| Taxation for Accountants 1990 |
| Title | Subject | Authors |
|---|
| A covenant not to compete still can provide tax savings to a buyer. (Accounting) | Business | Michael Schlesinger |
| Adjusted current earnings (not quite E&P) must now be calculated to determine the AMT. (earnings and profits) (alternative minimum tax) | Business | Mark A. Vogel, Steven M. Helmbrecht |
| Agency relationship found despite facade of independence. (Real Estate) | Business | |
| Allocable installment indebtedness continues to haunt some, but escape hatches remain. (tax treatment of pre-1988 installment sales) (Accounting) | Business | Donald L. Massey |
| Alternative method will substantiate business use of an automobile. | Business | |
| Anti-discrimination Proposed Regulations offer useful safe harbors for qualified plans. | Business | Carolyn S. Nestingen |
| Avoiding constructive dividends when the Service reconstructs corporate income. (Corporation-Shareholders) | Business | Melvyn Poswolsky |
| Benefit plans are becoming a major consideration in mergers and acquisitions. | Business | Susan P. Serota, Sheldon A. Gamzon |
| Business and personal use affect vacation home sales. | Business | Wayne G. Bremser, Michael P. Licata, James C. Fee |
| Can a simple accounting entry result in a taxable dividend? (How Would You Rule?) | Business | |
| Capital asset status of stock received in an acquisitive reorganization now more certain. (Corporation-Shareholders) | Business | Arthur D. Karlin |
| Captive insurance premiums paid to another subsidiary are deductible. | Business | Richard B. Toolson, Jack F. Truitt |
| Controlling taxable estates of executives means planning now. | Business | Bobby C. Aniekwu |
| Corporate level taxes continue to provide problems for corporations electing S status. (S Corporations) | Business | Bruce J. Squillante, Timothy D. Hernly |
| CPA tax questions. | Business | Israel Blumenfrucht |
| CPA tax questions. (certified public accountant) | Business | Israel Blumenfrucht |
| Cross-purchase agreements now are often more beneficial than redemption agreements. (Corporations-Shareholders) | Business | Richard A. Sugar |
| Deductibility of S corporation losses often is needlessly restricted. (S Corporations) | Business | Robert J. Stommel |
| Deducting interest paid to foreign or tax-exempt related entities is now tougher. | Business | David R. Hardy, Paul D. Wigg-Maxwell |
| Deferring estate tax payments is a valuable option for closely held businesses. | Business | Mark A. Segal |
| Distributions based on need bar QTIP treatment. (qualified terminable interest property, marital deductions) | Business | |
| Elections provide post-mortem tools for reducing or deferring estate liabilities. (Estate Planning) | Business | Greg R. Barringer |
| Electronic services can accelerate and simplify tax research. (Software Review) (evaluation) | Business | Micahel D. Koppel |
| Employer options for employee contributions may save a plan's qualification. (Qualified Plans) | Business | Peter L. Knox |
| Error correction distinguished from change in method of accounting. | Business | |
| Even insolvent taxpayers may have income when property is abandoned. | Business | Timothy M. Larason |
| Expanded services and products offered by computerized batch and on-line processors. | Business | |
| Expansion costs often deductible, but delay can lose tax benefits. | Business | Robert S. Greisman, Louis A. Panoutsos |
| Extension of low-income housing credit also expands available tax benefits. | Business | Aleena R. Shapiro |
| Extent of business use may determine whether an auto should be bought or leased. | Business | Rolf Auster |
| Extraordinary payouts compel basis changes. | Business | Stephen J. White |
| Failure to reform trust in time precludes a charitable deduction. | Business | |
| Forgoing an NOL carryback may result in a greater AMT in future years. (net operating loss, alternative minimum tax) | Business | Stella Lyman |
| Front-loading of alimony payments can result in the deductions being disallowed. | Business | Bruce T. Royal, David H. Glusman |
| Gain deferrals and LBOs are only two areas where tax planning is affected by Code changes. (leveraged buy-outs) | Business | Edward Poreba |
| Gain on contributions of partial interests and encumbered property can be avoided. (Personal) | Business | James R. Hamill |
| How best to design real estate joint ventures to provide investors with maximum tax benefits. | Business | Alexis A. Fafenrodt, John F. Feldsted |
| Identifying highly compensated employees is necessary for keeping a plan qualified. | Business | Ray A. Knight, Lee G. Knight |
| Insolvents can avoid income from discharges of debt. | Business | Howard S. Sturm |
| Interest deduction not limited to amount accrued. | Business | |
| Interest on taxes may be reduced, recalculated or even waived, depending on the circumstances. | Business | Jan A. Berry, Paul H. Weisman |
