Table of Contents - June 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

Defining a Method of Accounting

Gift Card and Gift Certificate Income Deferral

IFRS Is Coming: What Does This Mean for Tax?

When Is Income Recognized Under Cost-Plus Contracts?

Corporations & Shareholders

Check the Timing of the Check-the-Box Election

Credits Against Tax

Reduced Credit for Increasing Research Activities

Employee Benefits & Pensions

Tax Planning with Single-Employer Qualified Plans
by Kevin J. Donovan

Estates, Trusts & Gifts

Prop. Regs. Ease UBTI Consequences for CRTs

How Will Final Regs. Apply the Knight “Commonly Incurred” Test?
by Carol Cantrell

IRS Issues Prop. Regs. in Response to Kohler Case

Expenses

IRS Issues Prop. Regs. on Capitalization of Improvements to Property

Sec. 199 Final Regs. on TIPRA Amendments and More

Foreign Income & Taxpayers

Foreign Bank and Financial Account Information Reporting Deadline Near

Tools for Tax Planning for Foreign Nationals
By Laura K. Barooshian and Karl L. Fava

Gross Income

Sec. 1341 Roundup: Court Decisions and IRS Advice Offer Little Clarity

Individuals

IRS Previews Sec. 529 Plan Anti-abuse Regs.

LLCs & LLPs

Handling Gifts and Bequests of LLC Interests

Partners & Partnerships

Flexibility in Retroactive Partnership Agreement Amendments

Practice & Procedures

Pilot Program Tests EFTPS Interface with QuickBooks

Practice Management

Concerns About CPA Letters to Third Parties

Procedure & Administration

Swallows Decision Renews Questions About Judicial Deference to Tax Regs.

S Corporations

IRS Posts Guidance on Changing from C Corp. to S Corp.

Traps for the Unwary: Rollovers and the Sec. 338 Election

State & Local Taxes

A New Dimension for LLCs in California

 

Subject Index

Reader Survey


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© 2008 AICPA