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. 9495, page 477. Final regulations under section 1397E of the Code provide guidance to issuers that issued qualified zone academy bonds (QZABs) on or before October 3, 2008, relating to expenditures of bond proceeds, arbitrage, information reporting, remedial actions for situations when QZAB proceeds are not used for a qualified purpose, and certain other miscellaneous rules.

T.D. 9496, page 484. Final regulations under section 6050W of the Code relate to information reporting requirements, information reporting penalties, and backup withholding requirements for payment card and third party network transactions.

Notice 2010–67, page 529. This notice provides transitional relief from the information reporting requirements in section 6045A of the Code that apply to transfers of securities by brokers and other custodians.

EMPLOYEE PLANS

T.D. 9494, page 500. REG–125592–10, page 556. Final, temporary, and proposed regulations under section 9815 of the Code provide guidance concerning the requirements for internal claims and appeals and external review processes for group health plans and health insurance issuers under the Affordable Care Act.

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