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Sometimes You Need to Burn First

Sometimes You Need to Burn First

Originally published on Passive Activities and Other Oxymorons on March 7th, 2011. ____________________________________________________________________________ LINTON v. U.S., Cite as 107 AFTR 2d 2011-565, 01/21/2011 One of my earliest blog posts, mentioned the...
It’s OK To Tell Them Why You Want Them to Hold Your Money

It’s OK To Tell Them Why You Want Them to Hold Your Money

Originally published on Passive Activities and Other Oxymorons on March 4th, 2011. ____________________________________________________________________________ Ralph E. Crandall, Jr., et al. v. Commissioner, TC Summary Opinion 2011-14  This case really mystifies me. ...
Amended Returns Due to DOMA Case – What Needs to be Done

Amended Returns Due to DOMA Case – What Needs to be Done

Originally published on Passive Activities and Other Oxymorons on February 27th, 2011. ____________________________________________________________________________ This blog is my blog so I make the rules and get to decide when I’m going to break them.  One of...
DOMA Unconstitutional – Practical Tips

DOMA Unconstitutional – Practical Tips

Originally published on Passive Activities and Other Oxymorons on February 24th, 2011.____________________________________________________________________________ In a quick bonus post yesterday I noted that the Obama administration has decided to no longer defend the...
Through The Hoops

Through The Hoops

Update The Tax Cuts and Jobs Act has added a new hoop.  It conveniently comes at the end.  Code Section 461(l) disallows excess business losses, Here is an example form RIA  In 2018, T, a single taxpayer, has deductions of $500,000 from a business. T’s gross...