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. 97–20, page 4. Medical savings accounts—high-deductible plan. Guidance is given concerning the definition of the term ‘‘high-deductible plan’’ under section 220(c)(2)(A)(ii) of the Code.

EXCISE TAX

T.D. 8716, page 5. REG–253578–96, page 93. Temporary and proposed regulations relate to group health plan portability, access, and renewability requirements added to section 9801 of the Code by the Health Insurance Portability and Accountability Act of 1996.

Finding Lists begin on page 97. Announcement of Disbarments and Suspensions begins on page 95.