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Tax Advisors Planning System: Series II

Tax Advisors Planning System: Series II

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WTAP2
$1,010.00

Written by a national network of expert practitioners and consisting of 20 titles, Tax Advisors Planning System: Series #2 is a special selection of titles focused on the basic organizational and structural concerns of domestic closely-held businesses.

The topics cover every stage of the business cycle: formation; operation; sale or transfer, even estate and compensation planning for the owners. Each title includes Commentary -- current rules of a transaction and planning insights or techniques -- and Practice Aids -- over 450 sample agreements, business-generating client letters, election statements, wills, trusts, checklists, etc.

  • Cutting-edge strategies to help generate value for clients at every stage of the business life cycle: formation, expansion, sale or transfer, as well as estate and compensation planning for the owners
  • Each critical topic is covered in two parts, providing quick and thorough answers to business tax questions plus the materials you need to act on them:
    -- The Commentary integrates planning ideas and techniques with explanations of key tax and related non-tax issues;
    -- Practice Aids include sample client letters; sample plans, agreements and clauses; charts; election statements; checklists; etc., which subscribers can customize for each of their client's needs by using the new document assembly tool on Checkpoint.
  • Citations to controlling authorities
  • Top-line and side-line "Planning" buttons in Code & Regs: click on a "Planning" button and link over to TAPS' commentary and planning insights, with respect to the relevant Code or Regulation section

  • Tax Advisors Planning System: Series II
    • 1: CHOICE OF ENTITY: David E. Hardesty, CPA
      • 1:1.00 INTRODUCTION
        • 1:1.02 Three Groups of Business Entities
        • 1:1.04 Summary of Nontax Characteristics
        • 1:1.05 Summary of Tax Characteristics
      • 1:2.00 TAX CLASSIFICATION OF ENTITIES
        • 1:2.01 Tax Classification Rules
        • 1:2.02 Tax Classification Rules Before 1997
      • 1:3.00 SOLE PROPRIETORSHIP
        • 1:3.01 Nontax Characteristics
        • 1:3.02 Taxation of Business Formations
        • 1:3.04 Taxation of Current Operations
        • 1:3.05 Retirement Plans and Fringe Benefits
      • 1:4.00 C CORPORATION
        • 1:4.01 Nontax Characteristics
        • 1:4.02 Taxation of Business Formations
        • 1:4.03 Taxation of Business Acquisitions
        • 1:4.04 Taxation of Current Operations
        • 1:4.05 Current Distributions
        • 1:4.06 Redemptions
        • 1:4.07 Transfers of Ownership Interests
        • 1:4.08 Liquidation
        • 1:4.11 Employee Compensation and Benefits
      • 1:5.00 S CORPORATION
        • 1:5.01 Qualification As an S Corporation
        • 1:5.02 Election
        • 1:5.03 Taxation of S Corporation
        • 1:5.04 Taxation of S Corporation Shareholders
        • 1:5.05 Distributions to Shareholders
      • 1:6.00 PERSONAL SERVICE CORPORATION
        • 1:6.02 Tax Characteristics of Personal Service Corporations
      • 1:7.00 GENERAL PARTNERSHIP
        • 1:7.01 Nontax Characteristics
        • 1:7.02 Taxation of Business Formations
        • 1:7.03 Taxation of Business Acquisitions
        • 1:7.04 Special Basis Adjustments
        • 1:7.05 Taxation of Current Operations
        • 1:7.06 Current Distributions or Redemptions
        • 1:7.07 Liquidating Distributions
        • 1:7.09 Transfers of Ownership Interests
        • 1:7.10 Death or Retirement of a Partner
        • 1:7.12 Employee Benefits
      • 1:8.00 LIMITED PARTNERSHIP
        • 1:8.01 Nontax Characteristics
        • 1:8.02 Tax Characteristics
      • 1:9.00 LIMITED LIABILITY COMPANY
        • 1:9.01 Nontax Characteristics
        • 1:9.02 Tax Characteristics
      • 1:10.00 LIMITED LIABILITY PARTNERSHIP
        • 1:10.01 Nontax Characteristics
      • 1:12.00 CHANGES IN FORM OF ENTITY
        • 1:12.01 Legal Changes in Business Form
        • 1:12.02 Changes in Classification Under Check-the-Box
      • 1:13.00 ENTITY COMPARISONS
        • 1:13.01 Nontax Characteristics
        • 1:13.02 Taxation of Business Formations and Acquisitions
        • 1:13.03 Current Operations
        • 1:13.04 Deduction of Losses By Owners
        • 1:13.05 Current Distributions and Redemptions
        • 1:13.06 Transfers of Ownership Interests
        • 1:13.07 Liquidation
        • 1:13.08 Compensation and Benefits
        • 1:13.09 Multistate Taxation
      • 1:14.00 ESTATE PLANNING
        • 1:14.01 Nontax Considerations in Choice of Entity
        • 1:14.02 Inclusion of Assets in an Estate
        • 1:14.03 Value of Entity
        • 1:14.04 Comparison of Entities in Estate Tax Planning
      • 1:50.00 PRACTICE AIDS
    • 2: LIMITED LIABILITY COMPANIES: Professor Carter G. Bishop , John P. James, Esq., CPA
      • 2:1.00 INTRODUCTION
        • 2:1.01 Advantages and Disadvantages of Limited Liability Company
        • 2:1.02 Businesses That Might Prosper as Limited Liability Company
        • 2:1.03 Forming and Operating a Limited Liability Company
      • 2:2.00 TAX CLASSIFICATION OF A LIMITED LIABILITY COMPANY
        • 2:2.02 Prior Law—Pre-1997 Evolution of LLC Classification
        • 2:2.03 Limited Liability—Pre-1997 Entity Classification
        • 2:2.04 Corporate Characteristic of Centralized Management —Pre-1997 Requirements
        • 2:2.05 Corporate Characteristic of Continuity of Life—Pre-1997
        • 2:2.06 Corporate Characteristic of Free Transferability of Interests—Pre 1997
      • 2:3.00 CONVERTING AN EXISTING ENTITY TO AN LLC
        • 2:3.04 Conversion of General Partnership to LLC
        • 2:3.07 Conversion of Corporation to LLC by Liquidation
        • 2:3.09 Conversion From Corporation to LLC by Installment Sale Followed by Liquidation
