2001 - Page 35 of 35 - Journal of Accountancy

The magazines

January 1, 2001

leh_ex12

Exhibit 12 Create additional tick marks using the Button Editor .

January 1, 2001

Avoiding Third-Party Transfers in a Divorce

EXECUTIVE SUMMARY UNDER IRC SECTION 1041, PROPERTY TRANSFERS between spouses incident to a divorce are generally tax-free. However, the tax consequences may be less predictable when the transfer involves a third party. IN CASES INVOLVING DIVORCING SPOUSES WHO OWN closely held corporations, the courts have had conflicting opinions about the

January 1, 2001

leh_ex13

Exhibit 13

January 1, 2001

Golden Business Ideas

Smart Is Knowing When to Say “I’m Sorry” Companies make mistakes. Smart companies not only admit their mistakes and say they’re sorry but even offer to say it with a gift or a special discount. Why? Because it makes business sense. Unless the mistake is really egregious, most customers would

January 1, 2001

Set Your Own Shortcut Keys

Q. Call me a maverick, but I don’t like Word’s default shortcut keys—such as Ctrl+C for copy. Can I change them? If so, how? A. Sure you can, but do you really want to? Consider this: If you have to use another computer or someone uses yours, a new setup

January 1, 2001

leh_ex14

Exhibit 14

January 1, 2001

New SAS Focuses on Derivatives and Securities

The ASB issued Statement on Auditing Standards no. 92, Auditing Derivative Instruments, Hedging Activities, and Investments in Securities in the fall (see Official Releases, JofA, Nov.00, page 130). It supersedes SAS no. 81, Auditing Investments. The new guidance applies to Derivative instruments as defined in FASB statement no. 133, Accounting

January 1, 2001