Page 337 - TaxAdviser_2022

TAX CLINIC
Practical advice on current issues.
Editor:
Christine M. Turgeon, CPA
Unless otherwise noted, contributors
are members of or associated with
PricewaterhouseCoopers LLP.
For additional information
about these items, contact
Ms. Turgeon at 973-202-6615
or christine.turgeon@pwc.com.
6 July 2022
In This Department
EXPENSES & DEDUCTIONS PROCEDURE &
Implications of legislative changes ADMINISTRATION
for R&E and software development Interest claim limitation periods,
costs; p. 7. including for ‘net rate’ netting
claims; p. 16.
GAINS & LOSSES
Gain recognition agreements: US TAX ACCOUNTING
corporation’s transfer of a foreign Sec. 451 regulations offer ways
corporation followed by the foreign to reduce revenue acceleration;
corporation’s disposition of its p. 19.
assets; p. 9.
PARTNERS &
PARTNERSHIPS
Nonliquidating distributions: Ways
to determine basis; p. 12.
A practical guide to partnership
division planning; p. 14.
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