Table Of Content

Author&Subjectindex TWELVE MONTHS ENDED DECEMBER 1996 See key to page references on page 783. AICPA TAX DIVISION FINANCIAL STATUS GARDNER, JOHN H MEHIGAN, PATRICK B AUDIT WORKING GROUP Significant Recent Developments in Estate Plan- Lifetime Giving Remains a Powerful Planning AICPA Offers Guidance on IRS Financial Status ning. 96:753 Tool for Family Business Owners. 96:97 Auditing, 96:218 GEE, EDGAR. H., JR. MILLER, MICHAEI AICPA TAX INFORMATION PHONE SERVICE Smoky Mountain's Secret to Successfully Claiming Current Developments in Employee Benefits. Part TIPS) GROUP Workers to Be Independent Contractors. 96:370 I—96:681. Part II—96:744 For the TIPS Line column, see the covoef reac h GRACIK, L. MICHAEL NELLEN, ANNETTE SUC New Nanny Tax Rules Mean More Responsibili Partners & Partnerships: Recent Developments ALTIERI, MARK P ty for Return Preparers. 96:85 96:172 Considerations in Determining Whether to Elect GUADIANA, JAMES A ORBACH, KENNETH N S Corporation or LLC Status. 96:547 Recent Legislation Imposes New Compliance Are the Sex 1374 Final Regulations a BIG BEEHLER, JOHN M ind Tax Burdens on Individuals With Foreign Improvement? 96:157 Mediating With the IRS. 96:281 Connections. 96:676 PASCARELLA, STEPHEN E., Il BENSON, DAVID M HERZOG, KEITH I The Importance of a Well-Drafted LLC Operating Entering Foreign Markets—One Step at a Time Pre-U.S. Immigration Estate Planning for Nonres- Agreement. 96:484 My 6 25 ident Aliens. 96: 554 PFORSICH, HUGH BLACK, ROBERT | HORN, ANITA I An Internet Primer forTax Professionals. 96:488 An Internet Primer for Tax Professionals. 96:488 Financial Status Audit Techniques: AICPA Work The Intranet—A Firm’s Private Road on the The Intranet—A Firm's Private Road on the ing Group Status Report. 96:1 10 Information Superhighway. 96:561 Information Superhighway. 96:56 1 JAMISON, ROBERT W PINGER, RICHARD A Tips, Tricks and Traps of CD-ROM Tax Research Final Regs. Clarify Basis and Distribution Issues, State & Local Taxes: Current Developments. Part PartI T). 96:23 But Leave Unanswered Questions. Part | I—96:224. Part II—96:296 BURNS, JANE © 96:288. Part II—96:361 POLLACK, LAWRENCE A EAmvpoliodvienegs . IR96S: 10 R)e classification of Workers as JANIGA, JOHN M Tax Court’ Taisei Case Sheds Light on the Defini- “Drop-Down” Technique Allows Change in tion of “Permanent Establishment.” 96:28 BURTON, HUGHLENI Accounting Method Without IRS Approval POTTER, Daniel J Can an Individual Deduct Interest Paid on a Busi 96:90) Lifetime Giving Remains a Powerful Planning ness-R elated Tax Deficiency? 96:430 KARLINSKY, STEWART S Tool for Family Business Owners. 96:97 Partners & Partnerships: Recent Developments %:172 Can an Individual Deduct Interest Paid on a Busi RICHARDSON, TERRY ness-R elated Tax Deficiency? 96:430 Current Developments in Employee Benefits. Part COCHRAN, CAROL MAYO S Corporations: Current Developments—Eligibil I—96:681. Part II—96:744 Key LL¢ Issues and Answers. 96:418 ity, Elections and Terminations; Operations; Reor- DAMASCO, JUDE P ganizanonsa;n d Legislanon. 96:614 ROSESNR,L Y RLOosBsE RTeTm p. MR egs. Offer Significant Planning Taxanon and Reporting of Qualified Settlement KELLEY, CLAUDIA I Opportunities. 96:738 Funds. 96:232 Practical Planning for the Decedent’s Final DUNCAN, WILLIAM A Return. 96:621 RUEZ, D. BRYAN State & Local Taxes: Current Developments. Part Final Regs. Clarify Basis and Distribution Issues LAFFIE, LESLIS. I—96:224. Part II—96:296 But Leave Unanswered Questions. Part | For the “News Notes” column, see the cover of 16-288. Part Ul 361 eac h issue. SCHNEE, EDWARD J ELLENTUCK, ALBERT B The Tax Adviser ls Now Available on CompuServe. Maximizing Deductions When Acquiring Real For the “Case Study” column, see the « 96:38 Property Leases. 96:166 ach 1ssuc LASSAR., SHARON S$ SECHLER, CAROLYNS FERGUSON, CAROL B Are the Sec. 1374 Final Regulations a BIG The Intranet—A Firm’s Private Road on the Tax Practinoners Face Heightened Linganon and Improvement? 96:157 Information Superhighway. 96:561 Traps tor the Unwary. 96:501 LIEBERMAN, ALVIN H SHERR, EILEEN R Practical Planning for the AICPA Interest Expense Regulatory Recom- FIORE, NICHOLAS |] Decedent's Final Return. 96:621 mendations. 96:302 For th Tax Trends” column, see the cover of each New Nanny Tax Rules Mean More Responsibili- ISSUC LIFSON, DAVID A ty for Return Preparers. 