Table Of Content

CUMULATIVE INDEX 1 stock rollover, 75 JTAX 394, Dec9! paid by annuity taxable in full, 75 JTAX CUMULATIVE INDEX method open to challenge, 75 JTAX This index covers material in The Journal of Taxation, Volume 75, July 1991-D rp. shareholders more flexible 5S JTAX 1991. Indexes are published twice annually, in June and December. > resulting from acquisition, 75 JTAX CAAoccnqtCJtchouiTenio nAnrguXoneere dnnsw t,t 3 4iw8Oodn,aIre ngbkDtdD ecfPiM9orna1rosrc tpyero usmenSeodunte t sRBa eumgtosac.rrh,et, i z“abd7byi5l v eiS,Jdt eTedAv ebXnu at n d4D6 c., o cnotJnurClqao9cun1lte osrn ,e dw”eP reet,ue nrd e7r5J PPrrooCfjSpphoucrorosh isstnsemeettdedirin d aatenn v,rsv a,faal elnuruda77sa5 t5 t iilJoiaonTnpn As eXTtR rAR euXrseg tugu,l3 e1ul6s44al,2, ta, b ityobi DSynoe eLsnclp so9S9y. 1 d1p rSptoLarvcoeyi vdvied ae hEa a Pw to decf©o lnossoorel ciodnaadn-tdt iioetnra x tsrruaebntssuiardcnit airofineese s,, 7577 5 5 JJJTTTAAAXXX EstMaabplliessh,i ng 75 a JdTeAdXuc ti7o6,n Awuhge9n1 a liability is contested. bv Larry Fraud bject to note was self-dealing, 75 JTAX InvJeTntAoXr y 34t9,r ansDfeecr9 1 and buyback was not a bona fide sale, 75 Aba23t7e,m eOnctt 91o f penalty by service ce ympany is partnership, 75 JTAX 328 IRSa lwianysiss ts restuhlatt s reind ucitncioomne , or byc anJcoehlnl atGi.o n Scohfm alnzo,n recMoaurrks e Brduemb t FraOucdt 91p enalty sustained on mere alle refusal can trigger gift tax, 75 JTAX hAauugg9h!. Robert Crnkovich, and Karen Jones, 75 JTAX 68 Usihnogl din“gs coppeen alotfy , empblyo yEmrennets”t J. as Sza ardwefaerrk ack-to-back loan rule broadened, 75 JTAX 330. Nonrecourse feature does not make debt exchange abusive, 75 lante, 75 TAX 234, Oct91 JTAX 53, Jul91 neral contractor were not employees, 75 OID accrual in debt-for-debt exchanges, 75 JTAX 347, Dec91 International Preparer’s error permits change of election, 75 JTAX 53, Jul91 Cash method for OID if holder is related 1 rtnerships & S Corporations Section 179 Prop. Regs. reflect recent changes, 75 JTAX 74, JTAX 118, Aug! partner extend limitations statute? 15 JTAX Aug9! Earnings-stripping Prop. Regs. raise the Wheulna tiowinlsl? , intbeyr esLte slbiee caJ.p itSaclhineziedde r,u nderM icthhaee ln ewF . PSroolpoomsoend, Raengd Brierlnaktreadn-tp,a rty75 JdeTbtA,X b2y4 4, JaOmcets9 1 E. Croke ar does not bar adjustments, 75 JTAX 36 Patrick J. Smith, 75 JTAX 340, Dec91 Earcnoirnpgosr-sattriiopnpsi,n g bryu leJs amaeres evEe. n Cmroork e raud suit against other partners, 75 JTAX CCFiOoncaJDmlhTA apAn XSege encRste2s,ig0 1osa,n. t byOi 4ec0oatK1s9en(e1vk i)n r u&lae Pns.d B eoO(n'nm B)e rafiliReletnogc sua ltaianotdni so nLsaa unrdci oen dtiasEi.tn r iKbseuutebinsoatnnas,n,t iv77e55 FFiinnBJaafliloT r rAnekXRRiree agggnssnt..1-1 , o6 ,w minso7es5dAdu iu efgTdy9 cA 1ooXr npr oerpsao3otr1uit8roi,cnn isgNn, og va9nbdny1 o tirAoelancrao lr dk prir MR.e gs.C ealbesaasttniemd meopnltnPi mifecyoknf r to lnriu,al ybeiislei l7tdifs5eo sr, oradJ7lTi5Aln Xo acrJa3yT5t 8iA,n Xlg o sDse,2c 6p90e1,-! t 75n OeJcrtTs9Ah!iX p JTAX 350, Dec91! Hirsh, 75 JTAX 158, Sep9! FMV20 0, ofO ccto9h1a bitant’s group health benefit modified, 