notice

Part III. Administrative, Procedural, and Miscellaneous

Information Reporting by
Organizations That Receive
Charitable Contributions of
Certain Motor Vehicles, Boats,
and Airplanes
Notice 2007-70
SECTION 1. PURPOSE
This notice provides information on
where to file a completed Form 1098-C,
Contributions of Motor Vehicles, Boats,
and Airplanes, an information form used
by a donee organization to report a con­
tribution of a qualified vehicle with a
claimed value of more than $500, for cal­
endar years ending on or after December
31, 2008. This notice changes where to file
a completed Form I098-C as described in
Section 3 of Notice 2006-1,2006-1 CB.
347.
SECTION 2. BACKGROUND
Notice 2006-1,2006-1 CB. 347, pro­
vides guidance on the reporting require­
ments under § 170(f)(l2)(D) of the Inter­
nal Revenue Code, which apply to any
donee organization that receives a contri­
bution of a qualified vehicle after Decem­
ber 31, 2004, the claimed value of which
is more than $500. Notice 2006-1, Sec­
tion 3, provides that if a donee organi­
zation receives a contribution of a quali­
fied vehicle, with a claimed value of more
than $500, after December 31, 2004, the
donee organization is required to provide
a contemporaneous written acknowledg­
ment to the donor. Notice 2006-1 spec­
ifies that the donee organization may use
a completed Form 1098-C, Contributions
of Motor Vehicles, Boats, and Airplanes,
for the contemporaneous written acknowl­
edgment. The notice also specifies that the
Form 1098-C along with Form 1096, An­
nual Summary and Transmittal of u.s. In­
formation Returns, be filed with the Inter­
nal Revenue Service Center, Ogden, UT
84201-0027.

2007-40 I.R.B.

SECTION 3. WHERE TO FILE A
FORM 1098-C, CONTRIBUTIONS OF
MOTOR VEHICLES, BOATS, AND
AIRPLANES
All Forms 1098-C, Contributions of
Motor Vehicles, Boats, and Airplanes,
along with Form 1096, Annual Summary
and Transmittal of u.s. Information Re­
turns, filed after December 31, 2007, must
be filed with the Internal Revenue Service
Center, Kansas City, MO 64999. The In­
ternal Revenue Service Center at Ogden
remains the location for Form 1098-C
filed on or before December 3 1, 2007.
Future changes to the filing location for
Form I098-C will be announced and
placed in the instructions to Form 1096,
Annual Summary and Transmittal of u.s.
Information Returns.
The filing instructions for Form
1098-C in Section 3 of Notice 2006-1,
2006-1 CB. 347, are hereby modified.
SECTION 4. DRAFTING
INFORMATION
The principal author of this notice is
Carolyn Ibok of Exempt Organizations,
Tax Exempt and Government Entities Di­
vision. For further information regarding
this notice, contact Carolyn Ibok at (202)
283-8923 (not a toll-free call).

Qualified Transportation
Fringes
Notice 2007-76
The purpose of this notice is to de­
lay the effective date of Revenue Ruling
2006-57, 2006--47 IKB. 911. Revenue
Ruling 2006-57 provides guidance to em­
ployers on the use of smartcards, debit or
credit cards, or other electronic media to
provide qualified transportation fringes
under Internal Revenue Code §§ 132(a)(5)
and 132(f). Treasury and the IRS have
become aware that certain transit sys­
tems may need additional time to modify
their technology and make it compati­
ble with the requirements for vouchers
set forth in Revenue Ruling 2006-57.

735

Therefore, the ruling's effective date,
which was set for January I, 2008, is de­
layed to January I, 2009. Nevertheless,
employers and employees may rely on
Revenue Ruling 2006-57 with respect to
transactions occurring prior to January I,
2009. The principal author of this no­
tice is Michael R. Skutley of the Office
of Associate Chief Counsel (Tax Exempt
& Government Entities). For further in­
formation regarding this notice, contact
Mr. Skutley at (202) 622-6040 (not a
toll-free call).

Determination of Housing Cost
Amounts Eligible for Exclusion
or Deduction for 2007
Notice 2007-77
SECTION 1. PURPOSE
This notice provides adjustments to the
limitation on housing expenses for pur­
poses of section 911 of the Internal Rev­
enue Code (Code) for specific locations for
2007. These adjustments are made on the
basis of geographic differences in housing
costs relative to housing costs in the United
States.
SECTION 2. BACKGROUND
Section 911 (a) of the Code allows a
qualified individual to elect to exclude
from gross income the foreign earned in­
come and housing cost amount of such
individual. Section 911(c)(l) defines the
term "housing cost amount" as an amount
equal to the excess of (A) the housing
expenses of an individual for the taxable
year to the extent such expenses do not
exceed the amount determined under sec­
tion 911(c)(2), over (B) 16 percent of the
exclusion amount (computed on a daily
basis) in effect under section 9II(b)(2)(D)
for the calendar year in which such taxable
year begins ($70.44 per day for 2007, or
$85,700 for the full year), multiplied by
the number of days of that taxable year
within the applicable period described in
section 911 (d)(l). The applicable period
is the period during which the individual

October 1, 2007