Accounting Methods &
Periods
Advance
payments. 04:470, 598.
AJCA
provisions
bonus depreciation on aircraft. 05:68.
FAS
No. 109 implications. 05:255.
FASB proposed guidance. 05:65.
leasehold improvements. 05:7.
motorsport racetracks. 05:9.
organizational expenditures. 05:8.
professional sports franchises. 05:9.
restaurant property. 05:7.
Sec. 179. 05:8.
start-up expenditures. 05:8.
utility grading costs. 05:7.
Debt
issuance costs. 05:130.
Intangibles capitalization. 05:253, 318.
Inventory. 05:320.
Tax
contingency reporting. 05:254.
Agriculture
Cooperatives of foreign members. 05:324.
Bankruptcy & Insolvency
NOLs.
04:523.
Pensions. 04:779.
Charitable Contributions
Conservation easements. 04:603.
Deferred giving techniques. 04:602.
Consolidated Returns
AJCA,
consolidated return regulatory authority. 05:9.
Calculating loss disallowance. 05:132.
Intercompany
interest for tax-exempt investing. 04:534.
loss disallowance. 04:406.
Corporations & Shareholders
AE tax.
04:584.
AJCA
provisions
divisive reorganizations, transfers to creditors. 05:12.
nonqualified preferred stock. 05:12.
Sec. 338(h)(10), estimated taxes. 05:12.
Sec. 357(c). 05:13.
AMT.
05:66.
Conversion to LLC. 04:666.
Debt
instruments and reorganizations. 04:532.
Exchange of net value requirements for nonrecognition. 05:253.
Expanded A reorg. requirements. 05:257.
Fringe
benefits of closely held corporations. 04:624, 686.
Nondividend distributions, reporting. 04:776.
Recent
developments. 05:32.
Sale or
exchange to corporation. 05:51.
Schedule M-3. 04:597; 05:189.
Sec.
351, boot and encumbered assets. 04:536.
Sec.
382, brotherly stock sale. 05:256.
Small
business stock, tax planning. 04:667.
Stock
bonuses to transfer control. 05:305.
Stock
transfer to creditors. 05:190.
Credits Against Tax
R&D
credit, gross receipts. 04:407.
R&E
credit. 05:136.
Targeted jobs credit. 04:719.
Depreciation
Bonus
depreciation on aircraft. 05:6, 68.
Income
forecast method. 04:510.
Land
preparation costs. 05:276.
Leasehold improvements. 05:7.
Motorsport racetracks. 05:9.
Professional sports franchises. 05:9.
R&E
credit, gross receipts. 04:407.
Restaurant property. 05:7.
Sec.
179. 05:8.
Start-up expenditures. 05:8.
Trucks
and vans (nonpersonal). 04:730.
Utility
grading costs. 05:7.
Employee Benefits & Pensions
Cafeteria plans. 04:607.
Current
developments. 04:694, 756.
Distributions and unrealized appreciation. 04:473.
Divorce
and transfers of NQSOs and deferred compensation rights. 05:191.
ESOP
redemption payment. 05:326.
HRAs
for former employees. 05:121.
HSAs,
FSA and HRA participants. 04:455.
Post-AJCA
nonqualified deferred compensation plans. 05:69.
QTPs,
nonindividual contributions. 04:683.
RMDs,
rollovers. 05:177.
Sec.
162(m) limits. 05:139.
Sec.
404(c) plan. 04:665.
Estates, Trusts & Gifts
Basis
for surviving spouse, pre-1977 property. 04:732.
Bona
fide sales. 04:670.
Disclaimer, vow of poverty. 05:196.
Donor-managed investment account technique. 05:193.
Estate
administration tips. 04:608.
planning with pensions. 04:731.
FLPs
bona fide transfers. 04:457, 720, 733.
indirect gift trap. 05:259.
planning. 04:750.
GRATs
S
corporation stock. 04:502.
zeroed-out. 04:474.
GST tax
deemed allocations, election out. 04:674; 05:64.
Form 8892. 05:316.
gift tax returns. 05:192.
IDGTs. 04:671.
missed allocations. 04:597.
predeceased parent rule. 04:734; 05:64.
Marital
deduction. 05:261.
Recent
developments. 04:554.
Repeal
or reform of transfer tax system. 04:620.
Sec.
643 final regs. 05:280.
Special
needs trusts. 05:40.
Special-use valuation. 04:434.
UGMA.
04:405.