96:85 FRA(ONafKn? E It9h 6e .73CG8o EstO RoGf I a Home Computer Be Written CRaoenncdn eencTtta xi onLBseu.gir sdl9ea6nt:si6 o7n6 o n ImIpnodsievsi duaNlesw WithC ompFloiraenicgen STARMAa,x imNiAzNiCnYg DJe ductions When Acquiring Real When and How to Avoid Sec. 1038 Relief When McDERMOTT, WILLIAM T Property Leases. 96: 166. Reacquiring Real Property. 96:34 AICPA Interest Expense Regulatory Recom STEWART, DAVE N mendations. 96:302 SRLY Loss Temp. Regs. Offer Significant Planning FREEMAN, TRACY A ( )pportunities 96:738 Avoiding IRS Reclassification of Workers as MARES, MICHAEL E Employees. 96: 102 The Importance of a Well-Drafted LLC Operating STREER, PAUL J Agreement. 96:484 Credit for Prior TransferCsa n Produce a Signifi- FRIEDMAN, RONALD E cant Reduction in Estate Tax. 96:495 The Need for CPA-Client Privilege in Federal Tax MATHEWS, R. KELLY Matters. 96: 154 State & Local Taxes: Current Developments. Part STROBEL, CAROLINE D. I---96:224. Part II-—96:296 Credit for Prior Transfers Can Produce a Signifi- cant Reduction in EstTaax.t 96e:49 5 782 THE TAX ADVISER DECEMBER 1996 Author&Subjectindex TWELVE MONTHS ENDED DECEMBER 1996 See key to page references on page 783. AICPA TAX DIVISION FINANCIAL STATUS GARDNER, JOHN H MEHIGAN, PATRICK B AUDIT WORKING GROUP Significant Recent Developments in Estate Plan- Lifetime Giving Remains a Powerful Planning AICPA Offers Guidance on IRS Financial Status ning. 96:753 Tool for Family Business Owners. 96:97 Auditing, 96:218 GEE, EDGAR. H., JR. MILLER, MICHAEI AICPA TAX INFORMATION PHONE SERVICE Smoky Mountain's Secret to Successfully Claiming Current Developments in Employee Benefits. Part TIPS) GROUP Workers to Be Independent Contractors. 96:370 I—96:681. Part II—96:744 For the TIPS Line column, see the covoef reac h GRACIK, L. MICHAEL NELLEN, ANNETTE SUC New Nanny Tax Rules Mean More Responsibili Partners & Partnerships: Recent Developments ALTIERI, MARK P ty for Return Preparers. 96:85 96:172 Considerations in Determining Whether to Elect GUADIANA, JAMES A ORBACH, KENNETH N S Corporation or LLC Status. 96:547 Recent Legislation Imposes New Compliance Are the Sex 1374 Final Regulations a BIG BEEHLER, JOHN M ind Tax Burdens on Individuals With Foreign Improvement? 96:157 Mediating With the IRS. 96:281 Connections. 96:676 PASCARELLA, STEPHEN E., Il BENSON, DAVID M HERZOG, KEITH I The Importance of a Well-Drafted LLC Operating Entering Foreign Markets—One Step at a Time Pre-U.S. Immigration Estate Planning for Nonres- Agreement. 96:484 My 6 25 ident Aliens. 96: 554 PFORSICH, HUGH BLACK, ROBERT | HORN, ANITA I An Internet Primer forTax Professionals. 96:488 An Internet Primer for Tax Professionals. 96:488 Financial Status Audit Techniques: AICPA Work The Intranet—A Firm’s Private Road on the The Intranet—A Firm's Private Road on the ing Group Status Report. 96:1 10 Information Superhighway. 96:561 Information Superhighway. 96:56 1 JAMISON, ROBERT W PINGER, RICHARD A Tips, Tricks and Traps of CD-ROM Tax Research Final Regs. Clarify Basis and Distribution Issues, State & Local Taxes: Current Developments. Part PartI T). 96:23 But Leave Unanswered Questions. Part | I—96:224. Part II—96:296 BURNS, JANE © 96:288. Part II—96:361 POLLACK, LAWRENCE A EAmvpoliodvienegs . IR96S: 10 R)e classification of Workers as JANIGA, JOHN M Tax Court’ Taisei Case Sheds Light on the Defini- “Drop-Down” Technique Allows Change in tion of “Permanent Establishment.” 96:28 BURTON, HUGHLENI Accounting Method Without IRS Approval POTTER, Daniel J Can an Individual Deduct Interest Paid on a Busi 96:90) Lifetime Giving Remains a Powerful Planning ness-R elated Tax Deficiency? 96:430 KARLINSKY, STEWART S Tool for Family Business Owners. 96:97 Partners & Partnerships: Recent Developments %:172 Can an Individual Deduct Interest Paid on a Busi RICHARDSON, TERRY ness-R elated Tax Deficiency? 96:430 Current Developments in Employee Benefits. Part COCHRAN, CAROL MAYO S Corporations: Current Developments—Eligibil I—96:681. Part II—96:744 Key LL¢ Issues and Answers. 96:418 ity, Elections and Terminations; Operations; Reor- DAMASCO, JUDE P ganizanonsa;n d Legislanon. 96:614 ROSESNR,L Y RLOosBsE RTeTm p. MR egs. Offer Significant Planning Taxanon and Reporting of Qualified Settlement KELLEY, CLAUDIA I Opportunities. 96:738 Funds. 