¹For a discussion of additional first-year depreciation and NOL carrybacks, see Karlinsky, “Job Creation and Worker Assistance Act of 2002,” 33 The Tax Adviser 247 (April 2002).

²See Notice 2001-76, IRB 2001-52, 613, and Rev. Procs. 2002-9, IRB 2002-3, 327, 2002-19, IRB 2002-13, 696 and 2002-28, IRB 2002-18, 815; see also AICPA Tax Accounting Technical Resource Panel, “Use of Cash Method by Small Businesses,” 33 The Tax Adviser 522 (August 2002).

³Rev. Proc. 2002-19, note 2 supra.

⁴David A. Gitlitz, 531 US 206 (2001), rev’g 182 F3d 1143 (10th Cir. 1999).

⁵Charles E. Yates, TC Memo 2001-28.

⁶Est. of Alton Bean, 268 F3d 553, aff’g TC Memo 2000-355.

⁷Christopher K. Cox, TC Memo 2001-196.

⁸Robert Griffin, TC Memo 2002-6.

⁹Jerry L. Thomas, TC Memo 2002-108.

¹⁰IRS FSA 200207015 (11/15/01).

¹¹IRS FSA 200223052 (5/7/02).

¹²Veterinary Surgical Consultants P.C., 117 TC 141 (2001).

¹³Yeagle Drywall Co., Inc., TC Memo 2001-284.

¹⁴Olde Raleigh Realty Corp., TC Summary Op. 2002-61.

¹⁵Coggin Automotive Corp., 11th Cir., 6/6/02, rev’g 115 TC 349 (2000).

¹⁶IRS Letter Ruling (TAM) 200214007 (12/13/01).

¹⁷Charles C. Allen III, 118 TC 1 (2002).

¹⁸Rev. Rul. 2001-50, IRB 2001-43, 343.

¹⁹Rev. Proc. 2001-51, IRB 2001-43, 369.

²⁰IRS Letter Ruling 200205028 (10/31/01).

²¹IRS Letter Ruling 200134022 (5/30/01).

²²See Orbach, Karlinsky, et al., “S Corps: Sec. 338(h)(10) Checklist,” 33 The Tax Adviser 174 (March 2002) if a transaction involves the taxable acquisition by or of an S corporation.

²³IRS Letter Ruling 200123006 (3/6/01).

²⁴IRS Letter Ruling 200141045 (7/18/01).

²⁵IRS Letter Ruling 200205001 (10/28/01).

²⁶Douglas P. McLaulin, Jr., 276 F3d 1269 (11th Cir. 2001), aff’g 115 TC 255 (2000).

²⁷REG-126485-01 (11/15/01).

²⁸REG-106186-98 (5/16/00).

²⁹IRS Letter Ruling 200150009 (9/6/01).