Tax Adviser, The

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Articles in October 2007 issue of Tax Adviser, The

• Tax treatment of market discount bonds.
  by Oberst, Timothy S.
• Final regulations on dual consolidated losses: originally enacted in 1986, the dual consolidated loss (DCL) rules are designed to prevent a corporation from using a net operating loss to offset income both in the United States and in a foreign country. Pa
  by Jacobs, Karen; O'Connor, Peg; Rollinson, Marjorie A.
• Kiddie tax changes for 2008.
  by Cockrell, Clint; Dulworth, Cynthia
• The growing epidemic of financial elder abuse (and what CPAs can do about it).
  by Freedman, Mitchell
• Prop. regs. clarify treatment of trust administrative expenses.
  by Nevius, Alistair M.
• Some prior-year MTCs will be refundable beginning in 2007.(minimum tax credits)
  by Young, Ben; Zainer, Timothy P.
• IRS announces new approach to the National Research Program.
  by Carlton, Lawrence H.
• Benefits under PPA '06 expand to include beneficiaries.(Pension Protection Act of 2006)
  by Sinclair, Kirk
• Distinguishing between independent contractors and employees.
  by Bier, Rivka
• Advantages of a C corporation.
  by Starkman, Jay
• Nonqualified deferred compensation and sec. 409A final regs.
  by Rose, Jonathan
• New rules govern practice before the IRS.
  by Messier, Susan G.
• Installment agreements: an alternative to offers in compromise.
  by Zwick, Marc
• Debt-financed income and UBTI. (unrelated business taxable income)
  by Fetsch, H. Martin
• Modifying the order of distribution rules for an S corporation with AE&P.(accumulated earnings and profits)
  by Burke, Daniel J.
• IRS extends the reach of sec. 83 to post-grant stock transfers.
  by Beavers, James
• Opportunities to claim health care expenses as deductions.
  by Williamson, Donald L.
• S stock call options as a second class of stock.
  by Pitts, Jennings P.
• Tax considerations for corporate aircraft.
  by Webb, John D., III
• Payments for future remediation expenses are not insurance premiums.
  by Lindbloom, John W.
• Sec. 1446 withholding.
  by Cauley, Christopher S.
• Treatment of legal fees incurred by individuals: depending on the claim that generated them, individuals' legal fees may be characterized in a variety of ways, from fully deductible to deductible only as a miscellaneous itemized deduction to totally nonde
  by Nellen, Annette
• Sale of vacation home disallowed as tax-free like-kind exchange.
  by Ackerman, Joel
• This two-part article discusses recent legislation, cases, rulings, regulations, and other developments in the S corporation area. Part I focuses on eligibility, elections, and termination issues.(Current Developments in S Corporations, part 2)
  by Burton, Hughlene A.; Karlinsky, Stewart S.