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Table of Contents
November 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.
 

Consolidated Returns

  * Revamped Dual Consolidated Loss Regs.
 
Employee Benefits & Pensions
    Current Developments (Part I) by Deborah Walker and Michael Haberman
    Retiree Coverage under Medical Reimbursement Plan
     

Estates, Trusts & Gifts

   

Contributions of Motor Vehicles, Boats and Planes

  * Est. of Strangi Finally Settled
  * Estate and Trust Investment Advisory Fees: 2% Limit Applies
     
Expenses
    Stock Options and Cost-Sharing Agreements
    Mileage Rates
  * Deductibility of Pre-Demolition Payments to Tenants
    Allocation of Employee Stock Options to Cost-Sharing Agreement
     

Gross Income

  * The Kiddie Tax on Qualified Dividends and Net Capital Gains   
    Tool Allowances Must Be Based on Actual Cost

 

Individuals

  * Energy Policy Act of 2005 Offers Significant Tax Breaks
    Sale of a Residence and Like-Kind Exchanges (Part I) by Kenneth N. Orbach and Steve Dilley
    Using Trusts in Divorce Tax Planning
     

Legislation

  Congresss Tax Double Header

Practice & Procedures

    TEC Initiatives
     
Procedure & Administration
    Disaster Relief
     
Real Estate
  * Like-Kind Exchanges and QIs
     
S Corporations
  * S Corp. Salary Limits
    Current Developments (Part II) by Hughlene Burton and Stewart S. Karlinsky
     
State & Local Taxes
  * Home InteriorsMore Work for the Texas Legislature?
     
Tax Education
    Fitting Tax Policy into Tax Curricula
Reader Survey

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2005 AICPA