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I.

DEALER TAX WATCH

INDEX OF ARTICLES: JUNE, 1994 - DECEMBER, 2009

PAGE 23

ACCOUNTING & TAX ISSUES (continued)

PRODUCER OWNED REINSURANCE COMPANIES (PORCs) - INCLUDING VEHICLE SERVICE CONTRACTS (VSCs) (continued)

The IRS Broadens its Attack on Tax Shelters to Include Dealer PORCs … Notice 2002-70.. December, 2002.........pg. 4

IRS Recent Activity Against (Abusive) Tax Shelters* ... At a Glance … Putting Notice 2002-70 into Perspective

..............................................December, 2002.........pg. 6 ..............................................December, 2002.........pg. 8

Full Text of Notice 2002-70 & IRS Outline Notes .......................................................December, 2002.........pg. 10

Industry Insider: Background, Update & Conclusions About Abusive Tax Shelters ...December, 2002 Disclosure Statements in Income Tax Returns for Reportable or Listed Transactions* “Old” & “New” Reg. Sec. 6011-4T Requirements..................................................December, 2002

.........pg. 14

.........pg. 18

Disclosure Statements … Form & Content............................................................ Tax Return Instructions for Tax Shelter Disclosure Statements ............................ One-Size-Fits-All (?) Disclosure Statement … Reg. Sec. 6011-4T/Form 8886 .PG Checklist for Evaluating PORC Exposure to IRS Attack..................................... PG Dealers Can’t Have Fast Write-Off of Premiums Paid for Vehicle Service Contract

..December, 2002.........pg. 22 ..December, 2002.........pg. 23 ..December, 2002.........pg. 24 ..December, 2002.........pg. 26

Insurance ... Appeals Court Upholds Tax Court in Bob Wondries Motors, Inc. ......... Dealer Reinsurance Company Arrangements … Favorable Developments ..................... Dealers Can’t Have Fast Write-Off of Premiums Paid for

..December, 2001.........pg. 24 ..June, 2001..................pg. 2

Vehicle Service Contract Insurance … IRS Prevails Again in Toyota Town, Inc. .... 1999 AICPA Auto Dealership Conf. IRS MVTA Update Comments on PORCs*.......... Dealer Off-Shore Reinsurance Arrangements Get Some Favorable Guidance

..June, 2000..................pg. 14 ..December, 1999.........pg. 8

From LTR 199924001, FSA 1999-953 & ITA 199932007 ........................................ Appeals Court Upholds Immediate Tax on Rameau Johnson’s Service Contract Sales,

..September, 1999 ........pg. 17

But Allows Immediate Deduction for Matching Costs ............................................... Issues & Holdings in Rameau Johnson ................................................................. VSCs, Dealer Obligors & the Service Warranty Income Method (SWIM)......................

How the SWIM Method Works: Rev. Proc. 97-38 .................................................... Checklist for VSC Issues & Problem Areas .............................................................. PG PORCs: More Attractive After TRA ‘97 ......................................................................... VSCs, Rev. Procs. 97-37 & 38, and the SWIM Method .................................................. Advances from Offshore PORC to Dealer Are Taxable Dividends - W. F. McCurley * . Dealers Using Escrow Funds for VSCs Can’t Avoid Full Tax on Proceeds

..September, 1999 ........pg. 6 ..September, 1999 ........pg. 7 ..September, 1999 ........pg. 10 ..September, 1999 ........pg. 12 ..September, 1999 ........pg. 14

.. March, 1998

...............pg. 16

..September, 1997 ........pg. 6 ..September, 1997 ........pg. 30

in Year of Sale…Rameau Johnson ............................................................................. What the Tax Court Said in Rameau Johnson ....................................................... VSC-PORC Conference Report........................................................................................

..September, 1997 ........pg. 15 ..September, 1997 ........pg. 23 ..September, 1997 ........pg. 26

PORCs: Current Hot and Emerging Tax Issues.................................................................December, 1996.........pg. 9

PORC Conference: Oink … Oink *

..................................................................................September, 1996 ........pg. 10

Money on the Table … A PORC Primer Resource............... Hinshaw’s, Inc. - Tax Treatment of VSCs … LTR 9417028

..............................................March, 1996...............pg. 3 .............................................September, 1994 ........pg. 22

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