TaxClinic

Practical Advice
on Current Issues

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Editor:
Mark Garay, JD
Director
Deloitte Tax LLP
Washington, DC

IN THIS DEPARTMENT

Accounting Methods & Periods

Capitalizing and amortizing debt issuance costs

Consolidated Returns

Alternative approach for calculating loss disallowance on disposition or deconsolidation of subsidiary stock

Credits Against Tax

The final step in computing the R&E credit.

Employee Benefits & Pensions

IRS uncovers significant noncompliance with Sec. 162(m) limits

Individuals

IRS’s new position on employer-employee relationships and the definition of wages

Procedure & Administration

Sec. 1441 voluntary compliance program

 

State & Local Taxes

California reinstates insurance company DRD

If you would like additional information about these items, contact Mr. Garay at (202) 879-4989.

Unless otherwise indicated, contributors are members of or associated with Deloitte Tax LLP.