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IRS Lactation Intolerant

IRS Lactation Intolerant

This was published on PAOO on January 11, 2010. PLR 200941003 Somebody once told me about a tax attorney who was presented with a question that he found extremely interesting. His comment was “That is an extremely interesting question. I hope we will have a client...
Last Minute Goal by Taxpayers Makes FLP Hockey a Draw for 2009

Last Minute Goal by Taxpayers Makes FLP Hockey a Draw for 2009

Originally published on PAOO on December 31, 2009. The Estate of Samuel Black is another win for taxpayers on the issue of whether interests in family limited partnerships should be valued based on the fair market value of the underlying assets or the partnership...
Cohan Rules

Cohan Rules

  Originally published in PAOO December 30, 2009. Every tax geek who visits New York should be sure to stop at Times Square to pay respects to the founder of one of our great principles – The Cohan Rule.  As a Broadway producer Cohan had to spend lots of...
Read This Before You Bundle Grandma Onto the Plane

Read This Before You Bundle Grandma Onto the Plane

Originally published on PAOO December 30, 2009 just two days before the year without an estate tax.  The end of that year promises to be a trope in many murder mysteries for years to come. I just read in the Wall Street Journal that many people are being kept on life...
Those Pesky 1099s

Those Pesky 1099s

Originally published on PAOO December 29, 2009.   The health care reform bill in the Senate has some provisions that have nothing to do with health, care or reform. They are in there to get some more money coming in. One of them is to eliminate the exception to...