4-1-1: PTIN Registration
By Michelle L. Heller
Federal Taxation,
October 2010
As of September 28, 2010, online registration is available for obtaining a Preparer Tax Identification Number. If you already have a PTIN, you are still required to complete the application/registration.
Chair’s corner
By Michelle L. Heller
Federal Taxation,
October 2010
A note from Chair Michelle Heller.
Clarification to “Inside out—Revaluation of Partnership Capital Accounts”
By Michelle L. Heller
Federal Taxation,
March 2009
In reviewing for publication the article by Derek P. Usman titled “Inside out—Revaluation of Partnership Capital Accounts” published in the December 2008 Newsletter, I started to elaborate on section 754 elections. So, to clarify, the partnership may elect under IRS section 754 to adjust the basis of partnership property “as the result of a transfer of an interest in a partnership by sale or exchange or on the death of a partner” as provided in IRC section 743.
Federal estate and gift tax update
By Michelle L. Heller
Federal Taxation,
January 2007
The Tax Court decided that the fair market value of decedent’s personal residence, which was transferred to a partnership formed shortly before the transfer, was includable in her gross estate under section 2036(a)(1) because she retained the “possession” and “enjoyment” of the property after the transfer.
Federal individual income tax update
By Michelle L. Heller
Federal Taxation,
October 2005
Passing the House and Senate on September 21, 2005, this Act provides $6.11 billion in tax incentives to aid or encourage donations to the victims of Hurricane Katrina.
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