75 JTAX LimJiTtsA X of 11d7e, emAeudg 9!f oreign tax credit defir ind cepsr,o fitsb y inStteevreens ts CGo.n tFirnouset,s to7 5 haJveT AXu ncer38 IRSO ctw9i!l l rule on status of safe harbor plans, 75 JTAX 200. LooJkTtAhXr ou25g3h, Orcutle9 1 applied to sale of partr person hit with penalty personally, 75 JTAX MinAiugm9u!m funding waivers granted sparingly, 75 JTAX 120 NewJa pTpAraXola locch1ae1ts2i,,o n Aubayg n9d1P aauplp orM.t ioBnomdennetr Raengds 7 t byP roMpi.c haeRle gs.J . Grparcoev,i de 75 paJrTtAiaXl 2r6e,l ieJfu l91f or MospJtrT oAgsXrm aalm4l,, Jpubllya9 n1s C .f aFcre eddeirsiaclkl owRaenicsehs aunndd erB runceew La.c tuAarsihatlo n,a udi7t5 NewJ TApXr oc2e5d6u, reOsc t9fo1r rulings, closing agreen f-stM.o ck LipRteong,u lat7i5o nJs,T AX rou2n78d, tNwoo:v 91 The IRS re PartJiTalA Xt er3m5i7n, atDieocn9 1 determined by only counting nonvesteds, 75 Pro2p5.4 , ReOgcst.9 1 on hyperinflationary accountir parCtanmeprsb ellr,e maibnys Suhneclledaor n 1d.es Bpaintoef f, Eig7h5t h JTCAirX TC rejection of constructive receipt signals flexibility in plan Regs. on timely filed returns changed, 75 JTAX nall S corp. exception, 75 JTAX 140, Sep91 payout elections, by C. Frederick Oliphant Ill and Catherine Reporting eased for foreign-owned corp L. Creech, 75 JTAX 196, Oct91 Nov91 ised sales from partners to partnerships under lelines, by Robert D. Howard and John Who will count in testing partial termination? 75 JTAX 120, Tax Court refuses to extend definition of b TAX 132, Sep9! Aug91 75 JTAX 118, Aug9! share rule apply for QSST purposes? TC invalidates income-sourcing Reg., 75 JTAX Corporations, Shareholders Wholly owned sub is not subcontractor of par Final Regs. on 383 capital loss and credit absorption, 75 JTAX Sep91 rsonal 212, Oct91 Withholding required despite oral denial ny provide both security and flexibility, but Interest on 100% penalty runs during bankruptcy, 75 JTAX olved, by Sandra K. Miller, 75 JTAX 378 211, Oct91 Letter Rulings NOLJs TAXo f 2p1a1r, enOtc t9a1n d two subs could be used by third sub, 75 AO6D0, qJuuel9s1t ions title passage rule for sour ity by beRtiwceehna rdth eC .b Oannskargueprt,c y 7e5s taJteT AXa nd 10t3he Operation of the final loss disallowance rules in the consoli dated return Regs., by Mark J. Silverman, Kevin M. Keyes Avoiding excise tax on outbound transfer mm have knowledge of transaction, 75 JTAX and Christian M. McBurney 75 JTAX 384, Dec91 COD income from abandonment partially ex Prop. Regs. on consolidated 382 and related matters balanced 125, Aug91 eduction on life insurance transfer but complex: Part Il, by Richard F. Yates, 75 JTAX 18, Jul91 Conclusive presumption of worthlessne 9 Prop. Regs. on greenmail excise tax, 75 JTAX 212, Oct91 Continuity of interest and the 318 attribut leductible despite reserved rights, 75 JTAX Transition rules for consolidated group losses are modified, 75 188, Sep9! ITAX 391, Dec91 Cost of LL.M. in taxation deductible, 75 JT AX have two tax homes, even with two businesses What restrictions on voting rights will affect voting stock sta Effect of successive ownership change Aug?! tus?, by Robert Willens, 75 JTAX 