
Table of Contents - october 2008
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.
Bullets indicate items in the Tax Clinic department.
Accounting Methods & Periods
Charitable Contributions
Prop. Regs Govern Charitable Contribution Substantiation and Reporting
Estates, Trusts & Gifts
Guidance Issued on Dividing CRTs, Assisting Divorcing Couples
• Using Debt to Leverage a Taxable Gift to a QPRT
Expenses
• Vacation Property: Rental and Resale
Commuting vs. Transportation: What Is Deductible?
Gross Income
• Selling a Business: Substance and Form Really Do Count
Individuals
Substantially Equal Periodic Payments from an IRA
Tax Aspects of an Author’s First Book
Sec. 6015 Does Not Preempt State Community Property Law for Refund Purposes
Legislation
Housing Act Contains Tax Provisions
LLCs & LLPs
Court Again Finds Cal. LLC Fee Unconstitutional
Asset Protection Planning with Limited Liability Companies
Partners & Partnerships
• Termination of a Partnership Interest
• Treatment of Investment Interest Expense Allocable to Partnership’s Trading Activity
Personal Financial Planning
A Case for Adding Personal Financial Planning Services to a CPA Practice
Practice & Procedures
• Extension of Time to File Is Not an Extension of Time to Pay
The Work of the IRS Practice and Procedures Committee
Power of Attorney: Limited vs. Full
Procedure & Administration
S Corporations
• S Corporation Shareholder Loans: A Cautionary Tale
• S Corporation Sale of Assets Followed by a Liquidation
Current Developments in S Corporations (Part I)
Special Industries
Court Rules on Sale of Ownership Rights in Insurance Company Demutualization
State & Local Taxes
• New Developments in the Texas Franchise Tax
