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Margaret Fuller 2 360x1000
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499
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Amended Return Will Not Shorten Six Year Statute

Amended Return Will Not Shorten Six Year Statute

Originally Published on forbes.com on July 31st, 2011 ______________________________________ As I mentioned in a previous post, I have accumulated quite a few items that I can’t quite work into full length posts, but hate to let go.  This blog is like the baseball...
S Corporation Rental Income Not Passive Except When It Is

S Corporation Rental Income Not Passive Except When It Is

Originally Published on forbes.com on July 31st, 2011 ______________________________________ Private Letter Ruling 201118011 A C corporation is a taxable entity.  Distributions that it makes to its shareholders are also, generally, taxable to them.  People who don’t...

IRS Feels Peace Activist’s Stubborn Ounces

Originally Published on forbes.com on July 30th, 2011 ______________________________________  William Ruhaak  believes that his conscience-based objection to military spending should allow him to not pay the $2,399 in taxes, interest and penalty that he owes for...
Random Round-up

Random Round-up

Originally Published on forbes.com on July 29th, 2011 ______________________________________  I identify quite a few cases and rulings and the like, that seem very interesting when I look at them, but somehow I never seem to be able to work them into full length...
Charitable Acknowledgment Requirement is Absolute

Charitable Acknowledgment Requirement is Absolute

Originally Published on forbes.com on July 29th, 2011 ______________________________________ In compliance matters, there are some things that you cannot emphasize enough.  One of them is that for donations over $250 you need a contemporaneous acknowledgment from the...