December 1, 2004 — This item examines the excess net passive income (ENPI) of S corporations. The ENPI tax is an easily overlooked concern with former C corporations …

More: continued here

December 1, 2004 — A CPA can play an important role in divorce tax planning that involves a closely held business. This article identifies some common issues the tax …

More: continued here

December 1, 2004 — In September 2004, the Third Circuit presented the Service with a major victory in its ongoing war on family limited partnerships (FLPs). In Betsy …

More: continued here

December 1, 2004 — Most states participate in the Federal/state electronic filing (e-file) program, which allows individual taxpayers to file their Federal and state …

More: continued here

December 1, 2004 — In Banaitis, 340 F3d 1074 (9th Cir. 2003), petition for cert. granted, 3/29/04, the Ninth Circuit found that contingent attorneys’ fees paid directly …

More: continued here

December 1, 2004 — The May 17, 2004 recognition of same sex marriages in Massachusetts created an unprecedented gulf between Federal and state law. In Massachusetts, …

More: continued here

December 1, 2004 — In Timothy J. Phelan, TC Memo 2004-206, the taxpayers segregated their real estate operations to achieve capital gain treatment on property ultimately …

More: continued here

December 1, 2004 — More than ever, investors are looking to generate cashflow in their retirement plans. To tap into this opportunity, CPAs can introduce investors …

More: continued here

December 1, 2004 — On Oct. 4, 2004, President Bush signed into law the Working Families Tax Relief Act of 2004 (WFTRA). Some of the critical non technical-corrections …

More: continued here

December 1, 2004 — On Nov. 18, 2003, the Massachusetts Supreme Judicial Court handed down a decision which, potentially, could have vast implications for the culturally …

More: continued here