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Table of Contents
January
2006

Note: In accordance with IRS Circular 230, Regulations Governing the Practice of Attorneys, Certified Public Accountants, Enrolled Agents, Enrolled Actuaries, and Appraisers before the Internal Revenue Service, the information on this website is not intended or written to be used as, and cannot be used as or considered to be a “covered opinion” or other written tax advice, and should not be relied on for the purpose of (1) avoiding tax-related penalties under the Internal Revenue Code or (2) promoting, marketing or recommending to another party any transaction or tax-related matter(s) addressed herein, for IRS audit, tax dispute or other purposes.

Asterisks indicate items in the Tax Clinic department.
 

Bankruptcy &  Insolvency

    New Bankruptcy Law
 
Charitable Contributions
  * Hurricane Katrina: Charitable Deduction Opportunities
  * Hurricane Katrina: Leave-Based Donation Programs
     

Corporations & Shareholders

   

Avoiding the Dangers of a Liquidation-Reincorporation

     
Credits Against Tax
  * Hurricane Katrina: EIC and Refundable Child Credit
  * Hurricane Katrina: Employee Retention Credit
  *

Hurricane Katrina: Work Opportunity Credit

  * Self-Constructed Supplies Costs Are Not In-House Research Expenses
     

Depreciation

   

Calculating Depreciation on a Like-Kind Exchange or an Involuntary Conversion by J. David Mason

     

Employee Benefits & Pensions

IRA 60-Day Rollover Waiver Denied
Is the IRS EPCRS SCP Working for You?
* Hurricane Katrina: COBRA and HIPAA Relief
* Hurricane Katrina: Health, Retirement and Disability Benefits
  *

Hurricane Katrina: IRAs, Sec. 401(k)s and Similar Retirement Plans

     

Estates, Trusts & Gifts

   

Tax Court Determines Valuation Discounts

     
Excise Taxes
  *

Service Will Continue Collecting Communications Excise Tax

     
Foreign Income & Taxpayers
  *

Effect of Certain Asset Reorgs. on Gain Recognition

     
Gains & Losses
  *

Hurricane Katrina: Claiming Casualty Losses

   

Tax Consequences to Investors of Broker Fraud and Theft by Gary A. Zwick and Gwendolyn A. Montgomery

     
Individuals
  * Hurricane Katrina: Disaster Relief Payments
  * Hurricane Katrina: Forgiven Debt
  * Hurricane Katrina: Low-Interest Home Loans
     
Personal Financial Planning
    A Primer on Annuities
     
Practice & Procedures
    Amendments to Circular 230 (Part I) by John C. Gardner, Barbara J. Eide and Joseph T. Kastantin
    Representing Taxpayers and Withdrawing from Representation
    IRS Initiative for Private Debt Collection
    Managing the Interplay between a Partnership and Its Partners’ Statutes of Limitations
    Accounting for Casualty Losses during a National Disaster
     
Procedure & Administration
    Six-Month Automatic Extension
  * Hurricane Katrina: General Assistance
    Mandatory E-Filing for Large Corporations and Exempt Organizations
    Preparer Penalties Assessed on Employer
     
State & Local Taxes
    State Economic Development Incentives
 
Reader Survey

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2006 AICPA