TITLE

tax briefing

PUB. DATE
January 2004
SOURCE
Practical Accountant;Jan2004, Vol. 37 Issue 1, p12
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article presents briefings related to taxation. Revenue Procedure 2003-84 allows certain partnerships that invest in tax-exempt obligations to make an election that enables the partners to take into account monthly the inclusions required under Sections 702 and 707(c), and provides rules for partnership income tax reporting. Revenue Procedure 2003-77 identifies circumstances when disclosure on a taxpayer's return of a position as to an item is adequate of reducing the understatement of income tax penalty under Section 6662(d) and for avoiding the preparer penalty under section 6694(a).
ACCESSION #
11867557

 

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