Vol. 25 No. 5, May 1994
Index
- Economic performance.
- Passive loss included in NOL may be carried back.
- Passive loss relief for real estate professionals: fact or fiction?
- Effect of parsonage allowance on self-employment tax and on Sec. 265.
- Rev. Rul. 93-88 expands exclusion for employee discrimination damages.
- Different values for the same stock in the same estate tax return.
- Annuity contract received in Sec. 1035 exchange did not retain original contract's grandfather status.
- IRS no longer requires date of death value of testamentary transfer to be reduced by postdeath interest on deferred federal estate tax payable from that transfer.
- Obtaining most advantageous treatment for trade discounts.
- Formula! Formula! Formula! (defining bequests in terms of remaining unified credit)
- Maximum VEBA funding.
- Update on U.S. classification of U.K. LLCs.
- Residency under the new U.S.-Mexico treaty.
- New exclusion for income from discharge of real property business debt: partners v. partnership.
- Withdrawal from a partnership after Rev. Rul. 93-80.
- AMT inventory adjustments on change from LIFO to FIFO.
- Post-RRA moving expenses.
- New 50% exclusion for gain from QSB stock.
- Different accounting methods may apply for long-term construction contracts depending on the amount of the three preceding tax years' gross receipts.
- New corporation may use cash method even though first year's gross receipts exceed $5 million.
- New lobbying expense disallowance rules affect certain exempt organizations earlier than anticipated.
- Gift tax return extensions.
- Charitable donations of appreciated property.
- Letter ruling on split-dollar insurance requires caution for S corporations.
- Qualified appraisals for charitable donations of property.
- Treatment of "interest" accrued on nonqualified deferred compensation.
- Distributions to retiring partners.
- Practitioners must deal with new AMT complexities: AICPA comments prompt issuance of Notice 94-28 and proposed regulations.
- Determining the deductibility of S corporation passive losses.