Corporate and partnership updateBy John B. TruskowskiJune 1999When an employer files for bankruptcy, it may eventually be discharged from its obligations to remit taxes it withheld from wages paid to its employees.
Corporate and partnership updateBy John B. TruskowskiFebruary 1999In 330 W. Hubbard Restaurant Corporation, d/b/a Coco Pazzo v. United States, N.D. Ill. No. 98 C 178, District Court Judge Marvin Aspen held that a restaurant was liable for FICA taxes on unreported tips.
Editor’s noteBy Michael L. EnglishNovember 1999At the September 24, 1999, meeting of the Federal Taxation Section Council, the members of the council heard a guest presentation by Edith Siler, Senior Attorney with the Office of IRS District Counsel, in Chicago.
Estate and gift tax updateBy Alfred SandersJune 1999In the past when multiple interests in the same asset have been included in a decedent's gross estate the multiple interests have been aggregated in order to determine their value.
Income tax treatment of state and federal grantsBy Don JohnsonNovember 1999Various state and federal agencies make grants of funds to both public and private corporations for economic development, improvement of public facilities and related purposes.
Individual income tax updateBy James S. ZmudaSeptember 1999Several requirements must be satisfied for divorce related payments to be treated as alimony, taxable to the payee and deductible by the payor.
Individual income tax updateBy Carlos A. SaavedraJune 1999Most individual taxpayers that are homeowners can itemize deductions due to the deductions for real estate taxes and home mortgage interest.
Individual income tax updatesBy Carlos A. SaavedraFebruary 1999For quite a number of years, the IRS' standard mileage rate for automobile business use generally increased slightly from one year to the next.
Message from the chairBy George E. MarifianNovember 1999In the last issue, we commented on the flurry of tax proposals being debated in Congress before the Labor Day Recess.
Message from the chairBy George E. MarifianSeptember 1999Greetings and welcome to the new fiscal year for our section. I am pleased to report that we began the year with an excellent council meeting at Lake Geneva in June.
Trade associations, associate members and unrelated business incomeBy David R. ReidApril 1999Business Leagues, Chambers of Commerce, Real Estate Boards, Boards of Trade, or Professional Football Leagues not organized for profit and no part of the net earnings of which inures to the benefit of any private shareholders or individuals are exempt from federal income tax pursuant to IRC section 501(c)(6).