96:232 Practical Planning for the Decedent’s Final DUNCAN, WILLIAM A Return. 96:621 RUEZ, D. BRYAN State & Local Taxes: Current Developments. Part Final Regs. Clarify Basis and Distribution Issues LAFFIE, LESLIS. I—96:224. Part II—96:296 But Leave Unanswered Questions. Part | For the “News Notes” column, see the cover of 16-288. Part Ul 361 eac h issue. SCHNEE, EDWARD J ELLENTUCK, ALBERT B The Tax Adviser ls Now Available on CompuServe. Maximizing Deductions When Acquiring Real For the “Case Study” column, see the « 96:38 Property Leases. 96:166 ach 1ssuc LASSAR., SHARON S$ SECHLER, CAROLYNS FERGUSON, CAROL B Are the Sec. 1374 Final Regulations a BIG The Intranet—A Firm’s Private Road on the Tax Practinoners Face Heightened Linganon and Improvement? 96:157 Information Superhighway. 96:561 Traps tor the Unwary. 96:501 LIEBERMAN, ALVIN H SHERR, EILEEN R Practical Planning for the AICPA Interest Expense Regulatory Recom- FIORE, NICHOLAS |] Decedent's Final Return. 96:621 mendations. 96:302 For th Tax Trends” column, see the cover of each New Nanny Tax Rules Mean More Responsibili- ISSUC LIFSON, DAVID A ty for Return Preparers. 96:85 FRA(ONafKn? E It9h 6e .73CG8o EstO RoGf I a Home Computer Be Written CRaoenncdn eencTtta xi onLBseu.gir sdl9ea6nt:si6 o7n6 o n ImIpnodsievsi duaNlesw WithC ompFloiraenicgen STARMAa,x imNiAzNiCnYg DJe ductions When Acquiring Real When and How to Avoid Sec. 1038 Relief When McDERMOTT, WILLIAM T Property Leases. 96: 166. Reacquiring Real Property. 96:34 AICPA Interest Expense Regulatory Recom STEWART, DAVE N mendations. 96:302 SRLY Loss Temp. Regs. Offer Significant Planning FREEMAN, TRACY A ( )pportunities 96:738 Avoiding IRS Reclassification of Workers as MARES, MICHAEL E Employees. 96: 102 The Importance of a Well-Drafted LLC Operating STREER, PAUL J Agreement. 96:484 Credit for Prior TransferCsa n Produce a Signifi- FRIEDMAN, RONALD E cant Reduction in Estate Tax. 96:495 The Need for CPA-Client Privilege in Federal Tax MATHEWS, R. KELLY Matters. 96: 154 State & Local Taxes: Current Developments. Part STROBEL, CAROLINE D. I---96:224. Part II-—96:296 Credit for Prior Transfers Can Produce a Signifi- cant Reduction in EstTaax.t 96e:49 5 782 THE TAX ADVISER DECEMBER 1996 ] STROMSEM, WILLIAM R. MANOS-McHENRY, DEBORAH L Internal IRS Guidelines on Requests for Field | IRS Cuts Could Have Affected Tax Practice. June 96:378. Service Advice and Technical Advice. 96:638. 96:699 September 96:574. IRS Has Expanded Settlement Authority. 96:439. | SWAYZE, JIM December 96:765. IRS May Offset Time-Barred, Unassessed Interest | Practical Tax Planning for Higher Education SHERR, EILEEN R. Against Estate Tax Refund. 96:439. Costs. 96:692 Committee Projects and Activities. 96:379. IRS Third-Party Summons Quashed. 96:438. Tax Clinic Editors EVERIDGE, KATHY TAGGART, TODD F Favorable Court Decision on FTC Carrybacks | Taxation and Reporting of Qualified Settlement BOBROW, RICHARD S. May Necessitate Immediate Action—Refund Funds. 96:232 January 96:8. Potential. 96:639. THOMPSON, STEVEN C. CONNOR, JAMES E. GRIBENS, BRUCE K. SRLY Loss Temp. Regs. Offer Significant Planning April 96:198. IRS Issues Guidance Regarding Information Opportunities. 96:738 HARRILL, ROY B. Document Request Contents. 96:638. November 96:658. HECK, PATRICK WALKER, DEBORAH JANICKI, MICHAEL Taxpayer Bill of Rights 2.96:636. Current Developments in Employee Benefits. Part May 96:262. O’NEIL, CHERIEJ . I—96:68 1. Part II—96:744 JOSEPHS, STUART R.. April 96:245. WARREN, STEVEN E May 96:262. July 96:438. The Intricaciss of the Sec. 179 Election. 96:425, KOPPEL, MICHAEL D October 96:635 December 96:722. PFLIEGER, DEBBIE WHITE, ALBERT S., Ill MACKLES, GLENN F Electronic Tax Payment: Coming Soon to a Tax- The Importance of aW ell-Drafted LLC Operating March 96:134 payer Near You. 96:440. Agreement. 96:484 OCHSENSCHLAGER, THOMAS P. IRS Issues Final Regulations on Information ZIMMERMAN, JOHN C February 96:70. Reporti ng, 96:246. Practical Tax Planning for Higher Education O'CONNELL, FRANKJ ., JR. IRS Issues Temporary Regulations on Automatic Costs. 96:692 September 96:526 Extensions of Time to File. 96:246. ZYSIK, JEFFREY C PORTNOY, LAWRENCE F. IRS Implements Portions of Taxpayer Bill of Significant Recent Developments in Estate Plan- July 96:398 Raghts 2.96:247 WIESNER, PHILIPJ . Update: The Electronic Federal Tax Payment Sys- ning. 96:753 June 96:326. tem. 96:635. Computers in Taxation WITT, ALAN M. Tax Practice Management October 96:594 CRANGLE, JAN ZWICK, GARY A BOBROW, RICHARD S. EDI and the Tax Department. 