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S Corp Rental

S Corp Rental

Originally published on Passive Activities and Other Oxymorons on January 28th, 2011.____________________________________________________________________________ Private Letter Ruling 201050002 There must have been a time when it was a good idea to have real estate in...
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...