House Oversight Tax and Legislative Notes (2002)

11/19/02 Aftermath of the mid-term elections and the AMT; estate tax issues; inflation-adjusted 2002-20 numbers for 2003 10/25/02 Run-down on proposed legislation: the CARE and NESTEG bills; next year’s FICA; 2002-19 low 7520 rates and planning: QPRTs, CLATs, CRATs, GRATs and charitable gift annuities 09/20/02 Possible permanency of 2001 Tax Act and its education provisions;“decoupling’: 2002-18 D.C., Massachusetts, New Jersey and New York 09/04/02 Treasury ends “abusive” split-dollar scheme (Notice 2002-59) 2002-17 08/29/02 CBO’s budget numbers and stimulus proposals; IRA discussion correction — comment 2002-16 from Cathy Vohs of the IRS 08/01/02 CARE Act progresses — proposed gifts to charity from IRAs 2002-15 07/23/02 Corrections on IRA discussion; single life distribution table 2002-14 07/18/02 Corrected discussion on the final minimum distribution regs 2002-13 07/02/02 The debt limit increase; IRS retreats from imposing FICA or FUTA taxes on ISOs 2002-12 (Notice 2002-47) 06/21/02 Attempts to make 2001 Tax Act permanent; efforts at estate tax reform; law-school 2002-11 expenses not deductible (Galligan); ignorance of the law is no excuse — “innocent spouse’ relief denied (Mitchell) 05/24/02 The “sunset” provision of the 2001 Tax Act; new IRA distribution tables 2002-10 04/18/02 Thoughts on 529 Plans; IRS issues final rules on IRA distributions; “decoupling”: 2002-09 Maryland, Nebraska and New York 04/09/02 Tax Court denies annual exclusion for gifts of LLC interests (Hack/); Florida says 2002-08 goodbye to estate tax revenues 03/20/02 Senate Finance Committee hearing on tax shelters; Joint Committee on Taxation 2002-07 report on shelters and judicial doctrines used against them 03/15/02 Stimulus bill passes; bill to freeze some of 2001 Tax Act; CBO and OMB revenue 2002-06 projections; Concord Coalition suggestions about fiscal year 2003 budget; GRAT includibility under IRC Sec. 2039 (TAM 200210009); Vermont “decoupling”; the GST and “indirect” skips — the opt-out 02/28/02 Tax shelter amnesty (Announcement 2002-2); whither the corporate income tax?; IRS 2002-05 permits early CRUT termination (PLR 200208039) and tax treatment of early termination (PLR 200127023); IRS information on Victims’ Relief Bill (Publication 3920); New York City’s cigarette tax 02/22/02 President Bush's fiscal year 2003 budget; Senate vote on estate tax repeal; the 2002-04 shrinking surplus; increase in debt ceiling; taxability of frequent flyer miles (Announcement 2002-18); cigarette taxes Tax Topics — Table of Contents — 2013 — 10 HOUSE_OVERSIGHT_022339