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Real Estate Dealer Or Investor – Can’t Switch At Drop Of Hat

by admin | May 16, 2014 | Tax

Originally published on Forbes.com May 16th, 2014 One of the more challenging questions in income taxation of real estate transactions is whether a taxpayer is a dealer or an investor.There is a simple way to resolve the issue. When you are running losses you are a...

Phelan Decision Showed How To Get Capital Gains Treatment While Engaging In Development Acitvity

by admin | May 15, 2014 | Tax

I wrote this quite a few years ago, but a recent case Boree v Com TC Memo 2014-85 has brought the issue of dealer versus investor to the fore. There will be a piece on Boree on my forbes blog passive activities soon and this provides a supplement. If you want capital...

How Much Of Alimony Tax Gap Is From Gaming The System?

by admin | May 15, 2014 | Tax

Originally published on Forbes.com May 15th, 2014 Here is a real IRS scandal for you. The Treasury Inspector General has identified about $2.3 Billion in income adjustments that are low hanging fruit for the IRS. Most likely the IRS will not pick much of that fruit....

Tax Court Petitions – UPS v USPS – One Letter – Big Difference

by admin | May 15, 2014 | Tax

Originally published on Forbes.com May 15th, 2014 If the IRS says you owe more taxes than you think you do, you have quite a bit of recourse. You know things are really getting serious when you receive a statutory notice of deficiency. That gives you the option of...

Joint Electronic Returns – Check With The Ex Before Hitting Send Button

by admin | May 14, 2014 | Tax

Originally published on Forbes.com May 14th, 2014 Joint returns for the last year of a marriage seem to generate a disproportionate amount of aggravation. The latest story is that of Jason Alan Bruce, who recently represented himself in Tax Court. He was facing a...

Can Somebody Explain Tax Shelters To Thomas Piketty?

by admin | May 13, 2014 | Tax

Originally published on Forbes.com May 13th, 2014 Capital In The Twenty-First Century – The Cliff Notes Unless you have been hiding out somewhere, you have probably heard about Thomas Piketty’s Capital In The Twenty-First Century. If you don’t want...

Real Estate Dealer Or Investor – Can’t Switch At Drop Of Hat

Phelan Decision Showed How To Get Capital Gains Treatment While Engaging In Development Acitvity

How Much Of Alimony Tax Gap Is From Gaming The System?

Tax Court Petitions – UPS v USPS – One Letter – Big Difference

Joint Electronic Returns – Check With The Ex Before Hitting Send Button

Can Somebody Explain Tax Shelters To Thomas Piketty?

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