Books for Prep | |
 Availability: Available for download now
Format: HTML Label: American Institute of CPA's Manufacturer: American Institute of CPA's Number Of Pages: 2 Publication Date: January 01, 1995 Publisher: American Institute of CPA's Release Date: July 28, 2005 Studio: American Institute of CPA's Browse for similar items by category: Click to Display Editorial Review: Product Description: This digital document is an article from The Tax Adviser, published by American Institute of CPA's on January 1, 1995. The length of the article is 532 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser. From the supplier: The US Court of Appeals for the Eighth Circuit ruled in Varied Instruments, Inc. that filing a bond collateralized with funds in escrow was a valid transfer for purposes of the contested liability deduction under IRC section 461(f) even the claimant did not sign the escrow agreement. The Court, disagreeing with the IRS and the Second Circuit, felt that a transfer of funds beyond the control of the defendant was sufficient. The liability in question was on appeal from a state court judgment and would have been deductible as a business expense. Citation Details Title: Deductibility of contested liabilities. Author: Barry A. Tovig Publication: The Tax Adviser (Magazine/Journal) Date: January 1, 1995 Publisher: American Institute of CPA's Volume: 26 Issue: n1 Page: 26(2) Distributed by Thomson Gale 
In association with Amazon.com | |