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IntelliConnect
Interactive Research Aids
for Tax Research Consultant
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Accounting for Uncertainty in Decision Tree This decision tree will assist users in Accounting 18,200
Income Taxes determining how taxpayers should account
for income tax positions that do not meet
the more-likely-than-not recognition
threshold.
Adjusted Applicable Federal Interactive This interactive chart assists in Accounting 20,120
Rates - 2001 Interactive Chart Chart determining adjusted applicable federal
rates (AFRs) for 2001. AFRs are used for
many purposes, such as for determining
whether a loan is a below-market rate
loan, for determining whether there is
adequate stated interest on a debt
instrument, and for computing the amount
of the low-income housing credit.
Adjusted Applicable Federal Interactive This interactive chart assists in Accounting 20,150
Rates - 2002 Interactive Chart Chart determining adjusted applicable federal
rates (AFRs) for 2002. AFRs are used for
many purposes, such as for determining
whether a loan is a below-market rate
loan, for determining whether there is
adequate stated interest on a debt
instrument, and for computing the amount
of the low-income housing credit.
Adjusted Applicable Federal Interactive This interactive chart assists in Accounting 20,180
Rates - 2003 Interactive Chart Chart determining adjusted applicable federal
rates (AFRs) for 2003. AFRs are used for
many purposes, such as for determining
whether a loan is a below-market rate
loan, for determining whether there is
adequate stated interest on a debt
instrument, and for computing the amount
of the low-income housing credit.
Adjusted Applicable Federal Interactive This interactive chart assists in Accounting 20,210
Rates - 2004 Interactive Chart Chart determining adjusted applicable federal
rates (AFRs) for 2004. AFRs are used for
many purposes, such as for determining
whether a loan is a below-market rate
loan, for determining whether there is
adequate stated interest on a debt
instrument, and for computing the amount
of the low-income housing credit.
Adjusted Applicable Federal Interactive This interactive chart assists in Accounting 20,240
Rates - 2005 Interactive Chart Chart determining adjusted applicable federal
rates (AFRs) for 2005. AFRs are used for
many purposes, such as for determining
whether a loan is a below-market rate
loan, for determining whether there is
adequate stated interest on a debt
instrument, and for computing the amount
of the low-income housing credit.
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IntelliConnect
Interactive Research Aids
for Tax Research Consultant
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IntelliConnect Type Description Topic TRC Paragraph (¶)
Adjusted Applicable Federal Interactive This interactive chart assists in Accounting 20,270
Rates - 2006 Interactive Chart Chart determining adjusted applicable federal
rates (AFRs) for 2006. AFRs are used for
many purposes, such as for determining
whether a loan is a below-market rate
loan, for determining whether there is
adequate stated interest on a debt
instrument, and for computing the amount
of the low-income housing credit.
Adjusted Applicable Federal Interactive This interactive chart assists in Accounting 20,300
Rates - 2007 Interactive Chart Chart determining adjusted applicable federal
rates (AFRs) for 2007. AFRs are used for
many purposes, such as for determining
whether a loan is a below-market rate
loan, for determining whether there is
adequate stated interest on a debt
instrument, and for computing the amount
of the low-income housing credit.
Adjusted Applicable Federal Interactive This interactive chart assists in Accounting 20,330
Rates - 2008 Interactive Chart Chart determining adjusted applicable federal
rates (AFRs) for 2008. AFRs are used for
many purposes, such as for determining
whether a loan is a below-market rate
loan, for determining whether there is
adequate stated interest on a debt
instrument, and for computing the amount
of the low-income housing credit.
Adjusted Applicable Federal Interactive This interactive chart assists in Accounting 20,360
Rates - 2009 Interactive Chart Chart determining adjusted applicable federal
rates (AFRs) for 2009. AFRs are used for
many purposes, such as for determining
whether a loan is a below-market rate
loan, for determining whether there is
adequate stated interest on a debt
instrument, and for computing the amount
of the low-income housing credit.
Applicable Federal Rates - 2001 Interactive This interactive chart assists in Accounting 20,110
Interactive Chart Chart determining the applicable federal rate
(AFR) for 2001. AFRs are used for many
purposes, such as for determining whether
a loan is a below-market rate loan, for
determining whether there is adequate
stated interest on a debt instrument, and
for computing the amount of the low-
income housing credit.
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IntelliConnect
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Applicable Federal Rates - 2002 Interactive This interactive chart assists in Accounting 20,140
Interactive Chart Chart determining the applicable federal rate
(AFR) for 2002. AFRs are used for many
purposes, such as for determining whether
a loan is a below-market rate loan, for
determining whether there is adequate
stated interest on a debt instrument, and
for computing the amount of the low-
income housing credit.
Applicable Federal Rates - 2003 Interactive This interactive chart assists in Accounting 20,170
Interactive Chart Chart determining the applicable federal rate
(AFR) for 2003. AFRs are used for many
purposes, such as for determining whether
a loan is a below-market rate loan, for
determining whether there is adequate
stated interest on a debt instrument, and
for computing the amount of the low-
income housing credit.