96:243 August 96:462. December 96:763. HICKS, SAMA EVERIDGE, KATHY January 96:41 Tax Education Practitioners Beware—Use of Form 1045 or 1139 April 96:243 BRADWICK, FAYE May Create Unexpected Liability. 96:763. The Impact of Technology on Tax Practice in the “School-to-Work” Preparedness: Integrating Tax GOLDBERG, WALTER 5S. 21st Century. 96:436. Clinics Into the Business Curriculum. 96:503. Practitioners Beware—Use of Form 1045 or 1139 Tax Division Survey Results on Practitioner Soft- MILLER, MICHELE May Create Unexpected Liability. 96:763 ware Uses. 96:632. Challenging College Students With Real-Life Tax MURRAY, MARK F LOVE, JERRY I Problems. 96:308 Client Screening: How to Reduce Malpractice Technology Alerts. 96:41 PORTER, JEFFREY A Exposure. 96:179. CD-ROM Update. 96:43 May 96:308. PASCARELLA, STEPHEN E., Il PRESCOTT, C. EUGENE August 96:503. March 96:179. Tax Division Survey Results on Practitioner Soft- November 96:701. June 96: 373. ware Uses. 96:632 STROBEL, CAROLINE D. September 96:570. RUBENSTEIN, ROBERT L 1996 Tax Education Symposium: Preparing the December 96:763 April 96:243 Tax Professional for the 21st Century. 96:701 STARKMAN, JAY The Impact of Technology on Tax Practice in the The Tax Court Exam. 96:373. 21st Century. 96:436 Tax Practice & Procedures VAN BEUSEKOM, MARK October 96:632 Making the Right Hire: Behavioral Interviewing. CAMMARATA, JOSEPH 96:570 State & Local Taxes April 96:245. WOLFE MICHAEL S. July 96:438. Sales Management for Tax Practices. 96:375 BARTON, BARBARA ELY, MARK H ZACK, JAY Update on FTA EDI Audit and Legal Issues Task Interest Netting Strategies: Northern States Power Making the Right Hire: Behavioral Interviewing, CALKFoIrNceS., 96:7C6A5R OL Decision. 96:245 96:570 Update on FTA EDI Audit and Legal Issues Task Force. 96:765 Key to Page References ESSTMAN, DONALD L Physical Presence Can Be Established Due to In- PAGES ISSUE PAGES ISSUE State Deliveries. 96:576 The Single Sales Factor—A New Trend? 96:574 96: 1-64 January 1996 96:393-456 July 1996 JOSEPH, DOUGLAS A. 96:65—128 February 1996 96:457-520 August 1996 Massachusetts Single-Sales Factor Apportionment 96:129-192 March 1996 96:521-588 September 1996 96:193-256 April 1996 96:589-652 October 1996 96:575 Sales and Rental of Construction Equipment to 96:257-320 May 1996 96:653-716 November 1996 Contractors for Use on Indian Reservations in 96:321-392 June 1996 96:717-788 December 1996 Connecticut. 96:577 KREVITSKY, PHIL The contents of The Tax Adviser from the date of inception (January 1970) through December 1991 are indexed in Committee Projects and Activities. 96:379. the Accountant's Index, a publication of the American Institute of Certified Public Accountants, and in the online data- LIPPMAN, MICHAEL H. base Accountants, available on the Orbit Search Service System. From January 1992 on, the contents are indexed in States Enamored With Deceptively Attractive Accounting and Tax Databav/Index, available online on Dialog, File 485, a product of UMI/Data Courier. “Geoffrey Nexus” Position. 96:378. THE TAX ADVISER / DECEMBER 1996 783 ‘Subjectindex Accounting Methods & Periods ruling requests. 96:324 effect of subsequent events. 96:594. Subsidiary’s convertible debentures. 96:118. fractional interest discount. 96:460, 581 Accelerator leases Use of “drop-down” technique to effect account- special use. 96:53 depreciation. 96:22 ing method change. 96:90 Accounting method change Excise Taxes after Sec. 351 transfer. 96:135 Credits Against Tax FICA and FUTA on year-end wages. 96:773 Bequeathing retirement account to private founda- use of “drop-down” technique to effect. 96:90 Research credit non. 96:600 Adoption of new method after Sec. 351 transfer audit plans. 96:139 Foreign insurance excise tax refunds. 96;139 96:135 qualified research. 96:116 Retirement plan assets. 96:725. Auto dealers Work opportunity tax credit. 96:722 LIFO conformity. 96:134 Depreciation & Amortization Exempt Organizations Bargain purchases of inventory. 96:21 Charitable contributions of inventory. 96:203 Cash method Accelerator leases. 96:22 Charitable gift annuities. 96:7 use by construction businesses. 96:135 Change in accounting method. 