This index includes all the material COMPUTERS IN TAX PRACTICE Cunningham, 58 TA 196, Apr97 published in Taxation for Accountants, Is the internet overhyped as useful LLCs are generally—but not always—the Volume 58, January 1997 - June 1997 source for tax practitioners’, by right choice, by Arlene M. Hib- Alan R. Sumutka, Tai C. Chang, and schweiler and Marion Kopin, 58 TA Cynthia Kenney,5 8 TA 68, Feb97 159, Mar97 Amortization of intangible assets in a Recent developments affect choice of business acquisition, by Sheldon D. entity decision, by Bruce D. Bernard, Pollack, 58 TA 336, Jun97 Cash method OK despite income defer- 58 TA 4, Jan97 Car depreciation, 58 TA 193, Apr97 ral, 58 TA 365, Jun97 S election increased tax on long-term ‘Demo tape not composition (even if it Gifts of options have no income tax contract, 58 TA 371, Jun97 is good), 58 TA 42, Jan97 effect, 58 TA 364, Jun97 Giveaways sometimes get away without Prop. Regs. ease meeting reorganization PARTNERSHIPS sales tax, by Claudia L. Kelley and continuity rules, by Gary B. Mandel, Avoid tax traps for partnership basis Randal K. Edwards, 58 TA 169, Mar97 58 TA 226, Apr97 adjustment, by Ronald Caso, 58 TA Guidance for recovering environmental Proposed Regs. on corporate reorgani- 333, Jun97 cleanup costs, by Leonard G. Weld and zations, 58 TA 65, Feb97 Check-the-box final Regs. simplify entity Charles E. Price, 58 TA 219, Apr97 Recent developments affect choice of classification, by Scott E. Grimes, Mar- Intellectual property acquisitions under entity decision, by Bruce D. Bernard, ilyn K. Wiggam, and Steven A. Mar- new Prop. Regs, by Patricia Ann 58 TA 4, Jan97 tin, 58 TA 132, Mar97 Metzer, 58 TA 268, May97 Complex rules for partnership distrib- New substantiation Regs. will save mil- ution, by James R. Hamill, 58 TA 77, lions of hours, 58 TA 303, May97 Beware of untrustworthy trusts, 58 TA Feb97 Prop. Regs. impute rent and interest for 257, May97 Final Section 731(c) Regs., 58 TA 235, deferred rent leases, by Michael F. Borrowing OK to pay tax instead of Apr97 Lynch and Lawrence H. Witner, 58 TA deferring it, 58 TA 51, Jan97 Finality for partnership termination 324, Jun97 Charitable remainder trusts offer non Regs., 58 TA 321, Jun97 R&D credit is again restored—with charitable benefits, by Michael K. Gain recognized on excess debt, 58 TA changes, by Marsha F. Peters and Janet Moyers, Alan D. Spiegel, and E. 112, Feb97 S. Wong, 58 TA 14, Jan97 Richard Baum, 58 TA 285, May97 Grantor control of trust preserves S Regs. explain basis reduction for COD Contingent interests do not reduce election, 58 TA 371, Jun97 income exclusion, 58 TA 182, Mar97 GRAT gift, 58 TA 231, Apr97 New Regs. define limited partner for self- Research credit available for some soft- Cousins are not family for estate freeze employment tax, 58 TA 180, Mar97 ware, 58 TA 304, May97 rules, 58 TA 52, Jan97 Partnership cannot replace property it Revised change-in-accounting-method Duty of consistency binds taxpayers to sold, 58 TA 111, Feb97 procedures, 58 TA 321, Jun97 improper electio5n8 ,T A 108, Feb97 Recent developments affect choice of Section 197 complicates planning for Estate’s victory no shield for transferees, entity decision, by Bruce D. Bernard, retiring LLC members, by Matthew 58 TA 362, Jun97 58 TA 4, Jan97 A. Melone, 58 TA 292, May97 Expenses do not reduce marital deduc- Regs. allocate Sec. 1245 recapture among Stock bought to get a job does not yield tion, 58 TA 318, May97 partners, 58 TA 110, Feb97 business interest, 58 TA 43, Jan97 Grandchild not skip person for GST after Regulations explain TMP for partner- Stock is investment asset though no div- parent dies, 58 TA 360, Jun97 ship or LLC, 58 TA 235, Apr97 idends