Ed Zollars, CPA CPE Materials » Montana

Current Federal Tax Developments, Tax Research Systems & Methods – Fairmont, MT, October 18-19, 2010

Ed Zollars, CPA — Mon, 18 Oct 2010 12:32:49 +0000

Below are items discussed in the Current Federal Developments course given on October 18, 2010 at the Fairmont Hot Springs Resort in Fairmont, MT:

Findlaw Cases & Code – Links to Findlaw resources for US Code, Regulations & Court Cases. Court pages contain option to sign up for email of new cases released each day.
US Tax Court – Ruling posted Monday-Thursday at 1:30 pm Mountain time.
IRS Rulings – “Drop” site for Revenue Rulings, Revenue Procedures, Notices and the like
IRS Written Advice - Location for IRS postings on private letter rulings, technical advice memoranda, Chief Counsel Advice and similar “nonbinding” guidance that is issued by the IRS Chief Counsel’s office
Recent Updates – developments since the manual was printed last week

Passthrough Entities – Advanced (October 20)

Ed Zollars, CPA — Tue, 20 Oct 2009 08:00:59 +0000

The following items were discussed in the Passthrough Entities – Advanced:

Presentation Slides – PDF of slides on topics in the manual
Partnership – Audit Technique Guide – IRS guide last revised in August 2008
Norwood v. Commissioner, TC Memo 2000-84
Garnett v. Commissioner, 132 TC No. 19, LLC members aren’t automatically passive (LLC member not the same as limited partner)
Revised Procedure for Late Entity Selection – revised manual pages on new late election Revenue Procedure effective September 28, 2009.
Article on Partnerships and §6501(e) Six Year Statute – article I wrote for the Arizona Society of CPAs blog site.
IRS FAQ on Unified Partnership Audits – Chief Counsel Notice issued August 21, 2009
Suzanne J. Pierre v. Commissioner– Check the box does not apply to single member LLC for gift tax valuation
Malkin v. Commissioner – Taxpayer blows transfer tax planning due to both implied retained life estate and indirect gift on formation problems, among others.

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Current Federal Tax Developments – October 19

Ed Zollars, CPA — Mon, 19 Oct 2009 08:00:34 +0000

Links mentioned in Current Federal Tax Developments course given October 19, 2009:

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