Applicable Federal Rates - 2004 Interactive This interactive chart assists in Accounting 20,200
Interactive Chart Chart determining the applicable federal rate
(AFR) for 2004. AFRs are used for many
purposes, such as for determining whether
a loan is a below-market rate loan, for
determining whether there is adequate
stated interest on a debt instrument, and
for computing the amount of the low-
income housing credit.
Applicable Federal Rates - 2005 Interactive This interactive chart assists in Accounting 20,230
Interactive Chart Chart determining the applicable federal rate
(AFR) for 2005. AFRs are used for many
purposes, such as for determining whether
a loan is a below-market rate loan, for
determining whether there is adequate
stated interest on a debt instrument, and
for computing the amount of the low-
income housing credit.
Applicable Federal Rates - 2006 Interactive This interactive chart assists in Accounting 20,260
Interactive Chart Chart determining the applicable federal rate
(AFR) for 2006. AFRs are used for many
purposes, such as for determining whether
a loan is a below-market rate loan, for
determining whether there is adequate
stated interest on a debt instrument, and
for computing the amount of the low-
income housing credit.
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IntelliConnect
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Applicable Federal Rates - 2007 Interactive This interactive chart assists in Accounting 20,290
Interactive Chart Chart determining the applicable federal rate
(AFR) for 2007. AFRs are used for many
purposes, such as for determining whether
a loan is a below-market rate loan, for
determining whether there is adequate
stated interest on a debt instrument, and
for computing the amount of the low-
income housing credit.
Applicable Federal Rates - 2008 Interactive This interactive chart assists in Accounting 20,320
Interactive Chart Chart determining the applicable federal rate
(AFR) for 2008. AFRs are used for many
purposes, such as for determining whether
a loan is a below-market rate loan, for
determining whether there is adequate
stated interest on a debt instrument, and
for computing the amount of the low-
income housing credit.
Applicable Federal Rates - 2009 Interactive This interactive chart assists in Accounting 20,350
Interactive Chart Chart determining the applicable federal rate
(AFR) for 2009. AFRs are used for many
purposes, such as for determining whether
a loan is a below-market rate loan, for
determining whether there is adequate
stated interest on a debt instrument, and
for computing the amount of the low-
income housing credit.
Changing Accounting Methods Decision Tree This decision tree will assist you in Accounting 18,170
determining the appropriate method and
steps for changing a taxpayer's accounting
method. An accounting method change
includes any change in the overall plan of
accounting for gross income or deductions
and a change in any material item related
to the accounting for gross income and
deductions.
Identifying Properties Subject to Decision Tree This decision tree assists in determining Accounting 18,150
263A Rules whether a particular type of property or
category of expense is subject to the
uniform capitalization (UNICAP) rules.
Other Federal Rates - 2001 Interactive This interactive chart assists in Accounting 20,130
Interactive Chart Chart determining other federal rates (AFRs) for
2001. AFRs are used for many purposes,
such as for determining whether a loan is a
below-market rate loan, for determining
whether there is adequate stated interest
on a debt instrument, and for computing
the amount of the low-income housing
credit.
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IntelliConnect
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for Tax Research Consultant
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Other Federal Rates - 2002 Interactive This interactive chart assists in Accounting 20,160
Interactive Chart Chart determining other federal rates (AFRs) for
2002. AFRs are used for many purposes,
such as for determining whether a loan is a
below-market rate loan, for determining
whether there is adequate stated interest
on a debt instrument, and for computing
the amount of the low-income housing
credit.
Other Federal Rates - 2003 Interactive This interactive chart assists in Accounting 20,190
Interactive Chart Chart determining other federal rates (AFRs) for
2003. AFRs are used for many purposes,
such as for determining whether a loan is a
below-market rate loan, for determining
whether there is adequate stated interest
on a debt instrument, and for computing
the amount of the low-income housing
credit.
Other Federal Rates - 2004 Interactive This interactive chart assists in Accounting 20,220
Interactive Chart Chart determining other federal rates (AFRs) for
2004. AFRs are used for many purposes,
such as for determining whether a loan is a
below-market rate loan, for determining
whether there is adequate stated interest
on a debt instrument, and for computing
the amount of the low-income housing
credit.
Other Federal Rates - 2005 Interactive This interactive chart assists in Accounting 20,250
Interactive Chart Chart determining other federal rates (AFRs) for
2005. AFRs are used for many purposes,
such as for determining whether a loan is a
below-market rate loan, for determining
whether there is adequate stated interest
on a debt instrument, and for computing
the amount of the low-income housing
credit.
Other Federal Rates - 2006 Interactive This interactive chart assists in Accounting 20,280
Interactive Chart Chart determining other federal rates (AFRs) for
2006. AFRs are used for many purposes,
such as for determining whether a loan is a
below-market rate loan, for determining
whether there is adequate stated interest
on a debt instrument, and for computing
the amount of the low-income housing
credit.
