Twelve Months Ending June 2002
See key to page references.

Accounting Methods & Periods
Accelerating deductions. 01:507.
Accounting-method changes, liberalized rules. 02:351, 354.
Adopting, changing and retaining accounting periods. 01:575.
Automatic depreciation-method changes. 01:578.
Burdensome lease, termination of. 01:435.
Capital items, expensing. 02:152.
Cash method, ability to use. 01:870; 02:79.
Component depreciation. 01:508, 647.
Cost-segregation study. 02:215.
Credit card fee income. 01:736.
ITC definition of personal property. 01:508, 647.
Lease-stripping and partnerships. 01:735.
LIFO
   benefits continuation after Sec. 721 transfer. 01:577.
   IPIC method. 02:358.
   simplified method. 02:80.
Like-kind exchanges, depreciation. 01:790.
MACRS
   election out of. 02:7.
   property reclassification under. 02:153.
   recovery period. 02:8.
Midquarter convention. 01:804.
Utility regulations. 02:151.

Bankruptcy & Insolvency
Bankrupt corporation's interest expense. 02:385.
Bankruptcy estate's administration expenses. 02:64.

Charitable Contributions
CRAT charitable deduction. 01:490.
Employer-sponsored leave-donation programs. 02:9.
Qualified appreciated stock requirement. 02:349.

Consolidated Returns
Aggregation of stock. 01:504.
Disallowed-loss rule. 01:603; 02:149, 156, 279, 362.
Duplicated losses. 02:280.
Interest netting. 02:276.
Off-Code amendment. 01:436.
Specified liability losses. 01:498, 584.
Tentative carryback adjustments. 01:582.

Corporations & Shareholders
Business purpose and economic substance. 01:736.
Closely held business, valuation of. 02:62.
Corporate
   income tax receipts (chart). 02:5.
   tax shelters. 01:572; 02:173, 212.
Debt relief as dividend. 01:644.
Disguised sales. 02:10.
Intercompany debt. 02:364.
Liquidations. 01:632.
Mergers
   asset sale after. 01:492.
   disregarded entities. 02:80.
   multiple, as A reorganization. 01:733.
Qualified small business stock. 01:462.
Recent developments. 02:18.
Redeemed shareholder's prohibited transactions. 02:268.
Redemptions. 02:81.
Reorganization, definition of. 02:158.
Sec. 338
   and Sec. 1060 final regs. 01:438.
   (h)(10) elections. 01:807.
Sec. 382 limit for controlled groups. 01:440.

Credits Against Tax
Disabled-access credit. 01:810.
Empowerment zones and renewal communities. 01:649.
New markets tax credit. 02:390.
R&E credit. 02:82, 181.
Saver's credit. 01:805.

Employee Benefits & Pensions
"Catch-up" contributions. 02:10.
Current developments. 01:762, 840.
Deducting qualified plan contributions. 01:444.
Deferred compensation
   alternatives to Sec. 457(f). 01:441.
   and unexercised options. 02:85.
Employer-paid tax preparation as fringe benefit. 01:816.
Frequent-flyer miles. 02:212.
GUST remedial amendments. 01:652; 02:4.
Health insurance, reimbursements of pre-tax contributions. 02:298.
IRAs
   RMDs. 02:82, 118.
   rollovers of S stock. 01:584.
   Roth IRAs. 01:654.
   substantially equal periodic payments. 01:792.
Minimum distribution rules. 01:657.
Nonqualified stock options. 02:160.
Plan inoculation language. 02:366.
Retirement plan assets and QDROs. 02:334.
Roth IRA conversion, failed. 02:203.
Sec. 457 coordination requirements. 01:811.
Sec. 1032. 01:585.
Split-dollar insurance. 02:216.
Stock options. 02:221.
   and employment taxes. 01:650; 02:282.

