Vol. 27 No. 5, May 1996
Index
- Change in accounting method for trade discounts.
- Annual exclusion gifts require special care when using Crummey powers.
- Divided Tax Court now allows estate tax marital deduction for QTIP property contingent on executor's QTIP election for estates of decedents dying before Mar. 2, 1994.
- Final cost-sharing regulations.
- Transfer pricing guidelines issued by the OECD.
- Transfer pricing studies still may be needed to comply with the sec. 482 regulations.
- Deduction of early years' divorce payments.
- U.K. tax residence.
- Consider disposing of depreciable real property or making a sec. 108(c) (3) (C) election in the same year that debt is discharged.
- Issuing stock warrants or other property may produce additional interest deductions for borrower.
- Family limited partnerships and charitable deductions.
- Gifts of family limited partnership interests.
- IRS challenges deductibility of contributions to certain multiple employer welfare benefit funds.
- Long-awaited regulations proposed on loans from qualified plans.
- AICPA should revise SRTP No. 6 to reflect authority on amended returns.
- DOL proposes regulations on when participant contributions become plan assets.
- Eleventh Circuit directs Tax Court to develop test for substantial understatement penalty.
- New federal law restricts state taxation of nonresidents' pensions.
- Mediating with the IRS.
- Final regs. clarify basis and distribution issues, but leave unanswered questions.
- Current developments.
- Challenging college students with real-life tax problems.
- Determining if taxpayers are related parties.