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TOPICAL CONTENTS
CORPORATIONS &
SHAREHOLDERS
7 Shareholder’s forgiveness of insolvent
corporation’s debt
CREDITS AGAINST TAX
9 Research credit refund claims: New
documentation requirements
FOREIGN INCOME & 36 Current developments in partners
TAXPAYERS and partnerships
15 Tax credit did not independently
arise under treaties PRACTICE MANAGEMENT
46 Best practices for engagement letters,
GAINS & LOSSES POAs, and tax return extensions
16 IRS rules on cancellation of debt of
TOP LEFT: PHOTO BY DRA_SCHWARTZ/ISTOCK; BOTTOM LEFT: IMAGE BY MONSITJ/ISTOCK; TOP RIGHT: IMAGE BY CANJOENA/ISTOCK
a disregarded entity PROCEDURE &
11 The research credit: Using statistical 19 Letter ruling provides clarity on Sec. ADMINISTRATION
sampling 1202 definition of brokerage services 58 Definition of ‘immediate supervisor’
20 Recent IRS guidance on cryptoassets clarified for penalty purposes
INTEREST INCOME & S CORPORATIONS
EXPENSE 27 S corporation shareholder
22 Opportunities for taxpayers with recomputation of basis
residential rental properties and
residential living facilities STATE & LOCAL TAXES
29 Recent developments involving
LLCs & LLPs limitations to state NOL usage
54 Outside basis of an LLC interest
acquired by purchase, gift, or bequest TAX ACCOUNTING
31 Revenue recognition: Time to
PARTNERS & implement the final regulations
PARTNERSHIPS
24 Reporting aspects of Sec. 743(b) TAX EDUCATION
adjustments 50 Integrating technology into
accounting curriculum as CPA Exam
evolves
Opinions expressed in The Tax Adviser are those of the individual writers and may differ from policies of the American Institute
of Certified Public Accountants, the Tax Division, or its other divisions and committees. This publication is designed to provide
EMPLOYEE BENEFITS & accurate and authoritative information on the subjects covered. It is sold, however, with the understanding that the publisher,
editors, and authors are not engaged in rendering legal, accounting, or other professional service. If specific tax advice or
PENSIONS other expert assistance is required, the services of a competent professional person should be sought. The information in this
publication is not intended or written to be used as, and cannot be used as or considered to be, written tax advice, and should
not be relied on for the purpose of (1) avoiding tax-related penalties under the Internal Revenue Code or (2) promoting, marketing,
56 Taking possession of coins in IRA or recommending to another party any transaction or tax-related matter(s) addressed herein, for IRS audit, tax dispute, or other
purposes. The contents of The Tax Adviser are indexed in ProQuest Accounting & Tax, a product of ProQuest, available online,
causes a taxable distribution www.proquest.com.
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