TaxClinic

Practical Advice
on Current Issues

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Editor:
Stefan Gottschalk
Senior Manager
Grant Thornton LLP
Washington, DC

Corporations & Shareholders

Controlled corporations sale of warrants to subsidiary was not a bargain sale
 

Depreciation

Post-JGTRRA racehorse ownership
 

Estates, Trusts & Gifts

Certain gifts with adjustment clauses may not produce desired tax results

Discounting FLP interests

Exempt Organizations

IRS asserts commerciality doctrine
 

Expenses

Deduct or capitalize aircraft engine maintenance costs?

New regs. on contested liability trusts
 

Foreign Income & Taxpayers

The QSF regs.a double-edged sword
 

Individuals

Are tax indemnity payments to an ex-spouse taxable?
 

Procedure & Administration

The unexpected costs of household employees
 

S Corporations

Different redemption rights did not create second class of stock
 

State & Local Taxes

State taxation of professional athletes and entertainers

 

Unless otherwise indicated, contributors  are members of or associated with Grant Thornton LLP.

If you would like more information about these items, contact Mr. Gottschalk at (202) 521-1510.