| Taxation for Accountants 1987 |
| Title | Subject | Authors |
|---|
| Adjusted gross income determination increases in importance as a result of Tax Reform Act. | Business | John David Zook |
| Alimony payments may be made in as few as three years and still be deductible. (Tax Reform Act of 1986) | Business | |
| Auto depreciation is now limited after the Tax Reform Act, but advantages still exist. (business expenses) | Business | Robert E. Nelson |
| Availability of the installment method is limited or eliminated after tax reform. | Business | James Volpi |
| Benefits of low-income housing reduced, but those of REITs increased by the new law. (real estate investment trusts and the Tax Reform Act of 1986) | Business | Deborah E. Eisenstadt, Peter Giroux |
| Benefits of Simplified Employee Pensions expanded by Tax Reform Act of 1986. | Business | John R. Connell, Michelle Bandhauer |
| Business purpose tests issued for tax year changes of partnerships, S corporations. | Business | |
| Cafeteria plans add flexibility to benefit programs while keeping after-tax costs down. | Business | Claire A. Weiler |
| Changes in depreciation bring renewed importance to anti-churning rules. (Tax Reform Act of 1986) | Business | Paul A. Speaker, Walter M. McGrail |
| Changes in individual retirement account rules made by TRA '86 amplified by IRS. (the Tax Reform Act of 1986 and rule amplifications by the Internal Revenue Service) | Business | |
| Changes in the tax consequences of divorce require revised planning strategies. | Business | Louise Jackson |
| Choice or change of taxable year still offers opportunities for tax savings. | Business | Scott M. Pollack, Alan M. Frank, John C. Hook |
| Choosing the right type of mortgage and determining how best to treat loan costs. | Business | Ronald S. Schacht, Robert M. Pardes |
| Client may lose refund when practitioner fails to follow procedural guidelines. (tax refunds that can be lost due to poor tax preparation) | Business | Joe R. Honeycutt Jr., Phyllis Webster |
| Coping with fluctuating interest rates when deferred payment obligations are used. | Business | Jeffrey N. Perrone, Mark S. Smith |
| Corporate recaps continue to be effective estate planning vehicles after tax reform. (recapitalizations) | Business | Andrew D. Frieze, Steven H. Goldman |
| Corporations can use a partnership to increase benefits from R&D expenses. | Business | James C. Zinman |
| Cost increases for misclassifying a worker as an independent contractor. | Business | Laura A. Quigley |
| Creditors, non-officers, and others may be liable for unpaid withheld taxes. (liability for unpaid payroll taxes) | Business | Michael J. Tucker, Richard J. Bednar |
| Distributions through related corporations may still produce unfavorable results. | Business | Robert M. Kozub, Kathy D. Heuer |
| Does recent decision defining trade or business extend beyond the full-time gambler? (Groetzinger case) | Business | David R. Frazer, Cathy L. Brady |
| Election to amortize start-up costs is more extensive than first appears. | Business | Nancy J. Stara |
| Estates with tax shelter interests face new problems as a result of Tax Reform Act. | Business | Warren K. Racusin |
| Even unsuspecting corporations may be liable for tax on unreasonably accumulated earnings. (taxes assessed on accumulated earnings and the Tax Reform Act of 1986) | Business | John H. Milne |
| Fringe benefits subject to complex new antidiscrimination rules by Tax Reform Act. | Business | Elliott P. Footer, John A. Sczepanski |
| Guidance issued on employee benefit areas under TRA '86. (Tax Reform Act of 1986) | Business | |
| Guidelines for allocating interest expense provided in new temporary regulations. | Business | |
| Holding tax-exempts may not necessarily result in loss of interest deduction. | Business | David M. Sigal, Christopher M. Flanagan |
| Home office deduction has been narrowed, but is still available after the Tax Reform Act. | Business | Neil B. Godick, Gene S. Godick |
| How and when business equipment is disposed of can affect the tax consequences. | Business | Joseph F. Scutellaro, Frank A. Caratzola |
| How corporations can take maximum advantage of the charitable contribution deduction. | Business | Walter Finan |
| How IRS will determine who is an employee. | Business | |
| How S corporation shareholders can turn the one-class-of-stock limit to their advantage. | Business | Darla M. Romflo |
| How to avoid withholding on dividends and interest. | Business | |
| How to ensure that the corporate entity will be recognized for federal tax purposes. | Business | Douglas P. Krevolin |
| How to lessen the tax and administrative burden of the new uniform capitalization rules. | Business | Herbert J. Guarascio |
| How to make sure that payments to partners qualify for treatment as guaranteed payments. | Business | Rudolph R. Ramelli |