Exempt Organizations
Audit
issues. 04:610.
Excess
benefit transactions. 04:410.
Nonprofit organization
reform. 05:252.
reporting controls. 05:264.
Expenses
Business
capitalize vs. expense
aircraft repairs. 05:328.
Sec. 179. 04:611.
separate and distinct asset test. 04:411.
Interest, see Interest Income & Expense.
Legal
fees, governmental investigations. 05:341.
M&IE,
use of statistical sampling. 04:539.
T&E
substantiation. 05:265.
Transportation, metropolitan area. 04:665.
Travel
allowances. 04:458.
Foreign Income & Taxpayers
Check-the-box, FPHC taint. 04:475.
Entering foreign markets. 04:560.
Estimating marginal rates. 04:630.
ETI
exclusion repeal. 05:13.
Expatriate, death. 05:196.
Export
tax benefits. 04:542.
Financial accounts, reporting and disclosing. 05:346.
Forms
of overseas operations. 05:156, 214.
FTCs
baskets. 05:76.
interest expense allocation and
apportionment options. 05:76.
supercharged. 05:80.
Japan
treaty. 04:533.
Partnerships
FTC
allocations, temporary regs. 05:354.
NRA
estate planning. 04:675.
PFICs and QEFs. 05:330.
Repatriation dividend deduction. 05:78.
Totalization agreements. 04:544.
Transfer-pricing rules. 05:266.
Gains & Losses
At-risk
regulations, disqualifying interests. 04:676.
Disposition of property in satisfaction of debt. 04:612.
Like-kind exchange
avoiding gain recognition. 04:451.
common problems and solutions. 05:204.
related-party. 05:188.
Notional principal contract regs. 04:414.
Post-AJCA
straddle rules. 05:334.
Profit
motive. 05:369.
Real
estate development. 04:734.
Sec.
1271(a). 04:415.
Gross Income
Claim-of-right doctrine. 05:197.
Class
action attorneys fees. 04:428.
Contingent fees. 04:479, 729; 05:178.
Disability pay. 05:307.
Lottery
payments. 05:370.
Sec.
199 domestic production activities. 05:339.
Structured settlements. 05:26.
Individuals
AJCA,
significant individual provisions. 05:92.
Alimony, unallocated support payments. 04:524.
Below-market loans to children. 05:175.
Clergy
housing allowances. 05:82.
Divorce
business succession planning. 04:744.
transfers of NQSOs. 04:468.
Employer-employee relationships. 05:142.
HSA
eligibility. 05:371.
Innocent spouse. 04:655; 05:53.
Investing in tax-efficient funds. 04:716.
IRAs
NOLs. 04:481.
60-day rollover. 04:484.
Military personnel. 05:87.
Retirement
community medical fees. 04:735.
planning. 04:729.
Sales
tax deductions. 05:128.
Same-sex marriages. 04:738.
Tax
freedom day. 04:533; 05:129.
2005
inflation adjustments. 05:65.
WFTRAs
individual income tax provisions. 05:98.
Interest Income & Expense
Bad
debt. 04:587.
Cessation of business, payment of debt. 04:566.
Earnings-stripping. 04:545.
Education loan interest. 04:614.
Investment interest deduction and qualified dividends. 05:317.
Legislation
American Jobs Creation Act of 2004. 05:4, 6, 7, 8, 9, 14, 16, 18,
19, 20, 22, 23, 68, 69, 76, 78, 80, 85, 92, 106, 148, 156, 196, 214,
232, 241, 242, 255, 334, 339, 347.
Extending moratorium on Internet taxes. 05:64.
Military Family Tax Relief Act of 2003. 05: 87.
Sale-in-lease-out. 05:252.
Sarbanes-Oxley Act of 2002. 04:571; 05: 170, 268.
Tsunami
aid, accelerated charitable deduction. 05:128.
Working
Families Tax Relief Act of 2004. 04:728; 05:87, 98.
LLCs & LLPs
Holding
period of interests. 04:679.
Issues
for small, privately held businesses. 05:24.
Self-employment tax. 04:404, 616.
Series
LLCs. 04:416.
Miscellaneous
AICPA
proposed business valuation standards. 05:253.
PCAOB
rules for tax services. 05:128.
Partners & Partnerships
AJCA
provisions
loss transfers, disallowance. 05:14.
organization and start-up expenditures. 05:14.
PTP
net income. 05:16.
satisfaction of debt with partnership interest. 05:16.
