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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...
If Money Comes Out Of Plan Somebody Has To Pay

If Money Comes Out Of Plan Somebody Has To Pay

Originally published on Forbes.com June 29th, 2013 The Tax Court decision in the case of Martin Toombs has one of those “What were they thinking ?” stories behind it.  When a couple divides up their assets in a divorce, there is a third unseen party at the...
DOMA Decision May Affect Civil Unions

DOMA Decision May Affect Civil Unions

Originally published on Forbes.com June 27th, 2013 You probably will not have to look very far to find many more comments like this one on Dailykos: I am so happy for my LGBT friends who now have their marriages recognized by the federal government. I wish I could...