Tax News
September 2007

Section 754 Bogus Optional Basis transactions

What about BOB?

As part of our tax gap strategy to close abusive tax shelter transactions, we are closely scrutinizing the use of IRC Section 754 to construct bogus optional basis transactions. / more+

Save the date - annual tax policy conference coming in November

Sponsored by the State Bar Taxation Section, you don't need to be an attorney to attend and benefit from the annual Tax Policy Conference. Join other tax professionals this November in La Jolla for information, education, and the ability to earn up to 15 MCLE and CPE credits. / more+

Don't miss the IRS national phone forum

Mark your calendar for another great learning opportunity. The IRS National Phone Forum will be held on September 19. Make sure you dial in to find out how to get started with the IRS e-file program, and maybe even earn CPE credit. / more+

Registering for e-file just got easier

Speaking of e-file, find out how it's now easier than ever for electronic return originators (EROs) to electronically file individual or business returns. / more+

Paying electronically

While you're filing those tax returns electronically, save time and money by making electronic payments. And don't forget - electronic funds withdrawal (EFW) and Web pay can be used to make estimated tax payments too. / more+

Attention small business owners

The IRS' "e-News for Small Businesses" is a weekly newsletter filled with useful tips and information for small businesses. / more+

Audits: Behind the scenes

Following up on our March Tax News article on the path a typical personal income tax return follows after we receive it, we take a look at what happens during the course of a PIT audit, and give you some high-level facts and statistics on the PIT audit program. / more+

Notes from the Tax Practitioner Stakeholder Specialist

  • Municipal bond interest - protective claims
  • Interested parties meeting on withholding regulations and forms
  • Catching the record-breaker / more+

Inside FTB

  • Notes from the withholding at source interested parties meeting / more+

Criminal Corner

Our monthly summary on bringing tax criminals to justice, and closing the tax gap one case at a time. / more+

The buzz on big business

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