Vol. 26 No. 5, May 1995
Index
- Sec. 108(a) (1) excluded COD income: are "windfall" basis adjustments allowed?
- Nonacquiescence in O'Neill.
- ESOP appraisals by CPA firms.
- Private foundations: down but not out.
- Grace period ends Aug. 21, 1995 for waiving penalties on property contributions to qualified retirement plans.
- Revised rules of practice before IRS regarding fees.
- Tax Court restricts S corporation shareholder's basis for loss deductions.
- Reporting trust distributions.
- Letter ruling denies step-up basis of S stock through COD income.
- Redemption vs. purchase of S stock.
- Restructuring multiple partnerships to preserve maximum depreciation.
- Self-employment tax for LLC members.
- Reasonable cause should be considered to abate 10% penalty for underpaying required deposits by fiscal-year S corporations or partnerships.
- Environmental excise taxes imposed on chemicals and substances.
- Age-weighted profit-sharing plans may benefit small companies.
- Loss deduction for retirement of environmentally contaminated real estate.
- Paperless automatic extensions would benefit both government and taxpayers.
- Accrual method required for pledges to tax-exempt organizations.
- California electronic funds transfer requirements.
- IRS now agrees that carryover of disallowed investment interest not limited by taxable income.
- Proposed guidance on transfers of target assets if Sec. 338 not elected and....
- ... Use of Sec. 351 may produce favorable result.
- Beware of "excess" liabilities in type A reorganizations.
- Distributive share of foreign partnership income held subpart F income.
- To split or not to split? That is the question! (tax advantages of gift-splitting)
- New regulations clarify R & E definition.
- Accounting for book-tax differences of property contributed to a partnership.
- Income in respect of a decedent: minimizing the double taxation.
- Tax-free housing allowances for ministers: documentation is critical to ensure exclusion.
- IRS follows AICPA position in guidance on proceeds received for homes and contents destroyed by disasters.
- Deducting a bonus accrued for an unrelated party.