This week, Ed Zollars covers the following topics and others this week:

• IRS News Release 2007-190 - To remind churches and nonprofits 501(c)3 on what they can and can’t do related to the upcoming elections.
• IRS News Release 2007-191 – Honda has joined Toyota which has exceeded the quota sold of hybrid vehicles and therefore beginning during the first quarter, credit will be reduced sold, reduced or eliminate credit for Hybrid vehicle purchases.
• IRS Notice 2007-47 Social Security Administration released computation on new limitations for 2008.