2007 AP Bulletin Archive Page

• December 2007
• What Financial and Legal Professional Should Know About Business Appraisals by John D. Emory Jr., CFA, JD, MBA, Emory & Co. LLC
• ILIT Mythbusters
• Alternative IRA Investment: A Golden Goose or a House of Cards?
• Inflation and Cost of Living Adjustment Figures for 2008
• Brief Summaries
• Deferred Gift Annuities
• Section 6166 – Election to Pay Estate Tax in Installments
• Individual Retirement Accounts
• Renunciation of Interest in Trust
• COLI Reporting
• Cafeteria Plans
• November 2007
• We Hate [i.e., Love] To Say We Told You So, But … 419(e) Plans Limited to “Qualified Direct Cost” Don’t Work Whatsoever, And Those Providing “Post-Retirement Medical Benefits” Are In The Crosshairs Too: Revenue Ruling 2007-65, 2007-45 I.R.B. 949; Notice 2007-83, 2007-45 I.R.B. 960; and Notice 2007-84, 20007-45 I.R.B. 963 (October 17, 2007)
• Brief Summaries
• IRS Extends Compliance Period for 409A Final Regulations and Delays W-2 Information Reporting Requirements
• Disability Income
• Patents
• Valuation Discounts
• Charitable Deductions
• Reasonable Compensation
• Trust Losses
• October 2007
• Don’t Miss Estate Tax Issues When Using UTMAs or The Northwestern Mutual Trust for Minor Owner
• Brief Summaries
• IRS Announces Pending 457 Plan Guidance
• IRS Extends Deadline for 409A Documentation
• Creditor Protection
• Medical Expenses
• September 2007
• Analysis of Final § 403(b) Regulations
• Another Update on Tax Shelters, Penalties, and Defenses: Notice 2007-54, 2007-27 I.R.B. 12 (May 25, 2007); Treasury decisions 9350, 9351 and 9352 (August 3, 2007)
• Giving is Just Part I, Here’s Part II – How to Get the Charitable Deduction
• Mind your Ps and Qs Regarding S Corp Stock ownership: A Flurry of PLRs from the IRS
• Brief Summaries
• Reportable and Listed Transactions
• Grantor Trust
• Secular Trusts
• Investment Expense Deduction
• §409A and Discounted Stock Options
• August 2007
• To Convert or Not to Convert that is the Question by Robert S. Keebler, CPA, MST and Stephan J. Bigge, CPA, Virchow, Krause & Company, LLP
• That Allocation is Special! Private Letter Ruling 2007-xx-xxx (June 2007)
• Minimize Income Tax While Diversifying Investments
• Brief Summaries
• Grandfathered Split Dollar Plan Results in No Gifts and No Estate Inclusion
• IRS Corrects 409A Regulations
• Substantial Risk of Forfeiture
• Restricted Stock Valuation
• IRA Spousal Rollover
• Charitable Remainder Trusts
• July 2007
• Making and Optimizing Gifts and Bequests to Pay Educational and Medical Expenses by David A. Handler, JD, Kirkland & Ellis, LLP
• Private Non-Equity Split Dollar – It’s Potential Catch-22 and How to Avoid It
• The IRS Leverages a Leveraged Gift – Less Than Full Estate Inclusion: Proposed Regulations §§ 20.2036-1 and 20.2039-1, REG 119097-05, 72 FR 31487-31491 (June 7, 2007)
• Kiddie Tax Is Not Just For Kids Anymore: Small Business and Work Opportunity Tax Act
• Combining a SERP with a Business Buyout
• Brief Summaries
• Income Taxation of Life Insurance
• Charitable Lead Trusts
• Partnership Distributions
• Installment Method and Partnership Taxation
• Compensation Deduction
• June 2007
• “Free” Insurance: 10 Things I’d Tell My Mother by Stephan R. Leimberg, Leimberg Information Services Inc.
