttorneySuspended by decision
in expedited proceeding
under § 10.82 (suspension
of attorney license)
Indefinite from
October 28, 2008
Maryland
Silver SpringAlexander, Jr., DavidAttorneySuspended by default
decision in expedited
proceeding under § 10.82
(attorney disbarment)
Indefinite from
October 22, 2008
Port TobaccoThomas, Robert L.Enrolled AgentSuspended by decision
in expedited proceeding
under § 10.82 (conviction
under state law,
conspiracy to commit
bribery)
Indefinite from
October 22, 2008
PikesvilleWeinrauch, Aaron D.AttorneySuspended by default
decision in expedited
proceeding under § 10.82
(attorney disbarment)
Indefinite from
November 4, 2008
AccoceekWilbon, Bernadette M. AttorneySuspended by default
decision in expedited
proceeding under § 10.82
(suspension of attorney
license)
Indefinite from
November 4, 2008
Massachusetts
SpringfieldPellegrino, MatthewA. AttorneySuspended by decision
in expedited proceeding
under § 10.82 (suspension
of attorney license)
Indefinite from
October 22, 2008
Missouri
FlorissantAlderfer, Jr., WilliamK. AttorneySuspended by default
decision in expedited
proceeding under § 10.82
(suspension of attorney
license)
Indefinite from
November 4, 2008
BallwinDickhaus, Karl W.AttorneySuspended by default
decision in expedited
proceeding under § 10.82
(suspension of attorney
license)
Indefinite from
November 4, 2008
December 8, 200812602008–49 I.R.B.

City & StateNameProfessionalDisciplinary SanctionEffective Date(s)
Designation
Nebraska
OmahaSwitzer, Jr., William L. AttorneySuspended by default
decision in expedited
proceeding under § 10.82
(suspension of attorney
license)
Indefinite from
November 4, 2008
New Jersey
Roberson, Jr., James O.,
See District of Columbia
New York
BuffaloBrewer, Byron V.CPASuspended by default
decision in expedited
proceeding under
§ 10.82 (conviction
under 26 U.S.C. § 7203,
willful failure to file tax
return)
Indefinite from
October 22, 2008
North Carolina
OakboroHarward, Pete A.CPASuspended by default
decision in expedited
proceeding under § 10.82
(revocation of CPA
license)
Indefinite from
November 4, 2008
MooresevilleMoffett, Donna M.CPASuspended by decision
in expedited proceeding
under § 10.82 (revocation
of CPA license)
Indefinite from
November 4, 2008
Ohio
ColumbusBeerman, Jeffrey A.CPASuspended by default
decision in expedited
proceeding under § 10.82
(revocation of CPA
license)
Indefinite from
October 28, 2008
LancasterBoyer, Ronald L.CPASuspended by default
decision in expedited
proceeding under § 10.82
(revocation of CPA
license)
Indefinite from
October 28, 2008
CincinnatiBuettner, F. AllenCPASuspended by default
decision in expedited
proceeding under § 10.82
(revocation of CPA
license)
Indefinite from
October 28, 2008
2008–49 I.R.B.1261December 8, 2008

City & StateNameProfessionalDisciplinary SanctionEffective Date(s)
Designation
Ohio (Continued)
LessburgHoskins, Jeffrey J.AttorneySuspended by default
decision in expedited
proceeding under § 10.82
(attorney disbarment)
Indefinite from
October 28, 2008
MansfieldSchrack, II, JamesCPASuspended by default
decision in expedited
proceeding under § 10.82
(revocation of CPA
license)
Indefinite from
October 28, 2008
NortonStamp, James A.CPASuspended by default
decision in expedited
proceeding under § 10.82
(revocation of CPA
license)
Indefinite from
October 28, 2008
Pennsylvania
SwoyersvilleCapwell, Anthony C.CPASuspended by default
decision in expedited
proceeding under § 10.82
(suspension of CPA
license)
Indefinite from
October 28, 2008
Tennessee
BrentwoodLeckrone, James D.AttorneySuspended by default
decision in expedited
proceeding under
§ 10.82 (conviction
under 26 U.S.C. § 7201,
filing a false income tax
return)
Indefinite from
October 28, 2008
Wyoming
DouglasGottlob, John C.CPASuspended by default
decision in expedited
proceeding under § 10.82
(revocation of CPA
license)
Indefinite from
October 28, 2008
December 8, 200812622008–49 I.R.B.

