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Debit by the Window – Credit out the Window

Debit by the Window – Credit out the Window

This was originally published on October 18th, 2010 on PAOO. KRAUSE v. U.S., Cite as 106 AFTR 2d 2010-5382, 10/12/2010 There is an old joke about a CPA who used to come to work every day, open his desk drawer and look at a slip of paper.  After he retired someone...
Welcome to the Sausage Factory – RTFI

Welcome to the Sausage Factory – RTFI

  This was originally published on October 15th. 2010. It’s always a disappointment to me when something I get excited about turns out to be old news.  Such was the case with Fidelity International Currency which was the topic of Wednesday’s post. ...
It’s Over

It’s Over

This was originally published on PAOO October 13th, 2010. FIDELITY INTERNATIONAL CURRENCY ADVISOR A FUND, LLC, by the Tax Matters Partner, Plaintiff, v. UNITED STATES of AMERICA, Defendant. For some time, I have been of the belief that the Tax Reform Act of 1986...
Sauce for the Goose

Sauce for the Goose

This was originally published on October 11th, 2010. Donald J. Byk v. Commissioner, TC Summary Opinion 2010-137 Some things are disturbing.  Other things are heartening.  Occasionally I encounter something that is both.  Such is the case of Donald J. Byk.  Tax court...
They Also Serve

They Also Serve

This was originally published on PAOO October 8th, 2010. James F. Moss, et ux. v. Commissioner, 135 T.C. No. 18, Code Sec(s) 469; 6662. God doth not need Either man’s work or his own gifts. Who best Bear his mild yoke, they serve him best. His state Is kingly:...