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IRS Disses Doggie Diplomas and Other Developments

IRS Disses Doggie Diplomas and Other Developments

Originally published on Passive Activities and Other Oxymorons on June 22nd, 2011. ____________________________________________________________________________ FISHER v. U.S., Cite as 107 AFTR 2d 2011-XXXX, 04/19/2011 There has already been a partial decision in this...
Tax Rate of 131% ? – It Can Happen

Tax Rate of 131% ? – It Can Happen

Originally published on Passive Activities and Other Oxymorons on June 20th, 2011. ____________________________________________________________________________ Kevin L. Sherar, et ux. v. Commissioner, TC Summary Opinion 2011-44 I didn’t know there was a way for...
Selling Soap as a Hobby – Amway IBO’s in Tax Court

Selling Soap as a Hobby – Amway IBO’s in Tax Court

Originally published on Passive Activities and Other Oxymorons on June 15th, 2011. ____________________________________________________________________________ Roger S. Campbell, et ux. v. Commissioner, TC Memo 2011-42 The Amway distributorship system is well known to...
Ignore Those Bad Idea Bears-IRA Not a Good Bridge Loan Source

Ignore Those Bad Idea Bears-IRA Not a Good Bridge Loan Source

Originally published on Passive Activities and Other Oxymorons on June 15th, 2011. Private Letter Ruling 201118025 Private Letter Ruling 201116044 Private Letter Ruling 201116040 Private Letter Ruling 201117046 My friend suggested we get a series of tickets to plays...
From the Boston Tax Institute

From the Boston Tax Institute

Originally published on Passive Activities and Other Oxymorons on June 14th, 2011. ____________________________________________________________________________ Boston Tax Alert 2011-30,2011-31, 2011-32 Lu Gauthier of The Boston Tax Institute has given me permission to...
A Ruling on Fraud and Some Innocent Spouse Cases

A Ruling on Fraud and Some Innocent Spouse Cases

Originally published on Passive Activities and Other Oxymorons on June 13th, 2011. ____________________________________________________________________________ Private Letter Ruling 201114005 LLC was qualified investor for purposes of claiming theft loss deduction...