TaxClinic
Practical
Advice
on Current Issues
.
Thomas P. Ochsenschlager
Partner
Grant Thornton LLP
Washington, DC
If you would like additional
information about these items, contact Mr. Ochsenschlager at (202)
521-1503.
Accounting Methods
& Periods
IRS eases
change to simplified
UNICAP rules
Depreciation
What is
the character of pre-Sec. 197 goodwill?
Estates, Trusts &
Gifts
A FLP
tax-saving strategy
Exempt
Organizations
IRS
approves car-donation program
Expenses
Ninth
Circuit provides guidance on expense vs. capitalize
Foreign Income &
Taxpayers
Corporate
related parties for reporting purposes
Tax trap
for second-time U.S. residents
Gains & Losses
CERTs and
NOL limits
Use of a
QI in Sec. 1031 LKEs
Gross Income
Golf
membership fees are refundable deposits
Procedure &
Administration
Potential
refund of payroll taxes on severance pay
S Corporations
IRS loses
SE tax challenge
State & Local
Taxes
Factor
representation not required in computing PA capital-stock tax
Sherwin-Williams can deduct intercompany royalties and interest
Unless otherwise indicated,
contributors are members of or associated with Grant Thornton LLP.
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