Table Of Content

CUMULATIVE INDEX This index covers material in THE JOURNAL OF TAXATION, Vo mber 1996. Indexes are published twice annually, in June and December. ACCOUNTING of the problems in the Prop. Re eived in settlement of plant closing action Are downsizing costs related to acquisitions deductible Schneider and Lloyd Leva Plain ible, 85 JTAX 378, Dec96 after INDOPCO?, by Susan L. Megaard and David R Generation-skipping planning juidation of foreign subsidiaries subject to Brennan, 85 JTAX 163, Sep96 split-interest trusts, by W 85 [TAX 115, Aug96 Correcting the underdepreciation of assets—IRS treats Kristen E. Smith, 85 JTAX 245, O int Operating agreement on tax-exempt sta this as a change in accounting method, by Carol Con GST applies to deemed addition t AX 182, Sep96 jura, Robert M. Brown, and David Culp, 85 JTAX 5, IRS makes only minor change f accounts receivable for stock produc es or Jul96 85 JTAX 112, Aug96 85 JTAX 318, Nov96 Debt instruments with contingent payments, other OID Is a bequest of a retirement acco { stock for stock of same corporation as part matters covered by final Regs., 85 JTAX 4, Jul96 tion subject to excise tax?, by xercise, 85 [TAX 60, lul96 FASITs—The Small Business Act’s new securitization JTAX 108, Aug96 »ptions given to family members triggers vehicle, by David Z. Nirenberg, Colman J. Burke, and New reporting rules, stiffer penalt stion income, 85 [TAX 58, jul96 Steven L. Kopp, 85 JTAX 278, Nov96 seek to curb perceived abuses granted to file election to deduct loss on sub Final, Temporary Regulations on debt modification 85 JTAX 334, Dec96 tock, 85 JTAX 376, Dec96 treated as an exchange still leave uncertainties, 85 Prop. Regs. follow pro-taxpayer st status of GRAT assures continued § cor JTAX 3, Jul96 claimers of joint interests, 8 qualifications,8 5 | TAX 253, Oct% Getting computers ready for the end of the century may SEC restrictions lapsing at de stual funds to insure for losses, 85 JTAX be deductible,8 5 JTAX 132, Sep96 decedent's stock, 85 JTAX 56, } IRS wants taxpayer input before changing rules on ac Spouse need not have power over ike kind” standard in two involuntary con counting method changes, 85 JTAX 131, Sep96 trust to be valid,8 5 JTAX 71, Aug f real estate,8 5 JTAX 115, Aug96 Parties’ intent will determine deductibility of green Tax Court reaffirms equitable r volding denying deductibility of pre-reme mail,8 5 JTAX 132, Sep96 in estate tax cases, 85 JTAX 13° sts, 85 TTAX 253, Oct96 Payments to extend contract's settlement were interest When will IRS’s invocation of the 500 hours spent on activity did not make in despite presence of liquidated damages clause, 85 trine be upheld by the court ive, 85 JTAX 114, Aug96 JTAX 16, Jul96 and Paul M. Hattenhauer, 85 J1 e to relocated employee on sale of former The Section 1001 debt modification Regulations: Prob EXEMPT i payment of related expenses by relocation lems and opportunities, by Richard M. Lipton, 85 Arbitrage Prop. Regs. target ex AX 114, Aug96 JTAX 216, Oct96 for Treasury securities,8 5 JTAX reai estate did not trigger gain or loss, 85 Tax Court explores the boundaries of material partici Bonds issued to fund city’s dis 6. Dec% pation in passive activities, by Richard M. Lipton, 85 debt not tax-exempt,8 5 JTAX 18¢ dment adds flexibility to contribution limits JTAX 348, Dec96 CA-9 affirms mailing list issue ged ESO8P5s J,TA X 183, Sep96 COMPENSA&TB IENOEFNIT S card participation, 85 JTAX 18 file late under 367(a) are handled different Court bursts IRS bubble in assessing employer-only Final OID contingent payment Reg juests under 367(b),8 5 [TAX 377, Dec96 FICA tax on aggregate unreported tips, 85 JTAX 323, distinguish tax-exempt obligat nm Carryovers from C corp. to 5 corp. years Dec96 and Colleen A. Kushner, 85 JTAX to suspended PALs, 85 JTAX 318, Nov96 Final Regs. clarify exceptions to disallowance of ex New “intermediate sanctions” ma erts tax free to LLC without losing S$ status, penses for spousal travel, club dues, 85 JTAX 91, ties to