Revenue Procedure 2007-59 that permits certain partnerships to aggregate gains and losses from an expanded class of qualified financial assets for purposes of making reverse § 704© allocations under § 1.704-3(e)(3) of the Income Tax Regulations.
https://www.irs.gov/pub/irs-drop/rp-07-59.pdf
Revenue Procedure 2007-63 updates the rules for determining the amount of an employee’s ordinary and necessary business expenses for lodging, meals, and incidental expenses incurred while traveling away from home that are deemed substantiated under § 1.274-5 of the Income Tax Regulations.
https://www.irs.gov/pub/irs-drop/rp-07-63.pdf
Revenue Procedure 2007-64 makes two modifications to the procedures in Rev. Proc. 2006-45 under which a corporation may obtain automatic approval from the Commissioner to change an annual accounting period under section 442 of the Code. This revenue procedure modifies the scope provision in section 4,02(13) of Rev. Proc. 2006-45 regarding a corporation that exits a consolidated group, and also modifies section 6.02 regarding the terms and conditions relating to record keeping and book conformity that apply for certain annual accounting period changes by a controlled foreign corporation. Rev. Proc. 2006-45 modified.
https://www.irs.gov/pub/irs-drop/rp-07-64.pdf
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