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Previous Issues

October 10, 2007
- Disabled Attorney Can Exclude Insurance Benefits
- Late Action Costs Shareholder $5 Million Deduction
- IRS Issues Warning About E-Mail Scam
- IRS Unveils Online Employer Identification Number Application

September 12, 2007
- Could Home Foreclosure Tax Relief Be On The Way?
- Contractors May Face IRS Scrutiny
- Couple Penalized for Switching Their Tax Story
- Another Way Lying Doesn't Pay
- Environmental Cleanup Costs Revisited

August 15, 2007
- Teachers Get Reprieve on Pay Cycle Elections
- IRS Allows Reduced Home Sale Exclusion
- Court Denies Deduction for Unsubstantiated Business Expenses

May 23, 2007
- Dependency Exemptions for Single Parents
- Duped Docs Denied Discharge of Tax Debt
- Tax Court Allows Customer-Targeted Advertising
- Public Disclosure of Charities' Business Tax Returns

March 14, 2007
- Lack of Records Precludes Tax Deductions, Invites Penalty
- Ruling Lets Trust Exclude Life Insurance Proceeds
- Guidance on Rollovers to Health Savings Accounts

January 31, 2007
- Taxpayer Denied Access to Tax Court
- Expansion of Horse Activities not a Business Startup
- Court Rules Antarctica not a Foreign Country
- Tax Returns are Due April 17, 2007

January 3, 2007
- IRS Clarifies 'All Events' Test for Accrued Liabilities
- IRS Resumes Consideration of Cash Balance Retirement Plans
- Conservation Easements Qualify for Charitable Deductions

December 20, 2006
- Retired Employee Loses ISO Tax Benefit
- Using Payroll Deduction for Charitable Giving
- IRS Expands Use of Debit Cards for Medical Costs

September 13, 2006
- Taxation of Certain Damage Awards Unconstitutional
- Some Military Personnel Can Make Past-Year IRA Contributions
- Telephone Tax Refund Procedures Announced

August 16, 2006
- IRS Unveils Online Payment Application
- Refund Denied for Taxes Paid in Error
- IRS Earns Split Decisions in Tax Shelter Cases
- Late Payment Interest Runs From Original Due Date

August 2, 2006
- New Tip Reporting Program Announced
- Early Distribution Penalty Applied to IRA Distribution
- Payment to Ex-Wife Failed to Qualify as Alimony
- Energy-Conscious Employers Must Withhold Taxes

July 5, 2006
- Procedures for Energy-Efficient Building Deduction
- Guidance for Alternative Fuel Vehicle Credit
- Guidance for Revoking a Section 83B Election
- Flood Closes IRS National Office

June 21, 2006
- LIFO Calculation Error Ruled Change in Accounting Method
- No Deduction for Charitable Contribution of Conservation Easement
- President Signs Military Retirement Savings Bill

May 24, 2006
- President Signs Tax Reconciliation Bill
- Tax Court Accepts 50 Percent Discount for Closely Held Stock Valuation
- Ruling Describes Interaction of IRAs and the QTIP Election

May 10, 2006
- Gambling Winnings are Taxable Income
- New IRS Money Laundering Initiative
- Sample Plan Amendment for Designated Roth Contributions
- New IRS User Fee Schedule for 2006

March 15, 2006
- Certification Procedures for Residential Energy Credits
- Medical Reimbursement Plan Upheld Between Wife and Husband
- Chrysler Corp. Denied Deduction for Warranty Accrual

March 1, 2006
- IRS Simplifies Six-Month Extension Procedures
- IRS Gives Further Extensions to Katrina Victims
- IRS Issues Certification Procedures for Builders of Energy-Efficient Homes

February 15, 2006
- Social Security Disability Benefits Subjected to Tax
- IRS Must Pay Dance Studio's Costs in Worker Classification Case
- IRS Announces 'Dirty Dozen' Tax Scams for 2006

February 1, 2006
- Employment Tax Filing Eased for Small Employers
- Charities Must Report Receipt of Vehicles
- Heavy Equipment Dealers Can Use Replacement Cost in LIFO Calculations
- Tax Debt Not Discharged in Bankruptcy
- IRS Adds Online Tool to Calculate AMT

January 4, 2006
- New Business Tax Incentives for Rebuilding Hurricane Damage
- IRS Cautions Charities and Contributors About Vehicle Donations
- IRS Announces 2006 Standard Mileage Rates
- Alternative Minimum Tax Strikes Again

December 21, 2005
- Tax Reform Panel Releases Final Report
- Ruling Addresses Employee Relocation Assistance
- IRS Warns of Phishing Expedition

November 23, 2005
- New Regulations Affect Tax Return Extensions
- IRS Issues E-File Guidance
- Additional Vehicles Certified for Clean Fuel Deduction

October 12, 2005
- IRS Updates Per Diem Travel Expense Rules
- Proposed Regulations Address Nonqualified Deferred Compensation
- Tax Court Allows Deduction for Cost of Master’s Degree

September 28, 2005
- New Consumer Energy Credits Available for 2006
- New Business Energy Incentives Available for 2006
- New Vehicle Tax Credits Available for 2006

August 31, 2005
- Regulations Value Annuity Contracts in Roth Conversions
- IRS Addresses Withholding Compliance
- Guidance for Repatriating Foreign Earnings

August 17, 2005
- Exercising Stock Options During 'Lock-Up' Period
- Taxation of Employee Tool Reimbursements
- Court Finds Profit Motive Despite 12 Years Of Losses
- New Extension in Works For 2005 Returns

June 22, 2005
- IRS Issues Additional Guidance on Vehicle Contributions
- IRS Clarifies Tax Rules for Adoption of Foreign-Born Children
- IRS Releases New Form for Extending Gift Tax Returns

