July 2012 - The Tax Adviser

Employment Tax Liabilities of Foreign Entities

Potential Pitfalls in PFIC Reporting

Issues Facing Partnerships Under FIRPTA

Interaction of the Subpart F Dual-Character Property and Majority-Use Rules

Homeland Security May Contact U.S. Persons Living Abroad Who Owe Back Taxes

FIRPTA Notice Requirements for Property Acquired in Foreclosure Sale

Federal Income Tax Treatment of Certain Transferable State Tax Credits

Combined Reporting Creates Compliance Challenges

Post-Deal Depreciation: Impact of Certain Nonrecognition Transactions

Using Sec. 338 to Avoid Anti-Churning Rules

Preparing for the Medical Device Excise Tax

Increased Focus on International Activities of Tax-Exempt Organizations

Should Collection Due Process Hearings Be Recorded?

Contributing to a Child’s IRA

IRS Can Summons “Non-Content” Information From Emails

Temp. Regs. Issued on Obligations Arising From Certain Upfront Payments by CFCs

Prop. Regs. Allow Taxpayers to Deduct Certain Local Lodging Expenses

IRS Postpones Basis Reporting Rules for Debt Instruments and Options

Illinois “Click-Through Nexus” Law Held Unconstitutional

Final Regs. on Reporting Interest on Deposits Paid to Foreign Taxpayers

2013 HSA Inflation Adjustments Released

Sales Tax Audit Best Practices

Where’s My Canceled Check?: A Review of the Basics

The IRS Collection Process: A Review of the Basics

Releasing a Wrongful Levy

Global High-Wealth Audit Update

Get the Most Out of Overpayments Applied to the Following Year’s Return

Taxes From Postpetition Farm Sale Are Not Dischargeable

Overstatement of Basis Does Not Extend Assessment Statute of Limitation