paid, 58 TA 43, Jan97 Instruction to draft disclaimer not S election increased tax on long-term Strategies to avoid passive activity loss enough, 58 TA 361, Jun97 contract, 58 TA 371, Jun97 limits, 58 TA 206, by Kenneth A. Mansion’s upkeep was not a necessary Hansen, 58 TA 206, Apr97 estate expense, 58 TA 233, Apr97 Taxable interest on ‘interest-free’ loans Marital deduction lost if rights end Adoption expenses may now qualify for to shareholders, 58 TA 305, May97 with incompetency, 58 TA 107, Feb97 credit or exclusion, 58 TA 252, Apr97 Training expenses remain deductible Portion of trust subject to 5% power Distributions to shareholder are not despite Indopco, 58 TA 182, Mar97 included in estate, 58 TA 109, Feb97 part of split-up, 58 TA 307, May97 Post-death deal could not turn estate into Fair market rent allows grantor to remain alimony trust, 58 TA 232, Apr97 when trust ends, 58 TA 357, Jun97 Contributions made after year-end and Pre-1977 gift affects computation of Final rules explain substantiating char- before filing not deductible for that estate tax, 58 TA 55, Jan97 itable gifts, 58 TA 114, Feb97 Emplyoeayre,r -5p8 aiTdA 3e7d0u,c aJtuino9n7a l assistance Protescatviivneg oepltecitoinosn,s bsyu sJtoasienp h esRt.a tOel ivtearx-, Forme,x enmoptt idoeng,r ee5,8 gToAv er62n,s Jdaen9p7e ndency exclusion reinstated, by Jeffrey L. Hamm, 58 TA 91, Feb97 58 TA 37, Jan97 High regard for MD precludes tempo- Regulations concede executor discretion rary employment, 58 TA 356, Jun97 FICAa ssteasxs meonn t,t ip5s8 TrAeq u4i6r,e sJ ani9n7d ividual Sale OoKf rfoerm aQiTnIdPe rt rueslt,i m5i8n atTeAd 23p1,r oApeprrt9y7 Homeaf tero ffSioclei madne,d ubcyt iAonnns Bualrisvtee ina nCdo hweenl,l Fixed rent is self-employment income for from estate, 58 TA 106, Feb97 58 TA 275, May97 ranch managers, 58 TA 49, Jan97 Special valuation election requires recap- Inflation adjustments for 1997 reduce tax IRS diagnosis on long-term care, 58 TA ture agreement, 58 TA 54, Jan97 bite, 58 TA 115, Feb97 321, Jun97 Split-dollar policy approval for family IRA is distributed when garnished to pay IRS explains medical savings accounts, trust, 58 TA 53, Jan97 child support, 58 TA 307, May97 58 TA 102, Feb97 Tighter rules for charitable remainder IRS adopts new publication, 58 TA 321, New atMe SAo ppaonrdt uhneiatliteh s,i nsbuyra nBceen jraumleisn creC-. trusts, 58 TA 359, Jun97 Jun97 Ayers and Elizabeth Plummer, 58 Using Crummey powers in trusts for IRS drives up standard mileage rate, 58 TA 260, May97 annual giving, 58 TA 150, Mar97 TA 129, Mar97 Plan loans—and repayment with prop- IRS explains limits on educational assis- erty—violated tax rules, 58 TA 368, LIMITED LIABILITY tance, 58 TA 309, May97 Jun97 CORPORATIONS IRS rechecks its position on completed gifts, 58 TA 116, Feb97 Reduced salary for health insurance is Grantor control of trust preserves S not wages, 58 TA 103, Feb97 election, 58 TA 371, Jun97 LL.M. not deductible when new job is dif- Service demonstrates high-deductible LLC owners can avoid self-employment ferent career, 58 TA 308, May97 health plan, 58 TA 368, Jun97 tax under new Prop. Regs, by John M. Maximize mileage from transportation 1997 TAXATION FOR ACCOUNTANTS fringe benefits, by Scott N. Cairns 58 TA 193, Apr97 Diane A. Riordan, and Michael P. Check-the-box final Regs. simplify entity Riordan, 58 TA 25, Jan97 classification, by Scott E. Grimes, Mar- New tax planning needed for employ ilyn K. Wiggam, and Steven A. Mar- ment-related damages, by John H tin, 58 TA 132, Mar97 Skarbnik, 58 TA 243, Jun97 May97 Elections for small business trusts, 58 TA 1997 per diem rate, 58 TA 1, Jan97 for offers 180, Mar97 Open land to enjoy nature is part of res Mar97 Estate planning