To help practitioners and their clients avoid the pitfalls –and take advantage of the opportunities – stemming from recent developments in the ever-changing field of federal taxation, CCH INCORPORATED (CCH), a leading provider of tax and business information and software has published the CCH Analysis of Top Tax Issues for 2002. ($45, 239 pages. To order, call CCH at 1-800-248-3248 or visit the CCH Online Store at onlinestore.cch.com)
CCH Analysis of Top Tax Issues for 2002, covering tax law developments through 2001, sorts out the flow of tax events and trends in the past year into an easy-to-use guide that focuses on the most important issues affecting tax compliance and tax planning. The emphasis is on in-depth analysis of significant developments – from major legislation and Supreme Court decisions to letter rulings – many of which are too recent to be reflected in IRS publications, or too controversial to be included on IRS forms or instructions.
Legislation, 9/11 Relief, IRS Losses and More Appropriately for a year that saw tax legislation of exceptional scope, Top Tax Issues begins with an analysis of the Economic Growth and Tax Reform Reconciliation Act and the USA Patriot Act of 2001, highlighting the provisions of the Act that apply to 2001 and 2002 returns.
Tax relief from the September 11 tragedies is treated in a separate chapter, detailing the many types of relief that have been made available through legislation and administrative action.
A special section reviews all significant court cases during 2001 in which the IRS lost – important for planning future transactions and critical in deciding how an item should be reflected on a tax return.
The IRS assault on tax shelters, the INDOPCO capitalization controversy, changing rules for IRA distributions developing technology as it relates to current tax issues and continuing IRS reorganization all receive chapter-length treatment.
A chapter on estate planning in light of 2001 legislation is especially full of insightful commentary and practice tips. A chapter on compensation issues and trends features a careful, circuit-by-circuit analysis of the factors applied in deciding whether compensation is “reasonable,” an examination of emerging trends in the use of stock options and an analysis of split-dollar and other insurance-based compensation practices.
A final chapter highlights developments in areas ranging from accounting methods to innocent spouse relief which are not part of larger trends, thus far, but which are significant in that they reflect a change in an IRS position, the resolution of an issue by the Supreme Court or because they offer a new way to solve a tax problem. CCH Analysis of Top Tax Issues for 2002 can assure tax practitioners that their clients will not miss out on new tax opportunities and will not be caught unaware by significant brewing controversies. It brings in-depth analysis of those issues that a tax practitioner needs to know.
Availability and Pricing
For more information or to order the 239-page CCH Analysis of Top Tax Issues for 2002, contact CCH at 1-800-248-3248 or visit the CCH Online Store at onlinestore.cch.com. Single copy price is $48 plus applicable tax, shipping and handling. Quantity discounts and school adoption pricing are available.
About CCH INCORPORATED
CCH INCORPORATED, headquartered in Riverwoods, Ill., was founded in 1913 and has served four generations of business professionals and their clients. The company produces more than 700 electronic and print products for the tax, legal, securities, insurance, human resources, health care and small business markets. CCH is a wholly owned subsidiary of Wolters Kluwer U.S. The CCH web site can be accessed at cch.com. The CCH federal and state tax web site can be accessed at tax.cchgroup.com.