| Taxation for Accountants 1988 |
| Title | Subject | Authors |
|---|
| Active participation in activity can avoid the limitations on passive losses. | Business | Timothy M. Larason |
| Allocation requirements detailed in Temp. Regs. (IRS Temporary Regulations) | Business | |
| Amending returns is not always best for reflecting changes to tax liability. | Business | Richard J. Landers |
| Automobile and other leasing arrangements remain attractive despite loss of some benefits. (includes related article on the non-tax considerations in leasing) | Business | Nicholas J. Crocetti |
| Availability of low-income housing credit amplified by regulations. | Business | |
| Batch and on-line processors continue to expand services and offerings. (computerized processing services for income tax filing) | Business | |
| Bona fide profit motive profit motive was not enough to allow investors tax shelter deductions. | Business | |
| Business rentals can provide hefty deductions if the deal is structured well. | Business | Kenneth E. Thompson Jr. |
| Careful recordkeeping of T & E even more vital now because of new restrictions. (travel and entertainment expenses) | Business | Stephen C. Fox |
| Changes in in-house software reflect electronic filing and TRA '86. (Tax Reform Act of 1986) | Business | Robert E. Nelson, Joseph W. Langer |
| Choice must be made between income and estate tax for charitable contributions. | Business | Timothy P. O'Sullivan, Bryan R. LaGree |
| Choosing the proper tax preparation software can save time and money. | Business | Bob Wolff |
| Choosing the right tax treatment for lump-sum distributions maximizes recipient's savings. | Business | Stanley L. Klein |
| Comparable plans still effective when enough employees are under the respective plans. | Business | Pamela D. Perdue |
| Complicated rules issued for determining which employees are highly compensated. | Business | Claire A. Weiler |
| Computing the corporate dividends-received deduction after RA '87 is more complex. (Revenue Act of 1987) | Business | Stephen J. White |
| Coping with the new scholarship and fellowship income exclusion limitations. | Business | Jack F. Thorne |
| Corporate acquisitions and hidden tax liabilities: avoiding the 100% penalty. | Business | Richard L. Banham |
| Covenants not to compete likely to be looked at even more closely by Service. (Internal Revenue Service) | Business | Marvin F. Milich |
| Deductions can be substantiated in many different ways depending on expense involved. (business expense deductions) | Business | Mark A. Pridgeon |
| Distribution of a subsidiary's stock is not a dividend. | Business | |
| Dual status partnership interests provide complexity along with planning opportunities. | Business | John R. Bonn |
| Effects of partnership distributions depend on type of distribution, property distributed. | Business | Jerry S. Williford, Donald H. Standley Jr. |
| Electronic filing program expands for upcoming tax season. (the electronic tax filing program of the IRS) | Business | Robert E. Nelson, Joseph E. Langer |
| Employee sharing arrangements can lower retirement plan costs for professionals. | Business | Mark S. Hawley |
| Enhanced scrutiny affects more return preparers and increases costs of violations. | Business | Zoel W. Daughtrey, Michael Watters |
| Equipment leasing limited partnerships continue to provide tax savings. | Business | G. Timothy Haight, Kenneth J. Smith |
| Estate planning strategies continue to provide tax savings after TRA '86. (Tax Reform Act of 1986) | Business | Kathleen R. Sherby |
| Estate's debts preclude safe harbor redemptions. | Business | |
| Evaluating the tax consequences of terminating an overfunded retirement plan. | Business | Theresa L. Markley |
| Exclusions from income are narrower after the Tax Reform Act of 1986. | Business | Jeffrey L. Patterson, Linda J. Mittermaier |
| Family real estate partnerships much less attractive as a result of recent changes. | Business | Jeffrey L. Patterson, Daniel J. Bayer |
| Financial reporting of income taxes is altered by a new FASB statement. (Financial Accounting Standards Board) | Business | John E. Stewart, Amy A. Ripepi |
| Gain from uncompleted contract at decedent's death may escape income tax. | Business | Alan L. Frank, Scott M. Pollack, Thomas J. Donnelly Jr. |
| Generation-skipping tax regulations issued. | Business | |
| Guidance provided on change from installment method. | Business | |
| Guidelines for avoiding publicly traded partnership status issued by the IRS. | Business | Edward Poreba |
| Guidelines for choosing the best form of business changed again. | Business | Albert L. Grasso |
| Guidelines for protecting the tax practitioner from criminal liability. | Business | Reed Tinsley, Joseph V. Pease Jr. |
| Guidelines issued by Service on capitalization of production interest. (IRS) | Business | |
| Hobbies may become businesses if they are conducted in a businesslike manner. | Business | William B. Pollard, Randal K. Edwards |
| How aggressive should the tax practitioner be in preparing a client's return? (includes related article on tax practice rules) | Business | William L. Raby, Burgess J.W. Raby |
| How installment disallowance rules work. | Business | |
| How to establish that an advance to a shareholder was a loan. | Business | Steven L. Gleitman, Anatole Klebanow |
| Integrating qualified plan benefits with Social Security remains complex. | Business | Roberta Casper Watson, James R. Feutz |
| Keeping corporate distributions of stock and stock rights nontaxable. | Business | Dennis A. Diersen |
| Later actions can result in loss of special-use valuation benefits. | Business | Larry R. Garrison |
| Minimizing taxes on excess retirement distributions and accumulations. | Business | Thomas A. Kirschbaum, Louis Kravitz |
| Moving expense deductions and reimbursements: a practical application of the rules. | Business | Shirley H. Olsen |
| New LIFO discontinuance rules issued by IRS. (last-in, first-out method of inventory) | Business | |
| New limits on the home mortgage interest deduction set by the Revenue Act of 1987. | Business | Richard B. Toolsen, Debra L. Sanders |
| New real estate investment vehicle advantageous for qualified plans. | Business | Craig G. Dalton Jr. |
| New Regulations show how to determine qualified residence interest. (IRS Temporary Regulations) | Business | |
| New rule for identifying interest as being on qualified mortgage indebtedness. | Business | |
| Nondiscrimination tests for 401(k) plans contained in new Regs. (regulations) | Business | Eva A. Rasmussen |
| Non-qualified ('rabbi') trusts remain a sound choice to defer compensation. | Business | Bruce M. Bird, Mark A. Segal |
| Ownership changes trigger restrictions on use of corporation's NOL carryover. (net operating loss) | Business | Ross S. Friedman, P. Anthony Nissley |
| Passive activity regs. require more sophistication in recordkeeping. (regulations) | Business | David Keligian |
| Passive activity regulations create many tests for categorizing income and losses. | Business | Timothy M. Larason |
| Planning for retirement plan distributions is more difficult after TRA '86. (Tax Reform Act of 1986) | Business | Thomas R. Hoecker, Robert J. Rosepink |
| Planning property transfers to maximize depreciation deductions after TRA '86. (Tax Reform Act of 1986) | Business | Nancy J. Stara |
| Planning strategies to maximize tax benefits from charitable contributions after TRA '86. (Tax Reform Act of 1986) | Business | Jerry J. McCoy |
| Post-transfer conditions do not affect value. | Business | |
| Protected benefits and non-discrimination tests detailed in final regulations. | Business | |
| Protective claims preserve taxpayer's right to refund or credit. | Business | Alan L. Frank, Susan M. Benway |
| RA '87 redefines publicly traded partnerships as corporations. (Revenue Act of 1987) | Business | Edward Poreba, Larry B. Scheinfeld |
| RA '87 takes on consolidated groups and corporate raiders, with some fine tuning. (Revenue Act of 1987) | Business | Paul A. Speaker, Mark L. Robinson |
| Real estate investment trusts are now a more attractive investment vehicle for tax savings. | Business | Martin M. Shenkman |
| Recapitalizations can still 'freeze' an estate despite recent changes. | Business | Gregory J. Naples |
| Regs. define activities of personal service corp. (IRS regulations) | Business | |
| Rehabilitation of older buildings can still result in a substantial tax credit. | Business | Avi O. Liveson |
