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Table of Contents
October 2005

Note: In accordance with IRS Circular 230, Regulations Governing the Practice of Attorneys, Certified Public Accountants, Enrolled Agents, Enrolled Actuaries, and Appraisers before the Internal Revenue Service, the information on this website is not intended or written to be used as, and cannot be used as or considered to be a “covered opinion” or other written tax advice, and should not be relied on for the purpose of (1) avoiding tax-related penalties under the Internal Revenue Code or (2) promoting, marketing or recommending to another party any transaction or tax-related matter(s) addressed herein, for IRS audit, tax dispute or other purposes.

Asterisks indicate items in the Tax Clinic department.
 

Accounting Methods & Periods

  * Common Schedule M-1 Adjustments
    FASB Exposure Draft on Uncertain Tax Positions
    Self-Constructed Property Eligible for Simplified Capitalization Methods
 
Employee Benefits & Pensions
   

Roth Sec. 401(k) Prop. Reg. Comments

  * Providing Plan Administrative Services Results in Potential Liability
  * Stock-Based Compensation Reporting Issues
     

Estates, Trusts & Gifts

   

FLPs and Sec. 2036(a)

     
Expenses
  * Dyslexia Program Tuition Was a Deductible Medical Expense
  * Horse Owners and Sec. 183 Challenges
    Should Taxes Be Included in Damage Calculations? by Robert W. Wood
     

Gains & Losses

  * Equipment Leasing Losses Were Not Passive     

 

Gross Income

  * Determining Qualifying Construction-Related Gross Receipts under Sec. 199
  * Lessee Construction Allowances
     

Individuals

  *

Planning Opportunities for the Sale of Appreciated, Dual-Use Property under Rev. Proc. 2005-14

Legislation

    Energy-Efficient Buildings
     
LLCs & LLPs
    Converting a Sole Proprietorship into an LLC
     
Personal Financial Planning
    Partnership Interest for Services Regs. Offer Estate Planners a Bona Fide Solution
     
Practice & Procedures
    Chief Tax Officer Reporting Structures by Jasper L. Cummings, Jr.
    Digest of Recent IRS Initiatives and Realignments
    Circular 230: New Rules on Written Tax Advice
    SE Tax of LLC Members
     
Procedure & Administration
    Hurricane Katrina
    Capital Gain Compliance
    Tax Work by Auditors
     
Real Estate
  * Securing Capital Gains on Development Property
     
S Corporations
  * Reasonable Compensation and SE Taxes
    Current Developments (Part I) by Hughlene Burton and Stewart S. Karlinsky
     
State & Local Taxes
  * Substance-over-Form Doctrine in Multistate Taxation
Reader Survey

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2005 AICPA