Interactive Employment Application

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					                                                                                                           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 Rates    Interactive    This interactive chart assists in determining    Accounting         20,120
- 2001 Interactive Chart                Chart       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 Rates    Interactive    This interactive chart assists in determining    Accounting         20,150
- 2002 Interactive Chart                Chart       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 Rates    Interactive    This interactive chart assists in determining    Accounting         20,180
- 2003 Interactive Chart                Chart       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 Rates    Interactive    This interactive chart assists in determining    Accounting         20,210
- 2004 Interactive Chart                Chart       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 Rates    Interactive    This interactive chart assists in determining    Accounting         20,240
- 2005 Interactive Chart                Chart       adjusted applicable federal rates (AFRs) for
                                                    2005. AFRs are used for many purposes,
                                                    such as for determining whether a loan is a
                                                    below-market rate loan, for determining
                                                    whether there is adequate stated interest
                                                    on a debt instrument, and for computing
                                                    the amount of the low-income housing
                                                    credit.




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                                                                                                          IntelliConnect
                                                                                                    Interactive Research Aids
                                                                                                   for Tax Research Consultant

Title / link within
IntelliConnect                        Type         Description                                       Topic       TRC Paragraph (¶)
Adjusted Applicable Federal Rates   Interactive    This interactive chart assists in determining    Accounting         20,270
- 2006 Interactive Chart               Chart       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 Rates   Interactive    This interactive chart assists in determining    Accounting         20,300
- 2007 Interactive Chart               Chart       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 Rates   Interactive    This interactive chart assists in determining    Accounting         20,330
- 2008 Interactive Chart               Chart       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 Rates   Interactive    This interactive chart assists in determining    Accounting         20,360
- 2009 Interactive Chart               Chart       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 determining    Accounting         20,110
Interactive Chart                      Chart       the applicable federal rate (AFR) for 2001.
                                                   AFRs are used for many purposes, such as
                                                   for determining whether a loan is a below-
                                                   market rate loan, for determining whether
                                                   there is adequate stated interest on a debt
                                                   instrument, and for computing the amount
                                                   of the low-income housing credit.




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                                                                                                        IntelliConnect
                                                                                                  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 determining    Accounting         20,140
Interactive Chart                    Chart       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 determining    Accounting         20,170
Interactive Chart                    Chart       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 determining    Accounting         20,200
Interactive Chart                    Chart       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 determining    Accounting         20,230
Interactive Chart                    Chart       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 determining    Accounting         20,260
Interactive Chart                    Chart       the applicable federal rate (AFR) for 2006.
                                                 AFRs are used for many purposes, such as
                                                 for determining whether a loan is a below-
                                                 market rate loan, for determining whether
                                                 there is adequate stated interest on a debt
                                                 instrument, and for computing the amount
                                                 of the low-income housing credit.




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                                                                                                           IntelliConnect
                                                                                                     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 determining    Accounting         20,290
Interactive Chart                       Chart       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 determining    Accounting         20,320
Interactive Chart                       Chart       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 determining    Accounting         20,350
Interactive Chart                       Chart       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 determining    Accounting         20,130
Interactive Chart                       Chart       other federal rates (AFRs) for 2001. AFRs
                                                    are used for many purposes, such as for
                                                    determining whether a loan is a below-
                                                    market rate loan, for determining whether
                                                    there is adequate stated interest on a debt
                                                    instrument, and for computing the amount
                                                    of the low-income housing credit.




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                                                                                                   IntelliConnect
                                                                                             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 determining    Accounting         20,160
Interactive Chart               Chart       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 determining    Accounting         20,190
Interactive Chart               Chart       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 determining    Accounting         20,220
Interactive Chart               Chart       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 determining    Accounting         20,250
Interactive Chart               Chart       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 determining    Accounting         20,280
Interactive Chart               Chart       other federal rates (AFRs) for 2006. AFRs
                                            are used for many purposes, such as for
                                            determining whether a loan is a below-
                                            market rate loan, for determining whether
                                            there is adequate stated interest on a debt
                                            instrument, and for computing the amount
                                            of the low-income housing credit.




