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A Tisket A Tasket – Your Hedge Fund’s in a Basket

A Tisket A Tasket – Your Hedge Fund’s in a Basket

AM 2010-005 This was originally published on PAOO on November 18th, 2010. So today we get to introduce a new acronym. What is an “AM” you ask. Well it is Legal Advice Issued by Associate Chief Counsel. I suppose that doesn’t explain the acronym....
The Powder To Blow It Away

The Powder To Blow It Away

  This was originally published on PAOO on November 14th, 2010. Theodore R. Rolfs, et ux. v. Commissioner, 135 T.C. No. 24 We few, we happy few, we band of brothers — joined in the serious business of keeping our food, shelter, clothing and loved ones from...
Time To Purge The Draft Posts

Time To Purge The Draft Posts

This was originally published on PAOO on November 12th, 2010. In case you have ever wondered what the secret is to having a tax blog with conceivably scores of readers, who rarely click on ads, here is how I do it. Whenever I get a chance I scan all the primary source...
IRS More Liberal Than Tax Court on Home Mortgage Interest

IRS More Liberal Than Tax Court on Home Mortgage Interest

This was originally published on PAOO on November 10th, 2010. Rev. Rul. 2010-25, 2010-44 IRB 571, 10/14/2010 Back under the good old Internal Revenue Code of 1954, interest paid was pretty much deductible. In terms of making life complicated for those not among the...
We Only Wash Losses Here

We Only Wash Losses Here

  This was originally published on PAOO on November 8th, 2010. INFO 2010-0188   I’ve been sitting on this one for a while. It was issued July 27, 2010. It refers to the flash crash of the stock market on May 6 which caused many stop-loss orders to be...