Table Of Content

his 1exX I ides a tne nateria Cor on ised expe e allowa ‘ nite for published Prac ai lax Strategies, V« wa ( i ) table plal ; + in imne +}, janua r ine } Partitic ot ( \ assS e ( é : ause recapture ta 64 19 MVAi a Below-market loa ffer tax arbitras er aK i i it } ra ent r oned In s¢ iratu } t potential, 0y Gary Rozenshteyn6,4 ment was not deductible +P 19 92 Ma Nheasc pe tio! ised NA (Capita tio oO red tor pre estment retur 64 } S ¢ , Recipients of taxable ft il yr approval marke gco +PTS4 estate tax. 64 PTS i an ympensation Ic 64 P ideld interer st pprroofp ert sluia tior La lepre atic ts coast a t$PTSS ant / 0,64 PTS 193, Apr COMPUTERS IN TAX PRACTICE « tr St‘ S 45 D} CTIC ‘ lari O CAL, 1IRAAA (Las non casn ethod ibDera atic tax deferral, Dy é Snow +PIS for small businesses, 64 PTS 8 Fel junt Schmidt and William |} Cleanuf ost ied r 4 } lar Constr tix ) act ild e cast CORPORATIONS isregarded’ one-memberLL C can be nethod, 64 PTS 369 ) \udit str itwesu la1¢t8e dt or edaertneirn gs lil tax.i pab y Brt u the eparate entity for VI pose 1 ep! ating f{ perty acquire rs 4. Fe tMaaxr-0fOr ee transactio +P 5 W.T C McClain M _ and Thoma echner 4 t il ox Teg rules, n 64 bPlTaSn ks for Febcto K-tne epreciatn Jenied tor display sample Ke r iuthorit ete VT 4 PTS 2 Eel ixp< ave \ espons r ri 4 I stCm’es nt ldoedde intet reosnts . all‘64 oca < reMd4 uc, e FASB vice air ofter sights 4 5 educe the act of the alternative iT t f} in, te : hrot ‘ | runds borrowed fro o-snharehoider ) Apr Allocatofi obansi s adjustments among at ris6k4 ,PT S 122, Fet ponsible ) per partnership assets, 64 P 1S, Jur Greetin: g carrda design company sul ; escape i I 4 3) Via Corpo partner Owes no tax On part ership’s stock disposition, 64 PTS su orga i interest income impuont reepdai d cor 64 P ) Mar +, Feb porate ances, 64 PTS 118, Fet ax Co ts ts « j : j Gain tan iarity with foreig par er IRS a7. cquI iescest o no inventorie6s4, PTS K redempt« by moth I huri p/partrntenre rr rule| s, lal by Ken MM4i an, d 21, junut Koski. 64 PTS 324 Ellen Ladd, 64 PTS 2 Apr IRp<S expnllae is Sap—p i at' ion . « f im ess tailm—e lypotheticaslal e approach makes rea method repeal, 64 PTS 368, Jun0\ hange in partnership reg 4O¢ Medical corporati could use as! 4 gilt in time car ave ar tate tax Walsh. 64 PTS n method despite drug supply, 64 PTS nine y Phil R. Fink j g irtnerships an be restructured t 43, Jan Fel eet changing needs, by Paul ¢ iu fembership fees fully Adequate disclosure rta t i ind Rolf Auster,64 PTS ar year received, 64 P iatio 4PTS i Proposed regs.o n allocatofi ononnr e Mu‘ ltbiey ecaorm puwtaerdr anltiyk e tdl edu AdminiisPtTrSat ion exFpele nse allocation | cPoTuSr se l.M iara biby lpairtnterishiepss, 64 250, Apri Dut nonacquiesces Vvaiuatio 1 opsofi sisgni ficant recent tax deve No amortizat 10n without allocation to ng, 64 64 PTS 3 " Of nents by Matthey \ M ? } covenantno t to compete, 64 PTS 4 Cases split on tax efte Ita \ a) an Jan00 ix Shelter aler ;Pise ret ted partnership 64 PTS 2 4,Apr No bad det leduction un wortl Discount allowed for built-in « gail lessness established, 64 PTS 12 tax liability, 64 PTS 3 Ef 1X Engineer denied away-from-home S expense deductions, 64 PTS 8 Mar0O PTS 1 I to HirinIg a spouse could add a healthy Reallocation of fees among related cor leduction Oy Karyn Friske and Dar porations upheld, 64 PTS 249, Apr0t ene Pulliam Smith, 64 PTS 4, Jan( Removal cost not capitalized, 64 PTS 129 [ ncome tax savings, by Paul J. Stre« ip IRS releases inflation-adjusted thresh Feb0( and Caroline