Estates, Trusts & Gifts
AICPA study. 01:292, 334.
Annual exclusion, maximizing use of. 01:470.
Disclaimers. 01:635; 02:224.
Durable power of attorney. 02:222.
EGTRRA, planning after. 01:588, 822.
Estate tax filing extension. 01:573.
Gift, donor income or gain. 02:42.
GRATs. 01:510.
   and FLPs. 01:722.
   contingent spousal annuity. 02:12.
GST exemption, late allocation relief. 01:862.
Innocent spouse relief elected by executor. 01:493.
IRA distributions to trust, income and principal. 01:661.
IRD planning. 02:248.
Prepaid tuition. 01:812.
Recent developments. 01:552, 618.
Sec. 643 prop. regs. 01:542.
Unfinished residence, value at death. 01:496.
Valuation
   closely held stock. 01:814.
   formula clause and gift tax. 01:793.

Exempt Organizations
Charities' payments. 02:4.
E-filing Form 990 series. 02:213.
E-mail confirmation of contribution. 02:349.
Exclusive provider arrangements and UBIT. 01:863; 02:13.
Exempt-bond kit. 01:645.
Foreign grant withholding requirements. 01:448.
Hospitals and private inurement. 01:445.
Intermediate sanctions regs. 02:161, 286.
Joint ventures with for-profit entities. 02:165.
Private foundations. 02:225.
Sec. 401(k) vs. 403(b) plan. 02:284.

Expenses
Business
   aircraft use. 02:138.
   airline vouchers. 02:337.
   capitalize vs. expense. 01:590, 662; 02:13, 368.
   captive insurance arrangements. 01:738.
   cell phones. 01:814.
   client costs. 01:449.
   compensation attributable to acquisitions. 02:288.
   covenant not to compete. 01:512.
      15-year amortization. 02:86.
   FDIC fees. 02:366.
   heavy maintenance. 02:226.
   impact fees. 02:289.
   legal fees. 01:513.
   loan
      acquisition costs. 01:590.
      origination costs. 01:740.
   offshore insurance. 02:229.
   origin-of-the-claim doctrine. 02:370.
   recurring expenses. 02:229.
   rentals to employers. 01:661, 724.
   Sec. 179 modification. 01:515.
   Sec. 266. 01:815.
   12-month rule. 02:290.
   underwriting fees. 02:404.
Interest, see "Interest Income & Expense."
Medical
   capitalize vs. deduct. 02:86.
   weight loss. 02:340.
Teachers. 02:277.

Foreign Income & Taxpayers
CFC buyer's Sec. 338 election and seller's FTCs. 01:450.
Check-the-box consequences for entities with zero-equity members. 02:294.
Dual-consolidated losses. 01:593.
ETI and FTC. 02:318, 328.
Expatriation. 02:292, 349.
Failure to file U.S. tax returns. 02:378.
Foreign
   -based income, frivolous filing position. 01:565.
   currency gains on foreign property, phantom. 02:377.
   income, exclusion of. 01:516.
   nationals, personal financial planning. 02:253.
   postmarks and timely filing. 01:452.
FSC Repeal and Extraterritorial Income Exclusion Act of 2000. 01:592;
   02:318, 328.
Future international tax issues (chart). 02:77.
German transfer-pricing rules. 02:292.
IRD. 01:516.
LLC treaty status. 01:596.
PFICs. 02:374.
Treaty-based return positions, reporting. 02:297.
U.K. tax treaty. 02:296.
U.S. residency planning. 01:696.
VAT on digital downloads. 02:381.
Withholding
   cross-border guarantee fees. 02:372.
   on international grantmaking. 02:166.
   step-transaction doctrine. 02:90.

Gains & Losses
Basis allocation to expected future property rights. 01:815.
Callable/puttable bonds. 02:168.
Capital gain exclusions for empowerment-zone and renewal-community
   investments. 01:518.
Casualty losses from terrorist attacks, quick refunds. 01:732.
Computing capital gains on sales of partnership and S interests. 02:28.
Five-year capital gain rates. 01:664.
ISOs and AMTNOLs. 01:665.
Like-kind exchanges
   disregarded entities. 01:522.
   reverse, safe harbor. 01:523.
Sec. 1033. 02:384.
Sec. 1041 gain nonrecognition. 01:524.
Specified loss carrybacks. 01:453.