96:324 Church-affiliated organizations Credit card fees. 96:313 Intangibles filing requirements. 96:120 Depreciation losses on disposition. 96:403 Church plan requirements. 96:338 accelerator leases. 96:22 change in accounting method. 96:324 Employees’ Plans and Trusts Cooperative housing corporations and Sec. 277. luxury car trade-ins. 96:462 See “Pensions.” Don9a6t:i4o0n6 of old bread, valuation. 96:120. office furniture and fixtures. 96:530 Elder-care facility joint venture. 96:17 Hybrid cash-accrual method. 96:326 ERISA Filing plan letters and applications. 96:592 Inventory valuations and purchase price allocations 96:398 See “Pensions.” Forms processing. 96:460. Group insurance programs. 96:72. LIFO inventory Estates, Trusts & Gifts Low-income housing safe harbor. 96:396. dual-index method. 96:198 Museum sales activities. 96:204. ISP papers. 96:136 Admunistrative expenses. 96:324 Passive income from subsidiaries. 96:205. OID and mark-to-market requirement Annual exclusion gifts Pooled income funds in community trusts. 96:644. Rent holidays. 96:707 and Crummey powers. 96:264 Prohibited transactions. 96:203. Rotable spare parts. 96:137 Art School bookstores. 96:528 Sec. 351 transfers as “bargain purchases” of invento- statement of value. 96:68, 141 Stock option plan amendment. 96:342. ry. 96:328 Buy-sell agreements. 96:598 UBIT Settlement fund reporting, 96:197, 232 Charitable contribution substannation rules. 96:333 determining UBI. 96:72 Trade discounts. 96:262 Charitable remainder trusts. 96:724 Utilities industry labor costs. 96:261 Credit for prior transfers. 96:495, 596 Expenses Charitable Contributi Crummey trusts. 96:264 Deceased’s personal representative Acquisition-related compensation. 96:340. Art income tax planning and elections. 96:621 Auto depreciation limits. 96:132 statement of value. 96:68, 141 Disclaimers. 96:592 Bad debt expense Business donation of building to be burned. 96:73 Excise taxes on retirement plan assets. 96:725 deductibility. 96:442 Family owned businesses Business Consolidated Returns use of lifetime gifts. 96:97 charitable contributions Foreign grantor and nongrantor trusts. 96:676. donation of building to be burned. Effect of investment adjustment regs. ON post- 1994 Form 1041-A. 96:334 96:73 E&P 96:658 Generation-skipping taxes developing manufacturing processes. 96:401. Elections after regs. 96:329 final regs. 96:405 employer-provided meals. 96:601 SRLY losses. 96:738 late allocation of exemption. 96:726 environmental cleanup costs. 96:531, 602. Zero-basis regs. 96:332 Grantor trusts expansion costs. 96:399, Corpora& tShiareohonldser s “defective.” 96 16,463. R&E expenditures reporting requirements. 96:335 trade or business requirement. 96:206 Annualizing AMT in first short year. 96:462 GRATs remediation-related costs. 96:205. Attribution rules. 96:309 noncash payments from. 96:199 *haritable deductions for flowthrough entities B reorganization and cash payment. 96:328 use of notes to pay annuity. 96:465. 96:466 P Capitalization and Sec. 1244 stock. 96:44 Life insurance Computer used at home. 96:238 Captive insurance arrangements. 96:18 excluding proceeds. 96:595 Condominium rental losses. 96:341 Controlled group status irrevocable trusts. 96:140 Education. 96: 197 avoiding. 96:526 split-dollar. 96:199 Employee bonuses. 96:14. Dispositions of worthless subsidiaries. 96:402 Marital deduction Just-in-time implementation costs. 96:15 Distributions of depreciable real estate. 96:722 QTIP planning. 96:264 Interest, see “Interest Income & Expense.” Foreign insurance excise tax refunds. 96:139 Nonresident aliens. 96:554 Law firm F reorganizations. 96:396 QPRTs. 96:337, 597 client costs. 96:728 Hostile takeover projections (chart). 96:593 QTIP election reimbursements of previous advances. 96:60. R&D credit audit plans. 96:139 discretionary QTIP clauses. 96:70 Lease termination payments. 96:467 Reorganizations and corporate divisions Recent developments. 96:753 Legal fees to recover insurance proceeds. 96:645. acquisition of target stock in anticipation of Trusts Long-term care insurance. 96:728 merger. 96:19 creating defective grantor trusts. 96:463 Resort condominiu96m:2.5 i partnership's distribution of stock received in withdrawal portion. 96:56 Sec. 179 regulations. 96:425, 468. reorganization. 