TaxClinic

Practical Advice
on Current Issues

Editor:
Mark Garay, J.D.
Director
Deloitte Tax LLP
Washington, DC

IN THIS DEPARTMENT

Consolidated Returns

Sec. 199 Prop. Regs. clarify treatment of intercompany transactions

Credits Against Tax

Developing a consistent approach to the Sec. 41 research credit

Overview of 2005 developments on the research credit

Employee Benefits & Pensions

Tax consequences of home purchase programs for relocating employees

Expenses

IRS rules on the commission-based exception to Sec. 162(m)

Gains & Losses

Hedge identification and timing rulestraps for the unwary

A primer on individual NOLs

Special Industries

Third Circuit addresses burden of proof in valuing intangibles

If you would like additional information about these items, contact Mr. Garay at mgaray@deloitte.com.

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