Gross Income
Construction allowance in lease agreement. 01:636.
Employee loan vs. cash advance. 01:456.
Employer reimbursements to employees for health insurance salary
   reductions. 02:140.
Frequent-flyer miles. 02:270.
Insurance, restructured program. 02:170.
Reasonable compensation, closely held corporation. 01:666.
Sec. 83 issues. 01:454.
Sec. 280A rental income. 02:385.
Trust advisory fees. 02:230.

Individuals
AMT planning.
   checklist. 02:201.
   for ISOs. 01:248; 02:14.
Dependency exemptions, noncustodial parents. 01:527.
Depreciating like-kind exchange property. 01:790.
Divorce issues. 01:610.
Education
   credits. 01:669.
   IRAs. 01:573.
      vs. qualified tuition plans. 01:668.
   Sec. 529 plans, investment direction. 01:864.
EGTRRA provisions. 01:677.
Employer-paid tax preparation as fringe benefit. 01:816.
Federal government spending for 2003 (chart). 02:277.
Health insurance, reimbursements of pre-tax contributions. 02:298.
Hybrid vehicles. 01:670.
Itemizing vs. standard deduction. 02:349.
Patriot bonds. 02:77.
Personal residence, Sec. 121 gain exclusion. 01:573, 645; 02:14.
Qualified
   small business stock. 01:462.
   tuition programs. 01:597, 673, 864.
Real estate tax abatements for senior citizens. 02:65.
Tax freedom day (chart). 01:433; 02:349.
Teachers' expense deduction. 02:277.
Terrorist-attack relief. 02:213, 300, 313.
2002 inflation adjustments (chart). 01:805.
Unemployment benefits extended. 02:276.

Interest Income & Expense
Bankrupt corporations. 02:385.
Home mortgage interest. 01:529.

Legislation
Community Renewal Tax Relief Act of 2000. 01:649; 02:390.
EGTRRA. 01:432, 588, 597, 629, 672, 673, 677, 804, 811, 822, 862,
   864.
Education IRAs. 01:573.
FSC Repeal and Extraterritorial Income Exclusion Act of 2000. 01:592;
   02:318, 328.
Gramm-Leach-Bliley Act. 02:142.
Important dates in tax history (chart). 01:505.
Installment Tax Correction Act of 2000. 01:774.
Job Creation and Worker Assistance Act of 2002. 02:247, 276, 277, 405.
Terrorist attacks, proposed victim tax relief. 01:732, 733; 02:148, 213, 313.
Victims of Terrorism Tax Relief Act of 2001. 02:300, 313.

LLCs & LLPs
Tax accounting issues. 01:818.
Treaty status. 01:596.

Miscellaneous
Euro use. 02:5.
Federal government spending, 2003 (chart). 02:277.
FY 2002 surplus (chart). 02:149.

Partners & Partnerships
Anti-abuse rule. 01:865.
Current developments. 02:118.
Disguised sales. 02:15.
Electronic-filing requirement, hardship waiver. 02:301.
Lease strips. 01:735.
Liability allocation on partnership division. 01:741.
Nonvested profits interest. 02:172.
Partnership interests
   allocation of cash-basis items when interests change. 02:136.
   for services. 01:741.
   partial sale. 02:302.
   restricted, compensatory transfers. 02:232.
   with open service or construction contracts, sale of. 01:598.
Property co-ownership. 02:388.
Resale of self-developed property, avoiding rental income
   recharacterization. 02:402.
Sec. 197 anti-churning rules. 02:305.
Sec. 1503(d)'s effect on losses. 01:457.
Small returns, failure-to-file penalties. 01:819.
Trader partnership's operating expenses. 01:562.

Passive Activities
Mark-to-market election. 02:405.

Pensions
See "Employee Benefits & Pensions."

Personal Financial Planning
Active trader status and marking to market. 01:713.
College savings vehicles. 01:480.
Foreign nationals. 02:253.
Life insurance policies. 01:478.
PFS update. 01:480.
Post-EGTRRA analysis. 02:48.

