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Court Of Claims Cuts No Slack On Filing Deadline

Court Of Claims Cuts No Slack On Filing Deadline

Originally published on Forbes.com July 17th, 2013 If you disagree with the IRS when they tell you that you should pay more tax, there are two approaches once you are done appealing within the IRS.  You can file a petition with the Tax Court.  There is a pretty tight...

Toxic Combination Day Trading And Failure To File A Tax Return

Originally published on Forbes.com July 17th, 2013 If you fail to file a tax return, you may find that after a while the IRS will prepare one for you.  You may not like their computations and think that you could have done a better job yourself.  It may, however, be...

Fee Interest In Motels Not Like-kind To Leasehold

Originally published on Forbes.com July 16th, 2013 Awesome man.  Two like-kind exchange (Code Section 1031) posts in the same week.  My cup runneth over.  Unlike CCA 201325011, the Tax Court decision in VIP’s Industries, Inc. is not a happy one for taxpayers. ...
Side Agreement Voids Easement Charitable Deduction

Side Agreement Voids Easement Charitable Deduction

Originally published on Forbes.com July 15th, 2013 If you have property that you would like to be preserved, either for conservation or historic purposes, there is nothing so close to a free lunch as the donation of an easement.  You may be entitled to a charitable...
Chief Counsel Goes Easy On 1031 Debt Paydown

Chief Counsel Goes Easy On 1031 Debt Paydown

Originally published on Forbes.com July 15th, 2013 Every once in a while the IRS reacts to an issue in a surprisingly easy going manner .  That is how CCA 201325011, which concerns debt pay-downs of property involved in  like-kind exchanges (Code Section 1031) strikes...