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The Magic of S Corporations – Tax Alchemy in Reverse

The Magic of S Corporations – Tax Alchemy in Reverse

This was orignially published on PAOO on June 21, 2010. I remember a time when we had an Internal Revenue Code that was almost as old as I was. The Internal Revenue Code of 1954. Thankfully they kept the numbering scheme intact. Back then we had real tax shelters....
Sometimes You Should Just Pay The Taxes

Sometimes You Should Just Pay The Taxes

This was originally published on PAOO on 6/17/10. Note this is the origin of Reilly’s Second Law of Tax Planning. Commercial Real Estate by Nick Youngson CC BY-SA 3.0 Alpha Stock Images PMTA 2010-05 PMTA 2010-05 is a reasonably taxpayer-friendly statement. It...
Steve Martin – Tax Advisor

Steve Martin – Tax Advisor

This was originally published on PAOO on 6/8/10. Private Letter Ruling 201016097 There is a bit that Steve Martin does where he tells you how to make a million dollars and pay no income tax. It’s a very simple plan. First you make one million dollars. Then you pay no...
Saint Patrick’s Day in May

Saint Patrick’s Day in May

This was originally published on PAOO on 5/17/10. This is a true story that happened last week. I’ve changed the names and locations to keep the people involved annonymous though. My friend James was in Jacksonville FL the other night. He was attending a...
Let’s Be Counted Early and Often

Let’s Be Counted Early and Often

This was originally published on PAOO on 3/24/10. So two weeks ago I got a note letting me know the census form is on the way. Nice little bit of excitement. Last week it arrived. More anticipation. They want to know who is living in my place on April 1. They also...