TaxClinic

Practical Advice
on Current Issues

Editor:
Kevin F. Reilly, J.D., CPA
PKF Witt Mares
Fairfax, VA

IN THIS DEPARTMENT

Corporations & Shareholders

Stock warrants and options: compensation or investment sweetener?

Exempt Organizations

Beware U.S. tax rules on grants to foreign organizations

E-filing requirements for exempt organizations

Nonprofit key members’ use of apartment

Expenses

Deductibility of feasibility studies

Foreign Income & Taxpayers

New subpart F lookthrough rules

The increased costs of working abroad

Individuals

Applying the above-the-line deduction for certain legal fees

Education-related medical expenses for special-needs individuals

Legislation

PPA ’06 addresses more than pensions

Procedure & Administration

IRS’s Collection Appeals Program

If you would like additional information about these items, contact Mr. Reilly at (703) 385-8809 or kreilly@pkfwittmares.com.

Unless otherwise indicated, contributors are members of PKF North American Network.