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IntelliConnect
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for Tax Research Consultant
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IntelliConnect Type Description Topic TRC Paragraph (¶)
Other Federal Rates - 2007 Interactive This interactive chart assists in Accounting 20,310
Interactive Chart Chart determining other federal rates (AFRs) for
2007. AFRs are used for many purposes,
such as for determining whether a loan is a
below-market rate loan, for determining
whether there is adequate stated interest
on a debt instrument, and for computing
the amount of the low-income housing
credit.
Other Federal Rates - 2008 Interactive This interactive chart assists in Accounting 20,340
Interactive Chart Chart determining other federal rates (AFRs) for
2008. AFRs are used for many purposes,
such as for determining whether a loan is a
below-market rate loan, for determining
whether there is adequate stated interest
on a debt instrument, and for computing
the amount of the low-income housing
credit.
Other Federal Rates - 2009 Interactive This interactive chart assists in Accounting 20,370
Interactive Chart Chart determining other federal rates (AFRs) for
2009. AFRs are used for many purposes,
such as for determining whether a loan is a
below-market rate loan, for determining
whether there is adequate stated interest
on a debt instrument, and for computing
the amount of the low-income housing
credit.
Analyzing Cost Benefit of Cost Interactive This interactive example assists in Business 10,270
Segregation Studies Example calculating the estimated cost benefit of a
cost segregation study.
Analyzing Start-Up and Decision Tree This decision tree will assist in determining Business 9,190
Organizational Costs whether a taxpayer may elect to deduct
and amortize start-up costs and
organizational expenses.
Application of At-Risk Rules Decision Tree This tool will help determine if a taxpayer Business 9,285
is subject to the at-risk limitation and the
manner in which multiple activities
engaged in by the taxpayer is subject to
the limitation; and if so, to allocate the
lump sum consideration paid or received
for a group of assets that constitutes a
trade or business to each of the underlying
assets.
Apply Section 382 for Corporate Interactive This interactive example will assist in Business 9,250
Net Operating Loss Limitations Example determining whether a corporation's losses
and other tax attributes are subject to
Code Sec. 382 limitations and will assist in
measuring the owner shifts on a single
testing date.
Calculating the Research and Interactive This decision tree will assist practitioners Business 9,355
Development Credit Example determine the amount of the taxpayer's
R&D credit.
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Computing Casualty or Theft Interactive This interactive example will assist in Business 9,290
Losses Example calculating the amount of theft or casualty
loss allowed under Code Sec. 165.
Computing Section 179 Deduction Interactive This interactive example will assist in Business 10,350
Example computing the Section 179 expense
allowance for an asset placed in service
during the tax year. The interactive
example must be run separately for each
qualifying asset.
Deciding to Capitalize or Expense Decision Tree This decision tree assists in determining Business 9,150
whether an expenditure for tangible
personal or real property is currently
deductible or is capitalizable. Whether an
expenditure may be deducted currently or
must be capitalized is a question of fact.
Therefore, this decision tree will walk you
through a series of questions that must be
answered based upon the facts specific to
the expenditure in question.
Deducting Business Use of Home Interactive This interactive example will assist in Business 9,270
Expenses Example determining whether a home office
deduction is available. Once it is
determined that a client is entitled to a
home office deduction, the interactive
example will calculate the deductible
amount. Practitioners may also calculate
taxable gain resulting from the sale of a
home for which a home office deduction
was claimed.
Depreciating Property Acquired Decision Tree This decision tree will assist in determining Business 10,310
Under Secs. 1031 or 1033 the applicable recovery period,
depreciation method, and convention used
for depreciating property acquired via a
like-kind exchange or an involuntary
conversion in accordance with established
guidance.
Determining Abandonment Losses Interactive This interactive example will assist in Business 9,210
Example determining whether an abandonment loss
has occurred. If an abandonment loss has
occurred, the interactive example will
assist in determining the amount and
character of the loss, as well as the year
of deduction.
Determining Business Use of Decision Tree This decision tree assists in determining Business 9,170
Automobiles the manner in which to deduct automobile
expenses as well as the manner in which
an employee must report income related
to the personal use of an employer's
vehicle.
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IntelliConnect
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Determining Qualified Research Decision Tree Business 9,350
and Development Credit
This decision tree will help determine
whether the taxpayer's expenditures
qualify for the credit. Please note that this
decision tree is limited to the character of
expenses that qualify for the credit; it
does not address the threshold amount of
expenses necessary to claim the credit,
the amount of the credit, or the proper
year for claiming the credit.
Determining Section 179 Property Decision Tree This decision tree will assist in determining Business 10,330
whether property placed in service by the
taxpayer qualifies to be expensed under
Section 179. This is an alternative to the
property being capitalized and
depreciated.
Determining Whether an Activity Decision Tree This tool will assist practitioners in Business 9,310
is Subject to Hobby Loss Rules determining whether an activity is subject
to hobby loss rules.