| Intra-family transfers continue to provide tax saving opportunities. (Personal) | Business | Debbie Smith, Marilyn Ray, Kathleen Farlow |
| Investment and mortgage interest still provide tax benefits despite increased restrictions. | Business | Radie Bunn, Craig Langstraat |
| Irrevocable life insurance trusts: one of the last estate and gift tax shelters. (Estate Planning) | Business | Matthew M. Monippallil, Charles W. Wootton |
| IRS clarifies when economic performance is met by accrual-basis taxpayers. | Business | |
| IRS indicates when expense accounts need not be reported and also raises mileage rates. (Internal Revenue Service) | Business | |
| IRS provides annual update of procedures for obtaining a letter ruling. (Internal Revenue Service) | Business | |
| Last filing for tax year changes excused for preparers' errors. | Business | |
| Leveraged equipment leasing retains its tax advantages, but a taxpayer must be at risk. | Business | David E. Kerestes |
| Like-kind exchanges restricted by two recent developments, liberalized by one. | Business | |
| Like-kind Prop. Regs. create new safe harbors while adding complexities. (Real Estate) | Business | Robert L. Sommers |
| Limited options available to correct long-term contract accounting method. | Business | Thomas F. Monaghan |
| Look-back method for long-term contracts explained. | Business | |
| Many options are available in structuring compensation plans for key executives. (includes related case study) | Business | Judith A. Thorp |
| Maximizing tax benefits of medical expenses. | Business | Shirley H. Olsen |
| Maximizing the tax benefits of qualified plan distributions to surviving spouses. | Business | Bernard S. Kent |
| Minimum participation requirements eased by new nondiscrimination Reg. package. (IRS Proposed Regulations) | Business | Robert L. Albright |
| New, and tougher, disclosure tests imposed by IRS to avoid penalties. (Practicing Before the IRS) | Business | James N. Calvin |
| New life insurance forms enhance its use as an effective estate planning tool. | Business | George H. Rogers III |
| New Supreme Court decision shows when deposits will not be taxable on receipt. | Business | John Gardner, Susan Willey, Ronald Bottin |
| Nondiscrimination, minimum coverage rules modified. (test your tax knowledge) (Compensation & Qualified Plans) | Business | |
| Paying off personal loans becomes wiser as personal interest deductions phase out. ( Personal) | Business | Sidney J. Baxendale, Richard E. Coppage, George R. French |
| Payment of tax with timely return voids extension. (Practicing Before the IRS) | Business | James N. Calvin, Kenneth M. Kess |
| Payroll tax deposits are accelerated under new rules beginning in August. | Business | |
| Pension plans with disability benefits can provide tax advantages to employers and employees. | Business | Mark A. Turner |
| Phantom stock plans allow S corps. to reward key personnel and restrict control. (subchapter S corporations) | Business | Daniel S. Dupee |
| Plan distributions due to sale of employer may be eligible for special tax treatment. | Business | Marvin A. Freedland |
| Plan loans now subject to more restrictions on employer as well as participants. (Compensation) | Business | Pamela D. Perdue |
| Points in refinancing some home mortgages may now be currently deductible. | Business | Mark Higgins |
| Preparation, personalities, professionalism are essential in preparing for an audit. | Business | William Stevenson |
| Preserving a partnership when the general partner files for bankruptcy. (Partnerships) | Business | Andrew J. Lubrano |
| Profits interest in partnership taxable to service partner. | Business | |
| Proposed regulations lessen confusion as to calculation of ACE adjustment. (adjusted current earnings) | Business | |
| Punitive awards may be taxed, but compensatory payments retain their tax-free status. | Business | Edward J. Schnee, Jane Evans |
| QTIP property need not be precisely designated. (qualified terminable interest property) | Business | |
| Real estate joint ventures need not be classified as passive activities. | Business | Moshe Metzger |
| Recapture for special-use election. (Estate Planning ) | Business | |
| Regs. accelerate gain for affiliated corporations. (IRS Temporary Regulations) | Business | |
| Restructuring debt can provide deductions and preserve valuable tax attributes. | Business | J.D. Finley, Gregory K. Hinkle |
| Return preparer penalties are streamlined and toughened by RRA '89. (Revenue Reconciliation Act) (Procedure) | Business | Denzil Y. Causey, Frances McNair |
| Revenue Reconciliation Act - nickels and dimes add up. | Business | Andrew E. Zuckerman, Eileen J. O'Connor |
| RRA '89 continues trend to close (or narrow) planning under accounting provisions. (Revenue Reconciliation Act) (Accounting) | Business | Christopher C. Adler |
