| Taxation for Accountants 1997 |
| Title | Subject | Authors |
|---|
| Amortization of intangible assets in a business acquisition. | Business | Sheldon D. Pollack |
| AMT affected by various new provisions. (impact of Tax Reform Act of 1997 on alternative minimum tax)(Special Report on TRA '97) | Business | Lance W. Rook |
| Asbestos removal in renovation must be capitalized. | Business | |
| A Vision for a new IRS: The commission on restructuring the IRS report. (National Commission on Restructuring the Internal Revene Service issues report on Jun 25, 1997)(Column) | Business | B.K. Gribens, A.J. Breault, D.G. Blattner |
| Avoid tax traps for partnership basis adjustments. | Business | Ronald G. Caso |
| Business car expenses. | Business | |
| Carrying inventory below cost can create tax savings. | Business | Steven H. Klein |
| Cash reporting required despite attorney privilege.(Practicing Before the IRS) | Business | B.K. Gribens, A.J. Breault, J.A. Dougherty |
| Casualty loss. | Business | |
| Changes ahead for tax preparation software. | Business | Joseph W. Langer |
| Charitable remainder trusts offer noncharitable benefits. | Business | Michael K. Moyers, Alan D. Spiegel, E. Richard Baum |
| Check-the-box final regs. simplify entity classification. | Business | Scott E. Grimes, Marilyn K. Wiggam, Steven A. Martin |
| Classification Settlement Program is being applied unreasonably.(IRS program; worker classification) | Business | Barry H. Frank, Jeffrey Cooper |
| Company split-up between brothers was tax free. | Business | |
| Complex rules for partnership distributions. | Business | James R. Hamill |
| Coping with unconstitutional state taxes. | Business | Donald M. Griswold, Scott D. Smith |
| Court holds that innocence need not mean total ignorance. | Business | |
| Deathbed transfer did not create minority discount. | Business | |
| Deficiency notice needed to recover erroneous refund. | Business | |
| Difficult home sales raise various tax scenarios. | Business | Peter J. Westort |
| Distribution options for IRAs offer tax-saving opportunities. | Business | Michael F. Lynch, David J. Beausejour |
| Distributions to shareholder are not part of split-up. | Business | |
| Duty of consistency binds taxpayers to improper election. | Business | |
| Educational incentives produce tax complexity. (educational incentive provisions in Taxpayer Relief Act of 1997)(Special Report on TRA '97) | Business | Matthew A. Melone |
| Electronic storage of taxpayer books and records. | Business | |
| Employer-paid educational assistance exclusion reinstated. | Business | Jeffrey L. Hamm |
| ESBT definitions and distributions. (electing small business trust)(Partnerships, S Corporations, & LLCS) | Business | |
| Estate planning with electing small business trusts. | Business | Suzanne Tucker Plybon, Stephen E. Parker |
| Excess contribution to IRA is not taxed twice. (individual retirement account) | Business | |
| Expenses paid from income do not reduce marital deduction. | Business | |
| Failure to pay withholding not willful per se.(Personal) | Business | |
| Final Regs. on depreciation recapture allocations. | Business | |
| Final rules explain substantiating charitable gifts. | Business | |
| Gain on tendered stock taxable despite charitable donation. | Business | |
| Gain recognized on excess debt through liability unchanged. | Business | |
| GAO issues report on IRS dispute resolution initiatives. | Business | |
| GAO report tells why IRS takes more time collecting less taxes. | Business | |
| General partner could extend limitations period.(Practicing Before the IRS) | Business | B.K. Gribens, A. J. Breault, J. A. Dougherty |
| Gifts of options have no income tax effect. | Business | |
| Giveaways sometimes get away without sales tax. | Business | Randal K. Edwards, Claudia L. Kelley |
| Guidance for recovering environmental cleanup costs.(IRS guidance) | Business | Charles E. Price, Leonard G. Weld |
| High salary is reasonable despite lack of formal credentials. | Business | |
| Home office deductions alive and well after 'Soliman.' | Business | Ann Burstein Cohen |
| Home sale proceeds rollover not limited to same spouse.(Personal) | Business | |
| Impact of TRA '97 on small businesses and their owners. (Taxpayer Relief Act of 1997)(Special Report on TRA '97) | Business | Ann Burstein Cohen |
| Implied promise of gifts does not void heirs' disclaimers. | Business | |
| Income tax and withholding on damage payments. | Business | Mark R. Martin |
| Inflation adjustments for 1997 reduce tax bite. | Business | |
| Installment agreement terminations restricted by TBOR.(IRS agreements; Taxpayer Bill of Rights) | Business | Russo Stone |
| Intellectual property acquisitions under new prop. regs. | Business | Patricia Ann Metzer |
| IRS explains limits on educational assistance. | Business | |
| IRS explains medical savings accounts. | Business | |
| IRS imposes unexpected tax on split-dollar insurance. | Business | Brad M. Kaplan |
| IRS offers automatic relief for late S elections. | Business | |
| IRS program for correcting 403(b) plan defects. (includes related article on sanction determination for 403(b) plans with defects) | Business | Ted D. Englebrecht, Steven C. Colburn |
| IRS rechecks its position on completed gifts. | Business | |
| Is the Internet overhyped as useful source for tax practitioners? | Business | Alan R. Sumutka, Cynthia Kenney, Tai C. Chang |
| LLC owners can avoid self-employment tax under new prop. regs.(limited liability companies; IRS proposed regulations) | Business | John M. Cunningham |
| LLCs are generally - but not always - the right choice. (limited liability companies) | Business | Arlene M. Hibschweiler, Marion Kopin |
| LL.M. not deductible when new job is different career. (master of law) | Business | |
