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.

SPECIAL ANNOUNCEMENT

Announcement 2014–14, page 948. This Announcement is issued pursuant to section 521(b) of Pub. L. 106–170, the Ticket to Work and Work Incentives Improvement Act of 1999, which requires the Secretary of the Treasury to report annually to the public concerning Advance Pricing Agreements (APAs) and the APMA Program. The first report covered calendar years 1991 through 1999. Subsequent reports covered separately each calendar year from 2000 through 2012. This Fifteenth report describes the experience, structure, and activities of the APMA Program during calendar year 2013. It does not provide guidance regarding the application of the arm’s length standard.

INCOME TAX

Notice 2014–20, page 937. This Notice postpones until October 15, 2014, the deadline to make an election under § 165(i) to deduct in the preceding taxable year losses attributable to September 2013 major flooding sustained in federally declared disaster areas in Colorado.

Notice 2014–21, page 938. This notice explains how existing general tax principles apply to transactions using virtual currency.

Notice 2014–23, page 942. This notice provides guidance for 2014 that will allow taxpayers who are the victims of domestic violence to satisfy the joint filing requirement of § 36B(c)(1)(C) with a married-filingseparate return, in order to obtain the premium tax credit. The notice also informs that the IRS and Treasury will be issuing regulations on this subject.

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