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.

SPECIAL ANNOUNCEMENT

Announcement 2010–21, page 551. This document contains the annual report to the public concerning Advance Pricing Agreements (APAs) and the experience of the APA Program during calendar year 2009. This document does not provide guidance regarding the application of the arm’s length standard. Instead, it reports on the structure and activities of the APA Program.

INCOME TAX

Notice 2010–27, page 531. This notice provides adjusted limitations on housing for tax year 2010 for purposes of section 911 of the Code. Notices 2006–87, 2007–25, 2007–77, and 2008–107 superseded.

Notice 2010–28, page 541. This notice provides interim guidance on stripping transactions for qualified tax credit bonds under section 54A of the Code and on certain income tax accounting matters associated with holding and stripping qualified tax credit bonds. In addition, this notice describes associated information reporting requirements and solicits public comments.

Notice 2010–29, page 547. This notice provides interim rules to the issuers of variable annuity contracts on issues that arise under sections 807 and 816 of the Code as a result of the adoption of Actuarial Guideline XLIII.

Announcements of Disbarments and Suspensions begin on page 588. Finding Lists begin on page ii.