Tax Clinic
Editor:
Annette B. Smith, CPA
For additional information about these items, contact Ms. Smith at (202) 414-1048 or annette.smith@us.pwc.com.
Editor Notes: Annette Smith is with Price-waterhouseCoopers LLP, Washington National Tax Services, in Washington, DC.
Unless otherwise noted, contributors are members of or associated with Pricewater-houseCoopers LLP.
Corporations & Shareholders
• Stock Basis Recovery in Outbound Sec. 304 Transfers
Employment Taxes
• Correcting Employment Tax Errors
Exempt Organizations
• Sponsorships Offer Opportunities for Nonprofits, Corporations
Foreign Income & Taxpayers
• Adopting or Changing a Foreign Corporation’s Accounting Method
• Initial IRS Guidance Addressing EU Cap-and-Trade Systems, Subpart F Rules
• Revised Form 1120-F: Practical Issues and Missed Opportunities
• U.S. Tax Effects of a Foreign Jurisdiction Audit
Gains & Losses
• Effect of Debt Recharacterization on Worthless Securities Deductions
Gross Income
• Should a Company Elect to Defer Cancellation of Debt?
Procedure & Administration
• Protecting Refunds of Certain Overpaid Deficiency Interest
