INDEX TO VOLUME 29 Novacare Makes Practitioners Ner- Dual Consolidated Losses of Multi- vous, Robert A. Rizzi (July/August nationals, Joseph M. Calianno, 02) 26 and Brent J. Gregoire, (Nov./Dec. 02) 13 Title Index Stapled Stock Structure Challenged, Distributions Howard S.E ngle (Nov./Dec. 02) 38 New Solutions to Multi-Step Acqui Business Purpose sitions in Tax-Free Reorganiza- lax Court Reversed in Compaq Com- Business Purpose Requirement for tions, Nathaniel T. Trelease, Dan puter, Howard S. Engle Transfers Expanded, Mark H. P. Meehan, & Lea Anne Storum (March/April 02) 35 Leeds (Jan./Feb ’02) 3 (May/June ’02) 5 Use of Functional Currency Mandated Novacare: Articulating Intent of Par- for Distributions, Howard S. Engle Compensation and Fringe ties in Documentation of a Deal (Jan./Feb. 02) 35 : Benefits May Not Prevent Adverse Tax Consequences , Robert A. Rizzi ERISA: Equity Investments by Plan Private Letter Rulings (July/Aug. 02) 26 Sponsors, David W. Ellis & Maura Can Liquidation Be Treated as an Ann McBreen (March/April ’02) 31 Renewed Focus on Negotiations in Ordinary Exchange?, Richard W. Proposed Golden Parachute Regula- NRiezwz i 35(5J(uel)y /ARuegg.u la’t0i2o)n s,1 8 Robert A. Bailine (Nov./Dec. 02) 26 tions, Christopher G. Guldberg Slippery Slope of Two-Member LLC, (May/June 02) 42 Reorganizations in Technology Sector, Richard W. Bailine (May/June ’02) Proposed Section 457 Regulations, Robert A. Rizzi (Sept./Oct.’02) 22 39 Andrea K. Kovar (July/Aug. ’02) 40 South Tulsa Pathology Laboratory Vindication of Mrs. Gregory in LTR Stock Options After 2001 Act, Matthew Deals with Corporate Distribu Dealing with Step Transaction, M. Johnson (Jan./Feb 02) 38 t0i2o)n s, 12R obert Rothman (May/June 3R1i chard W. Bailine (July/Aug. ’02) Recent Developments in Split-Dollar Worthless Stock Deduction on Lig Life Insurance, Narendra Acharya (Nov./Dec/ ’02) 41 International uidation of Insolvent Subsidiary, Revotcioantsi, onBsen oAf. NSeeicbtuirogne r 83((Sbe)p t./EOlcetc. Austirsalliaatni onC,o nsoHloiwdaatredd GrS.o upE nLgelge- R02i)c ha2r8d W. Bailine (Sept./Oct. 02) 39 (Sept./Oct. 02) 34 Carryover of Corporate Tax Attributes Recent Developments in Corporate Reorganizations, Aggregate Estimates of Restaurant Consolidated Returns Peter J. Connors & Richard A. Voll Employees’ Tips Upheld, Craig New Interim Loss Disallowance Reg- (March/April °02) 13 W. Friedrich (Sept./Oct. ’02) 46 Sutleawtaiornts,, anJda reSdt evGeonr dCo.n ,T hDoamvpes onN. Changes Sought in Corporate Inver Application of General Utilities Repeal sion Rules, Howard S. I ngle to RICs and REITs, Craig W. (July/Aug. ’02) 3 (July/Aug. 02) 45 Friedrich (May/June ’02) 46 Rite CCooAnlisldoi-lnLisod sast &e dD DuapGrlriiocnua pt,i Ao.n BrZywyaiwnt hainnP . Checckieinnt g to thCel aBiomx WMoaryt hlNeosts ,B e HoSwufafrid- Can inDgi sTtrrainbsuatcitoinosn ?,B e RPoabrte rto f Sa. HBeedrgn-- (March/April ’02) 5 oh Engle (Nov./Dec. 02) 36 stein (July/Aug. ’02) 36 Derivative Benefit Provision of Swiss Corporate-Owned Life Insurance rreaty, Howard S. Engle Determined to Be an Economic Corporate Organizations and (March/April. 