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. 2014–15, page 1095. This revenue ruling provides guidance to employers funding their retiree health benefits through a wholly owned subsidiary. The ruling concludes that the arrangement is insurance for federal income tax purposes.

Rev. Rul. 2014–16, page 1097. Federal rates; adjusted federal rates; adjusted federal longterm rate and the long-term exempt rate. For purposes of sections 382, 642, 1274, 1288, and other sections of the Code, tables set forth the rates for June 2014.

Rev. Rul. 2014–17, page 1093. This revenue ruling holds that tangible assets used in converting corn to fuel grade ethanol are properly included in asset class 49.5 of Rev. Proc. 87–56 for depreciation purposes.

EMPLOYEE PLANS

Notice 2014–37, page 1100. This notice provides guidance on an amendment to reflect the outcome of United States v. Windsor, 570 U.S. ___, 133 S. Ct. 2675 (2013) that is adopted after the beginning of a plan year that is effective during a plan year (�mid-year amendment�) to a plan described in Internal Revenue Code (�Code�) § 401(k)(12) or (13) (�§ 401(k) safe harbor plan�) or § 401(m)(11) or (12) (�§ 401(m) safe harbor plan�) of the Internal Revenue Code pursuant to Q&A–8; of Notice 2014–19, 2014–17 IRB 979.

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