Federal rates; adjusted federal rates; adjusted federal long-term rate and the long-term exempt rate. For purposes of sections 382, 642, 1274, 1288, and other sections of the Code, tables set forth the rates for January 2009.

Basis determination. This notice sets forth the substance of the guidance that the IRS currently contemplates issuing regarding the determination of basis in stock that is acquired in reorganizations described in section 368(a)(1)(B) of the Code and other transferred basis transactions.

This procedure provides a safe harbor under which the Service will not challenge the treatment of a payment or excess amount received by a money market fund from a fund advisor before January 1, 2010, if the money market fund treats the payment or excess amount, as applicable, as short-term capital gain in the taxable year in which it is received.