Table of Contents - September 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
• Installment Sales: Allocation of Installment Payments
• Tax Court Denies an Impermissible Accounting Method Change
Benefiting from a Fiscal Tax Year
Corporations & Shareholders
• IRS Clarifies Application of the Step-Transaction Doctrine
Credits Against Tax
• Alternative Simplified Method for Claiming the Research Credit
Employee Benefits & Pensions
AICPA Comments on Sec. 409A Correction Program
• IRS Increases Scrutiny of Performance-Based Plans Under Sec. 162(m)
• Ten Things to Know About the Roth 401(k)
Estates, Trusts & Gifts
Significant Recent Developments in Estate Planning
IRS Issues Proposed Ruling on Private Trust Companies
Gross Income
• Corporate Cancellation of Debt Relief
Individuals
Final Regs. Clarify “Counting Nights” Rule for Dependents
Partners & Partnerships
• IRS Flexes Its Muscles Under the Partnership Anti-Abuse Rules
Practice & Procedures
IRS Shortens Filing Extension Deadline for Some Entities
Practice Management
Creating Value in the Corporate Tax Function Through Benchmarking
Procedure & Administration
Temp. Regs. Give Guidance on Return Preparer Information Disclosures
• Disclosure Under the Preparer Penalty Prop. Regs.
An Analysis of the New Preparer Penalty Proposed Regulations
Tax Court Does Not Have Jurisdiction Over Duplicate Request for Relief
Special Industries
• Letter Ruling Reaffirms Favorable Treatment for Sale of Charter
• Transactions Between Private Equity Fund–Owned Portfolio Corporations: An Update
State & Local Taxes
• The Michigan Business Tax: New Developments
Comparing the Value-Added Tax to the Retail Sales Tax