96:20 Valuation Settlement fund Sec. 355 art. 96:68, 141 payments to. 96:232. business purpose. 96:526 discount for property split between QTIP Specific costs distributions. 96:396 marital trust and surviving spouse. 96:599. deducubility or capitalization. 96:184. 784 THE TAX ADVISER / DECEMBER 1996 Equity split-dollar arrangements. 96:348. key issues and answers. 96:418. FICA merger of S corp. into. 96:217. Brown Group. 96:132, 207. proposed regs. 96:210. operating agreements. 96:484 -anada refund opportunities under Sec. 3121(v) prop. use for operating companies. 96:472. estate tax issues. 96:407. regs. 96:663. versus S corporations. 96:547. RRSPs. 96:469 Frequent-flier miles. 96:7, 57, 148, 524, 582. tax treatment of U.S. LLC. 96:661. Hospital discounts to classes of patients. 96:13. Partners& Partnerships Unlimited Liability Company. 96:73. Injury-related punitive damages. 96:260. Conducting business in foreign markets. 96:628 Nonqualified deferred compensation. 96:149. Allocation of Cost-sharing regs. 96:265 Payments to lawyer serving on client's board. 96:12. income and losses. 96:381. Foreign Personal injury damages. 96:730. nonrecourse debt under Sec. 752. 96:640. base company sales income. 96:408 exclusion by C corporation. 96:608. Charitable deduction of marketable securities. corporations Property received for services. 96:609. 96:271. stock transfers to. 96:141. Reimbursement of employees’ health insurance Deemed distributions on technical terminations. currency losses. 96:446. deductible. 96:13. 96:537. deferred compensation plans. 96:41 1 Rent-free lodging. 96:351 Gifts of family limited parmership interests. 96:273. grantor trusts. 96:325, 676 Rent from wholly owned corporation. 96:13. Involuntary conversion proceeds. 96:411. insurance excise tax refunds. 96:139 Partner's transfer of encumbered property. 96:113. nongrantor trusts. 96:676 SSeect.t l1e0m8e(nct) (3p)a(yCm)e netl,e cttiaoxna.b il9it6y:.5 4956 :610. Partnership loss tax credit carrybacks. 96:639 Stock-based compensation plans. 96:732. effect on partners’ bases. 96:185. 8» visa holders. 96:343 Partnership property distributions. 96:213. Nonresident alien Individuals Publicly traded partnerships. 96:7, 150, 669. GST tax rules. 96:661 Recent developments. 96:172. information reporting, 96:207 Alimony payment reductions. 96:470 “Substantial allocation” of contributed property. Sec. 874(a) deductions. 96:656 Cash flow planning for tax payments. 96:181. 96:18. Permanent establishments. 96:28 Expatriation statements. 96:676. Trading partnerships. 96:474. R&E expenses. 96:533. Foreign grantor and nongrantor trusts. 96:676. Unified audit procedures. 96:61 1. Transfer pricing Higher education costs. 96:692. Long-term care insurance. 96:728 Passive Activities conference. 96:657 guidelines. 96:265 Per capita Federal tax burden by state (chart). Condominium rental and use of rental agent. intercompany royalties. 96:604 96:72 1. IRS adjustments (chart). 96:196. Projected individual return filings (chart). 96:525 96:475. “most current data” requirement. 96:11 Retired insurance agent’s monthly payments. Pensions studies. 96:267 96:512. Travel expenses for foreign nationals on U.S. intern- Self-employment tax planning. 96:703 Amnesty. 96:152. ships 96:343 Taxes as a percentage of household income (chart). Amount merged from qualified to nonqualified Treaty developments. 96:144 96:657. plan. 96:186. U.K. tax residence. 96:268 Interest Income & Expense Barring state taxation of nonresident pensions. 96:68, 279. Gains & Losses AICPA regulatory recommendations. 96: Contributions made during grace period for filing Boot received in acquisitive reorganizations. 96:248, CEoxrepmoprta tein tedreebstt ifsosru efdi nawnictiahl wiarnrsatnittsu. ti9o6:n2s7.0 . 96:52 Currreetnutrn .d e9v6e:l64o6p.m ents. 96:681, 744. ContriUb ution carryforwards in AMT. 96:74. Interest on funds borrowed from original | Defined benefit plan minimum funding standards. DCoetbtta gem oSdaivfiincgast ifoinna l rerleigesf.. 9966::446600. Lea9s6e:-7s tr12i.p ping transactions. 96:77. DDuOaL9l6 :6S.ce ch.a n4g0e1s (tko) /Fnoornqmu al55i0f0i eds erdieefse.r r9e6d: 7.c ompensa- EHemdpgoiwnegr metnrtan sazcotnieo nse mplino ymceonnsto licrdeaditte.d 96:g3r4o4u.p s. OIDa ccrcuoamlpsu toant isoencusr ities with doubtful collectibility. Eligtiibolne arrorlalonvgeerm ednits.tr ib9u6t:i8o.n s. 96:538. LLoisks9e 6-c:ka1ir9nr7dy oveexrcsh anogne sr.e al9 6es:t5at3e4. 