Definition of Terms
Revenue rulings and revenue procedures
(hereinafter referred to as “rulings”) that
have an effect on previous rulings use the
following defined terms to describe the ef-
fect:
Amplifieddescribes a situation where
no change is being made in a prior pub-
lished position, but the prior position is be-
ingextendedtoapplytoavariationofthe
fact situation set forth therein. Thus, if
an earlier ruling held that a principle ap-
plied to A, and the new ruling holds that the
same principle also applies to B, the earlier
ruling is amplified. (Compare withmodi-
fied,below).
Clarifiedis used in those instances
where the language in a prior ruling is be-
ing made clear because the language has
caused, or may cause, some confusion.
It is not used where a position in a prior
ruling is being changed.
Distinguisheddescribes a situation
where a ruling mentions a previously pub-
lished ruling and points out an essential
difference between them.
Modifiedis used where the substance
of a previously published position is being
changed. Thus, if a prior ruling held that a
principle applied to A but not to B, and the
new ruling holds that it applies to both A
and B, the prior ruling is modified because
it corrects a published position. (Compare
withamplifiedandclarified, above).
Obsoleteddescribes a previously pub-
lished ruling that is not considered deter-
minative with respect to future transac-
tions. This term is most commonly used in
a ruling that lists previously published rul-
ings that are obsoleted because of changes
in laws or regulations. A ruling may also
be obsoleted because the substance has
been included in regulations subsequently
adopted.
Revokeddescribes situations where the
position in the previously published ruling
is not correct and the correct position is
beingstatedinanewruling.
Supersededdescribes a situation where
the new ruling does nothing more than re-
state the substance and situation of a previ-
ously published ruling (or rulings). Thus,
the term is used to republish under the
1986 Code and regulations the same po-
sition published under the 1939 Code and
regulations. The term is also used when
it is desired to republish in a single rul-
ing a series of situations, names, etc., that
were previously published over a period of
time in separate rulings. If the new rul-
ing does more than restate the substance
of a prior ruling, a combination of terms
is used. For example,modifiedandsu-
persededdescribes a situation where the
substance of a previously published ruling
is being changed in part and is continued
without change in part and it is desired to
restate the valid portion of the previously
published ruling in a new ruling that is self
contained. In this case, the previously pub-
lished ruling is first modified and then, as
modified, is superseded.
Supplementedis used in situations in
which a list, such as a list of the names of
countries, is published in a ruling and that
list is expanded by adding further names in
subsequent rulings. After the original rul-
ing has been supplemented several times, a
new ruling may be published that includes
the list in the original ruling and the ad-
ditions, and supersedes all prior rulings in
the series.
Suspendedis used in rare situations to
show that the previous published rulings
will not be applied pending some future
action such as the issuance of new or
amended regulations, the outcome of cases
in litigation, or the outcome of a Service
study.
Abbreviations
The fol
lowing abbreviations in current use
and for
merly used will appear in material
publis
hedintheBulletin.
A—Individual.
Acq.—A
cquiescence.
B—Individual.
BE—Beneficiary.
BK—Bank
.
B.T.A.—Board of Tax Appeals.
C—Individual.
C.B.—Cu
mulative Bulletin.
CFR—Code of Federal Regulations.
CI—City.
COOP—Coo
perative.
Ct.D.—Court Decision.
CY—County.
D—Decede
nt.
DC—Dummy Corporation.
DE—Donee.
Del. Order
—Delegation Order.
DISC—Domestic International Sales Corporation.
DR—Donor.
E—Estate.
EE—Employee.
E.O.—Executive Order.
ER—Emp
loyer.
ERISA—Employee Retirement Income Security Act.
EX—Executor.
F—Fiduc
iary.
FC—Foreign Country.
FICA—Federal Insurance Contributions Act.
FISC—Fo
reign International Sales Company.
FPH—Foreign Personal Holding Company.
F.R.—Federal Register.
FUTA—Fed
eral Unemployment Tax Act.
FX—Foreign corporation.
G.C.M.—Chief Counsel’s Memorandum.
GE—Grante
e.
GP—General Partner.
GR—Grantor.
IC—Insura
nce Company.
I.R.B.—Internal Revenue Bulletin.