| Marital deduction lost if rights end with incompetency. | Business | |
| Maximize mileage from transportation fringe benefits. | Business | Diane A. Riordan, Scott N. Cairns, Michael P. Riordan |
| Medical deduction now covers home health care costs. | Business | Jay A. Soled, Gary A. Prince Jr. |
| Mutual funds have potential tax downside. | Business | Richard B. Toolson |
| New law excludes gain on sale of residence. (Section 121 of the Taxpayer Relief Act of 1997) | Business | Sheldon D. Pollack |
| New MSA and health insurance rules create opportunities. (medical savings accounts) | Business | Elizabeth Plummer, Benjamin C. Ayers |
| New Revenue Procedure eases record retention. | Business | Ronald A. Stein |
| New substantiation regs. will save millions of hours. | Business | |
| New tax planning needed for employment-related damages. | Business | John H. Skarbnik |
| No income or generation-skipping tax on trust partition. | Business | |
| NOL carryovers. (net operating loss) | Business | |
| No separate notice to partner - even for carryover years. | Business | |
| Notices explain elections for S corporations. | Business | |
| Ordinary loss for limited partnership interest abandonment. | Business | Pamela M. Samuelson |
| Partnership cannot replace property sold by partnership. | Business | |
| Petition had no effects on limitations period ended by assessment. | Business | |
| Plan loans - and repayment with property - violated tax rules. | Business | |
| Planning pointers for new inflation-indexed bonds.(Statistical Data Included) | Business | Philip J. Harmelink, Phyllis V. Copeland, William M. Van Denburgh |
| Plan participant is 'active' although no benefit. | Business | |
| Preparers must beware of aiding and abetting penalty. (includes related article on Sec. 6701) | Business | Ronald A. Stein |
| Pre-submission conference pilot program for technical advice issues. | Business | |
| Prop. regs. ease meeting reorganization continuity rules.(IRS proposed regulations; continuity of shareholder interest and of business enterprise) | Business | Gary B. Mandel |
| Prop. regs. impute rent and interest for deferred rent leases. | Business | Michael F. Lynch, Lawrence H. Witner |
| Qualified residence can be where a relative lives. | Business | |
| R&D credit is again restored - with changes. | Business | Marsha F. Peters, Janet S. Wong |
| Reasonable cause can be a defense to civil penalties. | Business | Michael W. Dong |
| Reasonable diligence required to ascertain taxpayer's address. | Business | |
| Recent developments affect choice of entity decision. (legislative changes affecting taxation of different business entity types) | Business | Bruce D. Bernard |
| Reduced salary for health insurance is not wages. | Business | |
| Refund that offsets deficiency is not a payment for limitations purposes. | Business | |
| Regs. allocate Sec. 1245 recapture among partners. | Business | |
| Regs. attack separation of income and expenses. | Business | |
| Related-party sales can produce unexpected tax results. | Business | Monica Brown Gianni |
| Reliance on agent to file extension does not abate penalty. | Business | |
| Rev. Proc. simplifies voluntary accounting method changes. | Business | Daniel T. Morgan, Christine M. Bayles |
| Sale of remainder eliminated property from estate. | Business | |
| S corporation pass-throughs not self-employment income.(Partnerships, S Corporations and LLCS) | Business | |
| S corps. in rental business may avoid passive income tax. | Business | Michelle Kamen Friedman |
| Section 197 complicates planning for retiring LLC members. (limited liability company) | Business | Matthew A. Melone |
| S election increased tax on long-term contract. | Business | |
| Small businesses have SIMPLE retirement plan option.(savings incentive match plan for employees) | Business | Susan Anderson |
| Sole shareholder entitled to passthrough loss.(Partnerships, S Corporations & LLCS) | Business | |
| Some fines and penalties can be deducted. | Business | Edward Schnee |
| Some inventory shrinkage estimates are acceptable. | Business | Richard O. Davis |
| Start-up, organizational, and syndication costs in public sales. | Business | Ken Milani, Doug Hopek |
| State and local compliance with Social Security taxes. | Business | |
| Strategies to avoid passive activity loss limits. | Business | Kenneth A. Hansen |
| Substitutes forms now allowed for offers in compromise. | Business | |
| Successor tax liability on bankruptcy asset purchase. | Business | Alan L. Frank |
| Tears cannot wash away the limitations. | Business | |
| The emerging "abuse" defense in innocent spouse cases.(IRC section 6013(e)) | Business | Ellen D. Cook |
| The family limited partnership under siege. | Business | Claire E. Toth |
| Tighter rules for charitable remainder trusts. | Business | |
| Tough standard for service cost allocations. (includes related articles on issues linked to service costs in price determination and on Sec 446(b)) | Business | Dennis J. Gaffney, Maureen H. Smith |
| TRA '97 eases the estate and gift tax burden. (Taxpayer Relief Act of 1997) | Business | Consuelo Lauda Kertz |
| Training expenses remain deductible despite INDOPCO. | Business | |
| Trustee personally liable for failing to honor IRS levy. | Business | |
| Using Crummey powers in trusts for annual giving. (includes related article on returning gift tax) | Business | Jonathan D. Reiff |
| Valuation discounts for intrafamily transfers.(family limited partnerships; gift tax planning) | Business | James R. Hamill |
| When is a 'hobby' a busiiness for tax purposes? | Business | Gary L. Maydew |
| Wrong plan investments can create unrelated business tax income. | Business | William A. Raabe, James E. Williamson, Gerald E. Whittenburg |
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