TaxClinic

Practical Advice
on Current Issues

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Editor:
Frank J. OConnell, Jr., CPA, J.D.
Crowe Chizek
Oak Brook, IL

Consolidated Returns

Guidance on intercompany interest expense disallowance related to tax-exempt investments

Corporations & Shareholders

Sec. 351 transfers involving boot and encumbered assets

Expenses

Statistical sampling can increase M&E deductions

Foreign Income & Taxpayers

Tax incentives for exporters

Totalization agreements

Interest Income & Expense

Earnings-stripping trap

Partners & Partnerships

Converting a partnership to a corporation

Reverse Sec. 704(c) allocations for securities partnerships

State & Local Taxes

Hidden costs of the SSTP

Managing incentive compliance
  

If you would like additional information about these items, contact Mr. OConnell at (630) 5741619 or foconnell@crowechizek.com.

Unless otherwise indicated, contributors are members of or associated with Crowe Chizek.