LE—Lessee.
LP—Limited
Partner.
LR—Lessor.
M—Minor.
Nonacq.—No
nacquiescence.
O—Organization.
P—Parent Corporation.
PHC—Persona
l Holding Company.
PO—Possession of the U.S.
PR—Partner.
PRS—Pa
rtnership.
PTE—Prohibited Transaction Exemption.
Pub. L.—Public Law.
REIT—Re
al Estate Investment Trust.
Rev. Proc.—Revenue Procedure.
Rev. Rul.—Revenue Ruling.
S—Subsi
diary.
S.P.R.—Statement of Procedural Rules.
Stat.—Statutes at Large.
T—Target
Corporation.
T.C.—Tax Court.
T.D.—Treasury Decision.
TFE—Trans
feree.
TFR—Transferor.
T.I.R.—Technical Information Release.
TP—Taxpay
er.
TR—Trust.
TT—Trustee.
U.S.C.—Uni
ted States Code.
X—Corporation.
Y—Corporation.
Z—Corporat
ion.
2008–49 I.R.B.iDecember 8, 2008

Numerical Finding List
1
Bulletins 2008–27 through 2008–49
Announcements:
2008-62, 2008-27 I.R.B.74
2008-63, 2008-28 I.R.B.114
2008-64, 2008-28 I.R.B.114
2008-65, 2008-31 I.R.B.279
2008-66, 2008-29 I.R.B.164
2008-67, 2008-29 I.R.B.164
2008-68, 2008-30 I.R.B.244
2008-69, 2008-32 I.R.B.318
2008-70, 2008-32 I.R.B.318
2008-71, 2008-32 I.R.B.321
2008-72, 2008-32 I.R.B.321
2008-73, 2008-33 I.R.B.391
2008-74, 2008-33 I.R.B.392
2008-75, 2008-33 I.R.B.392
2008-76, 2008-33 I.R.B.393
2008-77, 2008-33 I.R.B.394
2008-78, 2008-34 I.R.B.453
2008-79, 2008-35 I.R.B.568
2008-80, 2008-37 I.R.B.706
2008-81, 2008-37 I.R.B.706
2008-82, 2008-37 I.R.B.708
2008-83, 2008-37 I.R.B.709
2008-84, 2008-38 I.R.B.748
2008-85, 2008-38 I.R.B.749
2008-86, 2008-40 I.R.B.843
2008-87, 2008-40 I.R.B.843
2008-88, 2008-40 I.R.B.843
2008-89, 2008-40 I.R.B.844
2008-90, 2008-41 I.R.B.896
2008-91, 2008-42 I.R.B.963
2008-92, 2008-42 I.R.B.963
2008-93, 2008-41 I.R.B.896
2008-94, 2008-42 I.R.B.964
2008-95, 2008-42 I.R.B.964
2008-96, 2008-43 I.R.B.1010
2008-97, 2008-43 I.R.B.1010
2008-98, 2008-44 I.R.B.1087
2008-99, 2008-44 I.R.B.1089
2008-100, 2008-44 I.R.B.1090
2008-101, 2008-44 I.R.B.1090
2008-102, 2008-43 I.R.B.1011
2008-103, 2008-46 I.R.B.1161
2008-104, 2008-45 I.R.B.1136
2008-105, 2008-48 I.R.B.1219
2008-106, 2008-45 I.R.B.1137
2008-107, 2008-46 I.R.B.1162
2008-108, 2008-46 I.R.B.1165
2008-109, 2008-46 I.R.B.1166
2008-110, 2008-48 I.R.B.1224
2008-111, 2008-48 I.R.B.1224
2008-112, 2008-47 I.R.B.
