INCOME TAX

T.D. 9522, page 780. Final regulations under section 1563 of the Code, that apply to a controlled group of corporations, 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.

Notice 2011–37, page 785. This notice extends to taxable years that begin before the date that final regulations under regulations section 1.67–4 are published in the Federal Register, the interim guidance provided in Notice 2010–32, 2010–16 I.R.B. 594, Notice 2008–166, 2008–52 I.R.B. 1372, and Notice 2008–32, 2008–11 I.R.B 593, on the treatment under section 67 of the Code of investment advisory costs and other costs subject to the 2-percent floor under section 67(a) that are integrated as part of one commission or fee paid to the trustee or executor and are incurred by a trust other than a grantor trust or an estate. Notice 2010–32 modified and superseded.

Announcement 2011–30, page 791. This announcement contains a rescheduled notice of public hearing on proposed regulations (REG–146097–09, 2011–8 I.R.B. 516) providing guidance on the reporting requirements for interest on deposits maintained at U.S. offices of certain financial institutions and paid to nonresident alien individuals. A public hearing is rescheduled for May 18, 2011.

Finding Lists begin on page ii.