Vol. 37 No. 5, May 2006
Index
- IRS selects three firms to participate in delinquent tax effort.
- Roth 401(k) distributions.
- Treasury warning on phishing scheme using IRS logo.
- CRT safe harbor for spousal rights extended - waivers not required.
- LLC valuation case is a win for the taxpayer.
- IRS provides replacement cost safe harbor for heavy equipment dealers.
- Sec. 263(a) 12-month rule and economic performance accounting method changes.
- Tax accounting issues for gift certificates and gift cards.
- Statutory mergers.
- Abusive tax transactions involving exempt organizations.
- Corporate inversions and the affiliate-owned stock rule.
- Tax Court strikes down timely filing requirement for foreign taxpayers.
- Basis of shares received in a reorganization.
- Treasury and IRS guidance sheds light on Sec. 199 deduction.
- Liquidation of an LLC member interest.
- Corporate estimated tax requirements.
- Can your tax client (or you) go to jail?
- The GWE, a (not so new) tax exclusion worth a look: under the general welfare exception (GWE), certain payments of social benefit programs are excluded from income. This article describes the GWE requirements and the kinds of payments covered.
- Current developments: in the last year, many significant developments affected individual taxpayers. This article summarizes legislation, the principal residence exclusion, AMT, income recognition, deductions and other significant areas.
- TEC initiatives.
- Evaluating career and life from a "7 habits" perspective.
- Evaluating an appraiser's report.
- Sec. 403(b) annuity included in bankruptcy estate.
- Royalty from sale of interest in scholarly journal not taxable.
- Deficiency notice required for innocent spouse Tax Court petition.
- Reflections.