1199
2008-113, 2008-47 I.R.B.1199
Announcements— Continued:
2008-114, 2008-48 I.R.B.1226
2008-115, 2008-48 I.R.B.1228
2008-116, 2008-48 I.R.B.1230
2008-117, 2008-49 I.R.B.1258
2008-118, 2008-49 I.R.B.1258
Court Decisions:
2087, 2008-41 I.R.B.845
Notices:
2008-55, 2008-27 I.R.B.11
2008-56, 2008-28 I.R.B.79
2008-57, 2008-28 I.R.B.80
2008-58, 2008-28 I.R.B.81
2008-59, 2008-29 I.R.B.123
2008-60, 2008-30 I.R.B.178
2008-61, 2008-30 I.R.B.180
2008-62, 2008-29 I.R.B.130
2008-63, 2008-31 I.R.B.261
2008-64, 2008-31 I.R.B.268
2008-65, 2008-30 I.R.B.182
2008-66, 2008-31 I.R.B.270
2008-67, 2008-32 I.R.B.307
2008-68, 2008-34 I.R.B.418
2008-69, 2008-34 I.R.B.419
2008-70, 2008-36 I.R.B.575
2008-71, 2008-35 I.R.B.462
2008-72, 2008-43 I.R.B.998
2008-73, 2008-38 I.R.B.717
2008-74, 2008-38 I.R.B.718
2008-75, 2008-38 I.R.B.719
2008-76, 2008-39 I.R.B.768
2008-77, 2008-40 I.R.B.814
2008-78, 2008-41 I.R.B.851
2008-79, 2008-40 I.R.B.815
2008-80, 2008-40 I.R.B.820
2008-81, 2008-41 I.R.B.852
2008-82, 2008-41 I.R.B.853
2008-83, 2008-42 I.R.B.905
2008-84, 2008-41 I.R.B.855
2008-85, 2008-42 I.R.B.905
2008-86, 2008-42 I.R.B.925
2008-87, 2008-42 I.R.B.930
2008-88, 2008-42 I.R.B.933
2008-89, 2008-43 I.R.B.999
2008-90, 2008-43 I.R.B.1000
2008-91, 2008-43 I.R.B.1001
2008-92, 2008-43 I.R.B.1001
2008-93, 2008-43 I.R.B.1002
2008-94, 2008-44 I.R.B.1070
2008-95, 2008-44 I.R.B.1076
2008-96, 2008-44 I.R.B.1077
2008-97, 2008-44 I.R.B.1080
2008-98, 2008-44 I.R.B.1080
2008-99, 2008-47 I.R.B.1194
Notices— Continued:
2008-100, 2008-44 I.R.B.1081
2008-101, 2008-44 I.R.B.1082
2008-102, 2008-45 I.R.B.1106
2008-103, 2008-46 I.R.B.1156
2008-105, 2008-48 I.R.B.1208
2008-106, 2008-49 I.R.B.1239
Proposed Regulations:
REG-209006-89, 2008-41 I.R.B.867
REG-157711-02, 2008-44 I.R.B.1087
REG-143544-04, 2008-42 I.R.B.947
REG-160868-04, 2008-45 I.R.B.1115
REG-161695-04, 2008-37 I.R.B.699
REG-164965-04, 2008-34 I.R.B.450
REG-142339-05, 2008-45 I.R.B.1116
REG-143453-05, 2008-32 I.R.B.310
REG-146895-05, 2008-37 I.R.B.700
REG-155087-05, 2008-38 I.R.B.726
REG-164370-05, 2008-46 I.R.B.1157
REG-142680-06, 2008-35 I.R.B.565
REG-156779-06, 2008-46 I.R.B.1160
REG-120476-07, 2008-36 I.R.B.679
REG-120844-07, 2008-39 I.R.B.770
REG-128841-07, 2008-45 I.R.B.1124
REG-129243-07, 2008-27 I.R.B.32
REG-138355-07, 2008-32 I.R.B.311
REG-140029-07, 2008-40 I.R.B.828
REG-142040-07, 2008-34 I.R.B.451
REG-142333-07, 2008-43 I.R.B.1008
REG-149404-07, 2008-40 I.R.B.839
REG-149405-07, 2008-27 I.R.B.73
REG-100464-08, 2008-32 I.R.B.313
REG-101258-08, 2008-28 I.R.B.111
REG-102122-08, 2008-31 I.R.B.278
REG-102822-08, 2008-38 I.R.B.744
REG-103146-08, 2008-37 I.R.B.701
REG-106251-08, 2008-39 I.R.B.774
REG-107318-08, 2008-45 I.R.B.1131
REG-115457-08, 2008-33 I.R.B.390
REG-118327-08, 2008-48 I.R.B.1218
REG-121698-08, 2008-29 I.R.B.163
Revenue Procedures:
2008-32, 2008-28 I.R.B.82
2008-33, 2008-28 I.R.B.93
2008-34, 2008-27 I.R.B.13
2008-35, 2008-29 I.R.B.132
2008-36, 2008-33 I.R.B.340
2008-37, 2008-29 I.R.B.137
2008-38, 2008-29 I.R.B.139
2008-39, 2008-29 I.R.B.143
2008-40, 2008-29 I.R.B.151
2008-41, 2008-29 I.R.B.155
2008-42, 2008-29 I.R.B.160
2008-43, 2008-30 I.R.B.186
1
A cumulative list of all revenue rulings, revenueprocedures, Treasury decisions, etc., publishedin Internal Revenue Bulletins 2008–1 through 2008–26 is in Internal Revenue Bulletin
2008–26, dated June 30, 2008.