96:606 Pasesftfehcr9t6os: u6go6fh5 i.n teenrteistyt’ sr atdese.b t9-6f:4i0n9a.n ced distributions. EEmmpp9ll6oo:y1ye0er.e' s stoccok mppeunrscahtaisoen pfloarn se.m p96l:o6y7e0e. plan's losses. Prindceisptarlo yreeds iidne nicnev oluntary conversion. 96:510. “Qu9a6l:i7f3i2e d stated interest” on debt instruments. FFoorremi gn5 50d0e feprlraendn icnogm.p e96n:s7a7t.i on plans. 96:41 1. pre-reexsiisdteinncge mcoosrtt. ga9g6e:s4 47a.n d replacement Sec. 964:6271 prop. regs. 96:667 Goocdo-nftaiintuha ticoonm plciovaenrcaeg e wirtehq uCirOemBeRntAs. 96:384. vacating under divorce settlement. 96:709 Tax deficiencies IRAs Sale9 6:of7 29S. stock for oil, gas or mining corporations. pdeerdsuocntailo ni ntfeorre.s t9.6 :9261:24 30. prelcaanlnciunlga tionpgp odritsutnriitbiuetsi.o ns9.6 :9763:34.7 7. Sec. 1244 stock. 96:663 Legislation Keogh deductions based on S income. 96:215. Short sales against the box. 96:345. Loans from retirement plans. 96:152, 274, 539. Specified liability losses. 96:75. Affecting S corporations. 96:614 Minimum service rules. 96:774. Worthless securities. 96:730. Barring states from taxing nonresident pensions. Multiple employer welfare benefit plans 96:68, 279. contributions to. 96:273. Gross Income Blue Book. 96:721. Participant contributions as plan assets. 96:276. Auto lessee inclusion amounts. 96:132. Educational expenses. 96:197 Plan examination guidelines. 96:6. Deferred compensation in closely held C corpora- Exempt organizations. 96:7. QDROs. 96:514. tions. 96:208 Foreign grantor trusts. 96:325, 676. Rollover of plan benefits. 96:9. Disposition of depreciable encumbered property. Taxpayer Bill of Rights 2.96: 247, 524 Sec. 401 (k) plan deferrals. 96:80. 96:269 LiC& sLIP s Select group qualified nonelective contributions. Divorce payments 96:352. after payee spouse’s death. 96:75 Canadian tax treatment of U.S. LLC. 96:661. Self-employment treatment of Keogh and SEP deducting early years’. 96:268. “Check-the-box” entity classification proposal. contributions. 96:6, 61 Erployer-provided 96:213. SIMPLE plans. 96:720, 734. health benefits to domestic partners. 96:210 LLCs Surviving spouse as IRA and qualified plan benefi- meals. 96:209 guaranteed payments for use of capital. 96:473. ciary. 96:354. THE TAX ADVISER / DECEMBER 1996 785 1996 fiscal-year receipts (chart). 96:260. Sec. 1367 repeal relief. 96:197. Penalties for failure to file agency authorization. Sec. 1374 regulations. 96:157. Automatic filing extensions. 96:246 96:11 Service organizations Electronic tax payment. 96:440, 635, 656 Preparer penalties. 96:260 final regs. 96:481 Estate tax refund Pretransaction memoranda prepared by accounting Suspended losses unassessed interest offset. 96:439 firm. 96:35 limits on shareholder use. 96:217. Examination Settlement Authority. 96:439 Projected individual return filings (chart). 96:525. Versus LLCs. 96:547. Field service advice and technical advice requests Reclassification of workers as employees. 96:102, 96:638 358. Special industries FIIInonntrffeeoorirersgmmtnaa ttniiteaootxnn t icnrdrgeeo dpcisotutr rmtacietaennrggrit ey sbr.ae rgcesk9.qs 6u.:e9 s26t4:9 526 4c:o66n 3t9e nts. 96:638 Refcfuillnaidinm g ovfe srusiuts atse nptraotivvied incagr rsyubfafcikc.i ent9 6:n7ot6i3c.e . CFIinonsmaunmrcauinanclie tiyns tibtauntkison.s ’9 6e:x5e43m.p t interest. 96:535. Quashing IRS third-party summons. 96:438 for d9e6:l6i4n8q,u ent filers. 96:188, 216 captive arrangements. 96:18. RTeafxupanyde r clBaililm ovfe rRsiugsh ttse nt2a. t9i6v:e 24c7a,r ry5b2a4c,k .6 3966 :763 largJeo int Committee Review. 96:414. Texarsspelf iuLtn-iddsmo.il tle9ard6 : 1lBi3f9ae. n iknisnurga nAcses.o c9i6a:t1io9n9., 9364:88.2 . Practice Management Relsitaarntc eo f pone rieoxpde rbta saeddv icoen. N9O6L: 81. carryback. 96:452. Treatment of short-term loans for cash-method banks. 96:83 Behavioral interviewing, 96:570 Remittance sent with extension request. 96:585 Utilities industry labor costs. 96:261. Circular 230. 96:6, 46 Responsible person. 96:450 Client screening, 96:179. Return preparer errors. 96:68 State & Local Taxes Disaster Area Practice Guide. 96:260 Sales management. 96:375 Barring state taxation of nonresident pensions. Sales management. 96:375 Sec.l i6ab6i7li2t y for arranging financing agreement. 