The Tax Adviser

Table of Contents - May 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

Prop. Regs. Broaden Scope of Home Construction Contract Exemption

Consolidated Returns

Final Consolidated Return Regs. on Transactions Involving Intercompany Debt

Depreciation

Depreciation Options for Avoiding Corporate AMT Adjustments and Preferences

Employee Benefits & Pensions

IRS Issues Final Regs. on Automatic Contribution Arrangements

Expenses

Seventh Circuit Finds $20 Million Bonus Reasonable

Sec. 199 Issues Arising from Contract Manufacturing Arrangements

Using Statistical Sampling to Support the Sec. 199 Deduction

Foreign Income & Taxpayers

Subpart F and the New Contract Manufacturing Regs.

Tax Treaty Net Basis Elections

Gains & Losses

IRS Releases Guidance on New Five-Year NOL Carryback

IRS Issues Guidance on Losses from Ponzi Schemes

Securities Transfer Is Not a Securities Lending Arrangement

Partners & Partnerships

Navigating Secs. 743 and 734 in the Current Economy

Personal Financial Planning

Financial Planning Using a Client’s Form 1040

Practice & Procedures

Preview and Analysis of Proposed Statements on Standards for Tax Services

Practice Management

IFRS and Your Tax Practice

Procedure & Administration

IRS Announces an End to Private Debt Collection Services

New Tax Preparer Rules for Disclosure and Use of Return Information

S Corporations

Economic Outlay Revisited

State & Local Taxes

Sales Tax Collection by Online Vendors

Tax Education

Integrating Modern World Tax Issues into the Classroom

Resources

Reader Survey


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© 2009 AICPA