change the way they do be >, Dec96 Aug96 Mancino, 85 JTAX 368, Dec96 t terminated by ownership of sub through IRS clarifies rules for reinstated benefits of employer New Prop. Regs. provide rules for p.85 JTAX 181, Sep96 educational assistance plans, 85 JTAX 323, Dec96 premium, 85 JTAX 188, Sep96 ARTWERSHIPS, S CORPORATIOANNDS L,LC S IRS's worker classification program—an inside look at FRA& NUEGLIDGEN CE »ox Proposed Regs. simplify the entity clas new ways to resolve the problems, by Phil Brand, 85 Can attorneys ever escape Sect process, by Roger F. Pillow, John G. Schmalz JTAX 17, Jul96 ing requirements‘, by Aurelle vel P. Starr, 85 JTAX 72, Aug96 Microsoft workers qualified for plan benefits after IRS Nodoushani, 85 JTAX 361, Dec% of the new S corporation revisions, by nixes contractor classification, 85 JTAX 324, Dec96 ummings, Jr., and Samuel P. Starr, 85 JTAX Ninth Circuit's Section 83 decision may reopen plan INTERNATIONAL Allocation of stock losses under ning opportunities for stock compensation, by Paul J p deemed terminations will be simpler under JTAX 70, Aug96 Sax and Gary A. Herrmann, 85 TAX 87, Aug96 osed Regulations, by Richard M. Lipton, 85 Premature withdrawal from IRA not excused by tax Amendments to final cost sharing Sep9e pieces to the intangibles puzzle payer's clinical depression, 85 JTAX 22, Jul96 Julie Joy, Tim Seitz, and Alan § RSONAL Qualified plan developments affect wide variety of situ Oct96 pouse relief is not all-or-nothing proposition ations,8 5 JTAX 259, Nov96 International implications of “ch« th Circuit, 85 JTAX 132, Sep96 CORPORATIONS, SHAREHOLDERS M. Levey and Richard D. Teigen, 8 recover fire insurance proceeds on home Avoiding dividend treatment in the redemption of a New tax liabilities and reporting expenditures,8 5 JTAX 196, Oct96 dominant shareholder's stock, by Robert Willens and on expatriates, by Alan S. Lede tion for interest paid through additional bor Andrea J. Phillips, 85 JTAX 340, Dec96 85 JTAX 325, Dec96 m same lender, 85 [TAX 195, Oct96 New guidelines for spinoff rulings bring consistency Withholding tax rules for outbo iness” Tax Act also covers large corporations and predictability but problems remain, by Gilbert D tea by IRS in new Proposed Reg duals, 85 JTAX 131, Sep96 Bloom and Lisa A. Kelloway, 85 JTAX 36, Jul96 Davis and Patricia J. Stirling, 85 | split of contingent fee did not avoid taxa Prop. Regs. limit exceptions to extraordinary dividend attorney-spouse, 85 JTAX 196, Oct96 LETTER RULINGS treatment,8 5 JTAX 4, Jul96 Accidental poisoning of plants ar ROCEDURE Temp. Regs. on SRLY, consolidated 382, and related voluntary conversion, 85 JTAX xtension invalidated where estimates un items generally continue proposed rules, by Richard F. Assets held outside a business remittances are per se tax payments &5 Yates and Steven K. Rainey, 85 JTAX 267, Nov96 tion 6166,8 5 JTAX 375, Dec96 Aug96 Two spinoff rulings find business purpose in incentive Benefits of deemed asset acquisit nment makes it easy to look inside the MSSP compensation and improved corporate financing, 85 able in purchase by S corporatior 85 [TAX 260, Nov96 JTAX 48, Jul96 Carryover of 1033 attributes t sion on appeal that S/L on assessment had ESTATES, TRUSTS, & GIFTS requires proper ordering of « 1 not automatically entitle taxpayer to re Are Crummey withdrawai rights still a viable estate Oct96 TAX 119, Aug96 planning tool?, by Edward Kessel and Lisa Brown Character, quality, and price dete: »ping rules to put private delivery compa Petkun, 85 JTAX 146, Sep96 groupings, 85 JTAX 377, Dec% a par with U.S. postal service, 85 JTAX 324, Estate allowed to claim fractional discounts even Charitable donation of “ordinar though decedent's outright and QTIP interests totaled not for “needy” recipients, 85 ITA Y rotections of the “Taxpayer Bill of Rights 2” 100%, 85 JTAX 150, Sep96 Costs incurred for inspection of air hanges across the board, by Rita A. Cavanagh, Generation-skipping final Regs. cure many (but not all) talized,8 5 JTAX 