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. 2009–36, page 650. 2009 base period T-bill rate. The “base period T-bill rate” for the period ending September 30, 2009, is published as required by section 995(f) of the Code.

REG–135005–07, page 681. Proposed regulations under section 1563 of the Code clarify which corporations are included in a controlled group of corporations. The regulations clarify that a corporation that satisfies the controlled group rules for stock ownership and qualification is a member of such group, without regard to its status as a component member.

EMPLOYEE PLANS

Notice 2009–88, page 654. Weighted average interest rate update; corporate bond indices; 30-year Treasury securities; segment rates. This notice contains updates for the corporate bond weighted average interest rate for plan years beginning in November 2009; the 24-month average segment rates; the funding transitional segment rates applicable for November 2009; and the minimum present value transitional rates for October 2009.

Announcements of Disbarments and Suspensions begin on page 683. Finding Lists begin on page ii.