        • 2:3.14 Continuing Operations of Corporation After Conversion
      • 2:4.00 THE MEMBERS' LIABILITY SHIELD
        • 2:4.01 Nature of Limited Liability in LLCs
        • 2:4.09 Limited Liability Partnerships
      • 2:5.00 LLC GOVERNANCE: MANAGEMENT STRUCTURE AND THE POWER TO BIND THE ENTITY
      • 2:6.00 TRANSFERABILITY OF MEMBERSHIP INTERESTS
        • 2:6.01 Entity Purchases
      • 2:7.00 ENTITY DISSOLUTION AND BUSINESS CONTINUITY
      • 2:8.00 MECHANICS OF CREATING THE ENTITY
      • 2:50.00 PRACTICE AIDS
    • 3: PERSONAL SERVICE CORPORATIONS: Darlene A. Smith, Ph.D., CPA, Mary Anne Ward, CPA, M. Tax
      • 3:2.00 REALLOCATION OF INCOME
        • 3:2.01 Application of Code Sec. 482 and Code Sec. 269 to Personal Service Corporations (PSCs)
        • 3:2.02 Personal Service Corporations (PSCs) Formed or Availed of to Avoid or Evade Income Tax: Code Sec. 269A
      • 3:3.00 ACCOUNTING PERIODS
        • 3:3.02 Business Purpose for Taxable Year Other Than Calendar Year
        • 3:3.04 Defining a Personal Service Corporation (PSC) for Purposes of Accounting Period Rules
        • 3:3.07 Procedure to Adopt, Change, or Retain a Taxable Year
        • 3:3.08 Election to Use a Taxable Year Other Than a Required Taxable Year
        • 3:3.09 Tiered Structures
        • 3:3.10 Limitations on Deductions for Payments to Employee-Owners
      • 3:4.00 LIMITATIONS ON METHODS OF ACCOUNTING
        • 3:4.02 Exception for Qualified Personal Service Corporations (QPSCs)
        • 3:4.03 Gross Receipts Exception
        • 3:4.05 Procedures for Effecting a Change in an Accounting Method
      • 3:5.00 TAX IMPOSED ON PERSONAL SERVICE CORPORATIONS (PSCs)
      • 3:6.00 PASSIVE ACTIVITY LOSS LIMITATION RULES
        • 3:6.02 Definitions Relating to Personal Service Corporations (PSCs) Under the Passive Loss Rules
        • 3:6.04 Segregation or Aggregation of Operations Into Activities
      • 3:7.00 AT-RISK RULES
        • 3:7.02 Operation of the At-Risk Rules
        • 3:7.03 Definitions Relating to the At-Risk Rules
      • 3:8.00 GOLDEN PARACHUTE RULES
        • 3:8.03 Definitions Relating to Personal Service Corporations (PSCs) Under Golden Parachute Rules
      • 3:9.00 MATCHING OF INCOME AND DEDUCTIONS
      • 3:10.00 PENALTY TAXES
        • 3:10.01 The Accumulated Earnings Tax
        • 3:10.02 The Personal Holding Company (PHC) Tax
      • 3:11.00 MISCELLANEOUS PROVISIONS
        • 3:11.01 Uniform Capitalization Rules
        • 3:11.02 Substantiation for Charitable Contributions of Property
        • 3:11.03 Alternative Minimum Tax (AMT) and Farm Losses
      • 3:12.00 TAX PLANNING OPPORTUNITIES
        • 3:12.02 Advantages and Disadvantages of Incorporation
        • 3:12.03 Comparison of C and S Corporations and Planning for an S Corporation Election
        • 3:12.05 Avoiding the Effects of the Personal Service Corporation (PSC) Provisions
        • 3:12.06 Mitigating the Effects of the Personal Service Corporation (PSC) Provisions
      • 3:50.00 PRACTICE AIDS
    • 4: S CORPORATIONS: Jordan P. Rose, Esq.
      • 4:1.00 INTRODUCTION
      • 4:2.00 ELIGIBILITY REQUIREMENTS FOR ELECTING S CORPORATION STATUS
        • 4:2.01 Small Business Corporation
        • 4:2.02 Corporations Ineligible to Elect S Corporation Status
        • 4:2.03 Limit on Number of Shareholders
        • 4:2.04 Eligible Shareholders
        • 4:2.05 Single Class of Stock
        • 4:2.06 Qualified S Corporation Subsidiaries
      • 4:3.00 ELECTION OF S CORPORATION STATUS
        • 4:3.01 Date When S Corporation Election Is Effective
        • 4:3.02 Filing the S Corporation Election
        • 4:3.03 Consent of Shareholders
        • 4:3.04 Election of Taxable Year
      • 4:4.00 TERMINATION OF S CORPORATION STATUS
        • 4:4.02 Voluntary Termination of S Corporation Election
        • 4:4.03 Termination Caused by Corporation Ceasing to be a Small Business Corporation
        • 4:4.04 Termination Resulting From Excess Passive Investment Income
        • 4:4.05 Waiver of Inadvertent Termination
        • 4:4.06 Tax Effects of Termination of S Corporation Election
      • 4:5.00 TERMINATION OF SHAREHOLDER INTERESTS
        • 4:5.01 Allocation of Income and Loss Items
        • 4:5.02 Treatment of Accumulated Adjustments Account
      • 4:6.00 TAXATION OF THE S CORPORATION
        • 4:6.03 Excess Net Passive Income Tax
        • 4:6.04 Built-In Gains Tax
        • 4:6.06 Miscellaneous Rules
      • 4:7.00 ACCOUNTING FOR SHAREHOLDER INCOME AND LOSSES
        • 4:7.02 Pro Rata Share
        • 4:7.04 Estimated Taxes
        • 4:7.05 Employment Taxes
        • 4:7.06 Investment Interest
        • 4:7.08 Alternative Minimum Tax
        • 4:7.09 Passive Loss Limitations
        • 4:7.11 Investment Tax Credit
      • 4:8.00 SHAREHOLDERS' BASIS
        • 4:8.02 Adjustments to Basis of Stock
        • 4:8.03 Adjustments to Basis of Debt
      • 4:9.00 DISTRIBUTIONS
        • 4:9.02 S Corporations Without Accumulated Earnings and Profits
        • 4:9.03 S Corporations With Accumulated Earnings and Profits
        • 4:9.04 Elections Under Code Sec. 1368
        • 4:9.05 Rules Relating to the Accumulated Adjustments Account
        • 4:9.06 Distributions of Property
        • 4:9.07 Redemptions, Reorganizations, Corporate Divisions, and Liquidations
      • 4:10.00 COMPENSATION
        • 4:10.02 Cash Compensation Versus Cash Distribution
        • 4:10.03 Noncash Compensation
        • 4:10.04 Qualified Pension Plans
        • 4:10.05 Incentive Compensation
      • 4:11.00 PLANNING STRATEGIES
        • 4:11.01 ORGANIZING AND CAPITALIZING AN S CORPORATION
        • 4:11.02 SHAREHOLDERS' AGREEMENTS
        • 4:11.03 COMPENSATION ISSUES
        • 4:11.04 REDEMPTIONS, REORGANIZATIONS, ACQUISITIONS AND LIQUIDATIONS
        • 4:11.05 ESTATE PLANNING FOR SHAREHOLDERS OF AN S CORPORATION
      • 4:50.00 PRACTICE AIDS
    • 5: PARTNERSHIP FORMATION: James P. Whitmire, Esq.
