Internal Revenue Bulletin:  2008-17 

April 28, 2008 

INCOME TAX


Ct. D. 2085 Ct. D. 2085

Itemized deductions, certain federal taxable income. The Supreme Court holds that investment advisory fees generally are subject to the 2% floor when incurred by a trust. Knight, Trustee of William L. Rudkin Testamentary Trust v. Commissioner of Internal Revenue.

T.D. 9388 T.D. 9388

Final, temporary, and proposed regulations under section 7701 of the Code add an entity to the list of foreign business entities that are always classified as corporations. This entity is not eligible to check the box to change its classification.

REG-143468-07 REG-143468-07

Final, temporary, and proposed regulations under section 7701 of the Code add an entity to the list of foreign business entities that are always classified as corporations. This entity is not eligible to check the box to change its classification.

REG-119518-07 REG-119518-07

Proposed regulations under section 162 of the Code provide guidance regarding the deduction for deemed living expenses while away from home for a state legislator who makes an election under section 162(h).


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