irs briefing

August 2005
Practical Accountant;Aug2005, Vol. 38 Issue 8, p14
Trade Publication
The article presents information regarding recent decision and rulings by the U.S. Internal Revenue Service (IRS) related to taxation. It is reported in the article that in IR-2005-69, the IRS has certified the model year 2006 Toyota Highlander Hybrid as being eligible for die clean-burning fuel deduction. The one-time deduction must be taken in the year the vehicle is originally used and the taxpayer must be the original owner. It is further reported that the IRS has provided interim guidance and information concerning state or local bond opinions under U.S. Treasury Department Circular 230.


Related Articles

  • International Taxation. Cummings, Jack; Rowe, Kevin // Corporate Business Taxation Monthly;Nov2005, Vol. 7 Issue 2, p9 

    The article discusses the United States Internal Revenue Service's release of more guidance under the Internal Revenue Code Section 965 dividends received deduction enacted in the American Jobs Creation Act of 2004. It discusses the background of Code Section 965. Notice 2005-38 deals with the...

  • "Making Work Pay Credit" Mandates Tax Withholding Checkup.  // Federal Tax Course Letter;Aug2009, Vol. 23 Issue 8, p6 

    The article discusses the Internal Revenue Service's (IRS) reminder in the Special Edition Tax Tip 2009-4 in the U.S. It mentions that the IRS reminded taxpayers that the Making Work Pay Credit reduced tax withholding rates in 2009 for 120 million American households. It mentions that MWPC is...

  • It's Not What You Buy, It's When You Buy It. Daks, Martin C. // njbiz;11/14/2005, Vol. 18 Issue 46, p19 

    Focuses on the advantage of buying assets and putting it on service at the end of the year to companies that intend to depreciate their asset and reduce tax liability in the U.S. Rules posed by the Internal Revenue Service (IRS) code for the depreciation period of the assets; Maximum amount...

  • The 'Domestic Production Deduction'. McCorkill, Rodney // BusinessWest;12/26/2005, Vol. 22 Issue 17, p29 

    The article reports on the new tax consideration for producers made by the U.S. Internal Revenue Service (IRS). According to the IRS, any business that is considered to be a producer is entitled to a new deduction called the Domestic Production Deduction. The new Domestic Production Deduction...

  • You Don't Have to Receive Income to Pay a Tax on It!  // Saturday Evening Post;7/11/1959, Vol. 232 Issue 2, p10 

    Presents the author's views on income tax in the United States. Discussion on the policy of the Internal Revenue Service to deduct legitimate and reasonable business travel expenses from gross income; Discussion on taxpayers being taxed on income which they never received; Views on tax on...

  • TAX BRIEFING.  // Practical Accountant;Jan2007, Vol. 40 Issue 1, p14 

    The article offers news briefs related to taxation in the U.S. Some of the inflation adjustments that was released by the Internal Revenue Service (IRS) for the 2007 are the personal and dependency exemption and standard deduction for singles and married individuals. The IRS issued the optional...

  • Nonrecognition and Like- Kind Exchange for Homes.  // Practical Accountant;Mar2005, Vol. 38 Issue 3, p10 

    The article informs about a clarification by Internal Revenue Services of the U.S. that homeowner, who may exclude gain upon a sale or exchange of a home, also may benefit from a deferral of gain for a like-kind , exchange with respect to the same property. The revenue procedure has six...

  • No Abandonment Loss for Stock Offering Costs.  // Federal Tax Course Letter;Oct2013, Vol. 27 Issue 10, p11 

    The article focuses on the Field Attorney Advice 20133101F on August 7, 2013 regarding the abandonment loss for costs obtained in an attempted stock offering. It mentions that based from the U.S. Internal Revenue Service (IRS), taxpayers cannot claim an abandonment loss deduction for stock...

  • IRS adds tax tables to Web site.  // Hudson Valley Business Journal;1/10/2005, Vol. 16 Issue 1, p19 

    The article reports that the tax law that authorizes optional deduction for state and local sales tax instead of state and local income tax was enacted too late in the year to include in the U.S. Internal Revenue Service (IRS) tax instruction booklets. The TRS Publication 600, Optional State...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics