TaxClinic
Practical Advice
on Current Issues
.
Editor:
Anthony Bakale, CPA, MT
Cohen & Company, CPAs
Baker Tilly International
Cleveland, OH
Accounting
Methods & Periods
Depreciation
of greens and tees
New
procedures for changing accounting periods
September 11
tax relief—electing out of mid-quarter
depreciation
Tax
implications of FASs 141 and 142
When is a
building not a building
Employee
Benefits & Pensions
New guidance
for retirement plan distributions
Paying for
LTC insurance: the C corporation advantage
Estates, Trusts
& Gifts
Gifts of an
ownership interest in a business not eligible for the
annual exclusion
Foreign Income
& Taxpayers
Application
of Sec. 382 to foreign corporations
The 50/50
practice in Switzerland
LLC trap for
the unwary in Canada
Gains &
Losses
Maximizing
tax-free gain from a sale of a home
Vacation
home tax planning: shaky foundations not easily
repaired with software
Individuals
New
retirement savings incentive may be an opportunity
for "retirees"
Ruling
expands Sec. 1041 to exemptions from
assignment-of-income doctrine
Tax planning
opportunities for U.S. Series E and EE savings bonds
Partners &
Partnerships
Structuring
partnership payments to a retiring partner
When is an
assignee or judgment creditor taxed on partnership
income
Procedure &
Administration
Challenge to
tax assessment based on IRS aggregate-tip reporting
Unless otherwise indicated,
contributors' firms are members of or associated with
Baker Tilly International.
If you would like additional
information about these articles, contact Mr. Bakale at TBakale@cohencpa.com.
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