      • 5:1.00 INTRODUCTION
        • 5:1.01 Overview of Partnership Taxation
      • 5:2.00 CHOICE OF ENTITY
        • 5:2.01 Overview of the Three Primary Systems of Taxation of Business Enterprises
        • 5:2.02 Check-the-Box Regulations
      • 5:3.00 TAX CONSEQUENCES TO THE PARTNERSHIP AND PARTNERS OF PARTNERSHIP FORMATION
        • 5:3.01 Cash and Other Property Contributing Partners
        • 5:3.05 Creditors
        • 5:3.06 Service Providers
        • 5:3.07 Tax Consequences to the Partnership in Connection With a Formation Transaction
      • 5:4.00 DOCUMENTING THE ECONOMIC TRANSACTION
        • 5:4.02 Rights to Current Distributions
        • 5:4.03 Rights to Liquidating Distributions
        • 5:4.04 Specific Allocation and Distribution Provisions
      • 5:5.00 STRUCTURING TAX PROVISIONS AROUND THE ECONOMIC DEAL
        • 5:5.02 Determining a Partner's Allocable Share of Partnership Items
      • 5:6.00 ADMINISTRATIVE MATTERS
        • 5:6.02 Partnership Elections
      • 5:7.00 ISSUES RELATING TO SPECIAL PARTNERS
        • 5:7.01 Tax-Exempt Partners
        • 5:7.02 Foreign Partners
      • 5:8.00 ISSUES RELATING TO SPECIAL PARTNERSHIPS
        • 5:8.01 Publicly Traded Partnerships
        • 5:8.02 Entities Expected to Generate Losses in Excess of Profits for a Period
        • 5:8.03 Family Limited Partnerships
      • 5:50.00 PRACTICE AIDS
    • 6: PARTNERSHIP OPERATIONS & TERMINATIONS: Bradley T. Borden, Professor of Law
      • 6:2.00 CALCULATING THE PARTNERSHIP'S TAXABLE INCOME
        • 6:2.02 Taxation of Partnerships: The Pass-Through Concept
      • 6:3.00 CALCULATING A PARTNER'S SHARE OF PARTNERSHIP INCOME OR LOSS
        • 6:3.01 Allocating Partnership Taxable Income Among Partners
        • 6:3.03 Allocations of Income and Deductions From Contributed Property: Code Section 704(c)
        • 6:3.04 Recharacterization of Partnership Transaction With Partners
      • 6:4.00 PARTNER'S BASIS IN PARTNERSHIP INTEREST AND UTILIZATION OF PARTNER'S LOSSES
        • 6:4.01 Partner's Basis in His Partnership Interest
        • 6:4.02 Loss Limitations
      • 6:5.00 DISPOSITION OF A PARTNERSHIP INTEREST
        • 6:5.01 Amount and Character of Seller's Gain or Loss: General Rules
        • 6:5.03 Sales of Partnership Interest When the Partnership Holds Ordinary Income Property
        • 6:5.04 Effect of Sale of Partnership Interest on Partnership
      • 6:6.00 NON-LIQUIDATING DISTRIBUTIONS
        • 6:6.01 Distributions That Don't Shift Partners' Interests in Code Sec. 751 Ordinary Income Assets
      • 6:7.00 LIQUIDATING DISTRIBUTIONS
        • 6:7.01 Partnership Liquidations
        • 6:7.02 Partnership Continues Operations and the Interests of One or More Partners Are Liquidated
      • 6:8.00 MERGERS AND DIVISIONS OF PARTNERSHIPS
        • 6:8.01 Partnership Mergers
        • 6:8.02 Partnership Divisions
        • 6:8.06 The Effect on the Participating Entities
      • 6:9.00 CHOOSING FORMS OF TRANSACTIONS
        • 6:9.01 Choosing Whether to Sell or Distribute Property
        • 6:9.02 Distribution Planning
      • 6:50.00 PRACTICE AIDS
    • 7: DRAFTING BUY-SELL AGREEMENTS: Daryl J. Sidle, Esq., Colleen R. Cross, Esq.
      • 7:2.00 PURPOSES FOR BUY-SELL AGREEMENTS
      • 7:3.00 ETHICAL CONSIDERATIONS IN PREPARING BUY-SELL AGREEMENTS
      • 7:4.00 PLANNING THE BUY-SELL AGREEMENT
        • 7:4.01 Who Will Purchase the Stock: Choosing Between a Stock Redemption Agreement and a Cross Purchase Agreement
        • 7:4.02 What Events Will Trigger a Stock Purchase?
        • 7:4.03 What Purchase Rights Will Attach Upon the Occurrence of a Trigger Event?
        • 7:4.04 How Will the Purchase Price Be Determined?
        • 7:4.05 How Will the Purchase Price Be Paid?
        • 7:4.06 Buy-Sell Agreements and Tax Carryovers: A Trap for the Unwary
      • 7:5.00 ENFORCEABILITY OF STOCK TRANSFER RESTRICTIONS
        • 7:5.02 Statutory Regulation of Restrictions
        • 7:5.04 Enforceability of Restrictions Triggered By Termination of Employment
        • 7:5.06 Enforceability of Restrictions Triggered by Involuntary Transfers
        • 7:5.09 Remedies for Transfers in Violation of Restrictions
      • 7:50.00 PRACTICE AIDS
    • 8: PURCHASE OR SALE OF A CLOSELY HELD BUSINESS: R. James Alerding, CPA/ABV, ASA, Michael P. Alerding, CPA
      • 8:2.00 MAKING THE DECISION TO BUY OR SELL
        • 8:2.01 Buying a Business Versus Starting One's Own Business
        • 8:2.02 Making the Decision: From the Potential Buyer's Perspective
        • 8:2.03 Making the Decision: From the Seller's Perspective
      • 8:3.00 PREPARATIONS NECESSARY FOR BUYING OR SELLING
        • 8:3.01 From the Potential Buyer's Perspective
        • 8:3.02 From the Potential Seller's Perspective
      • 8:4.00 DETERMINING A PURCHASE OR SALE PRICE
        • 8:4.01 From the Potential Buyer's Perspective
        • 8:4.02 From the Potential Seller's Perspective
      • 8:5.00 STRUCTURING THE PURCHASE OR SALE
        • 8:5.01 From the Buyer's Perspective