02) 35 Sham, Craig W. Friedrich Reorganizations Extension Granted for Failure to File (Nov./Dec. 02) 46 Active Business Expansion: Rev. Rul. Annual GRA Certification, IRS Attacks Tax Avoidance Using 2002-49 and Conducting Busi- Howard S. Engle (‘an./Feb. 02) 36 Inflated Basis, Craig W. Friedrich nesses Through LLCs, Robert A. Final Brown Group Regulations on (July/Aug. 02) 46 Rizzi (Nov./Dec. 02) 21 CFC’s Share of Partnership Income, IRS Gives Up on Taxing Frequent Continuity of Business Enterprise Howard S. Engle (Nov./Dec. 02) 34 Flyer Miles, Craig W. Friedrich and Mutual Funds, David L. Meyer, Foreign Corporation Deemed Not (July/Aug. ’02) 47 (Nov./Dec. 02) 3 to Be a CFC, Howard S. Engle Legislative Reversal of Gitlitz a Pos- Does Merger of Corporation into (March/April ’02) 36 sibility, Craig W. Friedrich [ransferee Have a Sufficient Busi- Impact of International Provisions of (Jan./Feb. 02) 45 ness Purpose for Shareholders to Outbound Section on 351 Trans- Limited Amnesty from Accuracy Be Treated as Transferors for Pur- fers, Joseph M. Calianno & J. Related Penalties, Craig W. poses of 351?, Richard A. Bailine Michael Cornett (Jan./Feb. 02) 16 Friedrich (March/April 02) 38 (March/April 02) 28 Johnson-Matsui Foreign Tax Credit Pfizer/Pharmacia and Proctor and Government Takes a Bite Out of Mor- Bill, Howard S. Engle (Sept./Oct. Gamble/Smucker Morris Trust ris Trust, Reginald Mombrun & 02) 36 Spin-Off Transactions, Robert S. Ricky Thomas (May/June ’02) 20 New Australian Thin Capitalization Bernstein (Nov./Dec. 02) 30 Horizontal Double Dummy as Tax Regime (Sept./Oct. 02) 36 Relief Available for Taxpayers Affected BPalialninnei ng( JanV.e/hFiecbl e,’ 02)R i3c0h ard A. New Rules for Foreign Persons Claim- by Sept. 11 Attacks, Craig W. ing Treaty Rights, Howard S. Engle Friedrich (Jan./Feb °02) 44 Impact of Section 83 on Reorganiza (Jan./Feb. 02) 34 tions in Technology Sector, Robert A. Rizzi (Sept./Oct. ’02) 22 Payment Under Settlement Agree- Subchapter S ment Constitutes U.S. Source Roy- Interaction of Tax Shelters and Cor- alty Agreement, Howard S. Engle Final ESBT Regulations, Deanna L. porate Reorganizations, Robert (Jan./Feb. 02) 34 Walton & Richard H. Manfreda (Sept./Oct 02) 3 A. Rizzi (Jan./Feb ’02) 25 Procedures for Late Check-the-Box Loews-Lorillard Tracking Stock Trans- Elections, Howard S. Engle action, Robert A. Rizzi (May/June (March/April. ’02 37 Tax Shelters 02) 36 Proposed Regulations Expand Subpart Captive Insurance Companies, Ran- Mergers into Tax Nothings, Robert A. F Hedging Exceptions, Howard S. dall L. Hahn & William Bailey Rizzi (March/April 02) 23 Engle (July/Aug. °02) 44 (Sept./Oct 02) 12 CORPORATE TAXATION Author Index ExtGreantned fsor iFailoure nto F ile Guldberg, Christopher B., New Pro- Annual GRA Certification posed Golden Parachute Regula- (Jan./Feb. ’02) 36 tions Provide Clarification Acharya, Narendra, Recent Devel ifth Circuit Reverses Tax Court in (May/June ’02) 42 opmentisn Split-Dollar Life Insur Compaq Computer (March/April Hahn, Randall L. & Bailey, William, ance (Nov./Dec ’@2) 41 02) 35 Captive Insurance Companies: Bailine, Richard W., Private Letter Rul ‘inal Brown Group Regulationosn More Viable than Ever? (Sept./Oct. ings: CFC’s Share of Partnership Income 02) 12 Can Liquidation Be Treated as an (Nov./Dec. 02) 34 Johnson, Matthew M., Stock Options Ordinary Exchange? (Nov./Dec. RS Interprets the Derivative Ben After the 2001 Tax Act (Jan./Feb. 02) 26 efits Provision of the Swiss Treaty 02) 38 Horizontal Double Dummy as Tax (March/April ’02) 35 Kovar, Andrea K., Proposed Regula- PlaVenhiclne (Jian.n/Fegb.’0 2) 30 ohnson-Matsui Foreign Tax tions Under Section 457 (July/Aug. Shareholders to Be Treated as Credit Bill (Sept./Oct. 02) 36 02) 40 lransferors for Purposes of 351 New Australian Thin Capitaliza Leeds, Mark H., 1RS Expands Business (March/April ’02) 28 ion Regime (Sept./Oct. '02) 36 Purpose Requirement for Trans- Slippery Slope of a Two Member. New Guidance on Procedures for fers to Corporations (Jan./Feb Single Member LLC (May/June ate Check-the-Box Elections 02) 3 02) 39 (March/April 02) 37 Meyer, David L., Continuity of Busi Vindication of Mrs. Gregory New Rules Apply to Foreign