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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...
Does Sixth Circuit ABC Decision Give Tenants Incentive To Buy?

Does Sixth Circuit ABC Decision Give Tenants Incentive To Buy?

Originally published on Forbes.com June 19th, 2014 The ABC Beverage Corporation makes and distributes soft drinks for Dr. Pepper Snapple Group.  It was subject to an onerous lease on its bottling plant in Hazelwood, Missouri.  So the company decided to buy the...
Cocaine Ponzi Schemes And Tax Prep – Not A Good Mix

Cocaine Ponzi Schemes And Tax Prep – Not A Good Mix

Originally published on Forbes.com June 18th, 2014 Here’s a tip if you are seeking to get started as a tax preparer.  Don’t go to work for somebody who also distributes cocaine and runs a Ponzi scheme. That is probably the real reason that Frances Carlson...