Vol. 28 No. 10, October 1997
Index
- Cash method used by a medical clinic.
- Inventory stub period shrinkage estimates - the Tax Court sows confusion.
- Requests for changes in accounting methods made easier.
- Depreciation planning for newly acquired commercial real estate.
- IRS allows deduction for severance payments after Sec. 338 election.
- Real property leased to retail motor fuel outlet owner qualifies as 15-year property.
- Restoration of unified tax credit previously used.
- Short tax year depreciation and subsidiaries.
- Sec. 1341(a) income tax benefit is includible in the gross estate.
- Interest expense for UBTI purposes.
- Timeshare rental activity was trade or business activity giving rise to ordinary loss on foreclosure.
- When is a family limited partnership an appropriate tax savings vehicle?
- Can a client rely on his preparer to file an extension?
- Abatement of interest and penalties on payroll taxes.
- Tip credit for professional employer organizations.
- Federal and state governments wrestle with cybertaxes.
- Current developments - eligibility, elections and terminations; operations; and legislation.
- How to shift the burden of proof to the IRS on independent contractor status.
- The complexities of the section 165(i) (1) disaster loss election.
- Recognizing SRTP violations in return preparation.
- Bridge to an updated automation guide.
- Taxpayer Relief Act of 1997 affords businesses more time to switch to EFTPS (Electronic Federal Tax Payment System)
- Reliance on an agent held not to constitute reasonable cause.
- Supreme Court strikes down equitable tolling of limitations period for refund claims.
- Innocent spouse relief.
- Planning to obtain ordinary loss treatment for worthless debts owed by partnerships to noncorporate partners.