Court offers 'capital' test for characterizing expenses

Article Abstract:

The authors discuss the US Court of Appeals for the 8th Circuit's decision in Wells Fargo & Co. v. Commissioner, which addresses issues regarding expenses deductions or capitalization of acquisition costs under IRC section 162(a).

Expense deductions

---

Taxes play a big role in smaller corporation acquisitions

Article Abstract:

The author discusses the increased benefit of tax-free acquisitions with the restriction of installment sale reporting use when acquisitions are structured as corporation asset sales.

Installment contracts

---

Study up on financing a child's college education

Article Abstract:

The authors discuss several tax provisions which parents can use to finance their children's college education.

Planning, College costs, Higher education costs

Similar abstracts:

• Abstracts: Set the dial for family-fare programs; software does the math on divorce and child support calculations - and more
• Abstracts: Valuation discount for built-in capital gains tax allowed. Interaction of estate planning and Medicaid planning strategies
• Abstracts: Critical issue: the single currency. Financial issues
• Abstracts: Where will they go? Making diversity work. Libel online; suit raises issue of protection for anonymous Web comments

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.