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Time to Face the Music

Time to Face the Music

This was originally published on PAOO on November 1st, 2010. Ramesh J. Bosamia, et ux. v. Commissioner, TC Memo 2010-218 The tax law tolerates some significant asymmetrical results. For example, if you make a charitable contribution of appreciated property, you get to...
What’s It Worth To Say Your Wine is From Long Island ?

What’s It Worth To Say Your Wine is From Long Island ?

This was originally published on October 29th, 2010. CCA 201040004 One of the greatest sources of tax controversy is whether something is depreciable (in the case of intangible assets we say amortizable.)  Land is one of the primary examples of non-depreciable...
Chief Counsel Reiterates Dependency Option for Same Sex Couples

Chief Counsel Reiterates Dependency Option for Same Sex Couples

CCA 201040012 This was originally published on October 29th, 2010. I am always on the lookout for anything that might be relevant for my mythical clients Robin and Terry, a couple of indeterminate gender and marital status, whose role in life is to help me avoid...
You Should Wear Shoes in Tax Court But Don’t Bring the Box

You Should Wear Shoes in Tax Court But Don’t Bring the Box

This was originally published on October 27th, 2010. Thomas F. Hale v. Commissioner, TC Memo 2010-229 Over 500 years ago Fra Luca Bartolomeo de Pacioli published a textbook Summa de arithmetica, geometria, proportioni et proportionalita.  Included in the textbook was...