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. 9587, page 953. Final regulations under section 42 of the Code provide guidance concerning taxpayers’ request to housing credit agencies to obtain a qualified contract for the acquisition of a low-income housing credit building.

EMPLOYEE PLANS

REG–117645–12, page 965. This document requests public comments regarding the use of stop loss insurance under section 9815 of the Code by group health plans and their plan sponsors.

Notice 2012–36, page 962. 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 May 2012; the 24-month average segment rates; the funding transitional segment rates applicable for May 2012; and the minimum present value transitional rates for April 2012.

EXCISE TAX

REG–117645–12, page 965. This document requests public comments regarding the use of stop loss insurance under section 9815 of the Code by group health plans and their plan sponsors.

Finding Lists begin on page ii. Index for January through May begins on page v.