208, Oct91 JTAX 188, Sep9! Exchanges of interest in same partnerst ocedure Estates, Trusts, & Gifts Aug91 w barred by closing agreement, 75 JTAX 156 Estate tax status of QTIP trust expenses, 75 JTAX 149, Sep 91 Exempt clinic’s incentive plan okayed by IR 15-day Crummey power in contingent takers was present inter Sep91 for discovery order violation, 75 JTAX 99 est, 75 JTAX 206, Oct9! Exempt property increases insolvency exc! IRS action makes it easier to keep proceeds out of an insured’s Oct91 powers to extend election deadlines, 75 JTAX gross estate, by John M. Beehler, 75 JTAX 284, Nov91 IRS denies relief from retroactive effect, 75 JTAX IRS to assert full-payment defense even if installments used, 75 IRS says it has no authority to extend 103 the only way to prove that a document was JTAX 90, Aug91 394, Dec91 »y Thomas J. Bamonte, 75 JTAX 150, Sep91 New75 JchTaApXte r 2861,4 NProovp9.1 Regs. cover lapsing rights, restrictions, LatJeTr AXd emo32l9i,t iNoonv 91of building prevents abar ¢t 91p ermitted where IRS reexamined claim, 75 Prop. Regs. on valuing rights and restrictions focus on excep- Merger following stock purchase is a reorgar ciency notice be invalid for lack of a “determi tions, by Lloyd Leva Plaine and Pam H. Schneider, 75 JTAX 125, Aug91 TAX 94, Aug9! 204, Oct9i New IRS position on free trans ability o return prepared by the IRS bar joint filing sta Proposed valuation Regulations flesh out operation of the sub- 127, Aug91 4. Segal, 75 JTAX 374, Dec9! traction method, by Pam H. Schneider and Lloyd Leva No deduction for charitable bequest by nonr ne of Government estoppel be limited in tax Plaine, 75 JTAX 82, Aug91 JTAX 395, Dec9! nald A. Stein, 75 TAX 238, Oct91 THE JOURNAL OF TAXATION / De 399 0D Ase ae att a CUMULATIVE INDEX Wrong social security number will delay refund, 75 JTAX 98 Using corporate partner's stock as compensation, 75 JTAX 396, Steven G. Frost Aug91 Dec91 Michael J. Grace Adam M. Handler Real Estate Special Industries Walter Hellerstein Final Regs. on deferred like-kind exchanges provide additional IRS makes it easier for banks to deduci worthless bad debts, 75 Bobbe Hirsh clarifications, by Adam M. Handler, 75 JTAX 10, Jul91 JTAX 332, Nov91 Robert D. Howard HHoowwal ty,tt oa xbyap cacySeetlree'prsha teenp ricPm.r aedrMiyit lnifenorrt, e nlt o7w5a -fiJfenTccAtosXm ec o2s8th8so, u soNifon gvu,9n 1d e75v elJoTpAeXd r1e7 , SSaulpivrzaaegtmieoe n anCidos suurretse, i ndsbeuycr iaPdnaecsue l fRJeu.g nsdS.aa x,m eisn7st5ua eld , dT7eA5bX t J5T4dA,i XscJ hual9r313g2 e,, Nolvos9sl real SKatreevne nJJ o.n eJsof fe Jul91 Tax benefit rule applied to insurer's recovery of losses, 75 Laurie E. Keenan Nonrecourse debt does not increase basis, insists IRS, 75 JTAX JTAX 178, Sep9! Kevin M. Keyes 292, Nov91 Tax Court focuses on presence of third-party risks in captive in Joseph W. Langer Service payments deductible as real estate taxes, 75 JTAX 17, surer trilogy, by Steven J. Joffe and Michael G. Brandt, 75 Alan S. Lederman Jul9! JTAX 172, Sep91 Richard M. Lipton Larry Maples Return Preparation Sta&t Loecal _ Christian M.M cBurney More services available from fewer batch processors