Determining Whether Passive Decision Tree This tool will assist practitioners in Business 9,280
Activity Rules Apply determining if a particular activity in
which a taxpayer participates is a passive
activity to which the passive activity rules
apply.
Ensuring COLI Compliance Decision Tree This tool will assist practitioners in Business 9,330
determining the benefits of establishing
corporate owned life insurance (COLI) as
well as ensuring that the plan is compliant
with COLI requirements.
Identifying MACRS Class Life Decision Tree This decision tree assists in determining Business 10,050
the appropriate class life and recovery
periods for MACRS property.
Qualifying for Section 199 Decision Tree This decision tree will assist in determining Business 9,230
Deduction if a taxpayer is engaged in a qualified
domestic production activity eligible for
the Section 199 deduction.
Separating Personal Property Decision Tree This decision tree assists in identifying the Business 10,290
Components from Building tangible personal property or land
improvement components of a building
that may be depreciated at a faster rate
and over a shorter recovery period than
the building itself.
Treatment of Computer Software Interactive This interactive example assists in Business 10,250
Expenditures Example determining the amount of a deduction for
computer software expenditures based
upon the rules of Code Secs. 162, 167, 179,
and 197 and various regulations issued
under these Code Sections.
Classifying Payments to Decision Tree This tool will assist practitioners in Employers 13,200
Employees determining whether payments should be
classified as wages, loans, gifts, dividends,
or other types of payments.
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Determining Income Inclusion on Interactive This interactive example will assist in Employers 13,090
Group Term Insurance Example determining the tax consequences of
employer-provided group-term life
insurance. This interactive example
assumes that the insurance at issue
qualifies as group-term life insurance.
Determining Required Minimum Interactive This interactive example assists in Employers 14,200
Distributions Example determining the amount that must be
distributed from certain types of
retirement plans, on an ongoing bases
Determining Taxation of Interactive This interactive example assists in Employers 13,070
Employee Stock Options Example determining the taxation of employee
stock options.
Determining Whether Code Sec. Decision Tree This Decision Tree will assist in Employers 14,250
409A Applies to Nonqualified determining whether Code Sec. 409A
Deferred Compensation Plans applies to non-qualified deferred
compensation plans
Determining Whether Worker is Decision Tree This decision tree assists in determining Employers 12,150
Employee or Independent whether a worker is an employee or an
Contractor independent contractor for federal
employment tax and income tax
withholding purposes. This decision tree
examines both the twenty-factor test and
the behavioral-financial-relationship test.
Electing Employee Cafeteria Plan Decision Tree This tool will assist practitioners in Employers 13,100
Benefits selecting benefits offered in an employer's
cafeteria plan.
Employee Plans and Interactive This interactive chart assists in Employers 13,050
Compensation Interactive Chart Chart determining what types of employee
benefit and compensation plans may be
maintained by C corporations, S
corporations, limited liability companies
(LLCs), general partnerships, and limited
partnerships. The proper federal tax
treatment of premiums and benefits is also
addressed in this application. This chart
assumes that an LLC or state law
partnership does not elect to be treated as
an association for federal tax purposes.
Retirement Plans Interactive Interactive This interactive chart assists in comparing Employers 14,050
Chart Chart different types of retirement plans and
arrangements, including 401(k) plans, safe
harbor 401(k) plans, profit sharing plans,
payroll deduction IRAs, Simple IRAs, SEPs,
and defined benefit plans. Many features
of these plans can be compared, including
plan advantages, employer eligibility
requirements, employer filing
requirements, type and amount of
employer and employee contributions,
coverage requirements, withdrawal and
payment options, and vesting.
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Selecting Benefits to Offer in a Decision Tree This tool will assist practitioners in Employers 13,300
Cafeteria Plan selecting benefits offered in an employer's
cafeteria plan.
Allocating Partnership Items Decision Tree This decision tree will assist users in Entities 7,660
Under Section 704 determining the allocation of a partner's
distributive share of each item of
partnership income, gain, loss, deduction,
and credit.
Apportioning Among Controlled Interactive This tool assists the practitioner in Entities 6,595
Group Members Example allocating the brackets in accordance to
the standard method in Code Section 1561.
Practitioners must identify the controlled
group members and the allocation of
Section 179 between corporations before
beginning this tool. Taxable income,
AMTI, and Retained Earnings are required
information.
Calculation of Corporate Net Interactive Entities 6,850
Operating Loss Example
This tool assists the practitioner in
calculating the net operating loss (NOL) for
regular corporations. Other tools address
calculating net operating losses for
individuals, estates, and trusts. This tool
does not cover state law regarding the
carryback of net operating losses. Please
refer to the specific laws of your state.
Choosing an Entity Decision Tree This decision tree will assist in working Entities 6,340
through a variety of factors that must be
considered when deciding on the form that
a business enterprise should take. The
business forms that will be considered are
sole proprietorships, partnerships,
corporations (taxed under both Subchapter
C and Subchapter S), and limited liability
companies (LLCs).
