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City Taxes Trip Up Investment Advisor Restructuring

  Originally published on Forbes.com July 7th, 2014 Tocqueville Asset Management LP TAM got a nasty surprise when it took some steps to streamline an overly complicated ownership compensation scheme.  For 2005 over $10,000,000 in compensation deductions were...

Appeals Court Approves Michael Dell’s Proposition 13 Dodge

  Originally published on Forbes.com July 1st, 2014 The Court of Appeals of the State of California Second Appellate has given its blessing to a Superior Court decision approving billionaire Michael Dell’s avoidance of a reassessment from his acquisition of...
Military Housing Allowance Much More Limited Than Clergy’s

Military Housing Allowance Much More Limited Than Clergy’s

Originally published on Forbes.com June 30th, 2014 In November of 2013, Judge Barbara Crabb declared that Code Section 107(2), which allows payments of housing allowances to “ministers of the gospel” to be free of income tax, unconstitutional.  Whatever...
Facade Easement Valuation Cannot Be Percentage Rule Of Thumb

Facade Easement Valuation Cannot Be Percentage Rule Of Thumb

Originally published on Forbes.com June 25th, 2014 The idea that you can use a simple rule of thumb to value a facade easement has now been thoroughly put to rest.  That is my reading of the Second Circuit’s second decision in the case of Huda Scheidelman.  Ms....