January 2013 - The Tax Adviser

State Law Property Classifications Do Not Control “Like Kind” Determination

Regs. Issued on Integrated Hedging Transactions of Qualifying Debt

IRS Illustrates Employee Reimbursement Plans

IRS Clarifies When Debt Instruments Are Publicly Traded

LB&I Instructs on Insurance Companies’ Partial Worthlessness Deductions Under Sec. 166(a)(2)

Intangible Drilling Cost Preference Exception Not Available When AMTI Is Negative

IRS Issues Guidance on Corporate Equity Reduction Transactions

IRS Offers Guidance on Accounting for Black Liquor Credit Repayments

Prop. Regs. Expand Options for Private Foundations in Grant-Making Process

Contract With Related For-Profit Entity Disqualifies Exemption

IRS Issues Prop. Regs. on Allocation of Costs Under Simplified Sec. 263A Methods

IRS Makes Tax Exempt/Government Entities Fast Track Settlement Program Permanent

Excluding and Rolling Over Gain on Disposition of Qualified Small Business Stock

Amendments to Circular 230 to Remove “Covered Opinion” Rules

South Carolina Taxpayer Information Stolen

IRS Provides Relief for Hurricane Sandy Victims

IRS Announces Abatements of Frivolous Filing Penalty

FATCA Prop. Regs. Amended to Extend Various Deadlines

Updated Guidelines for Ex Parte Communications

The Number of No-Change Audits Is a Concern

Significant Changes to Offer in Compromise Program

Inadvertent Waiver of the Tax Practitioner Privilege: Salem Financial, Inc.

Disaster Relief Extensions Apply Only to Original Post-Casualty Dates

When Is a Foreign Tax Creditable Under Sec. 901?

Corporation Sole Cannot Shelter Pastor From Tax Trouble

2012 Arthur J. Dixon Memorial Award