TaxClinic
Practical Advice
on Current Issues
.
Editor:
Annette B. Smith, CPA
Partner
Washington National Tax Service
PricewaterhouseCoopers
Washington, DC
Accounting Methods
& Periods
Final regs.
simplify LIFO IPIC method
Consolidated Returns
Consolidated
Sec. 108(b) attribute reduction—post-United
Dominion
Depreciation
Bonus
depreciation eligibility computation rules
Employee Benefits
& Pensions
Avoiding and
correcting problems with plan loans
New IRS
approach to stock-option compensation
Expenses
Capitalization
of intangibles
IRS concedes
deductions for company aircraft
Foreign Income &
Taxpayers
Conflict over
PTI
Potential
opportunity to increase FTC use
Significant
interpretation of treaty LOB provision
Gains & Losses
Tax planning
for NOLs in the carryback maze
Individuals
Disaster
relief requirements
Procedure &
Administration
Effect of
superseding returns
ERP systems
and record retention
Information-reporting
developments
Tax opinion
confidence levels
Taxpayer FSA
use
Taxpayer use
of statistical sampling
S Corporations
Acquisitions
by S corporations—beware the QSub election
State & Local
Taxes
States,
localities respond to Federal stimulus legislation
Unless otherwise indicated,
contributors are members of or associated with
PricewaterhouseCoopers.
If you would like additional
information about these articles, contact Ms. Smith at
(202) 414-1048 or annette.smith@us.pwcglobal.com .
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