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Group Home Qualifies for 27.5 Year Life

Group Home Qualifies for 27.5 Year Life

Originally published on Passive Activities and Other Oxymorons on January 26th, 2011.____________________________________________________________________________ CCA 201049026 I always thought of group homes as something that would be run on a not for profit basis. ...
So You Want to be an Exempt Organization ?

So You Want to be an Exempt Organization ?

Originally published on Passive Activities and Other Oxymorons on January 24th, 2011.____________________________________________________________________________ Of all the areas I look for material in I find private letter rulings the most challenging.  They tend to...
Take A Walk on the Boardwalk –  Collect a Big Historic Credit

Take A Walk on the Boardwalk – Collect a Big Historic Credit

Originally published on Passive Activities and Other Oxymorons on January 21, 2011.____________________________________________________________________________ Historic Boardwalk Hall, LLC, et al. v. Commissioner, 136 T.C. No. 1 One of the problems with tax incentives...
The Saga Continues

The Saga Continues

Originally published on Passive Activities and Other Oxymorons on January 19th, 2011.____________________________________________________________________________ FIDELITY INTERNATIONAL CURRENCY ADVISOR A FUND, LLC v. U.S., Cite as 106 AFTR 2d 2010-7404, 12/20/2010 The...