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Ripped From the Headlines

Ripped From the Headlines

D.N. v. U.S., Cite as 106 AFTR 2d 2010-7126, 11/22/2010 The thing about my profession is that you can take the most tragic set of circumstances and see it as an opportunity for tax savings.  D.N is a minor child who is receiving his deceased father’s 401(k). ...
Nothing From Nothing Is Nothing

Nothing From Nothing Is Nothing

Originally published on Passive Activities and Other Oxymorons on December 6, 2010. CCA 201047021 This one is of somewhat limited interest and difficult to bring to any length so I’m making it a bonus post.  When someone dies their tax carryovers, capital loss...
Tax Business Not For Everybody

Tax Business Not For Everybody

Originally published on Passive Activities and Other Oxymorons on December 6, 2010. ___________________________________________________________________________ U.S. v. FOSTER, Cite as 106 AFTR 2d 2010-7134, 11/23/2010 I just wrote on a couple of tax preparers who have...
More On Lien Releases

More On Lien Releases

Originally published on Passive Activities and Other Oxymorons on December 4, 2010. IRSIG SBSE-05-1010-054 My Monday post on PMTA 2010-058 seems to have been my first scoop. It concerns the IRS position on aspects of releasing liens to facilitate short sales. The idea...