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IRS To Stop Lousing Up Short Sales

IRS To Stop Lousing Up Short Sales

PMTA 2010-058 This was originally published on PAOO on November 29th, 2010. For the latest on this see my follow-up post When I was a kid, my father worked on Wall Street. He was a Senior Order Clerk. I’m not sure whether his job still exists. It was not...
Another Round of Miscellany

Another Round of Miscellany

This was originally published on PAOO on November 29th, 2010. Original source documents appear in RIA and beg to be shared with my vast readership, Repeatedly they are pulled up and labored on. Time passes and more interesting matters easily transform themselves into...
Smart Grid Experiment Participants Qualify For Income Exclusion

Smart Grid Experiment Participants Qualify For Income Exclusion

Private Letter Ruling 201046013, 11/19/2010 This was originally published on PAOO on November 27th, 2010. This merits a brief bonus post. A utility company is engaging in a controlled experiment to determine the effectiveness of a variety of energy saving techniques....
Think Before Filing Joint Returns

Think Before Filing Joint Returns

Eileen L. Pugsley v. Commissioner, TC Memo 2010-255 This was originally published on PAOO on November 26th, 2010. I’ve written before on not reflexively filing joint returns. This case may be a particularly good illustration of the point. It is also one of those...
Does Cohan Still Rule ?

Does Cohan Still Rule ?

This was originally published on PAOO on November 24th, 2010. COHAN v. COMMISSIONER OF INTERNAL REVENUE, Cite as 8 AFTR 10552, 03/03/1930   If you have been here before you might note that a case from 1930 does not quite qualify as a recent development. I was in...