| RRA '89 restricts ESOPs and qualified plans and reinstates discrimination rules. (Revenue Reconciliation Act) (employee stock ownership plans) | Business | Andrew E. Zuckerman, James D. Fife |
| Safe harbors for valuation freeze arrangements contain planning opportunities. | Business | Louis A. Mezzullo |
| Scope of commuting expenses broadened as a result of recent developments. | Business | Diane A. Riordan, Scott N. Cairns, Michael P. Riordan |
| Scope of innocent spouse rules narrowed by recent developments. | Business | John C. Zimmerman |
| S corporations with C year E&P can often avoid termination even with rental income. (earnings and profits) (S Corporations) | Business | Barry H. Frank |
| S Corps. can still reduce taxes in acquisitions, reorgs. (corporations, reorganizations) | Business | Michael J. Goldberg |
| Sellers reacquiring real property from purchasers can limit recognized gain. (Real Estate) | Business | Bailey. Lester D. |
| SEPs are an easy alternative for cost-conscious employers. (simplified employee pensions) | Business | John J. Koreesko |
| Split into several partnerships not taxable. (Compensation) | Business | |
| Splitting a deferred compensation account in a divorce need not mean loss of tax benefits. | Business | J. Joseph Raymond III |
| Sprinkling trusts save taxes while allowing trustees to provide for family members. | Business | Gordon B. Wright |
| Statute of limitations can work in favor of the taxpayer. (Procedure) | Business | Carl F. Schultz |
| Stock after spin-off is employer security for ESOP. (employee stock ownership plan) | Business | |
| Stock options can furnish tax benefits even in corporate takeovers, but timing is crucial. | Business | Michael V. Domulewicz, Margaret M. Lantry |
| Structuring a 401(k) to include employees receiving tips. | Business | Mary Simon |
| Tax avoidance motive triggers installment resale rule. | Business | |
| Tax benefits for elderly continue to erode, but tax saving strategies are still available. | Business | Nancy J. Foran, Barbara A. Theisen |
| Tax benefits of NOLs can be lost due to the impact of the AMT. (net operating loss) (alternative minimum tax) | Business | Don M. Pearson, Scott E. Adamson |
| Tax Court's new test for home offices expands availability of the deduction. (Personal) | Business | Robert T. Kelly Jr. |
| Tax-exempt partners can avoid UBIT under new rules. (unrelated business income tax) | Business | |
| Tax-free spin-offs require a valid business purpose. | Business | Robert Haran |
| Tax matters partner: scope of authority and factors in making an effective choice. | Business | Carla A. Green |
| Tax practice areas where an accountant is most likely to face malpractice claims. | Business | Gary Miller, William Donnelly Jr. |
| Tax software programs continue to add features as electronic filing support grows. (Return Preparation) | Business | Robert E. Nelson, Joseph W. Langer |
| Technology need not be patented to be depreciated, when its life is limited. | Business | Patrick J. Sweet |
| The AMT adjustment for current earnings comes into focus with new Proposed Regs. (alternative minimum tax) | Business | John L. Snyder |
| The incapacitated client may need more than traditional tax and estate planning advice. | Business | William B. Prugh, Ben W. Ansley |
| The line between the cash and accrual methods has narrowed, but the choices remain important. | Business | Melvyn Poswolsky |
| The penalty structure becomes more logical, but finding the logic is not always easy. (taxpayer penalties) (Procedure) | Business | John Gardner, Susan Willey |
| Timing withdrawals from retirement accounts can increase tax savings. (Individual retirement account withdrawals) | Business | Philip Fink, Donald Saftner |
| Traditional tax considerations in sale of a business no longer valid. (Corporations) | Business | David D. Green, Stephanie Shapkin |
| Transfer of minority interest avoids estate tax. | Business | |
| Transfer of property or services for a partnership interest not always tax free. (Partnerships) | Business | James W. Zisa |
| Treatment of partnership nonrecourse liabilities clarified by new Regulations. | Business | |
| Unfavorable tax treatment of gain on sales not completed at decedent's death can be avoided. (Estate Planning) | Business | Mary Sue Gately, Tom Hickman, Michael Epps |
| Use of tax-deferred exchanges increases as a result of new 1031 Proposed Regs. (Regulations) | Business | Jeremiah M. Long, Robert J. Shaw |
| What to propose (and what the Service will accept) for an offer in compromise. (negotiations with the IRS) (Procedure) | Business | Edward I. Foster |
| When should an employee elect to be taxed on fringe benefits received? | Business | Sidney J. Baxendale, Alan S. Levitan |
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