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Focus on Tax Previous IssueSubscribeView All Issues
August 2010
In This Issue...


Recent Developments and Decisions Under Circular 230


Tax Treatment of Transit Passes and Qualified Parking Provided by Smartcards


Complete Warehouse Tax-Enhanced Energy-Efficient Design


The Tax Gap and the Growth of Third-Party Reporting


Planning for the S Corporation “Big” Tax


Recent Developments and Decisions Under Circular 230
In an article in the Journal of Tax Practice and Procedure, Laura L. Gavioli examines recent important developments and decisions under Circular 230.


Read this article from the Journal of
     Tax Practice and Procedure
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     and Procedure
Read this article from the Journal of Tax Practice and Procedure

Related items of interest include:
Express Answers: Complete Bundle (2011)
Federal Taxation Practice and Procedure (9th Edition)
Internal Revenue Code /Income Tax Regulations Bundle
     (Summer 2010)
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Send us your comments: CCH-FocusOnTax@CCH.com
Tax Treatment of Transit Passes and Qualified Parking Provided by Smartcards
Federal Tax Course Letter is going electronic! In a story from the August issue of this important current tax resource for tax professionals, Susan Flax Posner explains that employers that provide their employees with transportation benefits can exclude those benefits from their employees’ gross incomes if the benefits are “qualified transportation fringes” [Code Sec. 132(a)(5)].


Read this article from the Federal Tax
     Course Letter
Subscribe to the Federal Tax Course Letter
Read this article from the Federal Tax 
Course Letter
Related items of interest include:
Federal Tax Course: A Guide for the Tax Practitioner (2010)
1040 Preparation and Planning Guide (2010)
CCH Accounting for Income Taxes (2011)
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Send us your comments: CCH-FocusOnTax@CCH.com
Complete Warehouse Tax-Enhanced Energy-Efficient Design
Business owners with significant warehouse space will be interested to learn how they can save taxes and save energy by making qualifying energy-reducing investments under Code Sec. 179D. Charles Goulding, Jacob Goldman and Joseph Most discuss these issues in the latest issue of Corporate Business Taxation Monthly.


Read this article from Corporate Business
     Taxation Monthly
Subscribe to Corporate Business Taxation Monthly
Read this article from Corporate Business Taxation Monthly
Related items of interest include:
Corporate Controller’s Handbook of Financial Management
     w/CD (2010-2011)
GAAP Handbook of Policies and Procedures w/CD (2010)
Multistate Corporate Tax Guide (2011)
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Send us your comments: CCH-FocusOnTax@CCH.com
The Tax Gap and the Growth of Third-Party Reporting
Closing the tax gap has become the IRS’s priority as government struggles to maintain services and close budget gaps and historic deficits. Congressional efforts to achieve this priority expand the scope of third-party reporting, which experience has shown is the most effective compliance tool. Mark Luscombe, CCH Principal Analyst, describes these developing efforts in his monthly TAXES Magazine column.


Read this article from TAXES – The Tax
     Magazine
Subscribe to TAXES – The Tax Magazine

Read this article from TAXES – The Tax 
Magazine
Related items of interest include:
Individual Tax Answer Book (2011)
Transfer Pricing: Rules, Compliance and Controversy
     (3rd Edition)
Uncertainty in Income Taxes Answer Book
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Send us your comments: CCH-FocusOnTax@CCH.com
Planning for the S Corporation “Big” Tax
In his column, Tax Tip, Stephen Owen explains that Code Sec. 1374 provides that an S corporation that was formerly a C corporation remains subject to a corporate-level tax if the corporation recognizes a “built-in gain” within the 10-year period (the “recognition period”) following the effective date of the S election.


Read this article from the Journal of
     Passthrough Entities
Subscribe to the Journal of Passthrough Entities

Read this article from the Journal of 
Passthrough Entities
Related items of interest include:
Accounting Desk Book w/CD (2010)
S Corporation Taxation (2011)
U.S. Master Depreciation Guide (2011)
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