December 8, 2008ii2008–49 I.R.B.

Revenue Procedures— Continued:
2008-44, 2008-30 I.R.B.187
2008-45, 2008-30 I.R.B.224
2008-46, 2008-30 I.R.B.238
2008-47, 2008-31 I.R.B.272
2008-48, 2008-36 I.R.B.586
2008-49, 2008-34 I.R.B.423
2008-50, 2008-35 I.R.B.464
2008-51, 2008-35 I.R.B.562
2008-52, 2008-36 I.R.B.587
2008-53, 2008-36 I.R.B.678
2008-54, 2008-38 I.R.B.722
2008-55, 2008-39 I.R.B.768
2008-56, 2008-40 I.R.B.826
2008-57, 2008-41 I.R.B.855
2008-58, 2008-41 I.R.B.856
2008-59, 2008-41 I.R.B.857
2008-60, 2008-43 I.R.B.1006
2008-61, 2008-42 I.R.B.934
2008-62, 2008-42 I.R.B.935
2008-63, 2008-42 I.R.B.946
2008-64, 2008-47 I.R.B.1195
2008-65, 2008-44 I.R.B.1082
2008-66, 2008-45 I.R.B.1107
2008-67, 2008-48 I.R.B.1211
2008-69, 2008-48 I.R.B.1217
2008-70, 2008-49 I.R.B.1240
2008-71, 2008-49 I.R.B.1251
Revenue Rulings:
2008-32, 2008-27 I.R.B.6
2008-33, 2008-27 I.R.B.8
2008-34, 2008-28 I.R.B.76
2008-35, 2008-29 I.R.B.116
2008-36, 2008-30 I.R.B.165
2008-37, 2008-28 I.R.B.77
2008-38, 2008-31 I.R.B.249
2008-39, 2008-31 I.R.B.252
2008-40, 2008-30 I.R.B.166
2008-41, 2008-30 I.R.B.170
2008-42, 2008-30 I.R.B.175
2008-43, 2008-31 I.R.B.258
2008-44, 2008-32 I.R.B.292
2008-45, 2008-34 I.R.B.403
2008-46, 2008-36 I.R.B.572
2008-47, 2008-39 I.R.B.760
2008-48, 2008-38 I.R.B.713
2008-49, 2008-40 I.R.B.811
2008-50, 2008-45 I.R.B.1098
2008-51, 2008-47 I.R.B.1171
2008-52, 2008-49 I.R.B.1233
2008-53, 2008-49 I.R.B.1231
Social Security Contribution and Benefit
Base; Domestic Employee Coverage
Threshold:
2008-103, 2008-46 I.R.B.1156
Treasury Decisions:
9401, 2008-27 I.R.B.1
9402, 2008-31 I.R.B.254
9403, 2008-32 I.R.B.285
9404, 2008-32 I.R.B.280
9405, 2008-32 I.R.B.293
9406, 2008-32 I.R.B.287
9407, 2008-33 I.R.B.330
9408, 2008-33 I.R.B.323
9409, 2008-29 I.R.B.118
9410, 2008-34 I.R.B.414
9411, 2008-34 I.R.B.398
9412, 2008-37 I.R.B.687
9413, 2008-34 I.R.B.404
9414, 2008-35 I.R.B.454
9415, 2008-36 I.R.B.570
9416, 2008-46 I.R.B.1142
9417, 2008-37 I.R.B.693
9418, 2008-38 I.R.B.713
9419, 2008-40 I.R.B.790
9420, 2008-39 I.R.B.750
9421, 2008-39 I.R.B.755
9422, 2008-42 I.R.B.898
9423, 2008-43 I.R.B.966
9424, 2008-44 I.R.B.1012
9425, 2008-45 I.R.B.1100
9426, 2008-46 I.R.B.1153
9427, 2008-47 I.R.B.1179
9428, 2008-47 I.R.B.1174
9429, 2008-47 I.R.B.1167
9430, 2008-48 I.R.B.1205
9431, 2008-49 I.R.B.1235
9432, 2008-49 I.R.B.1236
2008–49 I.R.B.iiiDecember 8, 2008

Finding List of Current Actions on
Previously Published Items
1
Bulletins 2008–27 through 2008–49
Announcements:
2008-19
Superseded by
Ann. 2008-95, 2008-42 I.R.B.964
2008-64
Corrected by
Ann. 2008-71, 2008-32 I.R.B.321
2008-72
Corrected by
Ann. 2008-78, 2008-34 I.R.B.453
Notices:
88-80
Modified by
Notice 2008-79, 2008-40 I.R.B.815
99-48
Superseded by
Rev. Proc. 2008-40, 2008-29 I.R.B.151
2000-9
Obsoleted by
Rev. Proc. 2008-41, 2008-29 I.R.B.155
2004-2
Amplified by
Notice 2008-59, 2008-29 I.R.B.123