May 11, 2005
- Tax Court Denies Pass-Through Losses from S Corporation
- IRS Rules on Tax Treatment of Medical Reimbursement Plans
- Tax Court Determines Ownership of Unincorporated Business

April 27, 2005
- Tax Court Lets Estate Exclude Assets Transferred To LLC, But Not To FLP
- Health Savings Account Rules Clarified For Families With Dual Coverage
- IRS Eases Requirement For W-4 Form Submission By Employers

March 16, 2005
- Roth Treatment For 401(K) Plans Proposed For 2006
- Tax Court Allows Depreciation of Development Rights Cost
- Additional Guidance Provided For Sales Tax Deduction
- IRS Proposes New Rules For Avoiding Accuracy-Related Penalties

March 2, 2005
- No Interest Deduction for Payments to Shareholders
- Court Denies Exclusion for Prejudgment Interest
- IRS Unveils Redesigned Employment Tax Return
- Tsunami Areas Receive Disaster Area Designation

February 2, 2005
- Supreme Court Decides Contingent Attorney Fee Cases
- IRS Allows Additional Time to Complete Some Like-Kind Exchanges
- New Deferred Compensation Rules Drive Changes to Form W-2
- Archer Medical Savings Accounts Available for 2005

January 20, 2005
- Tsunami Relief Contributions Deductible on 2004 Tax Returns
- IRS Expands Interest Suspension Rules
- HFA Contributions Clarified For Partners and S-Corporation Shareholders

January 6, 2005
- New Rules Affect Qualified Retirement Plans
- IRS Modifies, Clarifies Student Fica Exemption
- IRS Focuses Attention On S Corporation ESOPs
- Larger Businesses and Charities Should Prepare For Electronic Filing

December 23, 2004
- New Deferred Compensation Rules May Require Immediate Action
- IRS Simplifies Tax Deposit Rules For Small Business
- Buy-Sell Agreement Doesn’t Control Estate/Gift Tax Valuation

November 11, 2004
- IRS Loses Three Tax Shelter Cases
- IRS Refines Offer In Compromise Program

September 16, 2004
- Business Bad Debt Results In Itemized Deduction
- Full Standard Deduction Allowed To Dependent Child
- Separation Payments Not Subject To Withholding
- Florida Hurricane Victims Granted More Time By IRS
- Client Tax Records Available Online

September 9, 2004
- IRS Will Provide Decedent’s Income Tax Information To Heirs
- Social Security Disability Insurance Benefits Are Taxable
- Multiple Securities Trades Don’t Qualify As Business Losses
- New Form Aids Successor Employers
- Sample IRS Notices Available Online

August 19, 2004
- New Regulations Permit Retroactive Changes To Section 179 Elections
- Qualified Dividend Income May Be Treated As Investment Income
- Tax Relief For Storm Victims

August 9, 2004
- Car Donations Focus Of New IRS Publications
- Corporate Disclosure Requirements Issued
- IRS Adds Two New E-Services Tools

- IRS Warns Against Certain Versions Of Downloaded Forms

July 21, 2004
- Guidance For Claiming Abandonment Losses
- Tax Court Reviews Constructive Receipt Rules
- Owners Of Low-Income Housing Can Waive Annual Recertification
- Same-Sex Married Couples Can’t File Joint Returns

July 7, 2004
- Final Regulations On Depreciating Change-Of-Use Property
- Light Trucks Exempted From Luxury Car Depreciation Limit
- Court Rules Commuting Costs Not A Medical Deduction
- Like-Kind Exchange Denied For Similar Property

June 28, 2004
- Fica Tax On Stock Options Received In Divorce
- Neighbors’ Hostility Nets Tax Break For Couple
- Use New Proof-Of-Residency Form To Confirm Tax Status
- Flexibility Offered For Disability Coverage

June 9, 2004
- Payroll Tax Penalty Refund Available
- Couple’s IRA Deduction Disallowed
- IRS Adds New Tools To Its Web Site
- New IRS Site Guides Usage Of Freedom Of Information Act

June 4, 2004
- Final Regulations Issued On Education Loan Interest
- Amended Returns Must Be Filed On Time
- IRS Revises Power Of Attorney Form – Again

May 12, 2004
- Per Diem Rules Must Be Strictly Followed
- Tax Court Interprets Partnership Related-Party Guarantee Rules

April 28, 2004
- New Draft Revenue Procedure Released For Qualified Retirement Plans
- IRS Publicizes Taxpayer Advocate Service
- Vehicle Depreciation Limits For 2004 Announced

April 14, 2004
- Additional Guidance Provided On Health Savings Accounts
- E-Filing Option Available For Corporations And Exempt Organizations

April 2, 2004
- Executive Compensation Under Scrutiny
- No Deduction For Stock Loss Resulting From Corporate Misconduct
- Farmers Advised To Check Tax Reporting For CCC Loans

March 18, 2004
- Retired Partners Avoid Self-Employment Tax
- Aggressive Compensation Technique Closed
- New Applicants Sought For Issue Resolution Program
- Nonqualified Annuities Can Avoid Early Distribution Penalty

March 8, 2004
- More 2003 Dividends Qualify For Reduced Tax Rates
- Home-Based Business Abuses Identified
- Guidance Offered For Retirement Plans Funded With Life Insurance
- Time Running Out To Make Election

February 23, 2004
- Ruling Focuses On ESOPs And S Corporations
- Drivers May Exclude Mileage Reimbursements
- Environmental Cleanup Costs Must Be Inventoried
- Pilot Program Offers Research Credit Record-Keeping Agreements
- More Vehicles Certified For Clean Fuel Deduction
- IRS Proposes Expanded Reporting For Corporations