        • 8:5.02 Valuing Covenants Not-to-Compete, Trademarks, Customer Lists, Patents, Copyrights, Royalties, and Other Intangible Assets
        • 8:5.03 From the Seller's Perspective
      • 8:6.00 NEGOTIATING AND CLOSING THE DEAL
        • 8:6.01 From the Buyer's Perspective
        • 8:6.02 From the Seller's Perspective
      • 8:7.00 PREPARING A BUSINESS PLAN AND FINANCIAL PROJECTIONS
        • 8:7.03 Seven Essential Elements of a Business Plan
        • 8:7.04 Steps to Preparing an Effective Business Plan
      • 8:8.00 RELATIONSHIP OF BUSINESS VALUATION TO PURCHASE OR SALE
        • 8:8.01 Assessing the Standard of Value
        • 8:8.02 Steps in Determining the Investment Value
        • 8:8.03 Determining the Intrinsic Value
        • 8:8.04 Relationship of Asset and Liability Values to Purchase or Sale
      • 8:9.00 SPECIAL CONSIDERATIONS FOR BUYING OR SELLING A CLOSELY HELD BUSINESS
        • 8:9.01 Special Considerations in Selling a Family Owned Business
        • 8:9.02 Dealing With Real Estate and Non-Operating Assets
        • 8:9.03 Qualified Retirement Plans
        • 8:9.04 Estate Planning Considerations
      • 8:10.00 SPECIAL CONSIDERATIONS FOR BUSINESSES IN CERTAIN INDUSTRIES
        • 8:10.01 Manufacturing Companies
        • 8:10.02 Service Businesses
        • 8:10.03 Professional Practices
        • 8:10.04 Retail Businesses
        • 8:10.05 Construction Companies
        • 8:10.06 Distribution and Wholesale Companies
      • 8:11.00 SPECIAL TAX TREATMENT OF GAIN OR LOSS ON SALES OR EXCHANGES OF SMALL BUSINESS STOCK
        • 8:11.01 Code Section 1244 Stock
        • 8:11.02 Code Section 1202 Small Business Stock Gains
      • 8:12.00 STOCK PURCHASES TREATED AS ASSET ACQUISITIONS
        • 8:12.02 Qualified Stock Purchase
        • 8:12.04 Effect of Code Section 338 Election
        • 8:12.05 Deemed Asset Sale and Liquidation: Code Section 338(h)(10) Election
      • 8:13.00 ELECTION BY SELLER TO TREAT A SALE OR DISPOSITION OF STOCK AS A SALE OF THE CORPORATION'S ASSETS
        • 8:13.01 Code Sec. 336(e) Election to Treat Stock Sales or Distributions As Asset Transfers
      • 8:50.00 PRACTICE AIDS
    • 9: VALUATION OF A CLOSELY HELD BUSINESS: R. James Alerding, Jr., CPA/ABV, ASA
      • 9:2.00 THE CONCEPT OF THE BUSINESS VALUATION
        • 9:2.03 Standard of Value
        • 9:2.04 Definition of the Valuation Assignment
      • 9:3.00 PURPOSES OF BUSINESS VALUATIONS
        • 9:3.01 Tax-Related Valuations
        • 9:3.02 Legal-Related Valuations
        • 9:3.03 Other Valuation Purposes
      • 9:4.00 ELEMENTS IN CONDUCTING A BUSINESS VALUATION
        • 9:4.02 Organizing and Acquiring Information
        • 9:4.03 Analyzing and Comparing Data
        • 9:4.04 Selecting the Proper Method(s) of Valuation
        • 9:4.05 Valuation Conclusion
      • 9:5.00 IRS GUIDELINES TO BUSINESS VALUATION
        • 9:5.01 Fair Market Value Standard
        • 9:5.02 Valuation Factors
        • 9:5.03 History of the Formula Approach
      • 9:6.00 APPROACHES AND METHODS OF VALUATION
        • 9:6.01 Market Based Approach
        • 9:6.02 Adjusted Book Value Method (Asset Based Approach)
        • 9:6.03 Liquidation Value (Asset Based Approach)
        • 9:6.04 Income Approach
        • 9:6.06 Applying Methods in Pre-Debt Approach
      • 9:7.00 DETERMINATION OF DISCOUNT AND CAPITALIZATION RATES
        • 9:7.01 Definitions
        • 9:7.03 Unsystematic (Specific) Risk (RPu)
      • 9:8.00 DISCOUNTS AND PREMIUMS
        • 9:8.02 Lack of Marketability Discount—Minority (Non-Control) Interests
      • 9:10.00 REGULATORY AND PROFESSIONAL STANDARDS
        • 9:10.01 FIRREA Regulation
        • 9:10.03 Uniform Standards of Professional Appraisal Practice (USPAP)
      • 9:11.00 VALUATION OF PROFESSIONAL PRACTICES
        • 9:11.04 Valuation in Divorce and Personal vs. Goodwill Issues
      • 9:50.00 PRACTICE AIDS
    • 10: ESTATE & GIFT PLANNING FOR THE BUSINESS OWNER: Benton C. Strauss, Esq., Michael S. Strauss, Esq.
      • 10:1.00 INTRODUCTION
        • 10:1.02 Working With the Federal Estate and Gift Tax System
        • 10:1.03 Essential Rules of the Federal Transfer Tax System
        • 10:1.04 Economic Growth and Tax Relief Reconciliation Act (EGTRRA) of 2001
      • 10:2.00 OVERVIEW OF TRUST PLANNING AND DRAFTING
        • 10:2.03 Income Tax Advantages and Disadvantages of Trusts
        • 10:2.07 General Drafting Tips
      • 10:3.00 TRANSFERS SUBJECT TO GIFT TAX
      • 10:4.00 GIFTS IN TRUST
        • 10:4.02 Techniques for Gifts for Minors
        • 10:4.03 Multi-Purpose Trust Vehicles
        • 10:4.06 Using Tax-Advantaged ABLE Accounts to Pay for Qualified Disability Expenses of Blind or Disabled Beneficiaries
      • 10:5.00 USE OF SPRINKLING TRUSTS
      • 10:6.00 GENERATIONAL PLANNING
      • 10:7.00 FOREIGN MATTERS
        • 10:7.03 U.S. Estates of Non-Citizens
        • 10:7.04 Offshore Trusts
      • 10:8.00 POWERS OF APPOINTMENT
        • 10:8.02 Estate and Gift Tax Considerations
        • 10:8.03 Planning Techniques
      • 10:9.00 USE OF DISCLAIMERS
        • 10:9.01 Disclaimer Defined
        • 10:9.03 Uses of Disclaimers
