TaxClinic

Practical Advice
on Current Issues

Editor:
Terence E. Kelly, CPA
Partner
BDO Seidman, LLP
Scottsdale, AZ

IN THIS DEPARTMENT

Accounting Methods & Periods

FIN 48 and R&D tax credits

Must a valuation allowance be recorded against a deferred
tax asset?

Corporations & Shareholders

New regs. clarify stock distribution requirement in acquisitive
D reorganizations

Depreciation

Depreciation method changes

Exempt Organizations

New disclosure requirements for Form 990-T

Foreign Income & Taxpayers

Changes to subpart F services “substantial assistance

U.S. investment in German REITs

Withholding requirements for nonresident directors’ fees

Special Industries

Captive insurance companies: opportunities and pitfalls

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