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Military Housing Allowance Much More Limited Than Clergy’s

Military Housing Allowance Much More Limited Than Clergy’s

Originally published on Forbes.com June 30th, 2014 In November of 2013, Judge Barbara Crabb declared that Code Section 107(2), which allows payments of housing allowances to “ministers of the gospel” to be free of income tax, unconstitutional.  Whatever...
Facade Easement Valuation Cannot Be Percentage Rule Of Thumb

Facade Easement Valuation Cannot Be Percentage Rule Of Thumb

Originally published on Forbes.com June 25th, 2014 The idea that you can use a simple rule of thumb to value a facade easement has now been thoroughly put to rest.  That is my reading of the Second Circuit’s second decision in the case of Huda Scheidelman.  Ms....
Step Kids Remain Step Kids After Divorce

Step Kids Remain Step Kids After Divorce

Originally published on Forbes.com June 23rd, 2014 Does divorcing your spouse divorce you from your stepchildren? Well, it turns out that for the “relationship” piece of the dependency exemption it does not.  The Tax Court was able to use that rule to cut...