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And Another Purge

This was originally published on PAOO on November 17th, 2010. I was starting to worry about running out of material, but my last ramble through the hottest stuff on RIA indicated that I am well supplied for a while, so I will continue purging those items that I just...

Let The Sun Shine In

This was originally published on PAOO on 11/6/10. Private Letter Ruling 201043023 I’m going to do this as a bonus post because I don’t have the ability to expand on it much. They have figured out a way to make a “curtain wall” of glass where...
Inadvertent Termination

Inadvertent Termination

  This was originally published on  PAOO on November 5th, 2010. Private Letter Ruling 201042010, 10/22/2010 Years ago The Practical Accountant ran a series of cartoons. There would be two guys sitting on a park bench. One appeared to be a distinguished-looking...
Courts and Value Billing

Courts and Value Billing

This was originally published on PAOO on November 3rd, 2010. Canal Corporation and Subsidiaries v. Commissioner, 135 T.C. No. 9 KELLER, ET AL. v. U.S., Cite as 106 AFTR 2d 2010-6343, 09/15/2010 My father was fond of saying you need three things in life – a good...
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...