2004-50
Amplified by
Notice 2008-59, 2008-29 I.R.B.123
2005-11
Superseded by
T.D. 9425, 2008-45 I.R.B.1100
2005-91
Obsoleted by
T.D. 9422, 2008-42 I.R.B.898
2006-88
Modified and superseded by
Notice 2008-60, 2008-30 I.R.B.178
2007-22
Amplified by
Notice 2008-59, 2008-29 I.R.B.123
2007-36
Clarified, modified, and amplified by
Rev. Proc. 2008-54, 2008-38 I.R.B.722
2007-52
Updated and amplified by
Notice 2008-96, 2008-44 I.R.B.1077
2007-53
Updated by
Notice 2008-97, 2008-44 I.R.B.1080
Notices— Continued:
2008-41
Amended and supplemented by
Notice 2008-88, 2008-42 I.R.B.933
Proposed Regulations:
REG-161695-04
Corrected by
Ann. 2008-92, 2008-42 I.R.B.963
REG-143453-05
Hearing cancelled by
Ann. 2008-96, 2008-43 I.R.B.1010
REG-155087-05
Hearing scheduled by
Ann. 2008-117, 2008-49 I.R.B.1258
REG-129243-07
Corrected by
Ann. 2008-75, 2008-33 I.R.B.392
REG-151135-07
Hearing scheduled by
Ann. 2008-64, 2008-28 I.R.B.114
REG-101258-08
Corrected by
Ann. 2008-73, 2008-33 I.R.B.391
REG-102822-08
Hearing cancelled by
Ann. 2008-116, 2008-48 I.R.B.1230
REG-103146-08
Hearing scheduled by
Ann. 2008-102, 2008-43 I.R.B.1011
REG-115457-08
Hearing scheduled by
Ann. 2008-108, 2008-46 I.R.B.1165
Revenue Procedures:
92-25
Superseded by
Rev. Proc. 2008-41, 2008-29 I.R.B.155
92-83
Obsoleted by
Rev. Proc. 2008-37, 2008-29 I.R.B.137
2001-10
Section 6.02(1)(a) modified and amplified by
Rev. Proc. 2008-52, 2008-36 I.R.B.587
2001-42
Superseded by
Rev. Proc. 2008-39, 2008-29 I.R.B.143
2002-9
Clarified, modified, amplified, and superseded by
Rev. Proc. 2008-52, 2008-36 I.R.B.587
Modified and amplified by
Rev. Proc. 2008-43, 2008-30 I.R.B.186
Revenue Procedures— Continued:
2002-28
Section 7.02(1)(a) modified and amplified by
Rev. Proc. 2008-52, 2008-36 I.R.B.587
2002-44
Modified by
Ann. 2008-111, 2008-48 I.R.B.1224
2002-64
Superseded by
Rev. Proc. 2008-55, 2008-39 I.R.B.768
2004-44
Superseded by
Rev. Proc. 2008-67, 2008-48 I.R.B.1211
2005-29
Superseded by
Rev. Proc. 2008-49, 2008-34 I.R.B.423
2006-27
Modified and superseded by
Rev. Proc. 2008-50, 2008-35 I.R.B.464
2006-29
Superseded by
Rev. Proc. 2008-34, 2008-27 I.R.B.13
2006-34
Superseded by
Rev. Proc. 2008-44, 2008-30 I.R.B.187
2006-44
Modified by
Ann. 2008-111, 2008-48 I.R.B.1224
2007-9
Modified by
Rev. Proc. 2008-70, 2008-49 I.R.B.1240
2007-14
Superseded by
Rev. Proc. 2008-52, 2008-36 I.R.B.587
2007-19
Superseded by
Rev. Proc. 2008-39, 2008-29 I.R.B.143
2007-37
Updated by
Rev. Proc. 2008-62, 2008-42 I.R.B.935
2007-42
Superseded by
Rev. Proc. 2008-32, 2008-28 I.R.B.82
2007-43
Superseded by
Rev. Proc. 2008-33, 2008-28 I.R.B.93
2007-44
Modified by
Rev. Proc. 2008-56, 2008-40 I.R.B.826
1
A cumulative list of current actions on previously published items in Internal Revenue Bulletins 2008–1 through 2008–26 is in Internal Revenue Bulletin 2008–26, dated June 30, 2008.