• A StOLI Gourmet Tasting: Jones et al. v. Mutual Credit Corp., No. 07CC01223 (Cal. Super. Ct. filed March 13, 2007)
• Stuck In The Middle With You: What To Do With Life Insurance Owned In a Qualified Plan at Retirement
• IRS Disallows § 1035 Treatment with Annuity Exchange: Revenue Ruling 2007-24, 2007-21 I.R.B. 1282
• Giving People You Care About Long Term Care Insurance
• Aggregation of Modified Endowment Contracts
• Brief Summaries
• 2008 Inflation Adjustments for Health Savings Accounts
• Designated Roth Accounts
• Circular 230 Monetary Penalties
• Section 6166 Election to Defer Estate Tax
• IRA Rollover by a Surviving Spouse
• Installment Sale to a Grantor Trust
• 10% Penalty on Early IRA Distributions
• May 2007
• Determining the Best Way for Business Owners to Transfer Ownership to Business-Active Children by John H. Brown, Business Enterprise Institute
• Analysis of Final §409A Regulations
• SEC Adopts Proxy Disclosure Rules for Executive Nonqualified Deferred Compensation: SEC Release No. 33-8732A; 34-54302A
• Executive Summary of Notice 2007-34 – Split Dollar and §409A
• Application of §409A to Split Dollar Arrangements: Notice 2007-34, 17 I.R.B. 996 (April 10, 2007)
• Spouse as Beneficiary of an IRA: What are the Options?
• Brief Summaries
• §1035 Exchanges of Employer Owned Life Insurance
• Qualified Retirement Plans
• April 2007
• Charities, Investors and Life Insurance – Oh My! What a Tale These Forms Tell! Notice 2007-24, 2007 I.R.B. 468 (February 12, 2007)
• FICA on Nonqualified Deferred Compensation is Deductible by Employers When Accrued: Revenue Ruling 2007-12, 2007-11 I.R.B. 685 (February 15, 2007)
• Deferred Compensation for Business Owners – When Does it Make Sense?
• Brief Summaries
• Retiree Health Benefits
• Partnership Health Insurance
• Penalties for Tax Shelter Promoters
• March 2007
• Split Dollar, Deferred Compensation and Life Insurance by Donald O. Jansen, JD, LLM
• Big – And Good – News! Policy Transfer To Grantor Trust is a Transfer to the Insured!: Revenue Ruling 2007-13, 2007-11 I.R.B. (February 16, 2007)
• Avoiding the Three Year Rule for a New Policy - see Getting the Life Insurance Policy Into the Irrevocable Life Insurance Trust (04/13) for the current procedures
• Brief Summaries
• IRA Rollovers
• Disclaimer
• IRA Prohibited Transactions
• Medical Expenses for Self Employed Individuals
• ESOPs
• February 2007
• Roll Over Beethoven! IRS Clarifies New Rollover Laws: Notice 2007-7, 2007-5 I.R.B. 395 (January 10, 2007)
• The Service Wants It Both Ways – Aggregation and No Aggregation: Technical Advice Memorandum 2006-48-028 (December 1, 2006)
• Two for One? A Ruling on Splitting a Life Insurance Contract: Private Letter Ruling 2006-52-043 (December 29, 2006)
• Accounting for Post Retirement Endorsement Split Dollar: An Analysis of EITF Issue No. 06-4
• Brief Summaries
• Fiduciary Duty of Trustee
• Variable Annuity and Life Insurance Contracts
• January 2007
• The Tax Rationale for Paying Estate Taxes with Life Insurance by Michael R. Doucette, JD
• The Tax Relief and Health Act of 2006
• All in the Family: The IRA Aggregation Rule of §408(d)(2)
• Employer Stock in a 401(k) Plan: What Retirees Should Know about Net Unrealized Appreciation
• Yet More Tax Shelter Regulations Call for Overview of the Rules: Final and Temporary Regulations: T.D. 9295 (November 1, 2006); Proposed Regulations: REG 103038-05, REG 103039-05, and REG 103043-05
• Brief Summaries
• Reporting and Wage Withholding for Nonqualified Deferred Compensation Plans
• Charitable Contributions Made Through Payroll Deductions
• Demutualization
• Qualified Plan Conversions