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                                                                                                         IntelliConnect
                                                                                                   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 determining    Accounting         20,310
Interactive Chart                     Chart       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 determining    Accounting         20,340
Interactive Chart                     Chart       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 determining    Accounting         20,370
Interactive Chart                     Chart       other federal rates (AFRs) for 2009. AFRs
                                                  are used for many purposes, such as for
                                                  determining whether a loan is a below-
                                                  market rate loan, for determining whether
                                                  there is adequate stated interest on a debt
                                                  instrument, and for computing the amount
                                                  of the low-income housing credit.




Analyzing Cost Benefit of Cost     Interactive    This interactive example assists in               Business          10,270
Segregation Studies                  Example      calculating the estimated cost benefit of a
                                                  cost segregation study.
Analyzing Start-Up and            Decision Tree This decision tree will assist in determining       Business          9,190
Organizational Costs                            whether a taxpayer may elect to deduct
                                                and amortize start-up costs and
                                                organizational expenses.
Application of At-Risk Rules      Decision Tree This tool will help determine if a taxpayer         Business          9,285
                                                is subject to the at-risk limitation and the
                                                manner in which multiple activities
                                                engaged in by the taxpayer is subject to
                                                the limitation; and if so, to allocate the
                                                lump sum consideration paid or received
                                                for a group of assets that constitutes a
                                                trade or business to each of the underlying
                                                assets.


Apply Section 382 for Corporate    Interactive    This interactive example will assist in           Business          9,250
Net Operating Loss Limitations       Example      determining whether a corporation's losses
                                                  and other tax attributes are subject to
                                                  Code Sec. 382 limitations and will assist in
                                                  measuring the owner shifts on a single
                                                  testing date.
Calculating the Research and       Interactive    This decision tree will assist practitioners      Business          9,355
Development Credit                   Example      determine the amount of the taxpayer's
                                                  R&D credit.



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                                                                                                           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 the       Business         9,170
Automobiles                                       manner in which to deduct automobile
                                                  expenses as well as the manner in which an
                                                  employee must report income related to
                                                  the personal use of an employer's vehicle.




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                                                                                                           IntelliConnect
                                                                                                     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 the        Business         10,050
                                                 appropriate class life and recovery periods
                                                 for MACRS property.
Qualifying for Section 199         Decision Tree This decision tree will assist in determining        Business         9,230
Deduction                                        if a taxpayer is engaged in a qualified
                                                 domestic production activity eligible for
                                                 the Section 199 deduction.
Separating Personal Property       Decision Tree This decision tree assists in identifying the        Business         10,290
Components from Building                         tangible personal property or land
                                                 improvement components of a building that
                                                 may be depreciated at a faster rate and
                                                 over a shorter recovery period than the
                                                 building itself.
Treatment of Computer Software      Interactive     This interactive example assists in               Business         10,250
Expenditures                          Example       determining the amount of a deduction for
                                                    computer software expenditures based
                                                    upon the rules of Code Secs. 162, 167, 179,
                                                    and 197 and various regulations issued
                                                    under these Code Sections.


Classifying Payments to            Decision Tree This tool will assist practitioners in              Employers         13,200
Employees                                        determining whether payments should be
                                                 classified as wages, loans, gifts, dividends,
                                                 or other types of payments.




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                                                                                                          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 determining      Employers         14,250
409A Applies to Nonqualified                     whether Code Sec. 409A applies to non-
Deferred Compensation Plans                      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 Compensation     Interactive    This interactive chart assists in determining    Employers         13,050
Interactive Chart                      Chart       what types of employee benefit and
                                                   compensation plans may be maintained by
                                                   C corporations, S corporations, limited
                                                   liability companies (LLCs), general
                                                   partnerships, and limited partnerships. The
                                                   proper federal tax treatment of premiums
                                                   and benefits is also addressed in this
                                                   application. This chart assumes that an LLC
                                                   or state law partnership does not elect to
                                                   be treated as an association for federal tax
                                                   purposes.