      • 10:10.00 STOCK PURCHASE AGREEMENTS
        • 10:10.04 Tax Attributes
        • 10:10.06 Issues for S Corporations
      • 10:11.00 VALUATION ISSUES
      • 10:12.00 ESTATE FREEZES
        • 10:12.02 Transfers of Business Interests: Code Section 2701
        • 10:12.04 Other Transfers Under Chapter 14
      • 10:13.00 FAMILY PARTNERSHIPS
        • 10:13.02 Family Partnerships—Additional Points
      • 10:14.00 LIMITED LIABILITY COMPANIES
        • 10:14.02 Advantages of the Limited Liability Company
      • 10:15.00 OBTAINING A DEFERRAL OF ESTATE TAXES
      • 10:16.00 EMPLOYMENT AGREEMENTS
      • 10:17.00 PRIVATE ANNUITIES AND INSTALLMENT NOTES
        • 10:17.02 Installment Note
        • 10:17.03 Private Annuity Planning
        • 10:17.04 Self-Cancelling Installment Notes
      • 10:18.00 USE OF QUALIFIED RETIREMENT PLANS
        • 10:18.01 Generally
        • 10:18.02 Distributions From Qualified Plans and IRAs
        • 10:18.03 IRA Beneficiary Designations
      • 10:19.00 USE OF NON-QUALIFIED DEFERRED COMPENSATION PLANS
      • 10:20.00 USE OF THE MARITAL DEDUCTION
        • 10:20.01 General Requirements for Qualifying Transfers
      • 10:21.00 ESTATE PLANNING INVOLVING MULTIPLE MARRIAGE ISSUES
      • 10:22.00 ESTATE TAX APPORTIONMENT
      • 10:23.00 FIDUCIARY ISSUES
        • 10:23.01 The Range of Duties
        • 10:23.02 Range of Powers
        • 10:23.07 Environmental Issues
      • 10:24.00 DEVIATION FROM THE TERMS OF THE TRUST/WILL
      • 10:25.00 PLANNING WITH LIFE AND DISABILITY INSURANCE
        • 10:25.05 Irrevocable Life Insurance Trusts
        • 10:25.06 Life Insurance Transfer Issues
        • 10:25.07 Split-Dollar Life Insurance
      • 10:26.00 CHARITABLE PLANNING
      • 10:27.00 CONFLICTS OF INTEREST AND REPRESENTATION
      • 10:28.00 PROTECTING ASSETS FROM CREDITORS
      • 10:29.00 SPECIAL PROBLEMS OF THE ELDERLY OR DISABLED BUSINESS OWNER
        • 10:29.04 Durable Powers of Attorney
      • 10:30.00 SPECIAL PROBLEMS OF THE PROFESSIONAL SERVICE BUSINESS
      • 10:50.00 PRACTICE AIDS
    • 11: CORPORATE FORMATION: Glenn Walberg, Assistant Professor
      • 11:1.00 INTRODUCTION TO CORPORATE FORMATIONS
      • 11:2.00 OVERVIEW OF CODE SEC. 351 TRANSACTIONS
        • 11:2.01 Requirements and Consequences of Code Sec. 351 Transactions
        • 11:2.03 Contributions to Capital Distinguished
      • 11:3.00 THE REQUIREMENT TO TRANSFER PROPERTY
        • 11:3.01 Definition of Property
        • 11:3.02 Transfers of Property
      • 11:4.00 THE REQUIREMENT TO EXCHANGE PROPERTY SOLELY FOR STOCK
        • 11:4.01 Exchanges for Stock
        • 11:4.02 Exchanges Solely for Stock
      • 11:5.00 THE REQUIREMENT TO HAVE CONTROL IMMEDIATELY AFTER THE EXCHANGE
        • 11:5.01 Control of a Corporation
        • 11:5.02 One or More Transferors That Control a Corporation
        • 11:5.03 Control Immediately After the Exchange
      • 11:6.00 TREATMENT OF BOOT
        • 11:6.01 Definition of Boot
        • 11:6.02 Tax Consequences of Receiving Boot
        • 11:6.03 Other Issues Relating to Boot
      • 11:7.00 ASSUMPTION OF LIABILITIES
        • 11:7.02 Exceptions to Non-Recognition Treatment for Liability Assumptions
      • 11:8.00 BASIS AND HOLDING PERIOD RULES
        • 11:8.01 Basis and Holding Period for a Transferee Corporation
        • 11:8.02 Basis and Holding Period for a Transferor
      • 11:9.00 SPECIAL ISSUES RELATING TO §351 TRANSACTIONS
        • 11:9.01 Tax Attributes and Elections
        • 11:9.02 Theories for Recognizing Income Despite Qualification Under Code Sec. 351
        • 11:9.03 Impact of Other Statutory Provisions on Property Transfers
        • 11:9.04 Judicial Doctrines Related to §351 Transactions
      • 11:10.00 CAPITAL STRUCTURE CONSIDERATIONS FOR A NEWLY FORMED CORPORATION
        • 11:10.01 Debt and Equity Choices for Capitalizing a New Corporation
        • 11:10.02 Minimizing Risks That IRS Will Recharacterize Instruments
      • 11:11.00 ENTITY CONVERSIONS
        • 11:11.01 Incorporating a Partnership
        • 11:11.02 Incorporating a Limited Liability Company
      • 11:12.00 AVOIDING APPLICATION OF CODE SEC. 351
        • 11:12.01 Selling Property to a Controlled Corporation
      • 11:13.00 REORGANIZATION, REDEMPTION, AND DISPOSITION CONSIDERATIONS
        • 11:13.01 Relationship Between Code Sec. 351 and Code Sec. 368 Reorganizations
      • 11:14.00 CODIFIED EXCLUSIONS FROM CODE SEC. 351
        • 11:14.01 Transfers to Investment Companies
      • 11:15.00 ADMINISTRATIVE ISSUES
        • 11:15.01 Disclosure Requirements of Code Sec. 351
      • 11:50.00 PRACTICE AIDS
    • 12: CORPORATE DISTRIBUTIONS, REDEMPTIONS & LIQUIDATIONS: REDEMPTIONS Craig W. Friedrich, Esq., DISTRIBUTIONS AND LIQUIDATIONS Michael J. Tucker, LL.M, CPA
      • 12:2.00 CORPORATE DISTRIBUTIONS: INTRODUCTION
      • 12:3.00 EARNINGS AND PROFITS: INTRODUCTION
      • 12:5.00 E&P EFFECT OF CORPORATE PROPERTY DISTRIBUTIONS
      • 12:8.00 STOCK DIVIDENDS
        • 12:8.03 Code Section 306 Stock
      • 12:9.00 TRANSFERS OF OWNERSHIP—WHO HAS THE DIVIDEND INCOME?
