CHARITABLE CONTRIBUTIONS

Gifting of a Remainder Interest in a Home

CREDITS AGAINST TAX

The WOTC Expanded

DEPRECIATION

Lease Termination Payments

Placed-in-Service Decision Requires Careful Planning

ESTATES, TRUSTS & GIFTS

Prop. Regs. Address Deductibility of Trust and Estate Costs

EXPENSES

Hurricane GO Zones: An Update on Relevant Tax Provisions

New Prop. Regs. Clarify Tax Deductible Entertainment Use of Private Aircraft

FOREIGN INCOME & TAXPAYERS

How to Avoid Triple Taxation Under the Branch Profits Tax and FIRPTA

Notice 2007-13: Loosening the Rules Surrounding Substantial Assistance

U.S. Individual’s Investment in Overseas Rental Property

GROSS INCOME

Exercise of Options Using Borrowed Funds

Tax Treatment of Compensation Received as a Nonprofessional Representative

INTEREST INCOME & EXPENSE

Interest Deduction on Debt-Financed Distributions

PROCEDURE & ADMINISTRATION

Collection Due Process Hearing Regs. Upheld

S CORPORATIONS

QSubs Recognized as Separate Entities for Employment and Excise Taxes

STATE & LOCAL TAXES

Who Is Subject to the New Texas Margin Tax?