Per- ness Enterprise and Mutual Funds (July/Aug. ’02) 31 sons Seeking to Claim Treaty Ben efits (Jan./Feb. 02) 34 (Nov./Dec. 02) 3 Worthless Stock Deduction Mombrun, Reginald & Thomas, Ricky, Claimed on Liquidation of Insol Payment Under Settlement Agree- The Government Takes a Bite sernvsentte inS,u bsRiodbiearrty (SS.e,p t.I/nOscttr.u m0e2n)t s2,8 mtleenmte ntC onIsntictoumtee s (JUa.nS../ FSeobu.r c0e2 )S et3-4 O0u2t) 2o0f Morris Trust (May/June Proposed Regulations Expand lechniqueasn,d Transactions: Subpart F Exceptions for Hedging Neiburger, Ben A., Revocations of Can Securities Be Part of a Hedg- Transactions (July/Aug. 02) 44 Section 83(b) Elections (Sept./€ Yet. ing Transaction (July/Aug. ’02) 36 02) 39 Stapled Stock Structure Chal- Che Pfizer/Pharmacia and Proc lenged (Nov./Dec. ’02) 38 Rizzi, Robert A., Corporate Organi- ter and Gamble/Smucker Morris Tax Court Concludes Foreign zations and Reorganizations: Trust Spin-off Transactions Corporation Is Not a CFC Active Business Expansion: Rev. (Nov./Dec. 02) 30 (March/April ’02) 36 Rul. 2002-49 and Conducting valianno, Joseph M. and Cornett, J. Use of Financial Currency Man- Businesses Through LLCs Michael, Impact of the Interna dated for Tax Effect of Distribu (Nov./Dec. 02) 21 tional Provisions on Outbound 351 tion (Jan./Feb. ’02) 35 Impact of Section 83 on Reorga- Iransfers (Jan./Feb. 02) 16 Friedrich, Craig W., Recent Develop nizations in the Technology Sec- valianno, Joseph M. & Gregoire, ments: tor (Sept./Oct. 02) 22 Brent. J., Proposed Regulations Application of General Utilities Interaction of Tax Shelters and iRne latxh e theD uaTlr igCgeornisnogl iEdvaetnetds RLuloesss Repeal to RICs and REITs Corporate Reorganizations (May/June ’02) 46 (Jan./Feb. 02) 25 Regime (Nov./Dec.’02) 13 sollins, Bryan P. & Zywan, Darin A., Corporate-Owned Life Insurance Mergers into Tax Nothings Regu- Rite Aid—Loss Duplication within Determined to Be an Economic lations (March/April 02) 23 Sham (Nov./Dec. 02) 46 a Consolidated Group Novacare Makes Practitioners (March/April 02) 5 Elective Relief: Available for Tax- Nervous (July/Aug. ’02) 26 payers Affected by Sept. 11 Attacks -onnors, Peter J. & Voll, Richard A., (Jan./Feb. ’02) 44 Tracking Stock: The Loews-Loril Carryover of Corporate Tax Attrib lard Transactions (May/June ’02) utes in Corporate Reorganiza- IRS Attacks Tax Avoidance Using 34 Inflated Basis (July/Aug. 02) 46 tions (March/April 02) 13 Rizzi, Robert A., New 355(e) Regu- IRS Gives Up for Now on Taxing llis, David W. & McBreen, Maura lations: A Renewed Focus on Frequent Flyer Miles (July/Aug. Ann, ERISA: Equity Investments 02) 47 Negotiations (July/Aug. ’02) 18 by Plan Investors (March/April 02) 31 Legislative Reversal of Gitlitz Rothman, Robert, Corporate Distri- Advances (Jan./Feb. ’02) 45 butions: South Tulsa Pathology ingle, Howard S., International Devel Laboratory (May/June ’02) 12 opments: Limited Amnesty from Accuracy Related Penalties (March/April Trelease, Nathaniel T., Meehan, Dan Australian Consolidated Group 02) 38 P., & Storum, Lea Anne, New Solu- Legislation (Sept./Oct. 02) 34 Supreme Court Upholds Aggregate tions to Multi-Step Acquisitionisn Checking the Box May Not Be Suf Estimates of Restaurant Employ- Tax-Free Reorganizations ficient to Claim Worthless ees’ Tips (Sept./Oct. 02) 46 (May/June ’02) 5 (Nov./Dec. ’02) 36 Gordon, Jared, Stewart, Dave N., & Walton, Deanna L. & Manfreda, Corporate Inversions: Treasury Thompson, Steven C., New Interim Richard H., Final Electing Small Seeks Changes in Rules (July/Aug. Loss Disallowance Regulations Business Trust Regulations 02) 45 (July/Aug. ’02) 3 (Sept./Oct. 02) 3 56 CORPORATE TAXATION