      • 12:10.00 DIVIDENDS RECEIVED DEDUCTION
      • 12:11.00 S CORPORATION DISTRIBUTIONS
      • 12:13.00 IMPORTANCE OF CONSTRUCTIVE STOCK OWNERSHIP IN REDEMPTIONS
        • 12:13.01 The Stock Attribution Rules of Code Sec. 318
      • 12:14.00 TYPES OF REDEMPTION DISTRIBUTIONS THAT RESULT IN EXCHANGE TREATMENT
        • 12:14.01 Complete Termination of Shareholder's Interest: Code Sec. 302(b)(3)
        • 12:14.02 Substantially Disproportionate Redemptions: Code Sec. 302(b)(2)
        • 12:14.03 Redemptions Not Essentially Equivalent to a Dividend: Code Sec. 302(b)(1)
        • 12:14.04 Partial Liquidations: Code Sec. 302(b)(4)
        • 12:14.05 Distributions in Redemption of Stock to Pay Death Taxes: Code Sec. 303
      • 12:15.00 TAX CONSEQUENCES OF REDEMPTION TO REDEEMING CORPORATION
        • 12:15.03 Effect of Redemption on Earnings and Profits
      • 12:16.00 SPECIAL PROBLEMS RELATING TO REDEMPTIONS
        • 12:16.01 Stock Redemptions by Related Corporations: Code Sec. 304
        • 12:16.04 Computation of Shareholder's Gain or Loss
        • 12:16.05 Basis of Distributed Property
      • 12:18.00 DEFINITION OF A LIQUIDATION
      • 12:19.00 TAX CONSEQUENCES OF COMPLETE LIQUIDATION TO SHAREHOLDER DISTRIBUTEE
      • 12:20.00 TAX CONSEQUENCES OF COMPLETE LIQUIDATION TO LIQUIDATING CORPORATION
        • 12:20.03 Limitations on Loss Recognition
      • 12:21.00 COMPLETE LIQUIDATION OF A SUBSIDIARY
        • 12:21.01 Tax Consequences of Complete Liquidation to Parent Corporation
        • 12:21.02 Tax Consequences of Complete Liquidation to the Subsidiary
        • 12:21.03 Distributions to Minority Shareholders
      • 12:22.00 CORPORATE LIQUIDATIONS: PLANNING OPPORTUNITIES
        • 12:22.01 Techniques for Avoiding Double Taxation
        • 12:22.02 Liquidating vs. Nonliquidating Distributions
      • 12:50.00 PRACTICE AIDS
    • 15: CORPORATE ALTERNATIVE MINIMUM TAX: Edward A. Sair, Esq., CPA
      • 15:1.00 INTRODUCTION
      • 15:2.00 AMT ADJUSTMENTS
        • 15:2.02 Depreciation Adjustment
        • 15:2.05 Long-Term Contracts
      • 15:3.00 ADJUSTED CURRENT EARNINGS
        • 15:3.02 Computation of the ACE Adjustment
        • 15:3.03 ACE Depreciation
        • 15:3.04 ACE Inclusion of E&P Income
        • 15:3.05 E&P Exclusion Deduction Items
        • 15:3.06 ACE Adjustments Under Code Sec. 312(n)Code Sec. 312(n)
        • 15:3.11 Pre–1990 Book Income Adjustment
      • 15:4.00 PREFERENCES, PASSIVE ACTIVITY LOSS LIMITATIONS AND SPECIAL ENERGY DEDUCTION
        • 15:4.06 Charitable Contributions of Appreciated Property Preference
        • 15:4.10 Adjustment Based on Energy Preferences—Tax Years Beginning in 1991 and 1992
      • 15:5.00 GENERAL BUSINESS CREDITS
      • 15:6.00 ALTERNATIVE MINIMUM TAX CREDIT
      • 15:7.00 CONSOLIDATED RETURN ISSUES
        • 15:7.09 Consolidated Minimum Tax Credit
      • 15:8.00 PARALLEL SYSTEM CONCEPT AND OTHER ISSUES
        • 15:8.01 Parallel System
        • 15:8.03 Application of Code Sec. 382 andCode Sec. 383 to AMT
        • 15:8.04 “Pass-Through” Entities
        • 15:8.05 Tax Benefit Rule
      • 15:9.00 INTERNATIONAL IMPLICATIONS
        • 15:9.01 AMT Foreign Tax Credit (AMT-FTC)
        • 15:9.02 Computation of ACE on Foreign Corporations Operating in the U.S.
        • 15:9.04 Possessions Corporations
      • 15:10.00 AMT PLANNING
        • 15:10.01 General Concepts
        • 15:10.02 Avoiding AMT
      • 15:50.00 PRACTICE AIDS
    • 18: DEPRECIATION & AMORTIZATION: Dennis Gaffney, Ph.D., CPA, Brian L. Laverty, Ph.D., CPA
      • 18:1.00 INTRODUCTION
        • 18:1.02 Major Systems of Capital Recovery
        • 18:1.03 Requirements for a Capital Recovery Deduction
        • 18:1.05 The Capital Recovery Computation
        • 18:1.07 Types of Property
      • 18:2.00 THE ORIGINAL ACCELERATED COST RECOVERY SYSTEM (OACRS)
        • 18:2.02 Classes of Recovery Personal Property
        • 18:2.05 Classes of Recovery Real Property
      • 18:3.00 THE MODIFIED ACCELERATED COST RECOVERY SYSTEM (MACRS)
        • 18:3.03 Modified Accelerated Cost Recovery System (MACRS) Property Classes
        • 18:3.04 Modified Accelerated Cost Recovery System (MACRS) Terminology
      • 18:4.00 MODIFIED ACCELERATED COST RECOVERY SYSTEM (MACRS) CALCULATIONS
        • 18:4.01 Introduction
        • 18:4.02 Modified Accelerated Cost Recovery System (MACRS) Tables
        • 18:4.04 The Rehabilitation Credit
        • 18:4.06 Short Tax Years
        • 18:4.08 Special Depreciation Allowance for Post-December 31, 2007 Qualified Property
        • 18:4.09 Pre-2008 Fifty Percent (50%) Additional First-Year Depreciation for Post May 5, 2003 Qualified Property
      • 18:5.00 THE ALTERNATIVE DEPRECIATION SYSTEM (ADS)
        • 18:5.02 When to Use the ADS
        • 18:5.03 ADS Terminology
      • 18:6.00 DEPRECIATION AND THE ALTERNATIVE MINIMUM TAX
        • 18:6.05 The Adjusted Current Earnings (ACE) Depreciation Adjustment for Corporate Taxpayers
      • 18:7.00 THE CODE SEC. 179 EXPENSING ELECTION
        • 18:7.02 Definitions and Special Rules
        • 18:7.03 Limitations Applicable to the Code Sec. 179 Deduction
        • 18:7.04 Depreciable Basis of Code Sec. 179 Property
      • 18:8.00 LISTED PROPERTY
        • 18:8.02 Listed Property Defined
      • 18:9.00 CODE SEC. 197: AMORTIZATION OF GOODWILL AND CERTAIN OTHER INTANGIBLES
        • 18:9.09 Copyrights and Patents
      • 18:10.00 RECAPTURE AND RETIREMENT ASPECTS OF OACRS AND MACRS PROPERTY
        • 18:10.02 Dispositions of an Asset in a Mass or General Asset Account
        • 18:10.03 Dispositions: Conventions
        • 18:10.04 Depreciation Recapture: Code Sec. 1245 and Code Sec. 1250
      • 18:50.00 PRACTICE AIDS
    • 20: HOW TO STRUCTURE LIKE-KIND EXCHANGES: Bradley T. Borden, Associate Professor
      • 20:1.00 INTRODUCTION AND COMPUTATION OF GAIN, LOSS, AND BASIS
        • 20:1.04 Exchanges Involving Liabilities
        • 20:1.06 Depreciating Replacement Property
        • 20:1.07 Installment Sales
        • 20:1.08 Depreciation Recapture
        • 20:1.09 Reporting Section 1031 Exchanges
      • 20:2.00 THE §1031 REQUIREMENTS
        • 20:2.01 The Exchange Requirement
        • 20:2.02 The Holding and Use Requirement
        • 20:2.03 The Like-Kind Property Requirement
        • 20:2.04 The Qualified Asset Requirement
        • 20:2.05 Transactions With Related Parties
      • 20:3.00 DELAYED EXCHANGES
        • 20:3.01 Replacement Property Identification and Receipt
        • 20:3.02 The Section 1031 Safe Harbor Regulations
      • 20:4.00 REVERSE EXCHANGES
        • 20:4.02 Safe Harbor Reverse Exchanges
      • 20:5.00 IMPROVEMENTS EXCHANGES
      • 20:6.00 TENANCY-IN-COMMON INTERESTS AS REPLACEMENT PROPERTY
        • 20:6.01 Syndicated Tenancy-in-Common Interests
      • 20:7.00 PROXIMATE BUSINESS TRANSACTIONS
        • 20:7.01 Proximate Distributions
        • 20:7.02 Proximate Contributions
        • 20:7.03 Proximate Partnership Terminations
        • 20:7.04 Proximate Conversions and S Elections
        • 20:7.05 PROXIMATE CORPORATE RESTRUCTURINGS
        • 20:7.06 Proximate Partnership Mergers and Divisions
      • 20:8.00 MULTIPLE PROPERTY EXCHANGES AND EXCHANGE PROGRAMS
        • 20:8.02 Applying the Multiple Property Exchange Rules
      • 20:9.00 §1031 AND ESTATE PLANNING
        • 20:9.01 PROXIMATE AND MIDSTREAM DEATH
      • 20:10.00 AVOIDING LIKE-KIND TREATMENT
        • 20:10.02 Methods of Avoiding Like-Kind Treatment
      • 20:11.00 COMBINATION §121—§1031 EXCHANGES
      • 20:50.00 PRACTICE AIDS
    • 21: TAX ACCOUNTING: Michael Baillif, Esq.
