TaxClinic

Practical Advice
on Current Issues

Editor:
Michael Metz, CPA
Executive Vice President, Tax Services
RSM McGladrey, Inc.
Minneapolis, MN

IN THIS DEPARTMENT

Accounting Methods & Periods

Inventory trends: the “Wal-Mart” effect

Corporations & Shareholders

Times Mirror—a reflection of the past

UNICAP controversy

Employee Benefits & Pensions

Sec. 409A and stock options: a cause for concern?

Expenses

Energy-efficient commercial building deduction

Foreign Income & Taxpayers

Availability of the foreign earned income exclusion, FTCs and combat pay exclusion for U.S. government contractors

Check-the-box: not always the right answer for certain foreign corporations

ETI and IC-DISC export tax benefits for government contractors

Planning for the currency gap in dispositions of foreign subsidiaries

Gains & Losses

Navigating the AMT system

Now is the time to consider expanded LKE opportunities

Special Industries

Depository holding companies benefit from technical corrections act

If you would like additional information about these items, contact Mr. Metz at mike.metz@rsmi.com.

Unless otherwise indicated, contributors are members of or associated with RSM McGladrey, Inc. RSM McGladrey, Inc. is a member firm of RSM International—an affiliation of separate and independent legal entities