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Table of Contents
March 2007

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.
 
Charitable Contributions
    Recordkeeping Requirements for Charitable Contributions by Payroll Deduction
 

Credits Against Tax

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Enhanced Research Credit for 2007

 

Depreciation

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GO Zone Bonus Depreciation Extended

 

Employee Benefits & Pensions

   

Closely Held Employers and Sec. 409A by Mark P. Altieri

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SERP Shifts and Sec. 409A

 

Exempt Organizations

   

A Tax Primer for CPAs Volunteering at Nonprofit Organizations by Mark J. Cowan and Denise English

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New Tax-Shelter Excise Tax on Exempt Entities

 

Expenses

Sec. 212 Expenses Deductible Prior to Becoming Trade or Business

Foreign Income & Taxpayers

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IRS Plans Increased NRA Examination Activity

Gross Income

Tax on Emotional Damages Revisited: DC Cir. Vacates Murphy

 

Individuals

   

Beware These 10 Common Tax Filing Mistakes

   

PPA ’06 Makes Sec. 529 Tax Incentives Permanent

   

2007 Inflation Adjustments

 

Interest Income & Expense

    Benefiting from Employer Below-Market-Rate Loans
 

Legislation

   

State and Local Sales Tax Deduction Election Extended

 

Practice Management

   

Assisting with Tax Audits

 

Procedure & Administration

   

Service Modifies AOD on Teachers’ Severance Pay

 

State & Local Taxes

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California Superior Court Rules LLC “Fee” Unconstitutional

    Current Corporate Income Tax Developments (Part I) by Karen J. Boucher and Shona Ponda
 
Reader Survey

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