| How to make the most of the remaining deductions under the new law. (Tax Reform Act of 1986) | Business | Dene A. Dobensky |
| How to repair errors that occur in an accountant's everyday tax practice. | Business | Denzil Y. Causey Jr. |
| Immediate action needed to prevent unwanted distributions from qualified plans in 1987. | Business | Howard M. Esterces |
| Impact of changed depreciation rules and repealed investment credit on planning. | Business | Stephen A. Terry |
| Income can be deferred without running the risk of constructive receipt being applied. | Business | Judith H. Pizzica O'Dell |
| Increased number of products offered by computerized batch and on-line processors. | Business | |
| Installment sale payments can be secured without triggering immediate gain. (taxation of installment sales) | Business | |
| Intent to compensate for personal services is a necessary component for deductibility. | Business | Anne Isaacs, P. Michael Davis |
| Interest-free loans and other planning tools that can still be used to shift income. | Business | Anthony P. Monzo, Robert N. Polans |
| IRAs after the Tax Reform Act of 1986: to contribute or not to contribute. | Business | Richard E. Coppage |
| IRS provides MACRS class lives, depreciation tables. (modified accelerated cost recovery system) | Business | |
| Key employees in group-term insurance plans adversely affected by Tax Reform Act. (Tax Reform Act of 1986) | Business | |
| Key to interest deductions is proper tracing of borrowed funds, according to new Regs. (tax regulations) | Business | Glen E. Davis, Steven E. Golden |
| Laser printing, electronic filing spur change to in-house computer tax preparation. | Business | Robert E. Nelson, Joseph W. Langer |
| Loss of IRA deductions makes 401(K) plans more attractive despite new limits. (individual retirement accounts and taxation) | Business | Peter L. Knox |
| Many accounting practices will have to be changed as a result of the Tax Reform Act. | Business | Frederick C. Tinsey |
| Mixed use of vacation home requires planning to avoid disallowance of related deductions. (taxation of vacation home rentals) | Business | Neil B. Godick, Robert Dunne |
| Model amendments issued for master and prototype plans. | Business | |
| More than 100 million individual returns filed. (taxes) | Business | |
| Most full-time farmers not affected by adverse provisions in Tax Reform Act. | Business | Robert C. Estes, Donald W. Butwill, David H. Wolfe |
| Most transfers of partnership interests are required to be reported to the Service. (tax reporting to the Internal Revenue Service) | Business | |
| Net operating carryforward limits are described in new regulations. (Proposed and Temporary Regulations of the IRS) | Business | |
| New double tax on liquidations can be avoided by certain corporations that act promptly. (tax planning to avoid recognizing gain on liquidated assets) | Business | Boyd A. Blackburn Jr., Robert W. Wood |
| New estate and trust estimated tax rules. | Business | |
| New law taxes excess distributions and contains additional restrictions on plans. (Tax Reform Act of 1986) | Business | Robert J. Stokes, Eva Rasmussen |
| New limits on meal and T & E deductions are effective now even for fiscal-year taxpayers. (ceilings on business travel and entertainment deductions) | Business | |
| New nondiscrimination rules require careful review of all retirement plans. (retirement plans and the Tax Reform Act of 1986) | Business | Mary A. Brauer |
| New Regs show how to make book income adjustment for corporate minimum tax. | Business | |
| New restrictions on use of net operating losses when there is a change in corporate ownership. (taxation of business losses) | Business | Shaya Schimel, Arthur Innamorato |
| New tax on excess distributions from retirement plans requires revised planning. | Business | Wendy Widmann, Thomas J. Manning Jr. |
| Opportunities, alternatives and issues under the uniform capitalization regulations. (first of two articles) | Business | Herbert J. Guarascio |
| Options available when a family corporation no longer is an operating entity. | Business | Marc P. Blum |
| Partnership audit Regs. are now effective. (Temporary Regulations issued by the IRS related to partnership audits) | Business | |
| Passive activity and consumer interest rules require new planning for vacation home owners. | Business | Ronald J. Copher |
| Passive loss rule substantially restricts utility of tax-sheltered investments. (Section 469 of the Tax Reform Act of 1986) | Business | Robert K. Neilson, Kim I. Slaugh |
| Penalties and estimated tax payments for individuals and entities are now tougher. | Business | Dennis R. Schmidt, Thomas C. Pearson |
| Personal exemption phaseout complicates 1988 tax tables for every filing status. | Business | Lance W. Rook |
| Planning strategies that will keep personal injury damages excluded from income. | Business | Jeffrey L. Patterson, Bruce J. Squillante |