of tax re Supreme Court settles some state tax issues while creating other Sandra K. Miller Otucrtn9s1, by the Staff of the Journal of Taxation, 75 JTAX 216, problems, by Walter Hellerstein, 75 JTAX 180, Sep9! Stephen P. Milner Preparation software increasingly tied to electronic filing, Py Robert E. Nelson Robert E. Nelson and Joseph W. Langer, 75 JTAX 294, : AUTHOR INDEX Kevin P. O’Brien Nov91 Bruce L. Ashton C. Frederick Oliphant III Thomas J. Bamonte Richard C. Onsager Shop Talk Sheldon |. Banoff M. Celeste Pickron Are trial balloons the new trend in Regulations?, 75 JTAX 191, John M. Beehler Lloyd Leva Plaine Sep9! HenryJ . Birnkrant C. Frederick Reish Courts disagree on understatement penalty, 75 JTAX 335, Paul M. Bodner PaulJ . Sax Nov91 Michael G. Brandt John G. Schmalz Guarantees and the marital deduction: more on 9113009, 75 Mark Brumbaugh Leslie J. Schneider JTAX 191, Sep91 Thomas A. Bryan Pam H. Schneider. Is accrual method required if one person is GP and LP?, 75 JTAX 263, Oct91 Mary Sue Butch Mark A. Segal Partnership modifications revisited, 75 JTAX 62, Jul91 StephenL . Christian MarkJ . Silverman Steven D. Conlon Patrick J. Smith 721 Prop. Regs. mark milestone, 75 JTAX 192, Sep91 Peter J.C onnors Michael F. Solomon Statements at hearings provide authority, says TC, 75 JTAX 335, Nov9l Catherine L. Creech BruceJ . Squillante Taxpayer victory in small pension plan audit, 75 JTAX 191 Robert Cmkovich Ronald A. Stein Sep91 James E. Croker, Jr Ermest J. Szarwark Total paralysis no defense for late filing, says IRS, 75 JTAX John Delaney Robert Willens 264, Oct91 S. Stacy Eastland Richard F. Yates. INDEX OF NEW DECISIONS AND IRS ACTIONS REPORTED IN THIS ISSUE Cases are listed by the significant name(s) in the citation. ltems REE wxerersisinsisinsnecvesicse discussed in an article are in bold type. References are to pages FS | CE Court Decisions 1.402(g)-1(€)(2) ...ccccoeoooees.350 1.1502-91 et seq. 1.410(b)-7(C)(3) -eccceeseesee350 25.2701-1 et S€q. ........-0-000-364 1.410(b)-10(€) ......cccc00000..350 25.2702-2 ef SEG. ....0.00000000.304 L.411(d)-2(D)(V) ...cccceeeeeeee357 8 DAUD (G)~4 ooeecccssssccesesseseee 350 1A-120-86... Grimes, Estate of.............372 1.415-6(D)(6) ....ccccccccoeseeeee350 FI-189-84... Gulf Pension Litigation, 1.642(f)~3(d) ...ccccccceeeeeceen 378 BB F...20.2.- 3 1.1033(a)-2(C) ..cccooeeeeeeen-394 PS-49-91 .......ccosssecesesese3e5e8 Holmes , oS ae ee3 84 Hughan, Estate of............372 1.1502-14(a)(3) Temporary Regulations Ithaca Industries, Inc. ...348 1.1502-19(b)(2) a | | King, Jr., Estate of 1.267(f)-2T(d)(2) ...............384 Marine, Estate of 1.1502-32 .... - | en Rexnord, Ine. ................. 349 1,1502-33(c) L.752-1T ef 8€q. ...0...00000-0.358 GE Baiieeseciclenitintinnni 372 1.1502-79 Turnbull 2319 Creekside, Inc Vissering, Estate of Revenue Procedures 91-47 “ Regulations | paw Senainiinasetenditietae Proposed Regulations 1.263A(f)-1 ef Seq. .....00.00 340 Letter Rulings 1.401(k)-1 1752-2 €8 90g. ..cercvssecrseseers 358 1.401(m)-1 et seq. ...........350 1.1272-2(b)(2) FR ciictiscccsnincnsensitidi 394 400 THE JOURNAL OF TAXATION / December 1991