Table of Contents - March 2008
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.
Bullets indicate items in the Tax Clinic department.
Accounting Methods & Periods
• Accounting for Bonus Compensation Under the Final Corporate Estimated Tax Regs.
• Mere Execution of Service or Insurance Contract Does Not Satisfy All-Events Test
Employment Taxes
IRS Develops New Form for Misclassified Workers
• Accelerating FICA and FUTA Tax Deductions for Vacation and Bonus Pay
Estates, Trusts & Gifts
Supreme Court Holds Investment Advisory Fees Are Subject to 2% Floor
• The Ongoing Sec. 67(e) Controversy and the New Preparer Penalties
Foreign Income & Taxpayers
IRS to Perform Mandatory Audits of Foreign Earnings Repatriation
Commentary on the Canada-U.S. Tax Treaty’s Fifth Protocol
Interest Income & Expense
Deducting Interest on Qualified Education Loans
Partners & Partnerships
Holding Period and Basis Considerations of Partnership Conversions
by Jonathan Sousa and Kathleen M. Weiden
Practice Management
Training in the Modern Tax Practice
Procedure & Administration
IRS Issues Rules on New Preparer Penalties
Final Regs. Govern Release of Taxpayer Information by Preparers
CPAs at Risk as Government Continues to Attack Abusive Tax Shelters
by John R. McGowan
Codification of the Economic Substance Doctrine
Real Estate
• REITs and Taxable REIT Subsidiaries Potentially Subject to PHC Tax Treatment
S Corporations
State & Local Taxes
Current Corporate Income Tax Developments (Part I)
by Karen J. Boucher and Shona Ponda
