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	Please add CorpTaxInsider@email.cpa2biz.com to your Address Book. View email as a web page. August 23, 2012 Corporate Taxation Insider™   IN THIS ISSUE:   > Articles   > Advertisement   > News   > CPA News to Know   > Video   Feedback        Articles     2013 tax changes require thorough year-end tax planning By Blake E. Christian, CPA If Congress does not act before the end of 2012, tax planning will present many challenges (and opportunities) for taxpayers.             Using the "one-day note" in S corporation stock sales By Carolyn Sprinchorn, J.D., LL.M., and Thomas R. Wechter, J.D., LL.M. The use of a "one-day note" in an S corporation stock sale treated as an asset sale with a deemed liquidation replicates the tax consequences of the S corporation's not liquidating.           Back to school: Sales tax nexus lessons By Annette Nellen, Esq., CPA Teachers, classrooms, bright-line tests: Let's go back to school and learn the "vagaries of physical presence."           Now is the time: Converting a C corporation to an S corporation or LLC By Michael F. Lynch, J.D., CPA, David B. Casten, J.D., LL.M., CPA, and David Beausejour, J.D., CPA/The Tax Adviser Historically low income tax rates, currently scheduled to expire at the end of 2012, make it an ideal time to convert C corporations to S corporations or limited liability companies.       2010 Health Care Reform Act: Critical Tax and Insurance Ramifications for You, Your Business, and Your Clients S Corporation Fundamentals The Life of a Business Entity: Formation, Existence, Restructuring and Termination Back to Top    Advertisement     Speedos and margaritas—a guide to preparing your tax return in the fast lane Sponsored by CCH Let Chris Tump, CPA, MST, show you how you can put free time back into your day by working smarter, not harder.       Back to Top    News   Notice permits charitable contributions to single-member LLCs Clearing up an area of uncertainty, the IRS has issued a notice clarifying the tax treatment of donations to disregarded single-member LLCs owned by a charity.         Prop. regs. would clarify who is subject to Sec. 274(n) limit on meal expenses Which party is subject to the 50% limit on deductions for meals when an employee or independent contractor is reimbursed under an expense allowance arrangement?         Regulations finalize rules on entertainment use of business aircraft What are the rules for the disallowance under Sec. 274 of deductions for the use of business aircraft for entertainment?         Treasury releases model intergovernmental agreement for FATCA The Treasury Department has released two versions of a model intergovernmental agreement: reciprocal and nonreciprocal versions for foreign financial institutions reporting on foreign accounts.       Back to Top    New In The Store   The IRA Distribution Rules: IRS Compliance and Audit Issues The potential liability for taxpayers who violate the retirement account rules is significant. Clients and heirs who do not adhere to these rules properly can trigger IRS examinations and may incur significant penalties. This book explains the key IRA rules so that you can advise your clients about the myriad distribution rules and other IRA compliance issues.     The Life of a Business Entity: Formation, Existence, Restructuring and Termination Ample case studies from real-life client situations in this course help you home in on the key issues surrounding the factors that drive the optimal form of organization of a business.     PFS Credential Exam The 2012 PFS exam period is Dec. 26 through Feb. 5, 2013; multiple review options are available prior to each exam.   Didn't find what you were looking for? Visit the AICPA Store Back to Top     AICPA Member Discount Program     Get the OptiPlex™ 390 desktop for only $519 (after $395 savings). Offer ends 8/31/2012. Click here for details.       AICPA members save up to 29% on select FedEx® shipping services. Click here for details.       AICPA members receive discounts on select Fujitsu scanners through Tech Depot. Click here for details.   Back to Top         Sponsored Links     Vertex Exchange 2012 Network with peers, Vertex professionals, and the industry's leading tax and technology experts-Oct 21-24, Orlando, Fla. Gain invaluable insight from the experts on your corporate tax needs with CCH Expert Treatise Library. On-demand webcast: New Tax Data Warehouses Vertex and Ventana Research help tax professionals understand the complexities of tax data warehouse technology. CPA News to Know Tax aspects of donating a car to charity   Education tax incentives are too complicated, AICPA tells Congress   False internet rumors about "real estate transaction tax" worry taxpayers   Career Opportunity Spotlight     ERP/Tax Experts Vertex Inc. Nationwide assignments. Multiple opportunities at all levels with Vertex Consulting to meet explosive growth in demand. Video     Seasonal employees The IRS explains the employment tax rules that apply to seasonal employers.   CPA Insider Corporate Finance Insider Wealth Management Insider Tax Insider Career Insider Delivers need-to-know news of the profession, hard-hitting commentary, recommended products and professional development resources to more than 216,000 AICPA members every week. Subscribe Covers financial management and corporate compliance issues, job opportunities, career advancement strategies, self-assessment tools, compensation research and hiring trends for more than 80,000 B&I CPAs and other financial professionals. Subscribe Delivers breaking news, regulation updates, hard-hitting commentary and professional development resources to more than 30,000 CPAs who provide financial planning services or are looking to expand their practice in this area. Subscribe Delivers tax news, expert commentary, recommended products and professional development resources to more than 45,000 tax and financial planning professionals. Subscribe Clues in more than 105,000 CPAs to great job opportunities, plus powerful tools, guides and research for getting their career to the next level. Subscribe   QUICK LINKS:   > Industry News      > Video Snacks   > TechByte   > Join AICPA      > Advertise      > Follow us       > Like Us       MORE AICPA PUBLICATIONS:   > Journal of Accountancy      > The Tax Adviser      > CPA Letter Daily     Click here to select your email and newsletter preferences or to change your email address at any time. For questions about prior orders, membership or related issues, please email service@aicpa.org or call 888-777-7077. Publication of an advertisement in Corporate Taxation Insider does not constitute an endorsement of the product or service by Corporate Taxation Insider, or the AICPA. 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