Vol. 32 No. 11, November 2001
Index
- Assistance for disaster victims.
- Casualty loss quick refunds.
- FSA outlines IRS position on partnership aspect of lease-stripping transaction.
- Business-purpose and economic-substance tests.
- Captive insurance update.
- Update on loan origination costs.
- Financial woes as reasonable cause for payroll tax nonpayment.
- FSA provides favorable guidance on liability allocation in partnership division.
- IRS clarifies Rev. Proc. on partnership interest for services.
- Tax Court invokes economic-outlay analysis for S loans.
- Massachusetts' treatment of Sec. 338(h) (10) election provides refund opportunity.
- Sourcing sales across states to reduce state income tax.
- The new uniform CPA examination.
- Depreciating property following a like-kind exchange.
- IRA distributions based on joint life expectancies and AFR will be "substantially equal periodic payments".
- Valuation formula clause will not be respected for gift tax purposes.
- Form 1040 with all zeroes is not a valid return.
- Nonelecting decedent's trust may challenge innocent-spouse relief to ex-wife.