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OK 2010 This is Really Goodbye

OK 2010 This is Really Goodbye

Originally published on Passive Activities and Other Oxymorons on February 21st, 2011.____________________________________________________________________________ In  a previous post,  I explained the need for occasional purges of material that does not transform...
Even More About Short Sales

Even More About Short Sales

Originally published on Passive Activities and Other Oxymorons on February 20th, 2011.____________________________________________________________________________ I received a very gratifying email yesterday : We are happily settled in our new home. Thank you for all...
Staying Out of the Dog House

Staying Out of the Dog House

Originally published on Passive Activities and Other Oxymorons on February 18th, 2011.____________________________________________________________________________ CCA 201104037 This was a ruling about whether someone qualified as a “first time” home...
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...