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

T.D. 9469, page 687. Final regulations under section 108 of the Code provide guidance on the manner in which an S corporation reduces its tax attributes under section 108(b) for taxable years in which the S corporation has discharge of indebtedness income that is excluded from gross income under section 108(a).

Notice 2009–89, page 714. This notice sets forth a process that allows manufactures to certify to the Service that a particular vehicle meets the requirements of section 30D of the Code. Taxpayers purchasing such vehicles can rely on the domestic manufacturer’s (or, in the case of a foreign manufacturer, its domestic distributor’s) certification that a particular make, model, and model year of vehicle qualifies as a plug-in electric drive motor vehicle under section 30D, and certification of the amount of the credit allowable with respect to the vehicle. The notice also defines when the amended section 30D applies. Notices 2009–54 and 2009–58 amplified.

EMPLOYEE PLANS

T.D. 9464, page 692. REG–123829–08, page 719. Final, temporary, and proposed regulations under section 9802 of the Code provide guidance on the requirements that group health plans not charge higher rates based on genetic information, not request or require individuals to undergo genetic tests, and not collect or use genetic information for underwriting purposes.

Finding Lists begin on page ii. Index for July through November begins on page iv.