TaxClinic
Practical Advice
on Current Issues
.
Editor:
Robert
Zarzar, CPA
Partner
Washington National Tax Service
PricewaterhouseCoopers
Washington, DC
If you would like
additional information about these articles, contact Mr.
Zarzar at (202) 414-1705.
Accounting
Methods & Periods
Termination
of burdensome lease
Consolidated
Returns
Impact of
off-Code amendment to consolidated return rules
Corporations
& Shareholders
Final regs.
under Secs. 338 and 1060 reflect significant changes
Sec. 382
limit—special rule for controlled groups
Employee
Benefits & Pensions
Deferred
compensation alternatives to Sec. 457(f)
FSA
200107012: new standard for deducting qualified plan
contributions?
Exempt
Organizations
Private
inurement considerations in recruiting physicians at
Sec. 501(c)(3) hospitals
Withholding
requirements for tax-exempt organizations making
foreign grants
Expenses
Costs
incurred on behalf of clients
Foreign Income
& Taxpayers
CFC buyer's
Sec. 338 election deprives seller of FTCs
Reliance on
foreign postmarks to establish timely filing of U.S.
tax returns
Gains &
Losses
DOJ brief
seeks to limit Sec. 172(f)
Gross Income
Sec.
83—uncertainty of transfers and nonlapse
restrictions
Was an
employee "loan" really a taxable cash
advance?
Partners &
Partnerships
Potential
impact of Sec. 1503(d) rules on losses incurred
through a domestic partnership
Procedure &
Administration
Furnishing
payee statements electronically
Recent
guidance extends deficiency interest-free periods
Taxpayers'
expanded ability to authorize disclosure of return
information
Unless otherwise indicated,
contributors are members of or associated with
PricewaterhouseCoopers.
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