TaxClinic
Practical Advice
on Current Issues
.
Editor:
Michael
D. Koppel, CPA
Partner
Gray, Gray & Gray
Accounting Firms Associated, inc. (AFAi)
Westwood, MA
If you would like
additional information about these articles, contact
Koppel at (617) 482-1100.
Corporations
& Shareholders
Understanding
the Sec. 338 and 338(h)(10) elections
Credits Against
Tax
Not all
expenditures to aid the disabled qualify for credit
Employee
Benefits & Pensions
Repeal of
Sec. 457 coordination requirements
Estates, Trusts
& Gifts
Prepaid
tuition—a new estate and gift tax strategy
Valuing
closely held businesses
Expenses
Cell phone
deductions and other listed property
Sec.
266—the best of both worlds
Gains &
Losses
Ninth Circuit
allows allocation of basis to expected property
rights
Gross Income
Employer-provided
tax preparation not a working-condition fringe
LLCs & LLPs
LLCs: The tax
tail wagging the investor
Partners &
Partnerships
Small
partnership returns—failure-to-file penalties
S Corporations
IRS wins two
cases reclassifying S distribution as wages
Unless otherwise indicated,
contributors' firms are associated with AFAi.
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