TaxClinic
Practical Advice
on Current Issues
Editor:
David J. Kautter, CPA
Ernst & Young LLP
Washington, DC
If you would like additional information about these items, contact Mr. Kautter at (202) 327-8878 or david.kautter@ey.com.
Unless otherwise noted, contributors are members of or associated with Ernst & Young LLP.
In This Department
Accounting Periods & Methods
Change in accounting method request does not qualify for audit protection
Consolidated Returns
Accounting period changes affecting CFCs and corporations exiting a consolidated group
Estates, Trusts & Gifts
Ninth Circuit affirms transferred residential property must be included in gross estate
Exempt Organizations
IRS releases new Form 8886-T and final instructions
Procedure & Administration
IRS issues second IDD on domestic production deduction
Real Estate
Service addresses REIT’s temporary investment of new capital
S Corporations
Prop. regs. reflect S corporation changes made by AJCA and GO Zone Act
Simplified method relief for late S and entity classification elections
Special Industries
Cash settlement and note from investment adviser are qualifying RIC income
Prop. regs. will eliminate federal tax benefit for many captive insurance companies
Tax Practice & Procedures
IRS issues IDD on contractual allowance issues in the health care industry
