TaxClinic

Practical Advice
on Current Issues

Editor:
Terence Kelly, CPA
Partner
BDO Seidman, LLP
Phoenix, AZ

IN THIS DEPARTMENT

Accounting Methods & Periods

Tax contingency reporting

The AJCA’s FAS No. 109 implications

Corporations & Shareholders

Brotherly stock sale caused an ownership change

Expansion of A reorg. provisions

Estates, Trusts & Gifts

FLPs and the indirect gift trap

Lack of entitlement to current income doomed marital deduction

Exempt Organizations

All eyes on the nonprofit community

Expenses

T&E substantiation

Foreign Income & Taxpayers

Not all transfer-pricing rules are created equal

Procedure & Administration

Accounting for income taxes in the post-SOA world

S Corporations

Seller’s continuing ties to S corp. did not disqualify redemption treatment

Technology

Should VoIP be taxed

If you would like more information about these items, contact Mr. Kelly at (480) 659-3549 or tkelly@bdo.com.

Unless otherwise indicated, contributors are members of or associated with BDO Seidman, LLP.