Samuel Johnson 360x1000
11albion
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3confidencegames
6confidencegames
2theleastofus
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199
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299
8albion'
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499
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11632
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399
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S Corporation Rental Income Not Passive Except When It Is

S Corporation Rental Income Not Passive Except When It Is

Originally Published on forbes.com on July 31st, 2011 ______________________________________ Private Letter Ruling 201118011 A C corporation is a taxable entity.  Distributions that it makes to its shareholders are also, generally, taxable to them.  People who don’t...

IRS Feels Peace Activist’s Stubborn Ounces

Originally Published on forbes.com on July 30th, 2011 ______________________________________  William Ruhaak  believes that his conscience-based objection to military spending should allow him to not pay the $2,399 in taxes, interest and penalty that he owes for...
Random Round-up

Random Round-up

Originally Published on forbes.com on July 29th, 2011 ______________________________________  I identify quite a few cases and rulings and the like, that seem very interesting when I look at them, but somehow I never seem to be able to work them into full length...
Charitable Acknowledgment Requirement is Absolute

Charitable Acknowledgment Requirement is Absolute

Originally Published on forbes.com on July 29th, 2011 ______________________________________ In compliance matters, there are some things that you cannot emphasize enough.  One of them is that for donations over $250 you need a contemporaneous acknowledgment from the...
Thomas More Law Center Appeals Obamacare To Supreme Court

Thomas More Law Center Appeals Obamacare To Supreme Court

Originally Published on forbes.com on July 28th, 2011 ______________________________________ Earlier this month I reported on the decision in the suit by Thomas More Law Center against the Patient Protection and Affordable Care Act, which is derisively referred to as...
Covenant Not To Compete – Not Good for Seller or Buyer

Covenant Not To Compete – Not Good for Seller or Buyer

Originally Published on forbes.com on July 28th, 2011 ______________________________________ I used to really like the word “covenant”.  It had a certain majestic ring to it.  Then Congress enacted Code Section 197 and I stopped liking it so much, particularly when it...