Sec. 734 basis reduction. 05:16.
Assessments. 04:679.
Corporate contributions. 05:119.
Current
developments. 05:106.
Elections grid. 05:200.
Minimum
gain. 04:653.
Partner, avoiding tax on outside income. 05:367.
Partnership interests
converting to corporation. 04:545.
formless conversions. 04:468.
Penalties
individual returns. 04:485.
late-filing relief. 04:489.
SE
exemption for retirement payments. 04:488.
Sec.
704(c). 04:546.
SILO
legislation. 05:252.
Passive Activities
Self-rental income. 04:780.
Pensions
See
Employee Benefits & Pensions.
Personal Financial Planning
AICPA
eldercare services. 04:404.
marketing. 05:229.
LTC
insurance. 05:45.
Private
annuities and Medicaid. 04:441.
Practice & Procedures
AJCA,
penalties for noncompliance with reportable transaction rules.
05:232.
IRS
compliance initiatives. 04:444; 05:49.
EITC pilot program. 04:448.
IDRs. 04:646.
Office of Taxpayer Burden Reduction. 04:445.
OIC
program. 05:48.
PFA
program. 05:236.
SBSE priorities. 04:649.
SSTS
Interpretation No. 1-2. 04:422, 496.
TEC
initiatives. 04:515, 710; 05:113, 297.
Practice Management
E-filing state tax returns. 04:766.
Elderly
clients. 04:469.
E-Services expanded. 05:316, 358.
SOA and
the accounting profession. 04:571.
Technology QC issues. 05:170.
Procedure & Administration
Adequate disclosure guidelines. 05:122.
AJCA
provisions
accuracy-related penalty for listed and
reportable
transactions. 05:19.
actions to enjoin tax shelter and reportable transactions. 05:19.
investor list maintenance. 05:20.
penalties
failing to disclose reportable transactions. 05:22.
failing to report interests in foreign financial accounts. 05:23.
on promoters. 05:22.
substantial understatement penalty for nonreportable transactions.
05:19.
regulation of individuals practicing before Treasury. 05:23.
SOL
for unreported listed transactions. 05:23.
tax
shelter exception to confidentiality privileges. 05:23.
tax
shelter registration. 05:18.
CARDS
transactions. 05:188.
E-filing
requirements. 05:252.
survey. 05:295.
FICA
financial hardship defense. 05:180.
teachers severance pay. 04:781.
Information reporting, employment tax
discrepancies. 04:664.
IRS
Data Book statistics. 05:317.
Penalty
suspension period for amended returns. 05:245.
Preparer signature options. 04:596.
Refunds
interest. 04:418.
SOLs. 04:650.
Reimbursement of parking expenses. 05:54.
Reportable transaction guidance. 05:84, 241, 242.
Responsible persons. 04:490, 588, 617.
Sec.
1441 voluntary compliance program. 05:142.
Small
business compliance tools. 04:405.
SOA,
accounting for income taxes. 05:268.
Tax
Court, special trial judge report. 05:308.
Tax
preparer regulation comments. 04:532.
U.S.
reportable requirements for Canadian RRSPs/RRIFs. 05:146.
Withholding on payments incident to divorce. 04:656.
Real Estate
AJCA
provisions. 05:85.
S Corporations
Bankruptcy. 05:56.
Cash
basis for certain expenses paid to shareholders. 05:239.
Controlled group elections and Sec. 179. 04:739.
Current
developments. 04:636, 702.
ESOPs.
04:493.
Excess
net passive income. 04:739.
GRATs.
04:502.
PALs,
loss deductibility. 04:520.
QSubs,
BIGs. 04:681.
Redemption treatment. 05:272.
Special Industries
Captive
insurance arrangements. 04:419.
State & Local Taxes
California
disclosure rules. 04:576.
franchise tax accrual. 04:420.
insurance company DRD. 05:143.
Current
corporate income tax developments. 05:162, 221.
Deductions, related-party interest and intangible expenses. 05:286.
Massachusetts same-sex marriage. 04:742.
Permanent sales tax deduction. 05:189.
Residency issues. 04:770.
Telecommuters. 05:360.
Tax Education
Incorporating tax reform into the curriculum. 05:299.
Student
training. 04:518.
Tax and
accounting educators. 05:115.
Tax
curriculum in accounting programs. 04:712.
Tax Policy
Social
Security white paper. 05:253.
Technology
VoIP. 05:274.
