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A frequent topic of conversation during AICPA Tax Practice Management Committee (TPMC) meetings revolves around ways to help tax practitioners future-proof their tax practices. This conversation usually is tied to [...]

This article covers recent developments in individual taxation. The items are arranged in Code section order. Sec. 23: Adoption Expenses In Field, (1) an adoption expense credit was denied to [...]

This article covers recent developments in individual taxation. The items are arranged in Code section order. Sec. 1: Tax Imposed The First and Second Circuits found Section 3 of the [...]

This article covers recent developments affecting individual taxation. The items are arranged in Code section order. Sec. 1: Tax Imposed Notice 2011-64, (1) which amplifies and supersedes Notice 2006-101, (2) [...]

This article covers developments from the past year affecting taxation of individuals, including last year's tax relief, health care, and small business legislation, regulations, cases, and IRS guidance. The items [...]

This article covers recent developments affecting taxation of individuals, including last year's tax relief and small business legislation, regulations, cases, and IRS guidance. The items are arranged in Code section [...]

A long flight from Munich to Atlanta after spending Christmas in Austria gave the author a perfect opportunity to read all the pages in his passport for the first time [...]

Having the right team in place makes a world of difference, especially at tax time with seasonal staff. The key to developing a working training program for seasonal staff is [...]

AbstractAssessing the effect of neutron irradiation of plasma-facing materials has been challenging due to both the technical and radiological challenges involved. In an effort to address the radiological challenges, a facility was developed to conduct high heat flux testing (HHFT) of inherently small samples of neutron-irradiated materials. A new line-focus reflector was designed and fabricated at Oak Ridge National Laboratory for a plasma-arc lamp (PAL) to attain a source heat flux of 12 MW/m2. The new reflector was fabricated with two ports for monitoring specimen condition during HHFT. At the same operational conditions for PAL, the absorbed heat flux in tungsten was increased from 1.39 MW/m2with the uniform irradiance reflector to 5.12 MW/m2for the line-focus reflector. This fourfold increase in the heat flux, at the same PAL electrode lifetimes, enabled cost-effective facility operation for a high number of cyclic high heat flux tests. Specifically, the test section is confined to a hemispherical dome, and specimens are bolted directly to a water-cooled copper alloy rod. Temperature measurement in the PAL facility was a main challenge due to a limited line of sight. For the first time in a PAL facility operating at high heat fluxes, the specimen surface temperature was directly measured during HHFT with a pyrometer. The HHFT data, which were obtained in this upgraded PAL facility, demonstrated the facility readiness for irradiated materials.

The article offers U.S. tax-related updates as of December 1, 2012. Topics include the economic substance requirement for earned income, the Tax Court's ruling on the requirement to file Form 8332 when claiming a dependent child on tax returns, and the rental value of parsonages. Information is provided on the interest on state and local bonds.