Retirement Plans Interactive        Interactive    This interactive chart assists in comparing      Employers         14,050
Chart                                  Chart       different types of retirement plans and
                                                   arrangements, including 401(k) plans, safe
                                                   harbor 401(k) plans, profit sharing plans,
                                                   payroll deduction IRAs, Simple IRAs, SEPs,
                                                   and defined benefit plans. Many features of
                                                   these plans can be compared, including
                                                   plan advantages, employer eligibility
                                                   requirements, employer filing
                                                   requirements, type and amount of
                                                   employer and employee contributions,
                                                   coverage requirements, withdrawal and
                                                   payment options, and vesting.




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                                                                                                         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.




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                                                                                                          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.




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                                                                                                         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 determining     Entities         6,140
Interactive Chart                     Chart       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 determining     Entities         6,180
Interactive Chart                     Chart       the type of management structure that
                                                  applies to C corporations, S corporations,
                                                  limited liability companies (LLCs), general
                                                  partnerships, and limited partnerships. The
                                                  extent to which owners can or are required
                                                  to be involved in the management of the
                                                  particular business entity is also addressed
                                                  in this application.


Identifying Personal Holding       Interactive    This tool will assist practitioners in            Entities         6,600
Companies                            Example      determining whether a taxpayer is a
                                                  personal holding company. If so, the tool
                                                  will compute personal holding company
                                                  income and consider the use of deficiency
                                                  dividends to reduce or eliminate tax.


Identifying Personal Service      Decision Tree This tool will assist practitioners in              Entities         6,610
Corporations                                    determining whether a taxpayer is a
                                                personal service corporation. If so, the tool
                                                will consider the ramifications of such
                                                classification.
Income Tax Deduction for           Interactive    This interactive example will help                Entities         6,700
Corporate Charitable                 Example      determine whether the corporation's
Contributions                                     contributions qualify for the charitable
                                                  deduction, and if so, in what amount. It
                                                  will not examine whether a payment to a
                                                  charitable organization qualifies as a
                                                  business expense.




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                                                                                                             IntelliConnect
                                                                                                       Interactive Research Aids
                                                                                                      for Tax Research Consultant

Title / link within
IntelliConnect                           Type         Description                                       Topic      TRC Paragraph (¶)
Mandatory Allocations Under Code       Interactive    This tool will describe instances where the       Entities         7,650
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 determining     Entities         6,300
Interactive Chart                         Chart       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 Owners      Interactive    This interactive chart assists in determining     Entities         6,200
Interactive Chart                         Chart       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 determining     Entities         6,160
Interactive Chart                         Chart       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 determining     Entities         6,120
Interactive Chart                         Chart       the prerequisites that must be satisfied
                                                      before a C corporation, S corporation,
                                                      limited liability company (LLC), general
                                                      partnership, or limited partnership can be
                                                      formed. Some of the restrictions on these
                                                      business entities include limits on the
                                                      number of owners, type of owners, type of
                                                      ownership interests that can be issued, and
                                                      type of business that can be conducted by
                                                      the entity. This chart assumes that an LLC
                                                      or state law partnership does not elect to
                                                      be treated as an association for federal tax
                                                      purposes.




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                                                                                                       IntelliConnect
                                                                                                 Interactive Research Aids
                                                                                                for Tax Research Consultant

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 determining     Entities         6,240
Interactive Chart                   Chart       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 determining     Entities         6,220
Interactive Chart                   Chart       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 determining     Entities         6,320
Interactive Chart                   Chart       the steps that must be taken to terminate
                                                a C corporation, S corporation, limited
                                                liability company (LLC), general
                                                partnership, or limited partnership. The
                                                various rights and obligations of the owners
                                                upon termination of the entity are also
                                                addressed in this application. This chart
                                                assumes that an LLC or state law
                                                partnership does not elect to be treated as
                                                an association for federal tax purposes.




