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Short Note on Purging Earnings and Profits

Short Note on Purging Earnings and Profits

This was originally published on September 23rd, 2010. I recently wrote on a strategy for old C corporations with appreciated properties.  The idea is to make an S election and wait out the built-in gains period.  Among the provisions of the Jobs Act which just passed...
OOPS I Should Have Had A LLC

OOPS I Should Have Had A LLC

This was originally published on PAOO on September 22nd, 2010. Randy M. Javorski, et ux. v. Commissioner, TC Summary Opinion 2010-136 I try to cultivate humility.  I have several people who assist me in this most notably my children.  And I do plenty of things to be...
Incentive To Innovate

Incentive To Innovate

This was originally published on September 19th, 2010. I attended the Mass Innovation Night Wednesday  It is a pretty neat event. Neuron Robotics is making a central control unit to use in robot applications.  Another neat start-up was Isabella Products which has a...
Blast From The Past

Blast From The Past

Bank of America Tower Midtown Manhattan – Photo credit -Gdefreitas This was originally published on September 19th, 2010. Tax court summary opinions frequently feature taxpayers bringing fairly lame arguments forward.  Like the couple who managed to log 90,000...
Time to Purge C Corporations

Time to Purge C Corporations

  This was originally published on September 15th, 2010. Generally, this blog addresses specific developments – a tax court decision or a private letter ruling for example – issued in the last few months.  I’m celebrating entity extended due...