The Twenty-Third Annual Institute on Current Issues in International Taxation, jointly sponsored by the Internal Revenue Service and The George Washington University Law School, will be held on December 9 and 10, 2010, at the J.W. Marriott Hotel in Washington, DC.

Limitations on qualified residence interest. This ruling holds that indebtedness in excess of $1 million that a taxpayer incurs to acquire, construct, or substantially improve a qualified residence may constitute home equity indebtedness within the meaning of section 163(h)(3)(C) of the Code.

Federal rates; adjusted federal rates; adjusted federal long-term 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 November 2010.

Temporary and proposed regulations under section 108(i) of the Code provide guidance to C corporations regarding the acceleration of deferred COD income and deferred OID deductions including special rules for members of consolidated groups. In addition, these regulations provide rules applicable to all taxpayers regarding deferred OID deductions.

Temporary and proposed regulations under section 108(i) of the Code provide guidance to C corporations regarding the acceleration of deferred COD income and deferred OID deductions including special rules for members of consolidated groups. In addition, these regulations provide rules applicable to all taxpayers regarding deferred OID deductions.

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 October 2010; the 24-month average segment rates; the funding transitional segment rates applicable for October 2010; and the minimum present value transitional rates for September 2010.

The IRS has revoked its determinations that the American Children’s Safety Source of Michigan Center; MI; Anna Foundation, Inc., of Melville, NY; California Consumer Credit of Los Angeles, CA; Consumer Counseling Centers of America of Washington, DC; The Cruffel Foundation of Jackson, WY; Interpreter Referral Service dba Chicago Area Interpreter Referral Service of Chicago, IL; Museum of Military History of Chandler, AZ; Debticated Consumer Counseling, Inc., of Centerport, NY; and United Children's Fund of Michigan Center; MI, quality as organizations described in sections 501(c)(3) and 170(c)(2) of the Code.

This notice maintains the current system in Alaska for fuel distribution and nontaxable use and provides that Alaska continues to remain exempt from the dyeing requirements for nontaxable use of diesel fuel and kerosene.

This notice provides interim relief to employers with respect to reporting the cost of coverage under an employer-sponsored group health plan on Form W-2, Wage and Tax Statement, pursuant to section 6051(a)(14) of the Code.

Proposed regulations modify the general standards of practice before the IRS and the standards with respect to tax returns.