Interactive Employment Application

Document Sample
Interactive Employment Application Powered By Docstoc
					                                                                                                  IntelliConnect
                                                                                            Interactive Research Aids
                                                                                           for Tax Research Consultant

Title / link within
IntelliConnect                      Type        Description                                  Topic       TRC Paragraph (¶)
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.




                                               5c76d40d-ba41-4a50-8ed2-a5a909bfef23.xls                                      Page 1
                                                                                                   IntelliConnect
                                                                                             Interactive Research Aids
                                                                                            for Tax Research Consultant

Title / link within
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.




                                                5c76d40d-ba41-4a50-8ed2-a5a909bfef23.xls                                      Page 2
                                                                                                   IntelliConnect
                                                                                             Interactive Research Aids
                                                                                            for Tax Research Consultant

Title / link within
IntelliConnect                      Type         Description                                  Topic       TRC Paragraph (¶)
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.




                                                5c76d40d-ba41-4a50-8ed2-a5a909bfef23.xls                                      Page 3
                                                                                                        IntelliConnect
                                                                                                  Interactive Research Aids
                                                                                                 for Tax Research Consultant

Title / link within
IntelliConnect                         Type        Description                                     Topic       TRC Paragraph (¶)
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.




                                                  5c76d40d-ba41-4a50-8ed2-a5a909bfef23.xls                                         Page 4
                                                                                                IntelliConnect
                                                                                          Interactive Research Aids
                                                                                         for Tax Research Consultant

Title / link within
IntelliConnect                 Type         Description                                    Topic       TRC Paragraph (¶)
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.




                                           5c76d40d-ba41-4a50-8ed2-a5a909bfef23.xls                                        Page 5
                                                                                                       IntelliConnect
                                                                                                 Interactive Research Aids
                                                                                                for Tax Research Consultant

Title / link within
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.



                                                5c76d40d-ba41-4a50-8ed2-a5a909bfef23.xls                                          Page 6
                                                                                                         IntelliConnect
                                                                                                   Interactive Research Aids
                                                                                                  for Tax Research Consultant

Title / link within
IntelliConnect                         Type        Description                                      Topic      TRC Paragraph (¶)
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.




                                                  5c76d40d-ba41-4a50-8ed2-a5a909bfef23.xls                                         Page 7
                                                                                                          IntelliConnect
                                                                                                    Interactive Research Aids
                                                                                                   for Tax Research Consultant

Title / link within
IntelliConnect                        Type          Description                                      Topic      TRC Paragraph (¶)
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.




                                                   5c76d40d-ba41-4a50-8ed2-a5a909bfef23.xls                                         Page 8
                                                                                                       IntelliConnect
                                                                                                 Interactive Research Aids
                                                                                                for Tax Research Consultant

Title / link within
IntelliConnect                        Type        Description                                     Topic      TRC Paragraph (¶)
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.




                                                 5c76d40d-ba41-4a50-8ed2-a5a909bfef23.xls                                        Page 9
                                                                                                        IntelliConnect
                                                                                                  Interactive Research Aids
                                                                                                 for Tax Research Consultant

Title / link within
IntelliConnect                        Type        Description                                      Topic      TRC Paragraph (¶)
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.




                                                 5c76d40d-ba41-4a50-8ed2-a5a909bfef23.xls                                         Page 10
                                                                                                          IntelliConnect
                                                                                                    Interactive Research Aids
                                                                                                   for Tax Research Consultant

Title / link within
IntelliConnect                          Type        Description                                      Topic      TRC Paragraph (¶)
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.




                                                   5c76d40d-ba41-4a50-8ed2-a5a909bfef23.xls                                         Page 11
                                                                                                        IntelliConnect
                                                                                                  Interactive Research Aids
                                                                                                 for Tax Research Consultant

Title / link within
IntelliConnect                       Type        Description                                       Topic      TRC Paragraph (¶)
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.




                                                5c76d40d-ba41-4a50-8ed2-a5a909bfef23.xls                                          Page 12
                                                                                                           IntelliConnect
                                                                                                     Interactive Research Aids
                                                                                                    for Tax Research Consultant

Title / link within
IntelliConnect                           Type        Description                                      Topic      TRC Paragraph (¶)
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.




                                                    5c76d40d-ba41-4a50-8ed2-a5a909bfef23.xls                                         Page 13
                                                                                                     IntelliConnect
                                                                                               Interactive Research Aids
                                                                                              for Tax Research Consultant

Title / link within
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.




                                               5c76d40d-ba41-4a50-8ed2-a5a909bfef23.xls                                        Page 14
                                                                                                         IntelliConnect
                                                                                                   Interactive Research Aids
                                                                                                  for Tax Research Consultant

Title / link within
IntelliConnect                         Type        Description                                      Topic        TRC Paragraph (¶)
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.


                                                  5c76d40d-ba41-4a50-8ed2-a5a909bfef23.xls                                           Page 15
                                                                                                         IntelliConnect
                                                                                                   Interactive Research Aids
                                                                                                  for Tax Research Consultant

Title / link within
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.




                                                  5c76d40d-ba41-4a50-8ed2-a5a909bfef23.xls                                           Page 16
                                                                                                         IntelliConnect
                                                                                                   Interactive Research Aids
                                                                                                  for Tax Research Consultant

Title / link within
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.




                                                 5c76d40d-ba41-4a50-8ed2-a5a909bfef23.xls                                             Page 17
                                                                                                           IntelliConnect
                                                                                                     Interactive Research Aids
                                                                                                    for Tax Research Consultant

Title / link within
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.




                                                   5c76d40d-ba41-4a50-8ed2-a5a909bfef23.xls                                          Page 18
                                                                                                        IntelliConnect
                                                                                                  Interactive Research Aids
                                                                                                 for Tax Research Consultant

Title / link within
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




                                                 5c76d40d-ba41-4a50-8ed2-a5a909bfef23.xls                                        Page 19
                                                                                             IntelliConnect
                                                                                       Interactive Research Aids
                                                                                      for Tax Research Consultant

Title / link within
IntelliConnect               Type        Description                                    Topic     TRC Paragraph (¶)
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.




                                        5c76d40d-ba41-4a50-8ed2-a5a909bfef23.xls                                      Page 20

				
DOCUMENT INFO
Description: Interactive Employment Application document sample