Article: Failure to properly elect out of MACRS.(rental game equipment)(modified accelerated cost recovery system)

Article: TC decides Sec. 6330's jurisdiction.(petitions to ...
The Tax Adviser;  May 1, 2002 ;     700+ words ... ... previously available. Sec. 6213(a) gives the Tax Court jurisdiction over taxpayers ... and 6212(a). Under Sec. 6214(a), the Tax Court has jurisdiction over additions ... gift and GST taxes to the Tax Court. Sec. 6330 does not otherwise ...

Article: Tax Court denies C corporation sec. ...
The Tax Adviser;  October 1, 1996 ;     700+ words ... ... injury exclusion. The Tax Court rejected these arguments ... corporation cannot suffer a Sec. 104(a)(2) personal injury. The Tax Court cited Boyette Coffee ... to Boyette, the Tax Court based its opinion ... footnotes from previous Sec. 104(a)(2 ...

Article: Tax Court expands Sec. 1033's ...
The Tax Adviser;  June 1, 2002 ;     700+ words ... ... involuntary nature. The Tax Court ruled that Willamette could use Sec. 1033 to defer the ... Therefore, the Tax Court ruled that Sec. 1033 would apply ... event. Finally, the Tax Court pointed out that ... position would allow Sec. 1033 to apply ...

Article: Tax Court applies sec. 1041 nonrecognition ...
The Tax Adviser;  June 1, 2000 ;     700+ words ... ... 2000), a divided Tax Court ruled 9-7 that a corporation ... nonrecognition of gain under Sec. 1041. However, as ... be sustained if the Tax Court ruled that the Sec. 1041 nonrecognition ... transfer to MMP. The Tax Court first ruled that the ...

Article: Tax Court rejects modification of sec. 179 ...
The Tax Adviser;  August 1, 2001 ;     700+ words ... ... 17 (2001), the Tax Court ruled that the Service ... taxpayer to modify a Sec. 179 election to ... 26,526, plus a Sec. 6662(a) accuracy ... of $5,305. The Tax Court reviewed the Service ... expense them under Sec. 179, as he reported ... year. Finally, the Tax Court ruled ...

Article: TC denies sec. 83 property compensation deduction. ...
The Tax Adviser;  August 1, 1998 ;     700+ words ... ... reviewed opinion, the Tax Court ruled, by a 10-7 vote ... has broad application. Sec. 83(a), enacted in ... of forfeiture. Under Sec. 83(c), there is ... claiming the requirements of Sec. 83 were not satisfied ... regulations were invalid. The Tax Court ruled that the deduction ...

Article: Basis calculations and reporting requirements for sec. ...
The Tax Adviser;  November 1, 1996 ;     700+ words ... ... that is not Sec. stock (Sec. 1244(d)(1)(B) and Regs. Sec. 1.1244(d)-2(a)). The Tax Court recently held in Bledsoe ... limited the taxpayer's Sec. 1244 loss to $7,500. The Tax Court also recently held that an ...