D. Strobel, 64 PTS 14 lds, 64 PTS 52, Jano Retirees malpractice insurance Jan0t esson on deducting education costs, 64 deductible even if a capital asset, 64 Get a jumonp th e generation-skipping PTS 193 Aproo PTS 43, Jan00 transfer tax rules, by Ron West, 64 PTS oan guarantee payments not deductible Similar use is not ‘like kind’ for personal 140, MarOt as business bad debts, 64 PTS 181 property exchanges, 64 PTS 4 Gilts u icluded in estate because power Mar0( of attorney fell short, 64 PTS 37 Losses relating to show horse acti Synopsiso f significant recent tax devel Jun00 were deductible,6 4 PTS 3 Jun00 opments, by Matthew A. Melone, 64 Give more and pay less tax by claiming Lottery winner s sale of future pé yments PTS 30, Jan00 valuation discounts,b y Reed W. | is ordinary income, 64 PTS III, Feb00 Tax twists on timing qualified small busi ton, 64 PTS 93, Feb00 Maximize after-tax returns on equity ness stock sales,b y Rolf Auster,64 PTS Grantor's amount realized on termina investments,b y Richard B. Toolson, 7, Jan0 tion of trust included trust's debt, 64 64 PTS 226, Apr0O0 Use of escrow account did not delay tax PTS 317, May0¢ No charitable deduction for dependent 64 PTS 46, Jan00 IRA and trust arrangement qualifies for foster child’s support, 64 PTS 244 QTIP election,6 4 PTS 101, Feb00 Apr00 COMPENSATION IRS finds taxable gifts in family part No simple solution for the marriage Attorney's fees reduce pay roll tax on set nership arrangement, 64 PTS 105, penalty quandary,b y Ellen D. Cook, tlement, 64 PTS 380, Jun00 Feb00 64 PTS 160,Mar00 NE 2 PRACTICAL TAX STRATEGIES Payments made under provisional order State's limitations period cannot bind the harbors, 64 PTS 176, Mar00 were alimony, 64 PTS 372, Jun00 IRS, 64 PTS 168, Mar00 No exclusion for retroactive medical Proposed regulations take aim at abu Supreme Court rules on when remit expense reimbursements, 64 PTS sive charitable remainder trusts, 64 tances are “paid, 64 PTS 237, Apr00 179, Mar00 PTS 52 Tax Court orders service to abate inter Nonbinding bonus is not nonqualified Reduce the impact of the alternative min est, 64 PTS 366, Jun00 deferred compensation, 64 PTS 178, mum tax, by Daniel J. Lathrope, 64 Tax return information disclosures were Mar00 96, Apr0t permissible, 64 PTS 239, Apr00 Only some early retirement payments are Short-term treasury securities outshine Taxpayer not allowed to assert new subject to FICA, 64 PTS 175 Mar00 money market funds, by William M ground for relief to court, 64 PTS 240 Retirement plans can be customized and Vandenburgh, Philip J.H armelink, and Apr00 remain tax qualified, by Pamela D PMhayyll0i s V. Copeland, 64 PTS 287 $2.5 million award for unauthorized dis Perdue, 64 PTS 269, May00 closure of tax information, 64 PTS Select 401(k) plan options that meet com Standard mileage rate revs ip, 64 PTS | 305, Mav00 pany objectives, by David G Delgado, Jan nmarried couple must file as single tax 64 PTS 342, Jun00 Synopsiso f significant recent tax devel opments, by Matthew A. Melone payers,6 4 PTS 365, Jun0¢ REAL ESTATE PTS 30. lar PROCEDURE Home-office tax myths discourage true ts on div Adequate disclosure on tax return can tax savings, by Rolf Auster, 64 PTS mptions, Dy reduce penalties, 64 PTS 58, Jan0¢ 283, May00 TS 324, June Automatic accounting period changes for Real estate sales generated ordinar ax deductions can lighten the cost of corporations,6 4 PTS 12 Feb00 losses, 64 PTS 55, Jan00 isted living arrangements, by Jay Renovate home-sale plans by adding a 4. Soled and Priscilla Lestz, 