Comparing Tax Savings between Decision Tree This tool will assist practitioners in Entities 8,510
an S Corp and a Sole comparing the tax savings and other
Proprietorship financial consequences of operating a
business as an S Corporation versus
operating the business as a Sole
Proprietorship. This tool does not consider
any other forms of business (Limited
Liability Company, Partnership, Limited
Liability Partnership, C Corporation, etc.) -
it is strictly focused on a comparison
between a Sole Proprietorship and an S
Corporation.
Computing Corporate Estimated Interactive Entities 6,650
Taxes Example
This tool will assist practitioners in
determining whether a corporation should
pay estimated taxes and guide them to the
right amount of estimated taxes to be
paid. The tool has interactive examples to
aid the calculation of estimated taxes of a
corporation.
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Consequences of Receipt of a Decision Tree This tool will help to determine the Entities 7,600
Partnership Interest in Exchange consequences to both the service partner,
for Contribution of Services the other partners and the partnership as a
whole based upon these factors.
Determining if Accumulated Interactive This tool will assist practitioners in Entities 6,590
Earnings Tax Applies Example determining whether a taxpayer is subject
to the accumulated earnings tax. The tool
will consider tax avoidance purposes and
reasonable needs of the business. If the
taxpayer is determined to be responsible
for the tax, the tool will calculate
accumulated taxable income.
Determining Required Tax Year Interactive This interactive example assists in Entities 7,550
for Partnerships Example determining the required tax year for a
partnership.
Determining Tax Consequences of Decision Tree This tool will help the taxpayer determine Entities 6,555
Section 338 whether or not making a Section 338
election with respect to a particular
transaction is beneficial to the taxpayer.
Instructions on how to make the election
to treat the stock purchase as a purchase
of assets for tax purposes are also provided
in the tool.
Determining Tax Consequences of Decision Tree This tool will assist practitioners in Entities 6,575
Tax-Free Reorganization determining the tax consequences of a tax-
free reorganization for both the target and
the target shareholders.
Determining the Effects of a Decision Tree This tool will assist practitioners in Entities 6,580
Complete Liquidation determining the gain or loss to
corporations and to shareholders as a
result of a complete liquidation.
Determining the Tax Decision Tree This tool will assist practitioners in Entities 6,560
Consequences of a Section 351 determining whether a transfer of property
Transfer Decision Tree to a corporation qualifies as a Section 351
transfer and the tax consequences of the
Section 351 transfer to the transferee
corporation and the transferor.
Disposing of a Partial Partnership Interactive This interactive example will assist in Entities 7,590
Interest Example determining the amount of gain or loss and
the basis consequences of a partial
disposition of a partnership interest.
Electing Out of Subchapter K Decision Tree This decision tree will assist in determining Entities 7,570
whether an unincorporated entity may
elect to be excluded from all or part of
Subchapter K. This decision tree will also
assist in the process of making the election.
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Electing Section 338 to Treat Decision Tree This decision tree will assist in determining Entities 6,550
Stock Purchase as Asset whether a corporate purchaser of another
Acquisition corporation’s stock may elect to increase
the target corporation’s asset basis. This
decision tree will also assist in completing
the election form and determining the
consequences of the election.
Formation of Business Entities Interactive This interactive chart assists in Entities 6,140
Interactive Chart Chart determining the steps that must be taken
in order to form a C corporation, S
corporation, limited liability company
(LLC), general partnership, or limited
partnership. The federal tax treatment of
costs incurred and contributions made to
the business entity during the formation
process is also addressed in this
application. This chart assumes that an
LLC or state law partnership does not elect
to be treated as an association for federal
tax purposes.
Governance of Business Entities Interactive This interactive chart assists in Entities 6,180
Interactive Chart Chart determining the type of management
structure that applies to C corporations, S
corporations, limited liability companies
(LLCs), general partnerships, and limited
partnerships. The extent to which owners
can or are required to be involved in the
management of the particular business
entity is also addressed in this application.
Identifying Personal Holding Interactive This tool will assist practitioners in Entities 6,600
Companies Example determining whether a taxpayer is a
personal holding company. If so, the tool
will compute personal holding company
income and consider the use of deficiency
dividends to reduce or eliminate tax.
Identifying Personal Service Decision Tree This tool will assist practitioners in Entities 6,610
Corporations determining whether a taxpayer is a
personal service corporation. If so, the tool
will consider the ramifications of such
classification.
Income Tax Deduction for Interactive This interactive example will help Entities 6,700
Corporate Charitable Example determine whether the corporation's
Contributions contributions qualify for the charitable
deduction, and if so, in what amount. It
will not examine whether a payment to a
charitable organization qualifies as a
business expense.
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Mandatory Allocations Under Interactive This tool will describe instances where the Entities 7,650
Code Sec. 704(c) Example mandatory allocation rules of Code Sec.
704(c) apply, identify instances where
those rules do not apply and help
practitioners compare results under the
three allocation methods described in the
regulations.
