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To Keep Your Story Straight You Need to Know What it Needs to Be

To Keep Your Story Straight You Need to Know What it Needs to Be

Originally published on Passive Activities and Other Oxymorons on May 27th, 2011. ____________________________________________________________________________ Yusufu Y. Anyika, et ux. v. Commissioner, TC Memo 2011-69 After the introduction of the at-risk rules, real...
How to Screw Up an Easement Deduction

How to Screw Up an Easement Deduction

Originally published on Passive Activities and Other Oxymorons on May 26th, 2011. ____________________________________________________________________________ Randall A. Schrimsher, et ux. v. Commissioner, TC Memo 2011-071 Boltar, L.L.C., et al. v. Commissioner, 136...
Faster Basis Recovery Allowed When Earn-out Payments Unlikely

Faster Basis Recovery Allowed When Earn-out Payments Unlikely

Originally published on Passive Activities and Other Oxymorons on May 25th, 2011. ____________________________________________________________________________ Private Letter Ruling 201111002 There are some deal concepts that drive me crazy.  One of them is...
From The Boston Tax Institute

From The Boston Tax Institute

Originally published on Passive Activities and Other Oxymorons on May 24th, 2011. ____________________________________________________________________________ Boston Tax Alert 2011-19, 2011-20, 2011-21 Lu Gauthier of The Boston Tax Institute has given me permission to...

Assignment of Refund

Originally published on Passive Activities and Other Oxymorons on May 23rd, 2011. ____________________________________________________________________________ CCA 201111005 This CCA provides a bit of a cautionary note for contracts involving the sale of most of the...

How Forgiven Debt Begets Tax Issues

  Originally published on Passive Activities and Other Oxymorons on May 23rd, 2011. ____________________________________________________________________________ I’ve been searching for guest bloggers, but this one found me. Angela Sanders is affiliated with...