Table of Contents - OCTOBER 2009
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.
Consolidated Returns
Final Regs. on Treatment of Controlled Services Transactions Under Sec. 482
Credits Against Tax
IRS Further Clarifies WOTC “Disconnected Youth” Definition
Proposed Regs. Would Simplify Reduced Research Credit Election
Employee Benefits & Pensions
• Roth IRA Conversions in 2010
Estates, Trusts & Gifts
Last-Minute Estate Planning for 2009: Focus on the GST
Check-the-Box Regs. Do Not Affect the Valuation of LLC Interests
Expenses & Deductions
• Tax Court Addresses Leasehold Improvements as a Substitute for Rent
Foreign Income & Taxpayers
IRS Extends FBAR Filing Date for 2008 Filings
• Report on Foreign Bank and Financial Accounts: Compliance and Controversy
New Form 926: Return by a U.S. Transferor of Property to a Foreign Corporation
Gross Income
IRS Provides Guidance on Election to Defer COD Income
• Income from Sales or Settlements of Life Insurance Contracts
Individuals
Individual Taxation Report: Recent Developments
LLCs & LLPs
• Passive Activity Rules Not Presumed to Apply to LLCs and LLPs
Contributions of Property to an LLC
Partners & Partnerships
• Impact of Anticipated COD Income on Investors Joining Existing Partnerships
Personal Financial Planning
Into the Medicare Maze: Decisions Facing Seniors
Practice & Procedures
IRS Practice and Procedures Committee Update
Making the Most of Qualified Offers
Tax Accrual Workpapers Not Protected by Work-Product Privilege
Procedure & Administration
IRS Proposes Allowing Contingent Fees in More Circumstances
• Changes to Estimated Tax Payment Requirements
Interest-Free Period Under Sec. 6601(c)
The National Taxpayer Advocate’s Annual Report to Congress (Part II)
S Corporations
Current Developments in S Corporations (Part I)
State & Local Taxes
• New York Eliminates Temporary Stay Residency Exception
Tax Accounting
• Indefinite-Lived Assets in Tax Provision