with electing small idence, 58 TA 255, Apr97 letermined business trusts, by Suzanne Tucker Owner qualifies himself for employee 23, Feb97 Plybon, 58 TA 86, Feb97 deductions, 58 TA 117, Feb97 Grantor control of trust presetves S Payments for life of ex-spouse are inci election, 58 TA 371, Jun97 dent to divorce, 58 TA 253, Apr97 Notices explain elections for S corpo- Per diems per 1997, 58 TA 129, Mar97 rations, 58 TA 179, Mar97 Period to replace land ended before all S corps. in rental business may avoid pas- funds received, 58 TA 62, Jan97 PROCEDURE sive income tax, by Michele ‘amen Punitive damages taxable, 58 TA 1, Jan97 IRS delivers criter Friedman, 58 TA 31, Jan97 58 S election increased tax on long-term Qualified residence can be where a rel contract, 58 TA 371, Jun97 ative lives, 58 TA 356, Jun97 Some fines and penalties can be deducted, Recent developments affect choice of entity decision,b y Bruce D. Bernard, by Edward Schnee, 58 TA 20, Jan97 58 TA 4, Jan97 Tax savings without adoptee’s Social Security number, 58 TA 129, Mar9 AUTHOR INDEX PRACTICING BEFORE THE IRS Benjamin C. Ayers Circumstantial evidence can prove post E. Richard Baum mark date, 58 TA 56, Jan97 David J. Beausejour Communicate with the IRS via electronic Bruce D. Bernard mail, 58 TA 245, Apr97 Scott N. Cairns Cover letter did not restrict assessment Ronald G. Caso extension, 58 TA 56, Jan97 Tai C. Chang Denial of refund not sent by registered Ann Burstein Cohen mail, 58 TA 57, Jan97 John M. Cunningham Electronic storage of taxpayer books and records, 58 TA 310, May97 Michael W. Dong Employer’s unsuccessful refund claim Randal K. Edwards barred employees, 58 TA 186, Mar97 Scott E. Grimes Filing a refund claim is prerequisite for QUALIFIED PLANS James R. Hamill refund suit, 58 TA 58, Jan97 Distr on options for IRAs offer tax Jeffrey L. Hamm GAO report on IRS, 58 TA 373, Jun97 Kenneth A. Hansen IRS allowed to sell marital home for hus ir,58 TA Arlene M. Hibschweiler band’s debt, 58 TA 247, Apr97 Claudia L. Kelley IRS 5a8l loTwAs 1u1s9e, oFfe bl9o7g os on Form 1099 ndividual Cynthia Kenney 58 TA 46, Jan97 IRS definition of ‘fiduciary’, 58 TA 118 iary dis Marion Kopin Feb97 Michael F. Lynch Joint return permitted even without Gary B. Mandel spouse's signatur5e8 ,T A 187, Mar9 Steven A. Martin Late-filing nonresident alien forfeited 1 domestic Matthew A. Melone right to deductions, 58 TA 59, Jan97 39, Apr9 Patricia Ann Metzer Limitations period commences with overs Dut Michael K. Moyers mailing of notice, 58 TA 248, Apr9 Longer limitations period for notice Joseph R. Oliver sent outside U.S.,58 TA 313, May9 Marsha F. Peters More IRS personnel able to grant relief Elizabeth Plummer 58 TA 373, Jun97 Suzanne Tucker Plybon New initiatives for resolving worker Sheldon D. Pollack classification, 58 TA 185, Mar97 Charles E. Price Non-abatement of interest now review William A. Raabe able by Tax Court,5 8 TA 245, Apr97 Diane A. Riordan Notice ends limitations period only for specific year, 58 TA 120, Feb97 Michael P. Riordan Offer not opened for falsification and Edward Schnee concealment, 58 TA 374, Jun97 John H. Skarbnik Petition had no effect on limitations Alan D. Spiegel per iod, 58 TA 122, Feb97 Ronald A. Stein Power of attorney revoked by incapac Alan R. Sumutka ity, 58 TA 246, Apr97 Pre-submission conference pilot program REAL ESTATE Leonard G. Weld for technical advice, 58 TA 310, May9 Gerald E. Whittenburg Presumption of correctness attached Marilyn K. Wiggam to defiency notice, 58 TA 249, Apr9 James E. Williamson Reasonable diligence required to asce1 S CORPORATIONS Lawrence H. Witner tain address, 58 TA 118, Feb97 for S Janet S. 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