Corn Products Refining Co. v. Commissioner, 350 U.S. 46 (1955)
Desire2Learn: Instructions Log-in page
List of IRC provisions pertaining to property (we will not cover all of these; the purpose of this list is to give you a sense of how these rules fit within the structure of the IRC and the range of tax rules involving property)
BNA Tax Management Portfolions - Federal and Multistate (need to enter your library card number and pin)
IRS Publication 946, How to Depreciate Property - see the Rev. Proc. 87-56 tables starting on page 96
Treasury Department, Report to The Congress on Depreciation Recovery Periods and Methods, 7/00; read pages 2 - 3 of the report
Week 2 Reader + the following items
Indopco v. Commissioner, 503 US 79 (1992)
Crane v. Commissioner, 331 US 1 (1947)
“Tangible Guidance On Intangibles – New Section 263 Regulations Provide Taxpayers With Certainty,” Business Entities, Fall 2004, Purcell and Nellen - posted at the Desire2Learn site under "news"
Reference: IRS Audit Technique Guide on Repair v Capitalization (Nov. 2010) - here
Commissioner v. Tufts, 461 US 300 (1983)
Review IRC Sections 108 and 1017 (obtain from RIA or CCH)
IRS Publication 4681, Cancelled Debts, Foreclosures, Repossessions and Abandonments (for individuals) (reference only; this is a layman's explanation of several topics in Week 4 reading)
IRS Info on Home Foreclosure and Debt Cancellation (reference only)
FTB, Foreclosures
Summary/review of interaction of CA and federal rules - FTB February 2010 Newsletter (pages 9 - 11)
Week 5 Reader - Capital Assets + the following items
IRS Tax Tips - Ten Important Facts About Capital Gains and Losses
IRC Provisions on Capital Assets and Gains (for reference, but be sure to read Section 1221)
Corn Products Refining Co. v. Commissioner, 350 U.S. 46 (1955)
Arkansas Best Corp. v. Commissioner, 485 U.S. 212 (1988)
IRS Information Letter 2008-0042 - ordinary income versus capital gain income
Week 5 Reader - Intangibles + the following item
IRC & Regulations (excerpt) on Intangibles [reference]
Week 6 Reader + the following items
IRC & Regulations (267, 453, 1038, 1060, 1091, 1239) [reference]
Form 8594 and Instructions [skim]
Form 6252 (installment sales) [skim]
Week 7 & 8 Reader + the following items
Section 121 regulations (and preambles): TD 9030 and TD 9152
Overview of Section 1031 like-kind exchanges from the IRS + link to Form 8824
IRS Coordinated Issue Paper on Exchange of FCC Licenses (4/07)
Tax Gap Issues
Nellen, Property Transactions of Individuals Can Contribute to the Tax Gap, AICPA Tax Insider, 9/13/07
GAO, Capital Gains Tax Gap (6/06)
GAO, Testimony on Tax Gap (3/07) - page 17 only
California Property Taxes
LAO, California's Tax System: A Primer (4/07) - pages 9, 56-60
BOE Pub 29, California Property Tax: An Overview (9/05) - skim
Professor Annette Nellen January 30, 2011