Table of Contents - August 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.
Corporations & Shareholders
IRS Issues Final “Killer B” Regs.
Employee Benefits & Pensions
• Using Serial IRAs to Stretch the 60-Day Rule for IRA Rollovers
An Analysis of the New Roth 401(k)/403(b) Plans
by David J. Beausejour and Michael F. Lynch
Estates, Trusts & Gifts
Transfers of Partnership Interests Are Not Indirect Gifts of Stock Held by Partnership
Foreign Income & Taxpayers
New Expatriation Tax Rules Enacted
• Adapting to the United Kingdom’s New Remittance Basis Rule
• Treatment of Loans to U.S. Partners Under the U.S.-Germany Tax Treaty
• Why U.S. Businesses Should Be VAT Aware
Gains & Losses
• Avoiding the Self-Rental Trap
Planning Opportunities with the Sec. 121 Partial Exclusion
by Robert B. Cockrum and María T. Cabán-García
Gross Income
• Tax Treatment of Government Grants to Partnerships Becomes Less Clear
Individuals
Tax Planning for Elderly Clients
by Ezra Huber
Legislation
Farm Bill Enacted over President’s Veto
Partners & Partnerships
• A Practical Guide to the Tax Issues of Investing in Master Limited Partnerships
IRS Issues New Rules on Allocation of Partnership Items
Practice & Procedures
Applying AICPA Business Valuation Standards in Tax Practice
Procedure & Administration
Sec. 6511 Limitation Applies to Excise Tax Refund
Proposed Preparer Penalty Regs. Released
S Corporations
Qualifying a Marital Deduction Trust as an Eligible S Shareholder
Special Industries
• Tax Consequences of the Rush for Natural Gas in the Appalachians
• Taxation of Exchange Traded Notes
State & Local Taxes
• Texas Comptroller Provides Rules on the Texas Franchise Tax