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                                                                                                             IntelliConnect
                                                                                                       Interactive Research Aids
                                                                                                      for Tax Research Consultant

Title / link within
IntelliConnect                           Type         Description                                       Topic        TRC Paragraph (¶)
Transactions Between the Owners        Interactive    This interactive chart assists in determining     Entities           6,260
and the Entity Interactive Chart          Chart       the proper federal tax 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 determining     Entities           6,280
Interests Interactive Chart               Chart       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 Securities      Example      determining whether an individual may
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 determine    Individuals         4,310
Income                                   Example      whether debt relief causes a client to
                                                      realize income and, if so, how much of that
                                                      cancellation of debt income must be
                                                      included in the client’s income for federal
                                                      tax purposes.




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                                                                                                             IntelliConnect
                                                                                                       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 Charitable     Interactive    This interactive example will assist in            Individuals         3,300
Contribution of Appreciated            Example      determining the amount of a deduction for
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 the        Individuals         3,260
Account Distributions                             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 in    Individuals         4,200
                                       Example      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 the        Individuals         4,050
Interest on Below Markets                         taxation of certain below-market loans.




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                                                                                                          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                                                     Individuals          3,410
                                      Example      This tool estimates the best tax advantage
                                                   for tuition deductions based on the income
                                                   of a taxpayer and makes a recommendation
                                                   as to the most advantageous method
When to File a Gift Tax Return     Decision Tree This tool assists in determining when a            Individuals          5,300
(Form 709)                                       Form 709 must be filed for Gift Tax
                                                 Purposes
Determining Whether Taxpayer is    Decision Tree This tool will assist practitioners in            International         24,150
Resident or Nonresident Alien                    determining the status of noncitizens as
                                                 either resident or nonresident aliens.
Analyzing Circular 230             Decision Tree Rules governing practice before the IRS are        Procedure            29,150
                                                 contained in a document commonly known
                                                 as "Treasury Department Circular 230."
                                                 This decision tree will assist users in
                                                 analyzing the requirements of Circular 230,
                                                 Rules of Practice Before the IRS.




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                                                                                                            IntelliConnect
                                                                                                      Interactive Research Aids
                                                                                                     for Tax Research Consultant

Title / link within
IntelliConnect                         Type         Description                                        Topic      TRC Paragraph (¶)
Federal Disaster Areas Interactive   Interactive    This interactive chart assists in determining     Procedure         29,100
Chart                                   Chart       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 determining     Procedure         29,050
                                        Chart       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.


Computing Gain Under Installment     Interactive    This interactive example will assist in             Sales           16,070
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.




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                                                                                                          IntelliConnect
                                                                                                    Interactive Research Aids
                                                                                                   for Tax Research Consultant

Title / link within
IntelliConnect                         Type         Description                                      Topic     TRC Paragraph (¶)
Determining Character on Disposal    Interactive    This tool will assist practitioners in           Sales           15,560
of Tangible Business Property          Example      determining the character on the disposal
                                                    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 is
Related Parties                                   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
Sale of Business Assets             Decision Tree This tool will help the user determine the         Sales           15,570
                                                  tax consequences that follow the sale of
                                                  the assets of a business. In particular, it
                                                  will explain the rules of Code Sec. 1060 and
                                                  Treas. Reg. Sec. 1.1060-1 which require the
                                                  use of the residual allocation method to
                                                  allocate the consideration paid for a
                                                  business to its underlying assets in "an
                                                  applicable asset acquisition". The
                                                  applicable asset acquisition allocation rules
                                                  apply to transactions occurring after March
                                                  15, 2001.




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DOCUMENT INFO
Description: Interactive Employment Application document sample