Addendum.

• Position: Tax Practice & Procedures - Correction notice

In the October 2007 Tax Practice & Procedures item "Advantages of a C Corporation" (p. 617),Jay Starkman suggested a tax planning technique using net operating loss carrybacks and carryforwards and cautioned that there is no benefit to a personal service corporation in making a Sec. 444 election to use a fiscal year. James E. Thompson, a...