Home
Up
DTW Index
DTW Page Ones
6/05 Sec 62(c) Issue
BHPH Compilation
Dealer Tax Compilation

Dealer Tax Watch

    The Dealer Tax Watch is a unique periodic publication that updates auto dealers and their CPAs on current IRS tax rulings, audit developments, court decisions, administrative pronouncements and other essential information that affect auto dealers and their dealerships. 

    Auto dealership industry and practitioner conferences, other dealer-oriented reference materials and new industry consultant service providers are occasionally featured to keep readers abreast of the resources available to them.    

    Where appropriate, cases and other materials selected are framed by planning suggestions and/or cautionary practice considerations.  Although intended to provide accurate, general information on tax matters, it should not be construed as offering accounting or legal advice or accounting or legal opinion on any specific facts or circumstances.  

    Twice-a-Year Updates.  Beginning in 2008, an annual subscription will consist of a mid-year update issue of the Dealer Tax Watch and a year-end issue.  These comprehensive mid-year and year-end issues summarize, analyze and comment on developments of significant interest and importance to CPAs serving automobile dealerships.  This twice-a-year format replaces the quarterly issue format that the Dealer Tax Watch previously followed from 1994 through 2007. 

    As in the past, primary sources for these mid-year and year-end issues of the Dealer Tax Watch will include U.S. Tax Court and other court income tax decisions, IRS Revenue Rulings, Revenue Procedures, Letter Rulings, IRS Field Service Advice, Coordinated Issue Papers, IRS Audit Guides and other IRS guidance and training materials.  These and other sources are analyzed, interpreted and often accompanied by Practice Guides and At a Glance summaries that readers can readily apply in their practices.

    The annual subscription cost for these two issues of the Dealer Tax Watch is $520 ($475 + a shipping & handling fee of $45).  For more information or to subscribe, please click here or e-mail us indicating your interest in subscribing to the Dealer Tax Watch.

    Special Edition Issues. Whenever a major development occurs that warrants treatment as a separate seminar subject, that development will be the subject of a “Special Edition” issue of the Dealer Tax Watch.  The frequency of these issues cannot be predicted, however, they will contain all of the materials developed for a major seminar presentation. 

    These Special Editions will be separately priced and offered.  In other words, the Special Edition issues are not included as part of the annual subscription cost. 

    The IRS’ recent issuance of Revenue Procedure 2008-23 is a good example of a major or landmark development warranting such “Special Edition” treatment in our publications.  This major development followed years of “consideration” by the IRS and it now allows auto dealerships to use a single, combined pool for LIFO purposes. 

    This Revenue Procedure was the subject of a separate audio seminar presentation that Mr. De Filipps gave on April 24, 2008.  Additional comprehensive materials, case studies and Forms 970/3115 proformas were developed and included in a 60-page Special Edition of the LIFO Lookout. 

    It is anticipated that the Dealer Tax Watch will afford similar treatment to other major IRS pronouncements - if they have precedential value.  One example might be in the area of Section 263A inventory cost capitalization … This has been a major area of concern, debate and audit activity for several years.  To date, despite promises to do so, the IRS has failed to issue anything comprehensive or precedential.   However, when the Service does provide “guidance,” that guidance will be addressed in a Special Edition of the Dealer Tax Watch.

    Other Related Information.  A transitional adjustment for this change in publication terms has been made with current subscribers who had prepaid their 2008 subscriptions. 

    Back issues are available for $80 each.  Please note that you cannot purchase the current issue of this publication (i.e., the most recently published issue) as a "back issue," nor can you purchase a Special Edition issue at the $80 back issue price. 

    A comprehensive cross-referenced index of all articles through December, 2007 is available online.  (The first issue was published in June 1994.)    

*       *       *

     Our Dealer Tax Watch subscription terms and renewals occur on a calendar year basis.  The annual subscription cost for the comprehensive mid-year and year-end issues of the Dealer Tax Watch is $520 ($475 + a shipping & handling fee of $45).

     Back issues are available for $80 each.  Please note that you cannot purchase the current issue of this publication (i.e., the most recently published issue) as a "back issue," nor can you purchase a Special Edition issue at the $80 back issue price.  Please click here for more information.

   Disclaimer:  Although intended to provide accurate, general information on dealer tax matters and issues, the Dealer Tax Watch should not be construed as offering accounting or legal advice or accounting or legal opinion on any specific facts or circumstances.