TaxClinic
Practical Advice
on Current Issues
Editor:
Nick Gruidl, CPA, MBT
Managing Director, National Tax Department
RSM McGladrey, Inc.
Minneapolis, MN
If you would like additional information about these items, contact Mr. Gruidl at (952) 893-7018 or nick.gruidl@rsmi.com.
Unless otherwise indicated, contributors are members of RSM McGladrey, Inc.
In This Department
Accounting Methods & Periods
IRS provides procedures to request revision to year of change for Form 3115
Corporations & Shareholders
Assumption of liabilities in taxable asset and Sec. 338(h)(10) acquisitions
Restricted stock in acquisitions: IRS provides much-needed guidance
Sec. 382 ownership and fluctuation in value
Estates, Trusts & Gifts
Impact of the Supreme Court’s Knight decision on investment advisers
Foreign Income & Taxpayers
CPM: The world’s transfer pricing method
Practice & Procedures
CPA obligations for addressing errors and omissions
Special Industries
Tax treatment of payments in common pharmaceutical agreements
State & Local Taxes
Gross receipts taxes: A growing trend in state taxation
Sweet rewards: State and local incentives arrangements
