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Short Takes: Recent Developments of Interest to Investors

Author: Staff Editors.

Source: Volume 39, Number 01, Fall 2021 , pp.77-91(15)

Abstract:

Our regular review of new tax legislation and recent rulings and other authority, including developments on like-kind exchanges; IRC Sec. 1031; IRC Sec. 1400Z-1; IRC Sec. 468A; IRC Sec. 130; accounting method changes; returns of capital; all events test; Adkins v. U.S.; deductible loss; deductible expense; SALT cap; substance over form doctrine; IRC Sec. 1244; split-dollar life insurance; MoneyGram International v. Comm’r; start-up expenses; IRC Sec. 45; IRC Sec. 48; PLR 202129001; Mylan Inc. v. Comm’r; public utility property.

Keywords: like-kind exchanges; IRC Sec. 1031; IRC Sec. 1400Z-1; IRC Sec. 468A; IRC Sec. 130; accounting method changes; returns of capital; all events test; Adkins v. U.S.; deductible loss; deductible expense; SALT cap; substance over form doctrine; IRC Sec. 1

Affiliations: 1: Journal of Taxation of Investments.