TaxClinic
Practical
Advice
on Current Issues
.
Editor:
Jerry L. Lerman, CPA
Managing Director
American Express Tax and Business Services Inc.
New York, NY
Accounting Methods & Periods
Change in depreciable
life is accounting-method change
Increased cashflow for
real estate owners
Corporations & Shareholders
Sec. 355s expansion
exception extended
Employee Benefits & Pensions
Plan loan final regs.
ease some
restrictions
Estates, Trusts & Gifts
IRS curbs use of
Crummey powers
Exempt Organizations
Form 990: more than
just a tax return
Qualifying for the
reduced rate on NII
Expenses
Final regs. on
capitalization of intangibles
S corp. can deduct
cost of private jet use
Individuals
Unmarried parents
could waive child exemption
LLCs & LLPs
When is LLC income SE
earnings?
Partners & Partnerships
Partnerships
like-kind exchange dilemma?
Revisiting Sec.
704(c)
Unless otherwise indicated, contributors are members of or
associated with American Express Tax and Business Services Inc.
If you would like more information about these items, contact Mr.
Lerman at jerry.l.lerman@aexp.com.
|