| Planning strategies to minimize the effects of the individual alternative minimum tax. | Business | Robert M. Kozub, Radie Bunn |
| Production and acquisition inventory costs no longer deductible under new rules. (accounting for inventory expenses under the Tax Reform Act of 1986) | Business | Frederick C. Tinsey |
| Prompt action needed to obtain full benefits of a liquidation followed by a reincorporation. | Business | Jack F. Thorne |
| Property acquisitions by partnerships affected by partners' tax status. | Business | Steve M. Meston, Robert J. Mitchell |
| Protection from liability available under innocent spouse rule when a joint return was intended. | Business | John D. Rice |
| Purchase and ownership of a residence can provide many tax savings opportunities. | Business | Mindy P. Hupp |
| Purchase price allocations restricted by Tax Reform Act of 1986. | Business | Harold E. Abrams, Gregory K. Cinnamon |
| Qualifying for early reelection of S status can achieve tax savings after tax reform. (tax consequences of continuing or terminating status as a Subchapter S corporation) | Business | Henri C. Pusker |
| Real estate reporting requirements in new Regs. (proposed and temporary regulations) | Business | |
| Recent changes affect selection of best method of accounting to report income and deductions. | Business | Zev Landau |
| Reorganization instead of liquidation may accomplish same result with much less tax. | Business | Michael G. Brandt, David M. Maloney |
| Restrictions on use of the cash method explained by new regulations. | Business | |
| Rules on plan distributions and rollovers modified by new law, but many options remain. (Tax Reform Act of 1986) | Business | |
| Sale of partnership interests can produce unexpected tax results without proper planning. | Business | Douglas W. Banks, David E. Karr |
| Separate corps. ignored in determining reasonable pay. | Business | |
| Service issues accrued vacation pay election guidelines under Section 463. (Internal Revenue Service) | Business | |
| Service issues guidelines describing accounting for long-term contracts. (Internal Revenue Service) | Business | |
| Should a small business make the S election after the Tax Reform Act of 1986? | Business | Gary A. Zwick |
| Simplified method for inventory costs eases recordkeeping, but is not for every taxpayer. | Business | Kurt W. Heinrichson |
| Some planning is available to mitigate the effect of the passive loss rules. (rules and regulations governing taxation of business losses) | Business | Robert K. Neilson, Kim I. Slaugh |
| Spin-offs, split-offs and split-ups remain tax favored despite the Tax Reform Act of 1986. (taxation of corporate reorganizations) | Business | Ross S. Friedman |
| Stock sale did not negate continuity of interest. | Business | |
| Stock surrender does not result in immediate loss deduction, says S. Ct. (Supreme court) | Business | Laurence Keiser |
| Structuring a partner's retirement to achieve the best results for partner and partnership. | Business | J. Ronald Shiff, Zelig Robinson |
| Tax savings through income splitting still available after Tax Reform Act. (shifting tax liability among family members) | Business | John W. Bowman |
| Tax strategies especially designed for disabled or handicapped individuals. | Business | Ken Milani, Claude D. Renshaw |
| TC shows when sale-leaseback will be recognized. (tax court) | Business | |
| TRA has new limits on plan benefits, allocations and covered compensation, as well as ESOP changes. (the Tax Reform Act of 1986 and employee stock ownership plans) | Business | Robert J. Stokes, Eva A. Rasmussen |
| Transferring cash or property to a partnership can be a taxable or nontaxable transaction. | Business | Albert S. Rose Jr. |
| Treatment of commercial and residential real estate costs depends on many variables. | Business | Philip R. Light |
| Unplanned sale of corporation can result in extra tax to its shareholders. | Business | Steven C. Thompson |
| Use of trust as part of estate plan need not void S corporate election. | Business | Steven L. Gleitman, Anatole Klebanow |
| Using insurance trusts to increase unified credit, avoid kiddie tax, and fund education. | Business | Steven L. Gleitman |
| Using microcomputers for in-house tax return preparation: criteria for software selection. | Business | Harold C. Gellis |
| When and how to analyze a tax shelter that a client has or is considering. | Business | Wallace L. Head |
| When should taxpayers agree to extend the time that the Service has to examine a return? (IRS) | Business | Martin A. Schainbaum |
| When should the election to be excluded from the partnership tax provisions be made? | Business | William Sidney Smith, Ronald L. Mountsier |
| When will gain be recognized on an otherwise tax-free incorporation? | Business | |
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