      • 21:2.00 ACCOUNTING PERIODS
        • 21:2.01 Choosing a Taxable Year
        • 21:2.03 Changing a Taxable Year
      • 21:3.00 METHODS OF ACCOUNTING
        • 21:3.03 Defining a Method of Accounting
        • 21:3.04 Common Attributes of a Permissible Method of Accounting
        • 21:3.05 Discretion of the IRS
      • 21:4.00 CHANGES IN METHODS OF ACCOUNTING
        • 21:4.01 Standard Request for Change of Method
        • 21:4.02 Automatic Consent for Certain Changes of Accounting Method
        • 21:4.06 Conforming Adjustments (Code Sec. 481(a) and the Cut-Off Method)
      • 21:5.00 THE CASH METHOD OF ACCOUNTING
        • 21:5.01 Eligibility for the Cash Method
        • 21:5.02 Recognition of Income
      • 21:6.00 THE ACCRUAL METHOD
        • 21:6.01 Recognition of Income
        • 21:6.02 Recognition of Deductions
      • 21:7.00 THE INSTALLMENT METHOD
        • 21:7.01 Eligibility for the Installment Method
        • 21:7.02 Payments on Installment Obligations
        • 21:7.03 Computation of Gain on Installment Sales
        • 21:7.04 The Interest Rules
      • 21:8.00 DEDUCTION FOR DOMESTIC PRODUCTION ACTIVITIES
      • 21:50.00 PRACTICE AIDS
    • 30: DIVORCE: VALUATION, TAX, AND FINANCIAL STRATEGIES: Alan S. Zipp, CPA, Esq., CBA, AICPA/ABV
      • 30:1.00 INTRODUCTION
      • 30:2.00 DIVORCE VALUATION
        • 30:2.06 Determining Divorce Value
        • 30:2.07 Certain Valuation Methods May Be Unavailable Under the Applicable State Law
      • 30:3.00 BASIC BUSINESS APPRAISAL FOR DIVORCE
        • 30:3.02 Valuing the Business
        • 30:3.03 Generally Accepted Business Valuation Methods
        • 30:3.04 The Value of Earning Capacity
        • 30:3.06 Developing the Capitalization Rate for Divorce
      • 30:4.00 BUSINESS VALUATION METHODS FOR DIVORCE
        • 30:4.04 Discounts and Reductions in Divorce Valuation
        • 30:4.14 Marital Goodwill
        • 30:4.15 Professional Practice Valuations
      • 30:5.00 PENSION PLANS AND DIVORCE: VALUATION TECHNIQUES AND STRATEGIES
        • 30:5.05 What Are the Types of Pension Plans?
        • 30:5.09 How to Consider a Deferred Annuity
        • 30:5.12 Determining Mortality
        • 30:5.13 How to Determine a Discount Rate
        • 30:5.14 Future Cost-of-Living Adjustments (COLAs)
      • 30:6.00 QUALIFIED DOMESTIC RELATIONS ORDER
        • 30:6.03 Division of Pensions—QDROs
        • 30:6.04 Statutory Requirements for a QDRO
        • 30:6.05 Time When QDRO Can Order Payments Upon Termination of Employment
        • 30:6.06 Tax Treatment of Alternate Payee
        • 30:6.07 Drafting QDROs
        • 30:6.09 Military Plans
      • 30:7.00 FINANCIAL PLANNING AND MARITAL PROPERTY ISSUES
        • 30:7.01 Preparing a Financial Plan
        • 30:7.02 Dividing the Marital Property
        • 30:7.03 Special Property Distribution Rules
        • 30:7.07 Equitable Distribution of Business Interests
      • 30:8.00 MARITAL STATUS AND TAX RETURNS
        • 30:8.05 Changing From Separate to Joint Tax Returns
        • 30:8.06 Innocent Spouse Relief From Tax Liability
      • 30:9.00 ALIMONY AND CHILD SUPPORT
        • 30:9.02 Tax Treatment of Alimony or Separate Maintenance
        • 30:9.03 Alimony Recapture Rules—Code Sec. 71(f)
        • 30:9.05 Child Support—Tax Treatment
      • 30:10.00 DEPENDENCY EXEMPTIONS
        • 30:10.02 Dependency Exemption Requirements
        • 30:10.04 Transfer of Exemptions
        • 30:10.07 Deductions for Student Loans and Higher Education Expenses
        • 30:10.10 Earned Income Credit
        • 30:10.11 Credit for Child Care Expenses
      • 30:11.00 TAXATION OF PROPERTY TRANSFERRED IN DIVORCE
        • 30:11.04 Property Transfers in Divorce Have Tax Consequences
        • 30:11.06 Sale of a Residence
      • 30:12.00 PROPERTY TRANSFERS AND SETTLEMENTS
        • 30:12.01 Taxation of Property Transfers—In General
        • 30:12.02 Tax Liens Can Be a Serious Problem in Divorce
        • 30:12.03 Additional Tax and Financial Planning Issues of Property Transfers
      • 30:13.00 ALIMONY AND CHILD SUPPORT TRUST ARRANGEMENTS
        • 30:13.02 Rules of Trust Taxation in Divorce Cases
      • 30:14.00 ESTATE AND GIFT TAX ISSUES
      • 30:15.00 LEGAL FEES
        • 30:15.01 Handling Legal Fees in a Divorce
      • 30:16.00 BANKRUPTCY AND DIVORCE
        • 30:16.01 Bankruptcy Issues
        • 30:16.02 Discharging Taxes in Bankruptcy
      • 30:17.00 CHECKLIST OF FINANCIAL PLANNING IDEAS FOR DIVORCE
      • 30:50.00 PRACTICE AIDS
    • 33: ESTATE PLANNING STRATEGIES USING TRUSTS: Bonnie J. Lawless, Esq.