Meeting Requirements for Tax- Decision Tree This decision tree will assist in determining Entities 6,570
Free Reorganization whether a taxpayer meets the common
requirements for most tax-free
reorganizations.
Mergers and Reorganizations Interactive This interactive chart assists in Entities 6,300
Interactive Chart Chart determining how mergers and
reorganizations involving C corporations, S
corporations, limited liability companies
(LLCs), general partnerships, and limited
partnerships can be accomplished and
what the resulting federal tax
consequences will be to the owner and the
entity. This chart assumes that an LLC or
state law partnership does not elect to be
treated as an association for federal tax
purposes.
Nontax Financial Rights of Interactive This interactive chart assists in Entities 6,200
Owners Interactive Chart Chart determining the financial rights of owners
of C corporations, S corporations, limited
liability companies (LLCs), general
partnerships, and limited partnerships. The
type of entity and its governing documents
determine how profits and losses and other
distributions are allocated to the entity’s
owners.
Personal Liability of Owners Interactive This interactive chart assists in Entities 6,160
Interactive Chart Chart determining the extent to which owners of
C corporations, S corporations, limited
liability companies (LLCs), general
partnerships, and limited partnerships
have personal liability for the entity’s
obligations.
Prerequisites for Business Entities Interactive This interactive chart assists in Entities 6,120
Interactive Chart Chart determining the prerequisites that must be
satisfied before a C corporation, S
corporation, limited liability company
(LLC), general partnership, or limited
partnership can be formed. Some of the
restrictions on these business entities
include limits on the number of owners,
type of owners, type of ownership
interests that can be issued, and type of
business that can be conducted by the
entity. This chart assumes that an LLC or
state law partnership does not elect to be
treated as an association for federal tax
purposes.
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IntelliConnect
Interactive Research Aids
for Tax Research Consultant
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IntelliConnect Type Description Topic TRC Paragraph (¶)
Section 382 Loss Limitation - Interactive This tool will help the taxpayer determine Entities 6,800
Computation of Taxable Income Example the amount of post-change year taxable
income of the successor corporation that
may be used to offset the old loss
corporation's NOL carryovers as limited by
Sec. 382.
Tax Consequences to Owners Interactive This interactive chart assists in Entities 6,240
Interactive Chart Chart determining the appropriate federal tax
consequences for owners of C
corporations, S corporations, limited
liability companies (LLCs), general
partnerships, and limited partnerships. The
proper federal tax treatment of income,
deductions, and property distributions, as
well as restrictions on the use of losses by
owners and potential alternative minimum
tax (AMT) obligations of owners are
addressed in this application. This chart
assumes that an LLC or state law
partnership does not elect to be treated as
an association for federal tax purposes.
Tax Consequences to the Entity Interactive This interactive chart assists in Entities 6,220
Interactive Chart Chart determining the appropriate federal tax
treatment for C corporations, S
corporations, limited liability companies
(LLCs), general partnerships, and limited
partnerships. The tax consequences of a
transaction may vary widely depending on
the particular business entity being
examined. This chart assumes that an LLC
or state law partnership does not elect to
be treated as an association for federal tax
purposes. In addition to addressing the
federal tax treatment for a number of
transactions, this interactive chart also
assists in determining the accounting
methods, tax years, federal tax returns,
and employment tax obligations for various
business entities.
Termination of the Entity Interactive This interactive chart assists in Entities 6,320
Interactive Chart Chart determining the steps that must be taken
to terminate a C corporation, S
corporation, limited liability company
(LLC), general partnership, or limited
partnership. The various rights and
obligations of the owners upon termination
of the entity are also addressed in this
application. This chart assumes that an
LLC or state law partnership does not elect
to be treated as an association for federal
tax purposes.
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IntelliConnect
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Transactions Between the Interactive This interactive chart assists in Entities 6,260
Owners and the Entity Interactive Chart determining the proper federal tax
Chart treatment for transactions between C
corporations, S corporations, limited
liability companies (LLCs), general
partnerships, and limited partnerships and
their owners. Transfers of ownership
interests and other transfers are addressed
in this application. This chart assumes that
an LLC or state law partnership does not
elect to be treated as an association for
federal tax purposes.
Transferability of Ownership Interactive This interactive chart assists in Entities 6,280
Interests Interactive Chart Chart determining how ownership interests in C
corporations, S corporations, limited
liability companies (LLCs), general
partnerships, and limited partnerships can
be transferred and what the resulting
federal tax consequences will be. This
chart assumes that an LLC or state law
partnership does not elect to be treated as
an association for federal tax purposes.
Unrelated Business Income Tax Decision Tree This decision tree will assist in determining Entities 6,350
whether a tax-exempt entity is subject to
the Unrelated Business Income Tax, for
any income the business has that is not
substantially related to its exempt purpose
Calculating the Telephone Excise Interactive This interactive example assists in Excise 33,100
Tax Example calculating the maximum amount of the
telephone excise tax refund to be taken on
a taxpayer’s 2006 income tax returns. The
interactive example will populate Form
8913, Credit for Telephone Excise Tax
Paid, when applicable, based on the
greatest refund amount.
