Bulletin No. 2010-26 June 28, 2010

tax benefits. The regulations achieve this result by amending the section 1.704–3(a)(10) anti-abuse rule to provide that the tax effect of an allocation method (or combination of methods) on both direct and indirect partners is considered. In addition, the regulations include a cross-reference to the general partnership anti-abuse rule of section 1.701–2 to clarify that section 1.704–3 applies only to contributions of property that are otherwise respected and that one factor that will be considered is the use of remedial allocations between related partners.

EMPLOYEE PLANS

Notice 2010–47, page 781. 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 June 2010; the 24–month average segment rates; the funding transitional segment rates applicable for June 2010; and the minimum present value transitional rates for May 2010.