Vol. 36 No. 1, January 2005
Index
- AJCA.
- Bonus depreciation extension for certain aircraft (excluding the transportation industry).
- 15-year recovery period for certain qualified leasehold improvements.
- 15-year recovery period for certain restaurant property.
- Class lives for utility grading costs.
- Income-forecast method modifications for film industry.
- Increased Sec. 179 expense limits extended two years.
- Organization costs and start-up costs amortized over 15 years.
- Affirmation of consolidated return regulation authority.
- Professional sports franchises amortizable under Sec. 197.
- Seven-year recovery period for motorsports racetrack complexes.
- Estimated taxes for Sec. 338(h) (10) transactions.
- Modified treatment of transfers to creditors in certain divisive reorgs.
- Nonqualified preferred stock.
- ETI exclusion repeal: transition relief.
- Sec. 357(c) inapplicable to acquisitive D reorgs.
- Consistent amortization of periods for intangibles.
- Disallowance of certain partnership loss transfers.
- Net income from PTPs treated as qualifying RIC income.
- No basis reduction under Sec. 734 in stock held by partnership in corporate partner.
- Recognition of COD income realized on satisfaction of debt with partnership interest.
- Disclosure of reportable transactions: tax shelter registration.
- Modifications of actions to enjoin certain conduct related to tax shelters and reportable transactions.
- Modifications of substantial understatement penalty for nonreportable transactions.
- Modified accuracy-related penalty for listed transactions and other reportable transactions.
- Modified penalty for failing to maintain investor lists.
- Penalties on tax shelter promoters.
- Penalty for failing to disclose reportable transactions.
- Penalty for failing to report interests in foreign financial accounts.
- Regulation of individuals practicing before treasury.
- SOL for unreported listed transactions.
- Tax shelter exception to confidentiality privileges relating to taxpayer communications.
- LLC and LLP issues for small, privately owned businesses.
- Structured settlements and nonqualified assignments.
- Significant recent developments.
- Income and estate tax planning for special needs trusts.
- A primer on LTC insurance.
- IRS and AICPA collaborate on OIC program.
- New IRS initiative - compliance assurance process (real-time audit).
- Avoiding ordinary income on the sale or exchange of depreciable property to a corporation.
- Adequate notice of innocent spouse rights.
- Reimbursement of parking expenses.
- Clarification.
- S status survives bankruptcy.