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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...
Devil Is In The Details

Devil Is In The Details

Originally published on PAOO December 29, 2009.   Creative Commons 3 – Alpha Stock Images –  Nick Youngson  In June of 2007, the Estate of Sylvia Gore joined the ranks of failed Family Limited Partnership. The case is worthy of consideration because...
All That Glitters is Not Taxed.  Or is It ?

All That Glitters is Not Taxed. Or is It ?

Originally published on PAOO December 28, 2009.   Given any thought to the tax implications of virtual transactions? I didn’t think so. Do you want some thoughts? If not stop reading. The IRS has not issued any guidance on the tax issues on virtual...