      • 33:1.00 INTRODUCTION
        • 33:1.01 Trusts—General Rules
        • 33:1.02 Weighing the Advantages of the Trust Form
        • 33:1.03 Trustees
        • 33:1.04 Drafting, Funding, and Management
      • 33:2.00 OVERVIEW OF GIFT, ESTATE, AND INCOME TAXATION OF TRUSTS
        • 33:2.01 Income Tax
        • 33:2.02 Gift and Estate Tax
      • 33:3.00 REVOCABLE LIVING TRUSTS
        • 33:3.02 Advantages of a Revocable Trust
        • 33:3.03 Disadvantages of a Revocable Trust
        • 33:3.04 Comparison With Other Devices
        • 33:3.06 Gift and Estate Taxation—Revocable Trusts
        • 33:3.09 Funding and Management
      • 33:4.00 TRUSTS FOR THE BENEFIT OF A SPOUSE
        • 33:4.01 Maximizing Use of the Applicable Exclusion Amount: The Bypass Trust
        • 33:4.02 Marital Deduction Trusts
        • 33:4.03 Qualified Terminable Interest Property Trusts
        • 33:4.04 Power of Appointment and Estate Trusts
        • 33:4.06 Funding Formulas
        • 33:4.08 Funding and Management—Trusts for the Benefit of a Spouse
      • 33:5.00 LIFE INSURANCE TRUSTS
        • 33:5.06 Gift and Estate Taxation—Life Insurance Trusts
        • 33:5.07 Drafting the Life Insurance Trust
        • 33:5.08 Funding and Management—Life Insurance Trusts
      • 33:6.00 TRUSTS FOR CHILDREN AND FOR PERSONS IN NEED OF PROTECTION
        • 33:6.04 Drafting the Testamentary Trust
        • 33:6.06 Accumulation or Minor's Trust
        • 33:6.07 Income Interest Trusts
        • 33:6.11 Comparison With Other Devices
      • 33:7.00 RETAINED INTEREST TRUSTS
        • 33:7.02 Grantor Retained Annuity Trusts
        • 33:7.04 Personal Residence Trusts
      • 33:8.00 CHARITABLE REMAINDER TRUSTS
        • 33:8.03 Income Taxation—Charitable Remainder Trusts
        • 33:8.04 Estate and Gift Taxation—Charitable Remainder Trusts
        • 33:8.05 Drafting Charitable Remainder Trusts
      • 33:50.00 PRACTICE AIDS
    • 39: CORPORATE DIVISIONS: Jasper L. Cummings, Jr., Esq., Ben E. Muraskin, Esq.
      • 39:2.00 THE VARIOUS FORMS OF CORPORATE DIVISIONS
      • 39:4.00 REASONS FOR CORPORATE DIVISIONS
      • 39:5.00 DIVISIONS REQUIRING CREATION OF NEW CONTROLLED CORPORATION
      • 39:8.00 CODE SECTION 355 REQUIREMENTS—PRE-DIVISION
        • 39:8.03 Two Five-Year Active Businesses—Code Section 355(b) Active Five-Year Business
        • 39:8.04 50% or More Interest in Controlled or Distributing Must Not Have Been Acquired By Purchase Within Five Years—Code Section 355(d)
        • 39:8.05 50% or More Interest in Controlled or Distributing Must Not Be Acquired in Connection With the Division—Two-Year Presumption—Code Section 355(e)
      • 39:9.00 CODE SECTION 355 REQUIREMENTS—IN THE DIVISION
        • 39:9.03 The Device Requirement
      • 39:10.00 Code Section 355 REQUIREMENTS POST-DIVISION
        • 39:10.02 The Device Requirement
      • 39:11.00 CORPORATE LEVEL TREATMENT OF A DIVISION
        • 39:11.02 Corporate Level Treatment of Creation and Distribution of New Subsidiary
        • 39:11.04 Other Possible Recognition Events
        • 39:11.05 Distribution of Nonqualified Property
      • 39:12.00 SHAREHOLDER TREATMENT OF A DIVISION
        • 39:12.02 Boot and Related Items: When Shareholder-Level Gain or Income Can Be Recognized in a Division That Qualifies Under Code Section 355
      • 39:50.00 PRACTICE AIDS
    • 43: TAXATION OF ELECTRONIC COMMERCE: David E. Hardesty, CPA
      • 43:1.00 INTRODUCTION TO TAXATION OF E-COMMERCE
        • 43:1.01 Six Topics to Be Examined
      • 43:2.00 WEBSITE DEVELOPMENT COSTS
        • 43:2.01 Functional Analysis of Websites
        • 43:2.02 General Accounting Issues
        • 43:2.03 Software Costs
        • 43:2.04 Overall Site Design
        • 43:2.05 Website Content
        • 43:2.09 Research & Experimentation Tax Credits
      • 43:3.00 BUSINESS ACQUISITIONS AND DISPOSITIONS
        • 43:3.01 Intangible Assets Used in Electronic Commerce
        • 43:3.02 Amortization of Intangibles
        • 43:3.03 Transfers to Controlled Corporations
        • 43:3.04 Sale of a Business
      • 43:4.00 SALES AND USE TAX
        • 43:4.02 Sales and Use Tax Basics
        • 43:4.03 Requirement to Collect Tax in a State
        • 43:4.07 Online Sales Tax Systems
        • 43:4.08 Politics of Sales Tax
        • 43:4.09 Streamlined Sales Tax Project
      • 43:5.00 STATE INCOME TAX
        • 43:5.02 Liability to Pay Income Tax in a State
        • 43:5.03 Apportionment of Income
      • 43:7.00 OUTBOUND TRANSACTIONS
        • 43:7.02 Foreign Taxation of U.S. Taxpayers
        • 43:7.03 Foreign Tax Credit
        • 43:7.04 Transfers of Assets to Foreign Entities
      • 43:8.00 INBOUND TRANSACTIONS
        • 43:8.01 U.S. Jurisdiction—Business Income
      • 43:9.00 U.S.-OWNED FOREIGN CORPORATIONS
        • 43:9.02 Direct U.S. Taxation of a CFC's Shareholders
        • 43:9.03 Subpart F Income
      • 43:10.00 CHARACTER OF INCOME
        • 43:10.01 Software Transactions
        • 43:10.02 Character of Digital Transactions—Organization for Economic Co-Operation and Development (OECD)
      • 43:11.00 SOURCE OF INCOME
        • 43:11.01 General Rules
        • 43:11.02 Special Considerations of Electronic Commerce
      • 43:12.00 TRANSFER PRICING AND ALLOCATION OF INCOME
        • 43:12.01 Transfer Pricing Basics
        • 43:12.02 Pricing for E-Commerce Services
        • 43:12.03 Pricing of Intangibles Used in E-Commerce
        • 43:12.04 Cost Sharing Arrangements Under
        • 43:12.05 Intracompany Profit Allocation
      • 43:13.00 VALUE ADDED TAX
        • 43:13.01 Value Added Tax (VAT) Basics
        • 43:13.02 Value Added Tax (VAT) on Radio and Television Broadcasting and Electronically Supplied Services—In General
      • 43:15.00 INCOME AND DEDUCTIONS
        • 43:15.01 Income
        • 43:15.02 Deductions
      • 43:50.00 PRACTICE AIDS