Ed Zollars provides this week's update that covers:
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IRS Announces Nonacquiesence in Kohler (Action on Decision 3/3/08)
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IRS Releases Guidance on Distributions from Plans Affected by Pension Protection Act of 2006 (Notice 2008-30, 3/6/08)
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IRS Announces Limitations on Depreciation and Lease Inclusion Amounts for Autos and Trucks Subject to §280F(a) Limitations Placed in Service in 2008 (Revenue Procedure 2008-22, 3/4/08)
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IRS Corrects Maximum Value of Vehicles for Center per Mile Employer Valuation Method (Announcement 2008-15, 3/3/08)
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IRS Clarifies Application of Shareholder’s Limitation on Deductions in Certain Cases for Donations of Appreciated Property of S Corp in 2006 and 2007 (Revenue Ruling 2008-16, 3/3/08)
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IRS Allows Entry of $1,00 of “False” Adjusted Gross Income for Filers Who Wish to E-file Under Notice 2008-28 (Revenue Procedure 2008-21, 3/3/08)
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IRS Publishes Additional Information for Stimulus Payment Related Filings (http://www.irs.gov/irs/article/0,,id=177937,00.html, 3/5/08)
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IRS Announces Overpayment and Underpayment Interest Rates for Second Quarter of 2008 (Revenue Ruling 2008-10, 3/4/08)
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IRS to Automate Qualification for Reduced Fee for Installment Agreement for Some Taxpayers (IRS News Release IR-2008-033, 3/4/08)
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Defendant in Criminal Tax Evasion Case Allowed to Argue Distribution was return of Capital Even Though Neither Corporation Nor Defendant Intended Distribution to Be A Return of Capital (Boulware v. US, US Supreme Court, 2008-1 USTC ¶50,516, 3/3/08)
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IRS Correction to Consistent Computational Error in Calculation of LIFO Was a Change in Accounting Method, Subject to §481 Adjustment (Huffman v. Commissioner, CA6, TNT 44-9, 3/5/08)
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Medical Group Denied Charitable Contribution on Value of Goodwill (Derby v. Commissioner, TC Memo 2008-45, 2/28/08)
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IRS Assessment of Tax Not Valid When IRS Failed to Verify 1099 Reporting After Reasonable Dispute of Validity by Taxpayer (Dyer v. Commissioner, TC Summary Opinion 2008-23, 3/3/08)
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