TaxClinic
Practical Advice
on Current Issues
.
Editor:
Anthony
Bakale, CPA, MT
Cohen & Company, CPAs
Summit International Associates, Inc.
Cleveland, OH
If you would
like additional information about these articles, contact
Mr. Bakale
at (216) 579-1040.
Corporations
& Shareholders
PHC tax and
Sec. 382
Credits Against
Tax
Poultry waste
tax credit
Employee
Benefits & Pensions
Divorce-related
transfer of compensatory stock options is taxable
IRA
distribution funded by community property was taxable
solely to participant
ISOs and AMT
Traps
Estates, Trusts
& Gifts
GST trap for
the unwary
Gains &
Losses
Structuring
insurance contracts to qualify under Sec. 1033
Two roads to
capital gains for patent sales
Gross Income
Contingent
attorney fees included in taxpayer's income
Interest Income
& Expense
Is the
deduction of interest on tax deficiencies finally
over?
Taxation of
bond discounts and premiums
Partners &
Partnerships
New
partnership basis rules
Prop. regs.
on allocation of partnership debt
S Corporations
Effect of
installment method on QSubs and other ignored
entities
State &
Local Taxes
Effects of S
election on domicile should be considered in state
tax planning
Unless otherwise indicated,
contributors are members of or associated with Summit
International Associates, Inc.
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