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    Vol. 26 No. 4 - Summer 2007

     

    Taxation

    NewsQuarterly, Vol. 26 No. 4

    ABA Section of Taxation

    Until August 2015, the NewsQuarterly was published quarterly to report on developments pertaining to taxation, Section news and meeting updates, and other information of professional interest to Tax Section members. In fall 2015, the NewsQuarterly was renamed ABA Tax Times. ABA Tax Times is a digital-only publication. Like the NewsQuarterly, ABA Tax Times reports on tax developments and Section news, and its enhanced format includes links to cited source material and other information, as well as audio and video clips for related content.

    From the Chair

    From the Chair-Elect

    Distinguished Service Award

    Taxation

    2007 Distinguished Service Award Recipient: Loretta Collins Argrett

    Richard A. Shaw

    The Section of Taxation is pleased to honor Loretta Collins Argrett as our 2007 recipient of the Section’s Distinguished Service Award in recognition of her lifetime achievements and contributions to the Tax Section and to the tax profession. Ms. Argrett stands out not only for her excellence and skills as a practicing tax lawyer and professor, but also as a champion for the highest standards of ethics in the legal profession. ...

    Interview

    Opinion Point

    Points to Remember

    Taxation

    Final Portfolio Interest Regulations Re: Loans from Partnerships and Trusts and Other Recent Portfolio Interest Developments

    Nancy M. Beckner

    Interest from U.S. sources received by a nonresident alien or foreign corporation is generally subject to a flat 30% tax to the extent the interest is not effectively connected with the conduct of a trade or business within the United States; an applicable income tax treaty may reduce or eliminate the 30% tax. Sections 871(a)(1)(A) or 881(a)(1). ...

    Taxation

    Independent In-house Tax Professionals Take Note: The IRS Office of Professional Responsibility Can Now Impose Monetary Penalties for Misconduct

    Kevin E. Thorn

    On April 24, 2007, the Service released Notice 2007-39, 2007-20 I.R.B. 1243 (May 14, 2007), which provides guidance to the Service’s Office of Professional Responsibility in exercising its authority to impose monetary penalties for practitioner misconduct. This authority is granted by section 822 of the American Jobs Creation Act of 2004...

    News Briefs

    Boxscore

    Tax Bites