TaxClinic
Practical Advice
on Current Issues
.
Editor:
Michael
J. Goldberg
Partner
Grant Thornton LLP
New York, NY
Accounting
Methods & Periods
Automatic
change to cash method
Simplified
LIFO can ease compliance, boost tax savings
Corporations
& Shareholders
Certain
mergers involving disregarded entities qualify as A
reorganizations
Substantially
disproportionate redemptions
Credits Against
Tax
Benefiting
from the R&E credit
Employee
Benefits & Pensions
Calculating
IRA distribution
Recent IRS
ruling could reduce tax on deferred compensation and
unexercised options
Expenses
15-year
amortization for covenant payment in connection with
redemption
When do
capital expenditures qualify as deductible medical
expenses?
Foreign Income
& Taxpayers
Foreign
corporation's interest subject to withholding under
step-transaction doctrine
Procedure &
Administration
Adequate
disclosure avoids Sec. 6662 penalty
Tax options
to relieve dried-up cashflow
S Corporations
S shareholder
loans: potential tax trap
Special
Industries
Mining
operations: the receding-face doctrine
Unless otherwise indicated,
contributors' firms are members of or associated with
Grant Thornton LLP.
If you would like additional
information about these articles, contact Mr. Goldberg at
mgoldberg@gt.com .
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