Vol. 26 No. 11, November 1995

Index

• The tax practitioner's guide to Circular 230.
• Taking an S corporation public.
• Effect of nondeductible, noncapital expenses on S stock basis and taxable income.
• Regulations on allocations relating to contributed property affect securities partnerships.
• Passive loss relief for real estate professionals.
• IRS rules INDOPCO does not require employee bonuses be capitalized.
• New "mass assets" regulation.
• Tax Court upholds 1978 regulations on calculating the bad debt deduction.
• Statute of limitations does not preclude adjusting NOL carryover.
• "Working capital" contribution can increase allowable sec. 382 NOL carryforward.
• Applicability of UNICAP rules to exempt organizations.
• Sec. 403(b) plans - voluntary correction program could save exempt organizations large penalties.
• Self-employment tax treatment of Keogh and SEP contributions and unreimbursed business expenses.
• State tax implications uncertain for corporate LLC members.
• Deductible or not deductible? The Michigan SBT question.
• Significant recent developments in estate planning.
• Current developments in employee benefits.
• IRS indefinitely postpones TCMP audits.
• Deducting special care facilities and educational costs as medical expenses.