Home Online Publications Online Issues TTA Home Table of Contents Search Feedback

Table of Contents
May
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.
 

Accounting Methods & Periods

  *

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

 

Bankruptcy & Insolvency

   

Sec. 403(b) Annuity Included in Bankruptcy Estate

 

Corporations & Shareholders

  * Statutory Mergers
     
Estates, Trusts & Gifts
    Roth 401(k) Distributions
    LLC Valuation Case Is a Win for the Taxpayer
    CRT Safe Harbor for Spousal Rights Extended-Waivers Not Required
     

Exempt Organizations

  *

Abusive Tax Transaction Involving Exempt Organizations

    Royalty from Sales of Interest in Scholarly Journal Not Taxable
     

Foreign Income & Taxpayers

*

Corporate Inversions and the Affiliate-Owned Stock Rule

  * Tax Court Strikes Down Timely Filing Requirement for Foreign Taxpayers
     

Gains & Losses

  * Basis of Shares Received in a Reorganization
     
Gross Income
  * Treasury and IRS Guidance Sheds Light on Sec. 199 Deductions
    The GWE, a (Not So New) Tax Exclusion Worth a Look by Robert W. Wood and Richard C. Morris
     
Individuals
   

Current Developments by Michael E. Mares

    Deficiency Notice Required for Innocent Spouse Tax Court Petition
     
LLCs and LLPs
  *

Liquidation of an LLC Member Interest

     
Practice & Procedures
    Treasury Warning on Phishing Scheme Using IRS Logo
    TEC Initiatives
    Evaluating an Appraiser’s Report
     
Procedure & Administration
    IRS Selects Three Firms to Participate in Delinquent Tax Effort
  * Corporate Estimated Tax Requirements
    Can Your Tax Client (or You) Go to Jail? (Part II) by Arlene M. Hibschweiler
     
Tax Education
    Evaluating Career and Life from a “7 Habits” Perspective
     
 
Reader Survey

Back
2006 AICPA