TaxClinic
Practical
Advice
on Current Issues
.
Editor:
David Madden, J.D., LL.M.
Principal
Washington National Tax Service
KPMG LLP
Washington, DC
Accounting Methods & Periods
Guidance on accounting method
changes for intangibles
Credits Against Tax
Affect of research credit final
regs. on documentation
Depreciation
Practical application of the new
MACRS depreciation regs.
Employee Benefits & Pensions
Rev. Rul. permits allocation of
expenses to former employees
Expenses
Final regs. on capitalizing
transaction costs
Settlement payment held
deductible under Sec. 162(a)
Foreign Income & Taxpayers
PFIC deferred tax amount: timing
is everything
Gross Income
Debt reduction is not a purchase
price reduction
State & Local Taxes
Louisiana nexus developments
NY administrative ruling
addresses numerous apportionment issues
NYC ruling upholds royalty
deductions
If you would like additional
information about these items, contact Mr. Madden at (202) 533-3056 or
dmadden@kpmg.com.
Unless otherwise indicated,
contributors are members of or associated with KPMG.
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