
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
Procedure & Administration
IRS Announces an End to Private Debt Collection Services
New Tax Preparer Rules for Disclosure and Use of Return Information
S Corporations
State & Local Taxes
• Sales Tax Collection by Online Vendors
Tax Education
Integrating Modern World Tax Issues into the Classroom
