TaxTrends

Recent Cases
and Rulings

David O’Driscoll, J.D., LL.M.

IN THIS DEPARTMENT

Employee Benefits & Pensions

Timing restrictions do not apply to distributions of rollover contributions: Rev. Rul. 2004-12

Expenses

Environmental remediation costs ineligible for claim-of-right treatment: Rev. Ruls. 2004-17 and 2004-18*

S Corporations

SESOP may repurchase stock distributed in IRA rollover: Rev. Procs. 2004-14 and 2003-23*

The reports of cases, rulings, etc., herein, except for the Reflections, are edited versions of the relevant court opinion, published ruling, etc.

^*This development, concerning related matters, is covered in the Reflections to the report of the principal item.