Annette Ahlers and Todd Reinstein
A Practical Look at Section 382

Annette Ahlers and Todd Reinstein’s presentation provides insights into Section 382 particulars regarding: Ownership Change Determinations – what counts as equity; relative fair market value determinations; value fluctuations and what...

Susan Hughes
Do Employers Need a Tax Disincentive for Workforce Reduction?

I realize that just about the last thing with which any politician wants to be associated is another tax. Yet, in looking at the economic situation today, it might seem to some that one of the solutions to our current economic quagmire, or at least a...

J. Martin Burke
Safe Harbors Applied in Converting Residences to Investment Property

Taxpayers may decide to convert their principal residence into investment property by renting the property. In turn, taxpayers may be entitled to combine the benefits of I.R.C. §§ 121 and 1031. Also, even if a residence does not qualify as a...

J. Martin Burke
"Nonqualifed Use" Exceptions Temper "Housing Assistance Act of 2008" Provision

On July 30, 2008, President Bush signed the Housing and Economic Recovery Act of 2008 which included a title known as the "Housing Assistance Act of 2008" which amends I.R.C. Section 121 to provide that gain from the sale or exchange of a principal...

LexisNexis Tax Center
LexisNexis Tax Advisor – Federal Topical: First-Time Homebuyers Credit Recapture Relief for Transfers Incident to Divorce

In a transfer of a principal residence incident to a divorce, rules governing the accelerated recapture of the first-time homebuyer credit do not apply with respect to purchases in 2009. Instead, the credit will be recaptured only if the taxpayer disposes...

LexisNexis Tax Center
LexisNexis Tax Advisor-Federal Code: The American Recovery and Reinvestment Act of 2009's revision of IRC Sec. 382(h)

Under IRC Sec. 382(h), special rules apply for built-in gains and losses and Sec. 388 gains for NOL carry-forward limitation purposes and certain built-in losses after an ownership change. The American Recovery and Reinvestment Act of 2009 revises IRC...