64 PTS hanPgTe S o1f, lJaasnto -known address rules, 64 lease option, by James R. Hamill and Craig G. White, 64 PTS 294 leduction from foreclo filing facts, 64 PTS 65, Fe May00 64 PTS 244, AprO Empowered without power attor not shield taxpayer fron ney, 64 PTS 321, 1j un00 S CORPORATIONS income for noncompete clause, 64 How much has the burden of proof Court broadens ‘self-charged’ excep PTS 182, Mar00 rea lly shifted?,b y Tanya M. Marcum, tion tO passive activity rules, 64 nravel the tax treatment of financial 64 PTS 25, Jan00 PTS 301, May00 nstruments, Oy Ariene M. Hib Interest computation when refund results Insolvent S corporation's debt discharge chweli rr and Marion Kopin, 64PTS in deficiency,6 4 PTS 57, Jan00 increases basis, 64 PTS 171, Mar00 68, Feb0« Interest rates rising, 64 PTS 193, Apr00 » corporation losses do not reduce PRACTICING BEFORE THE IRS IRS can make employer-only FICA shareholder's self-employment assessment on tips, 64 PTS 242, income, 64 PTS 115, Feb00 Amended returns do not affect limita Apr00 tions period 64 PTS 107 Feb00 IRS fiddles with filing deadline, 64 PTS AUTHOR INDEX Authority to extend limitation period was 193, Aproo Rolf Auster within partnership agreement, 64 IRS provides guidance on equitable Ellen D. Cook PTS 109, Feb00 relief for innocent spouses, 64 PTS Phyllis V. Copeland Court allows consideration of attor 190, Mar00 ney Ss 6p4r esPeTSn ce 41,at Jsanu0m¢ moned inter Law abcahtaenmgeen t, doe6s4 PnToSt 1j2u6,s tifFye b00i nterest MDaarviiandnG e. DWe. lgCaudlov er dismissal of bankruptcy case did not Karyn Friske No extra fee for tax specialty 64 PTS 129, imitations period, 64 PTS Mar00 James R. Hamill No signature needed to get an EIN, 64 Philip J.H armelink I court must decide responsible PTS 257, May00 Arlene M. Hibschweiler person penalty,6 4 PTS 303, May0¢ Refund of interest on estate tax was tax Walter Katz ratlure to pay State taxes prevented Tax able to trust grant64o PTrS, 24 2, Apr00 Marion Kopin Court review, 64 PTS 364, Jun0 Split dollar donations, 64 PTS 257 Timothy R. Koski RS otchane rs et taoxf f dsuee,t tle6m4 enPtT Sa gr1e67e meMnat r0w ith Mav00 Ellen Ladd Lack of notice allows IRS to file its claim Whenp aydmoeesn ti?n,t6e r4e sPtT S ru2n5 7, onM ayt ax over Daniel J. Lathrope late, 64 PTS 238, Apr0¢ Paul C. Lau New equitable tolling relief not available QUALIFIED PLANS Thomas Lechner retroactively, 64 PTS 40, JanO Carve-out split-dollar coverage taxed as Priscilla Lestz Yo abuse of discretion not to abate group-term insurance, 64 PTS 17 Tanya M. Marcum 64 PTS 168, Mar0\ Mar00 Bruce W. McClain st for abatemen nalties, 64 PTS vae ticco,6n 4t rPiTDSu ti12o9n,s MacraOn MMiacthtaheelw S.A . MeMleblionngee r Frozen plan counted as discriminatory Ken Milani ontact notice invalidates duplicative benefit, 64 PTS 18¢ Pamela D. Perdue Mar0t suidance on midyear cafeteria pla Gary Rozenshteyn election changes, 64 PTS 308, May0 Dennis R. Schmidt Inflation increases n Darlene Pulliam Smith plan limits, 64 PTS 62 jay A. Soled consistent se nsurer demutualizations create t }. Streer pp«o si6t4 nnPootTt S pa16y9,mp aevmnMen at r EMRicIhSaAe l iSs.s uMees lbfionr gebre neafnidt Mpalrainas nneDy Caroline D. Strobe W. Culver,6 4 PTS 149, Mar0¢ chard B To ylson IRA planning: when does what went ir William M. Vandenburgh Anrp r0 have te come out? by Walter Katz, 64 Joe Walsh ces action d not extend two-year PTS 153, Mar00 Craig G. White periotdo f suit, 64 PTS 304, Mav0t IRS provides guidance on 4 William F. Yancey 384 PRACTICAL TAX STRATEGIES