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. 2005–43, page 88. Obsolete revenue procedures and revenue rulings. This ruling obsoletes Rev. Proc. 64–54, and several subsequent rulings because they only apply to tax years prior to January 1, 1965, and are therefore no longer determinative with respect to future transactions. Rev. Procs. 64–54, 66–33, 69–13, 71–1, and 72–22 and Rev. Ruls. 65–109 and 68–549 obsoleted.

Rev. Rul. 2005–44, page 87. Low-income housing credit; satisfactory bond; “bond factor” amounts for the period January through Septem- ber 2005. This ruling provides the monthly bond factor amounts to be used by taxpayers who dispose of qualified low-income buildings or interests therein during the period January through September 2005.

TAX CONVENTIONS

Rev. Proc. 2005–44, page 110. This procedure obsoletes Rev. Procs. that describe the representations that a nonresident alien student, teacher, or researcher at a university must make to claim an exemption from withholding tax on personal services income under the provisions of specific U.S. income tax treaties. Rev. Procs. 87–8, 87–9, and 93–22 obsoleted.

Announcements of Disbarments and Suspensions begin on page 111. Finding Lists begin on page ii.