| Restructuring a partnership as a tenancy in common allows partners to make tax-free exchanges of property. | Business | Steven L. Gleitman, Anatole Klebanow |
| Retailers, etc., have various options to comply with tough new uniform capitalization rules. | Business | Bart A. Basi, George R. II Young |
| Rules for excess employee plan deferrals clarified. | Business | |
| Sale of employer securities to ESOPs still provides estate tax deductions after RA '87. (employee stock option plans, Revenue Act of 1987) | Business | Wendy Widmann |
| Self-employment plans still offer attractive savings despite new restrictions. | Business | Michael E. Pietzsch, Nancy G. Williams |
| Simplified methods for uniform capitalization to be expanded by IRS. | Business | |
| Some accounting practices will have to be changed (again) as a result of RA '87. (Revenue Act of 1987) | Business | Frederick C. Tinsey III, John G. Kennelly |
| Some farmers better off by not currently deducting preproductive expenses. | Business | Wig De Moville, Deanna L. Bird |
| Some taxpayers may still avoid recognizing income when their debts are discharged. | Business | James D. Taylor |
| Steps that can reduce the impact of the tax on a child's unearned income. | Business | Janet Wong Mullins |
| Strategies to maximize benefits in leveraged buyouts after TRA '86. (Tax Reform Act of 1986) | Business | James M. Lynch, P. Michael Baldasaro, Norman S. Siegel |
| Structuring real estate investments becomes increasingly complex after recent legislation. | Business | Robert S. Franco, Ryan R. Brenneman |
| Successful preparation and negotiation may reduce the time and breadth of an IRS audit. | Business | Dennis R. Schmidt, Thomas C. Pearson |
| Supreme Court closes the door (almost) on ordinary losses for stock transactions. | Business | Boyd A. Blackburn |
| Supreme Court makes it easier for developers to skirt state usury laws. (real estate developers) | Business | Douglas P. Krevolin |
| Tax and nontax factors in the transfer of an interest in a closely held business. | Business | Ken Milani, John J. Connors |
| Tax focus of employee stock incentive programs changed as a result of Tax Reform Act of 1986. | Business | George J. Christopoulos, Michael D. Gibson |
| Taxpayers are expanding the range of deductible medical expenses. | Business | James Volpi |
| Taxpayers must overcome tough hurdles before deductions for microcomputers are allowed. | Business | Mitchell F. Powell |
| Tax termination of a partnership can be controlled to meet needs of the partners. | Business | Joel Resnick, Stephen T. Sellers |
| Temporary Regulations explain when excise tax on excess plan distributions applies. | Business | |
| Temp. Reg. explains change of partnership taxable year. (IRS Temporary Regulations) | Business | |
| Thorough research may reduce the risk of audit even in unclear areas. | Business | Dale Bandy, Lee G. Hodges, Thomas G. Sennott |
| Tier system for S corporation distributions can be used to reduce tax to shareholders. | Business | Kenneth E. Anderson, David L. Moskol |
| Timing gifts to children to maximize tax benefits after TRA '86. (Tax Reform Act of 1986) | Business | Sidney J. Baxendale, Richard E. Coppage |
| Timing of transfers is just one technique to avoid the generation-skipping tax. | Business | David Ryan, Caroline Strobel |
| Transferring an IRA to a trust saves taxes while permitting control over disposition. | Business | Paul G. Griesemer, Matthew G. Perlow |
| Treatment of employee achievement awards is simpler after TRA '86, despite new restrictions. (Tax Reform Act of 1986) | Business | William C. Hood |
| Trust annualization creates planning opportunities in filing 1988 returns. | Business | Bernard T. Destafney, Robert K. Edney |
| When can employers retrieve excess assets from defined benefit plans? | Business | Wendy Widmann, Thomas J. Manning Jr. |
| When will business income of an organization be sheltered by its tax-exempt status? | Business | Ira H. Rosen |
| Which form of ownership of family real estate will best meet income and estate tax goals? | Business | Alvin S. Wolpoff, Gerald E. Chalmers, James S. Matheny |
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