Corporate Business Taxation Monthly articles from July 2003

Corporate Business Taxation Monthly archives from July 2003

Extinguishing intercompany notes in consolidation.
July 1, 2003... Companies seeking funds are meticulous in choosing to issue debt or equity because debt financing increases a company's leverage but provides a beneficial tax shield. However, companies generally take a laissez-faire attitude regarding how they...

10 or more can play - but you can get hurt.(tax shelters)
July 1, 2003... "The IRS is building an enforcement web to catch and eliminate tax shelters. Taxpayers should come forward now, before they get tangled in the web. The IRS is collecting information about taxpayers and promoters who don't come forward so it can...

Tax accounting.(treatment of taxpayers' internal costs)
July 1, 2003... This month's column continues the discussion of the treatment of taxpayers' internal costs (employee compensation and "overhead") in the proposed "INDOPCO regulations." The May issue described the "incremental costing" approach that prevailed...

Another round of guidance on loss disallowance in the consolidated return context.
July 1, 2003... Another Round of Guidance on Loss Disallowance in the Consolidated Return Context The IRS and the Treasury recently issued more guidance governing a consolidated group's ability to claim a loss on transfers of stock of a subsidiary member...