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

Rev. Rul. 2013–23, page 590. Section 1274A - inflation adjusted numbers for 2014. This ruling provides the dollar amounts, increased by the 2014 inflation adjustment, for section 1274A of the Code. Rev. Rul. 2012–33 is supplemented and superseded.

T.D. 9639, page 588. These final regulations under section 1001 explain when the transfer or assignment of certain derivative contracts does not result in a realization event for the nonassigning counterparty to the contract.

EMPLOYMENT TAX

Notice 2013–72, page 592. 2014 Social Security contribution and benefit base; domestic employee coverage threshold. The Commissioner of the Social Security Administration has announced (1) the OASDI contribution and benefit base for remuneration paid in 2014 and selfemployment income earned in taxable years beginning in 2014, and (2) the domestic employee coverage threshold amount for 2014.

EXCISE TAX

T.D. 9640, page 548. These final regulations implement the Paul Wellstone and Pete Domenici Mental Health Parity and Addiction Equity Act of 2008, which requires parity between mental health or substance use disorder benefits and medical/surgical benefits

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