Table of Contents - MARCH 2009
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
Must LIFO Go to Make Way for IFRS?
CORPORATIONS & SHAREHOLDERS
Regulations Eliminate “Hot Stock” Rule for Certain Reorgs.
• Transaction Analysis: Sponsored Spin
• Update on Determinations of Target Stock Basis in B Reorgs.
CREDITS AGAINST TAX
IRS Explains How Unmarried Taxpayers Allocate First-Time Homebuyer Credit
DEPRECIATION
• Sec. 168(k)(4) Credit in Lieu of Bonus Depreciation
EMPLOYEE BENEFITS & PENSIONS
• Sec. 409A Proposed Regs. Address Income Inclusion
EMPLOYMENT TAXES
Employment Tax Reporting for Disregarded Entities
ESTATES, TRUSTS & GIFTS
Guidance on Unbundling Trust Fees Extended
FOREIGN INCOME & TAXPAYERS
IRS Issues Revised Subpart F Contract Manufacturing Regs.
GAINS & LOSSES
• The Importance of Proper and Timely Hedge Identification
Sec. 121 Planning Opportunities After the Housing Assistance Tax Act
Claiming Ordinary Losses for Sec. 1244 Stock
PRACTICE MANAGEMENT
Retaining Key Employees in a Tough Economic Environment
PROCEDURE & ADMINISTRATION
New Material Adviser Reporting Rules
• New Information Reporting Requirements for Payment Card and Third-Party Network Transactions
• Notice 2008-111: Recent Guidance on Intermediary Transactions
Partner Cannot Sue for Refund of Penalty Paid by Partnership
Decision Not to Reinstate Offer in Compromise Upheld
Ex-Wife’s Share of Military Retirement Payments Is Subject to Tax
STATE & LOCAL TAXES
Current Corporate Income Tax Developments (Part I)
