Vol. 28 No. 6, June 1997
Index
- Income from incidental supplies does not bar a service provider from using the nonaccrual experience method.
- Changing the tax consequences of Morris Trust transactions.
- How to beat Rev. Rul. 68-55.
- IRS position on restoration of deferred intercompany items.
- Shareholder redemption rights and sec. 305.
- Transactions subsequent to a "B" reorganization.
- Depreciation of property received in a like-kind exchange.
- Charitable trust's receipt of UBTI caused all income to be taxable.
- Increased IRS scrutiny on transfer taxes.
- IRS warns taxpayers on abusive trusts.
- Modification to trust agreements to avoid 35% "built-in gain" excise tax for 1997.
- Dutch pension fund not an exempt labor organization.
- Costs to fix computer systems for the year 2000.
- Current deductibility of training costs.
- Nonresident alien's deductions on return filed after "terminal date."
- Notice 97-18 reporting relief creates complexities.
- Revenue Canada sets its sights on tax equalization payments for expatriates.
- Amendments to the sec. 1060 and 338(b) regulations conforming allocation of purchase price to the 1993 intangibles legislation.
- Basis reduction due to discharge of indebtedness: proposed regs.
- Adoption credit and assistance exclusion.
- Corrective action for incorrect plan distributions.
- Excess IRA contributions increasing taxpayer's basis.
- IRS extends "same desk" rule.
- Qualified plan/option arrangement.
- Recent guidance under Circular 230 raises questions for signing preparers.
- Financial institutions may be subject to new rules for amortizing intangibles.
- Classification and valuation issues affecting the ad valorem taxation of business tangible personal property.
- Federal consolidated return principles create confusion in California combined reports.
- State interpretations of P.L. 86-272 overturned in recent decisions.
- Small Business Job Protection Act adds simplicity (and complexity.)
- Will a Crummey beneficial interest qualify for an annual gift tax exclusion?
- CPE investment valuation program.
- State estate and gift tax provisions.
- Using partnerships to make gifts at a discounted value.