Vol. 40 No. 1, January 2009
Index
- Cancellation of indebtedness information returns.
- Court rejects patentability of business methods.
- Volunteer board president "responsible person" for payroll taxes.
- IRS issues second directive on gift cards.
- Final unified loss rule published.
- IRS issues guidance on Sec. 382 for corporations in the capital purchase program.
- Research credit extended.
- IRS issues guidance on electing out of 50% additional first-year depreciation.
- Automatic penalty assertions begin for delinquent Forms 5471.
- Effects of Emergency Economic Stabilization Act provisions on individuals.
- Lenders allowed nonrecognition treatment for certain securities loans terminated due to bankruptcy.
- Final Sec. 1367 Regs. address open account debt between S Corps. and their shareholders.
- Tread carefully: what CPAs should know about tax fraud.
- Individual taxation: filing season update.
- Significant recent corporate developments.
- IRS automated underreporter initiative.
- Limitations on taxpayers' ability to disavow tax consequences of contract terms.
- LMSB inspection of corporate officers' returns: IRM procedure vs. actual practice.
- IRS changes policy for asserting penalties for late-filed form 5471.
- Communicating with clients in difficult times.
- Understanding the effects of nonliquidating distributions on corporations.
- IRS identifies sale of charitable remainder trust interests as a transaction of interest.
- Wrongful levy judgment treated as overpayment of tax.