Calculating Charitable Interactive This tool will assist practitioners in Individuals 3,500
Contributions of Cash or Example determining whether an individual may
Securities by Individuals claim a charitable income tax deduction
for some of the more common forms of
charitable contributions, as well as the
percentage limitations that apply.
Calculating Self-Employment Tax Interactive Individuals 4,350
Example This tool will help practitioners determine
whether an individual with net earnings
from self-employment for the current tax
year is subject to Self-Employment Tax.
Cancellation of Indebtedness Interactive This tool will assist practitioners Individuals 4,310
Income Example determine whether debt relief causes a
client to realize income and, if so, how
much of that cancellation of debt income
must be included in the client’s income for
federal tax purposes.
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IntelliConnect
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for Tax Research Consultant
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IntelliConnect Type Description Topic TRC Paragraph (¶)
Classifying Payments Between Decision Tree This tool will assist practitioners in Individuals 4,270
Former Spouses classifying payments between former
spouses.
Computing Net Capital Gain for Interactive This tool will assist practitioners in Individuals 4,750
Individual Taxpayers Example computing the amount of net capital gain.
It also will help in determining the portion
of that gain that is taxed at the maximum
15%, 25% and 28% tax rates.
Computing NOLs for Individuals, Interactive This interactive example assists in Individuals 3,150
Estates or Trusts Example determining the amount of an individual,
trust, or estate's NOL.
Deducting Qualified Moving Decision Tree This tool will assist practitioners in Individuals 3,400
Expenses deducting qualified moving expenses.
Deducting Rental Real Residences Interactive This interactive example assists in Individuals 3,200
or Vacation Home Expenses Example determining the amount of deductions that
may be taken in connection with the
rental of a residence or vacation home.
Determining Amount of Interactive This interactive example will assist in Individuals 3,300
Charitable Contribution of Example determining the amount of a deduction for
Appreciated Property the contribution of a complete interest in
an item of appreciated property. This
interactive example will determine such
amount for an individual or a C
corporation.
Determining Custody Issues Decision Tree This tool will assist practitioners in Individuals 4,250
Pursuant to Divorce determining the tax ramifications of
custody issues pursuant to a divorce.
Determining Filing Status for Decision Tree This decision tree assists in determining an Individuals 5,100
Individuals individual's filing status for individual
income tax purposes.
Determining Health Savings Interactive This interactive example assists in Individuals 3,250
Account Contributions Example determining whether an individual is
eligible to contribute to an HSA. For those
individuals eligible to contribute, the
interactive example assists in determining
the maximum amount of deductible
contributions the account beneficiary may
make to an HSA.
Determining Health Savings Decision Tree This decision tree assists in determining Individuals 3,260
Account Distributions the tax consequences of distributions that
are made during the tax year from the
HSA(s) of a single account holder as well as
the tax consequences of the transfer or
receipt of HSA proceeds upon the death of
an account holder.
Determining if Kiddie Tax Applies Interactive This decision tree will assist practitioners Individuals 4,200
Example in determining whether the kiddie tax
applies.
Determining Retirement Benefits Decision Tree This tool will assist practitioners in Individuals 4,260
Pursuant to Divorce determining retirement benefits pursuant
to a divorce.
Determining Taxation of Imputed Decision Tree This decision tree assists in determining Individuals 4,050
Interest on Below Markets the taxation of certain below-market loans.
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IntelliConnect
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for Tax Research Consultant
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IntelliConnect Type Description Topic TRC Paragraph (¶)
Determining the Filing Decision Tree This tool will assist practitioners in Individuals 5,200
Requirements of a Decedent determining filing requirements upon the
death of a decedent.
Determining Whether Individual Decision Tree This tool will assist practitioners in Individuals 5,120
Qualifies for Dependency identifying whether certain individuals
Exemption qualify for the dependency exemption.
Mortgage Debt Frequently Asked Interactive This tool will assist practitioners with Individuals 4,305
Questions Chart answers to commonly asked questions
about the Mortgage Debt Crisis
Mortgage Debt Workouts & Interactive This interactive example will assist Individuals 4,300
Foreclosures Example practitioners in framing and responding to
federal Tax questions arising out of the
Sub-Prime lending crisis
Navigating Social Security Early Interactive Individuals 4,700
Retirement Example This tool will assist practitioners calculate
early retirement benefits for taxpayers
retiring up to 7 calendar years early,
inclusive of the year of early retirement
and the year of full retirement, based on
the Social Security Administration tables.
Tuition Benefit Maximizer Interactive This tool estimates the best tax advantage Individuals 3,410
Example for tuition deductions based on the income
of a taxpayer and makes a
recommendation as to the most
advantageous method
When to File a Gift Tax Return Decision Tree This tool assists in determining when a Individuals 5,300
(Form 709) Form 709 must be filed for Gift Tax
Purposes
Determining Whether Taxpayer is Decision Tree This tool will assist practitioners in International 24,150
Resident or Nonresident Alien determining the status of noncitizens as
either resident or nonresident aliens.
