Tax Ruling—Not Procedure.

BY LYNN KRAUSSE

More Clarification on 1031 Exchanges ” ( JofA , Jun.03, page 83) refers several times to “revenue procedure 2002-83.” The article states that the revenue procedure was issued in December 2002. In fact, there is no revenue procedure 2002-83.

There is a revenue ruling 2002-83, issued in November 2002, which the article discusses.

Lynn Krausse, CPA
Professor, Business
Bakersfield College
Bakersfield, California

SPONSORED REPORT

Year-end tax planning and what’s new for 2016

Practitioners need to consider several tax planning opportunities to review with their clients before the end of the year. This report offers strategies for individuals and businesses, as well as recent federal tax law changes affecting this year’s tax returns.

QUIZ

News quiz: IRS warning on cyberattacks and a change in pension rules

Once again, the IRS sounds the alarm about a threat from cyberthieves. See how much you know about this and other recent news with this short quiz.

CHECKLIST

Bolster your data defenses

As you weather the dog days of summer, it’s a good time to make sure your cybersecurity structure can stand up to the heat of external and internal threats. Here are six steps to help shore up your systems.