57, Jul96 ), Oct96 isse BB 383 CUMULATIVE INDEX Refund may be offset by unassessed interest on a time More on partnership Section 1031 exchanges with Edward R. Horkan barred deficiency, 85 JTAX 120, Aug96 boot, 85 JTAX 62, Jul96 Julie Joy Section 9100 relief for late elections—IRS adopts new Shareholder’s bargain sale to employee results in divi Michael F. Kelleher standards,8 5 JTAX 118, Aug96 dend, 85 JTAX 190, Sep96 Lisa A. Kelloway Taxpayer Bill of Rights 2 ready for President's signature, Tax shelter limited partners not entitled to damages for Edward Kessel 85 JTAX 70, Aug96 back taxes, 85 JTAX 380, Dec96 Steven L. Kopp When does limitations period begin for suing accoun- Transfers of negative basis partnership interests out of Colleen A. Kushner tant for malpractice?, 85 JTAX 324, Dec96 bankruptcy,8 5 JTAX 127, Aug96 RAEcAcLo EuSnTtAiTnEg for fluctuating lease income under the Sec- Tr6a3n,s fJeurls96 of partnership interests in divorce, 85 JTAX AJloasne phS . WL.e dLearnmgearn tion 467 Prop. Regs., by Clayton S. Reynolds, 85 JTAX Will the states line up with the check-the-box Proposed Marc M. Levey 92, Aug96 Regulations?, 85 JTAX 62, Jul96 Richard M. Lipton 133, 216, 3 Escalating rent payment schedule was allocation that SPECIAL INDUSTRIES Aurelle S. Locke precluded straight-line depreciation, 85 JTAX 196, Section 29 credits—the case against requiring an NGPA Douglas M. Mancino Oct96 well-category determination, by Judith M. Matlock Robert B. Martin, Jr Integrated nature of principal residence endures even and Laurence E. Nemirow, 85 JTAX 102, Aug96 Judith M. Matlock where Section 1033 applies to involuntary conversion, Trans City Life spells relief for “tax-avoidance” attacks Susan L. Megaard 85 JTAX 100, Aug96 on reinsurance, by Michael F. Kelleher and Edward R. Timothy W. Mulcahy Interpreting the COD exclusion for real estate workouts Horkan, 85 JTAX 154, Sep96 Laurence E. Nemirow involving pre-1993 debt, by Martin D. Pollack, W. John SPECIAL REPORT David Z. Nirenberg Glancy, and Royce E. Oliver III, 85 JTAX 356, Dec96 Return preparation software adapts to new technology, Patricia Nodoushani Rent holiday was reasonable based on commercial by Joseph W. Langer, 85 JTAX 294, Nov96 Royce E.O liver III practice—nontax business purpose not required, 85 Tax resources in cyberspace: A worldwide web update, JTAX 259, Nov96 by Richard J. Coppins, Dennis R. Schmidt, Roxanne M. Lisa Brown Petkun “Structures” are buildings for capitalization of demoli- Spindle, and William F. Yancey, 85 JTAX 23, Jul96 Andrea J. Phillips tion costs,8 5 JTAX 101, Aug96 AUTHOR INDEX Roger F. Pillow Lloyd Leva Plaine SHOP TALK Jeffrey D. Berry Damages for emotional distress in a tax malpractice Gilbert D. Bloom Martin D. Pollack case?, 85 JTAX 255, Oct96 Phil Brand Steven K. Rainey Debt discharge in bankruptcy results in taxable income David R. Brennan Clayton S. Reynolds to partner, 85 JTAX 126, Aug96 Robert M. Brown Paul J. Sax Deducting estate administration expenses while wait- ColmanJ . Burke John G. Schmalz ing for Hubert, 85 JTAX 61, Jul96 Rita A. Cavanagh Dennis R. Schmidt Harry Carey calls for repeal of the federal estate tax, 85 Carol Conjura Pam H. Schneider JTAX 320, Nov96 Richard J. Coppins Tim Seitz How not to deal with frequent flyer miles for tax pur David Culp Alan Shapiro poses, 85 JTAX 319, Nov96 Jasper L. Cummings, Jr., Kristen E. Smith In Nebraska,a n LL.M. in taxation is not a “professional Debra M. Davis Roxanne M. Spindle degree,’8 5 JTAX 128, Aug96 William G. Dodge IRS audits of corporate-owned life insurance: News W. Birch Douglass, III Samuel P. Starr from used-car lots, 85 JTAX 127, Aug96 W. John Glancy Patricia J. Stirling Is Hospital Corporation of America the biggest tax case Jonathan Gopman Richard D. Teigen ever?, 85 JTAX 380, Dec96 Paul M. Hattenhauer Robert Willens Is the tax news for Jackie O's estate going to be bad Gary A. Herrmann William F. Yancey news?, 85 JTAX 62, Jul96 Bobbe Hirsh Richard F. Yates JOURNAL OF TAXATION 8 DECEMBER 1996