Vol. 46 No. 2, February - February 2015
Index
- Buyer beware of Zenz transactions.
- When payments on debt are considered a deemed dividend.
- Final guidance related to tangible property regulations provides time-limited opportunities.
- Sampling to efficiently implement the new tangible property regulations: the clock is ticking.
- IRS offers new options for taxpayers who failed to file international information returns.
- License vs. royalty: the constant question for pharmaceuticals.
- IRS clarifies ordering rules for alternative tax NOLs.
- Net investment income tax surprise: significant participation rule trumping material participation tests.
- Codified economic substance update: IRS issues more guidance.
- IRS clarifies that a former QSub cannot prorate post-termination items of income or loss.
- Tax Court releases decisions favorable for captive insurance risk distribution qualification.
- Multistate tax compact amendments may have major effect on states.
- Income and related deductions for an item considered for an accounting method change.
- Recent guidance raises long-standing issue of what is a separate trade or business.
- Do PPACA credits and mandates apply in state with federal exchanges?
- The kiddie tax: inequitable consequences and the need for reform.
- Enhancing tax analysis skills through Excel-based scenarios: exercise encourages hands-on data analysis to address the Model Tax Curriculum's concern for delivering basic tax knowledge and developing students' skills.
- Changing an LLC's tax year: an LLC's tax year is generally determined by its members' tax years, although LLCs with a qualifying natural business year can apply to use a year end based on its natural business year.
- Depreciation guidelines for vehicles and when to report them as listed property.
- Assignment of rights in lawsuit results in capital gain.