TaxClinic
Practical Advice
on Current Issues
Editor:
Annette B. Smith, CPA
Washington National Tax Services
PricewaterhouseCoopers LLP
Washington, DC
Unless otherwise noted, contributors are members of or associated with PricewaterhouseCoopers LLP.
If you would like additional information about these items, contact Ms. Smith at (202) 414-1048 or annette.smith@us.pwc.com.
In This Department
Accounting Methods & Periods
• Dollar-Value LIFO Pooling for Automobile Resellers
Corporations & Shareholders
Hot Stock and the Active Trade or Business Regs.
• The “Substantially All” Requirement: A Momentary Concept
Expenses
Issues Under Proposed De Minimis Rule for Expensing Tangible Property
Foreign Income & Taxpayers
When Do Foreign Currency Forward Contracts Constitute Sec. 1256 Contracts?
• When Is a Foreign Entity Relevant for U.S. Entity Classification Purposes?
• Who Is a Manufacturer Under the Proposed Contract Manufacturing Regs.?
Procedure & Administrationm
Forms 8275 and 8275-R: How Much Information Is Enough?
• IRS Intensifies Focus on Worker Classification
• Refund Claims and the Saturday-Sunday-Holiday Rule of Sec. 7503
• Reportable Transactions: When Does the 90-Day Disclosure Rule Apply?
S Corporations
F reorg. of an S corp. may require a new EIN
