12.17.09
Current Federal Tax Developments – Pendleton, OR (December 17, 2009)
The following links were discussed in the Current Federal Tax Developments Course on December 17, 2009 in Pendleton, Oregon:
- December Updates – New developments that took place after the manual was printed.
- 2010 Inflation Adjusted Figures – or perhaps, more appropriately, nonadjusted for most things since there was a drop in the index from 9/30/08 to 9/30/09
- Infant Formula Not Deductible Medical Expense – Recent IRS PLR for mother with double mastecomy that asked for deduction for infant formula for her new child
- New Reg. §1.152-4 effective for 2009. Effectively forces the use of Form 8332 to release exemption and makes clear noncustodial parent cannot use the divorce decree
- Arizona Society of CPAs Blog Post on Menard case – An analysis of the Seventh Circuit’s ruling in the Menard case I wrote when the case came down back in March.
- Arizona Society of CPAs Blog Post on Madoff Rulings – Another blog post I wrote up describing the Madoff rulings.
- Hegarty v. Commissioner, TC Summary 2009-153, latest IRS loss on LLC as limited partner for §469 purposes.
- IRS Section 183 Audit Technique Guide – guide for IRS agents to use in examining activities potentially not engaged in for profit
- IRS Listed Transactions - The official and updated IRS list of listed transactions that are subject to reporting.
- INFO 2009-0087 - The IRS explains the first time homebuyer credit marriage penalty
- Construction Industry Audit Guide – IRS guide updated May 2009
- List of Audit Technique Guides – List on IRS website of currently published Audit Technique Guides
- FIN 48 Final Guidance for Public Companies - Accounting Standards Update 2009-06
- Qualified Plan Limitations for 2010 – IRS News Release
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