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Donee Gets Income Tax Deductions for Medical Expenses and Taxes

Donee Gets Income Tax Deductions for Medical Expenses and Taxes

Originally published on Passive Activities and Other Oxymorons on February 16th, 2011.____________________________________________________________________________ Judith F. Lang v. Commissioner, TC Memo 2010-286 From time to time I encounter confused people.  They...
If You Were Wondering _____ Don’t Even Bother to Ask

If You Were Wondering _____ Don’t Even Bother to Ask

Originally published on Passive Activities and Other Oxymorons on February 14th, 2010.____________________________________________________________________________ Rev. Proc. 2011-7, 2011-1 IRB 233 Rev. Proc. 2011-3, 2011-1 IRB 111 If you are thinking about doing a...
From Mercenaries to Mothers Milk

From Mercenaries to Mothers Milk

Originally published on Passive Activities and Other Oxymorons on February 11, 2011.____________________________________________________________________________ Announcement 2011-14 As yesterdays post compared with todays shows tax issues cover the gamut of human...
IRS Memo Muddies the Water for Blackwater Employee

IRS Memo Muddies the Water for Blackwater Employee

Originally published on Passive Activities and Other Oxymorons on February 10, 2011.____________________________________________________________________________ Nathaniel J. Holmes v. Commissioner, TC Memo 2011-26 I have probably over used Dr. Johnson’s...
How to Keep Out of The Penalty Box – RTFI

How to Keep Out of The Penalty Box – RTFI

Originally published on Passive Activities and Other Oxymorons on February 9th, 2011.____________________________________________________________________________ Rev. Proc. 2011-13, 2011-3 IRB, 12/28/2010 Early in each year the IRS will issue two Revenue Procedures. ...