Analyzing Circular 230 Decision Tree Rules governing practice before the IRS are Procedure 29,150
contained in a document commonly known
as "Treasury Department Circular 230."
This decision tree will assist users in
analyzing the requirements of Circular
230, Rules of Practice Before the IRS.
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IntelliConnect
Interactive Research Aids
for Tax Research Consultant
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IntelliConnect Type Description Topic TRC Paragraph (¶)
Federal Disaster Areas Interactive Interactive This interactive chart assists in Procedure 29,100
Chart Chart determining whether an area has been
declared a disaster area as well as the
period for which the disaster area
designation applies. An area that has been
declared a disaster area by the President
of the United States is eligible for
assistance from the federal government
under the Robert T. Stafford Disaster
Relief and Emergency Assistance Act.
Taxpayers located in designated disaster
areas also receive certain tax relief, such
as the ability to deduct uncompensated
losses attributable to the disaster for the
year the disaster occurred or the
preceding year. The IRS may also postpone
certain tax deadlines for taxpayers
affected by a disaster by extending the
time for filing returns, paying taxes, or
making IRA contributions.
Where to File Interactive Chart Interactive This interactive chart assists in Procedure 29,050
Chart determining the proper address for mailing
various federal tax returns based on the
taxpayer’s location. The returns covered
by this interactive chart include: Form
1040, U.S. Individual Income Tax Return ;
Form 1040ES, Estimated Tax for
Individuals ; Form 1041, U.S. Income Tax
Return for Estates and Trusts ; Form 1065,
U.S. Partnership Return of Income ; Form
1120, U.S. Corporation Income Tax
Return ; Form 1120S, U.S. Income Tax
Return for an S Corporation ; Form 4868,
Application for Extension of Time to File
U.S. Individual Income Tax Return ; Form
940, Employer’s Annual Federal
Unemployment (FUTA) Tax Return ; and
Form 941, Employer’s Quarterly Federal
Tax Return .
Applicable Asset Acquisition – Interactive This tool will assist taxpayers, either seller Sales 15,575
Allocation of Purchase Price Example or buyer, determine whether it has
engaged in an applicable asset acquisition;
and if so, to allocate the lump sum
consideration paid or received for a group
of assets that constitutes a trade or
business to each of the underlying assets.
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IntelliConnect
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for Tax Research Consultant
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IntelliConnect Type Description Topic TRC Paragraph (¶)
Computing Gain Under Interactive This interactive example will assist in Sales 16,070
Installment Sale Example calculating the gain or loss on the sale of
one or more assets using the installment
method. It will also assist with the
completion of Form 6252, Installment Sale
Income, which is required to report income
from installment sales.
Determining Character on Interactive This tool will assist practitioners in Sales 15,560
Disposal of Tangible Business Example determining the character on the disposal
Property of tangible business property.
Determining Eligibility for Decision Tree This decision tree will assist in determining Sales 16,050
Installment Sale whether the sale or disposition of an asset
will qualify for the installment method of
reporting gain.
Determining Holding Periods for Decision Tree This decision tree will assist in determining Sales 15,550
Capital Assets when the holding period of the client’s
capital asset begins by examining how the
asset was acquired. Once a determination
has been made with respect to the start of
the holding period, the decision tree will
assist in determining whether the capital
asset is a long-term or short-term capital
asset.
Determining Ramifications of a Interactive This interactive example assists in Sales 15,200
Like Kind Exchange Example calculating the tax ramifications of a like-
kind exchange.
Determining the Ramifications of Decision Tree This decision tree will assist in determining Sales 16,090
an Installment Sale Between whether a contemplated installment sale
Related Parties is between related parties and assessing
the ramifications of a related party
installment sale that either: involves
property that is depreciable in the hands
of the buyer or involves a possible
subsequent disposition.
Meeting Like-Kind Exchange Decision Tree This decision tree assists in determining if Sales 15,150
Requirements an exchange qualifies as a Code Sec. 1031
like-kind exchange.
Related Parties Transactions Decision Tree This tool will assist practitioners identify Sales 16,510
transactions between "related parties,"
which are subject to enhanced scrutiny by
the IRS and the courts, and determine the
consequences
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IntelliConnect
Interactive Research Aids
for Tax Research Consultant
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Sale of Business Assets Decision Tree This tool will help the user determine the Sales 15,570
tax consequences that follow the sale of
the assets of a business. In particular, it
will explain the rules of Code Sec. 1060
and Treas. Reg. Sec. 1.1060-1 which
require the use of the residual allocation
method to allocate the consideration paid
for a business to its underlying assets in
"an applicable asset acquisition". The
applicable asset acquisition allocation
rules apply to transactions occurring after
March 15, 2001.
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