October 2011 issue

Accounting Methods Spotlight

This month's features:

  • Certain 2011 tax returns will require separate disclosure of 1099-K gross receipts
  • Potential issues under final § 381 regulations
  • Certain AMT NOLs may be carried forward to offset AMTI by 100%
  • Commitment fee for construction financing must be capitalized
  • Safe harbor for electric transmission, distributed property
  • Revocation of 2010 PLR on fringe benefits
  • Amortization under § 197 requires an active trade or business
  • Settlement proceeds for misappropriation of trade secrets taxable as ordinary income

Accounting Methods Spotlight archive