International Boycotts
Countries that may require participation in, or cooperation with, an international boycott are Bahrain, Kuwait, Leb…
Category: Standard Federal Tax Reports
IRS specifies how to make new section 1045 rollover election for qualified small business stock
Rev. Proc. 98-48
Individuals who ho…
Revised forms to request determination letters
The IRS announced that it has revised the following forms used to request determination let…
First Circuit allocates part of personal injury settlements to taxable prejudgment interest despite “no interest” stipulations
Rozpad v Co…
Employer’s contributions made during grace period are not deductible
Lucky Stores Inc. v Commr, CA-9August 28, 1998
Employers may d…
Losses
As a matter of public policy, no loss deduction was allowed for the forfeited proceeds of a marijuana-growing operation.
Kin…
Exempt facility bonds
Buildings in an “assisted living” apartment complex were qualified residential rental property, unless they provided…
Standing
An individual lacked standing to compel the IRS to investigate and collect taxes from relatives absent a showing that she had sus…
R&E Expenditures
A taxpayer who attempted to develop a wind-powered distillery to produce ethanol could not deduct his research and experi…
U.S. Supreme Court docket
Certiorari Denied
Return preparers who were suspended from the electronic filing program because they fai…