Practice & Procedures
Circular 230 prop. regs. 01:746, 830.
Disaster relief. 02:64.
Electronic
   filing
      and magnetic media. 01:720.
      Form 1065, waiver. 01:719.
   record retention. 01:482.
Employee death and taxes. 01:716.
Innocent spouse. 02:259.
IRS
   audit plans. 01:717.
   CDP procedures. 02:262.
   customer-satisfaction survey. 02:65.
   restructuring updates on LMSB, SBSE and Appeals. 01:484; 02:52.
Loans to shareholders, market segment specialization program guidance.
   01:484.
SLL claims. 02:258.
Tax-shelter disclosure. 02:264.
Third-party authorizations. 01:719.

Practice Management
SOL on assessments. 02:395.
Tax Court petition filing by nonattorneys. 01:624.
Tax malpractice. 01:854.
Tax outsourcing. 02:198.

Procedure & Administration
Audit sampling. 02:148.
Basis-increase transactions as tax shelters. 02:173.
Burden-of-production requirement. 01:674.
Business disaster relief. 01:804; 02:64.
Cashflow problems. 02:93.
"Check-the-box" election, late, relief from. 02:306.
Credit/debit card tax payments. 02:77, 213.
Deficiency interest-free periods. 01:459.
Disaster area, terrorist attacks, redefined. 01:804.
Disclosure
   adequate. 02:66, 92.
   authorization. 01:461.
Electronic
   filing. 01:804.
   payee statements. 01:458.
Estimated tax payments, redesignating. 02:16.
Federal tax liens. 01:505; 02:348.
Foreign-based income, frivolous filing position. 01:565.
Fraud of spouse on split-gift tax return. 02:341.
Fringe-benefit plans, suspension of filing requirements. 02:406.
Frivolous tax arguments. 01:644.
Gramm-Leach-Bliley Act. 02:142.
Independent contractor vs. employee. 02:76.
Innocent spouse. 01:684, 796.
Joint return, unsigned. 02:142.
LMSB dispute resolution. 02:4.
Marital status change, documenting. 02:204.
Nonfiler initiative. 02:277.
Package X. 02:76.
Payroll taxes, reasonable cause for nonpayment. 01:741.
Practitioner hotline. 02:5.
Sec. 6330. 02:308.
Small-business threshold. 01:504.
Tax fraud. 01:572.
Tax shelter disclosure. 02:212.
Terrorist-attack victims, disaster assistance. 01:732.
   casualty loss quick refunds. 01:732.
   IRS toll-free number. 01:733.
   relief legislation. 01:733; 02:148, 213, 313.
Third-party designee. 02:148.
Zeroed-out return. 01:796.

Real Estate
REITs. 01:532.

S Corporations
Back-to-back loans. 01:604; 02:96.
COD income. 02:276.
Current developments. 01:704, 774.
Debt
   basis, structuring. 02:310.
   guarantees. 02:16.
Economic-outlay doctrine. 01:604, 742.
Eligible shareholders, controlling number of. 01:860.
PALs
   carried forward from C to S corporation. 02:233.
   suspended, from former C corporation. 01:536.
   suspended, recognition on transfer to family member. 02:266.
Payments to shareholders reclassified as wages. 01:819.
QSSTs. 01:644.
QSubs. 02:309.
Restricted stock. 01:534.
Sec. 338(h)(10) checklist. 02:174.
Self-charged management fees. 01:638.
S stock
   sale, computing stock and debt basis. 01:560.
   valuation, effect of income taxes on. 02:310.

Special Industries
Mining's receding-face doctrine. 02:97.
Mortgage servicing rights. 01:600.

State & Local Taxes
Amnesty. 01:630.
Corporate income tax developments. 02:188, 234.
Equipment-purchase tax credits. 01:675.
Escheat of unclaimed property. 01:464.
Illinois ICB. 02:312.
Massachusetts treatment of Sec. 338(h)(10) election. 01:744.
Michigan SBT. 01:539.
Mitigating startup investors' risk. 01:540.
Research resources. 02:398.
Sourcing. 01:745.
Streamlined sales tax project. 01:857.

Tax Education
Changes in the learning environment. 02:130.
ETI as case study. 02:328.
IRS Appeals process—case method and tax clinics. 01:558.
Uniform CPA examination. 01:785.

Tax Policy
AICPA
   10 guiding principles. 02:100.
   Tax Executive Committee initiatives. 01:556, 782; 02:128, 326.

Tax Technology
IRS Website, tax fraud. 01:572.