96:68, 279 Tax Court exam. 96:373 California Form 3565 filing requirements. 96:612. Tax Division meetings (chart). 96:261 96:125. Cyberspace taxation. 96:674. TIPS line. 96:183, 250, 312, 383, 445, 509, 580, Setrtelcekmleensst dfiusnrde garredp orast iwnigi,l f9ul6n:e1s9s7., 962:342.4 8 Current developments. 96:224, 296. 643, 706, 772 Social Security records. 96:197 FTA EDI Audit Task Forces. 96:765. Procedure & Administration SRTPs Geoffrey nexus position. 96:378. state enforceability. 96:501. Indian reservations Accountant-chient privilege. 96:154 Substantial understatement penalty. 96:277. sale and rental of construction equipment. Accounting firm’s memo for client corporation Taxpayer Bill of Rights 2.96:247, 524, 636. 96:577 96:48 Telephone number penalty relief. 96:593 Integrated plant doctrine for manufacturing equip- Adequate disclosure guidelines. 96:124 Tip rate determination program. 96:479 ment. 96:358 Authority on amended returns. 96:276 Transferee bound by transferor’s closing agreement. MTC Backup withholding regulations. 96:153 arbitration program. 96:397. 96:50 Circular 230. 96:6, 46 position on attributional nexus. 96:359. Classification Real Estate Nexus for interstate sales. 96:576, 592. of entity election. 96:478 North Carolina intangibles tax. 96:196. settlement program. 96:316, 358 Avoiding Sec. 1038. 96:34 Ohio use tax on natural gas. 96:261. Correcting depreciation errors. 96°540 Condominium rental Personal property taxes. 96:672. Designated delivery services. 96:720 and use of rental agent. 96:475 Single-sales apportionment. 96:574. Disclosure statements losses. 96:341 Massachusetts. 96:575. processing of returns containing. 96:415 Deducting resort condominium expenses. 96:251. State tax department Internet sites (chart). 96:461. Economic reality audits. 96:218 Election of entity classification. 96:81. Survey results (chart). 96:324, 325, 397. EFT use requirement. 96:541 Lease Tax Division Committee projects and activities. Electronic filing. 96:6, 68 acquisition deductions. 96: 166. 96:379 Estimated tax penalty avoidance. 96:507 termination payments. 96:467 Unemployment insurance rates Extensions Loss carryovers. 96:606 reducing. 96:84. reasonable estimate requirement. 96:612 Material participation by condo owners. 96:51. Use tax on mail-order vendors. 96:6. FICA taxes on tp income. 96:355 Principal residence Financial status audit techniques. 96:110, 218 pre-existing mortgages and replacement Tax Education Form 1040-V payment voucher. 96:132 residence cost. 96:447 Form 5300 filing as basis for Sec. 6701 penalties Rentals to closely held corporations. 96:82. AICPA Symposium. 96:701. Rent-free lodging. 96:351 Arthur Andersen Tax Challenge. 96:307. For9m6 58 2l76 5 disclosure. 96:10 Rent holidays. 96:707 Integrating tax clinics into the business curriculum. 96:503 Golden parachute sanctions. 96:413 S Corporations Imaging systems for books and records retention Technology 96:672 AAA valuations in redemptions. 96:416. Improper practitioner conduct. 96:46 Boot in acquisitive reorganization. 96:770. AICPA survey on practitioner software uses. Independent contractor versus employee Built-in gains tax final regs. 96:157 96:632 independent dealership salesmen. 96:650 Current developments. 96:614, 736 Alerts. 96:41 IRS guidance. 96:196 Distributions. 96:735 CD-ROM Individual taxpayer identification number. 96:397 Effects of public offerings tax research. 96:23. Innocent spouse. 96:524 coordination of by shareholders on closing update. 96:43 Interest on underpayment, elimination by FTC books. 96:216. EDI. 96:243, 765 carryback. 96:671 E&P computation for final C year. 96:252. Impact on 21st century tax practice. 96:436 IRS budget cuts. 96:699 Keogh deductions based on S income. 96:215 Internet IRS field service advice memoranda. 96:356 Merger into LLC. 96:217 guide for CPAs. 96:720. IRS Practitioner Hotline phone numbers. 96:133 Passthrough income as self-employment earnings. primer. 96:488 Mediation for dispute resolution. 96:281 96:6, 61 Intranets. 96:561 Miscellaneous regulations. 96:68 QSST traps. 96:542 The Tax Adviser on CompuServe. 96:38. “Most current data” requirement for transfer pric- Sale of S stock for oil, gas or mining corporations. ing. 96:11 96:729 Nanny tax. 96:85 Secs. 1367 and 1368 final regulations. 96:288, 361. 786 THE TAX ADVISER DECEMBER 1996