December 8, 2008iv2008–49 I.R.B.

Revenue Procedures— Continued:
2007-49
Section 3 modified and superseded by
Rev. Proc. 2008-50, 2008-35 I.R.B.464
2007-50
Superseded by
Rev. Proc. 2008-36, 2008-33 I.R.B.340
2007-63
Superseded by
Rev. Proc. 2008-59, 2008-41 I.R.B.857
2007-66
Modified and superseded by
Rev. Proc. 2008-54, 2008-38 I.R.B.722
2007-70
Modified by
Ann. 2008-63, 2008-28 I.R.B.114
2007-72
Amplified and superseded by
Rev. Proc. 2008-47, 2008-31 I.R.B.272
2008-3
Modified and amplified by
Rev. Proc. 2008-61, 2008-42 I.R.B.934
2008-4
Modified by
Rev. Proc. 2008-67, 2008-48 I.R.B.1211
2008-10
Modified by
Rev. Proc. 2008-70, 2008-49 I.R.B.1240
2008-12
Modified and superseded by
Rev. Proc. 2008-35, 2008-29 I.R.B.132
2008-43
Modified by
Rev. Proc. 2008-52, 2008-36 I.R.B.587
2008-52
Modified by
Ann. 2008-84, 2008-38 I.R.B.748
Revenue Rulings:
67-213
Amplified by
Rev. Rul. 2008-40, 2008-30 I.R.B.166
71-234
Modified by
Rev. Proc. 2008-43, 2008-30 I.R.B.186
76-273
Obsoleted by
T.D. 9414, 2008-35 I.R.B.454
77-480
Modified by
Rev. Proc. 2008-43, 2008-30 I.R.B.186
Revenue Rulings— Continued:
82-105
Obsoleted by
T.D. 9414, 2008-35 I.R.B.454
91-17
Amplified by
Rev. Proc. 2008-41, 2008-29 I.R.B.155
Rev. Proc. 2008-42, 2008-29 I.R.B.160
Superseded in part by
Rev. Proc. 2008-40, 2008-29 I.R.B.151
2005-6
Amplified by
Rev. Proc. 2008-38, 2008-29 I.R.B.139
2006-57
Modified by
Notice 2008-74, 2008-38 I.R.B.718
2008-3
Supplemented and superseded by
Rev. Rul. 2008-52, 2008-49 I.R.B.1233
2008-12
Amplified by
Rev. Rul. 2008-38, 2008-31 I.R.B.249
Clarified by
Ann. 2008-65, 2008-31 I.R.B.279
Treasury Decisions:
8073
Corrected by
Ann. 2008-99, 2008-44 I.R.B.1089
9391
Corrected by
Ann. 2008-74, 2008-33 I.R.B.392
9417
Corrected by
Ann. 2008-91, 2008-42 I.R.B.963
9424
Corrected by
Ann. 2008-114, 2008-48 I.R.B.1226
2008–49 I.R.B.vDecember 8, 2008

December 8, 20082008–49 I.R.B.

2008–49 I.R.B.December 8, 2008

December 8, 20082008–49 I.R.B.

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