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More On Lien Releases

More On Lien Releases

Originally published on Passive Activities and Other Oxymorons on December 4, 2010. IRSIG SBSE-05-1010-054 My Monday post on PMTA 2010-058 seems to have been my first scoop. It concerns the IRS position on aspects of releasing liens to facilitate short sales. The idea...
PAOO Greatest Hits

PAOO Greatest Hits

Originally published on Passive Activities and Other Oxymorons on December 2, 2010 I started this blog on December 28, 2009. I seeded it with a couple of unpublished articles I had written. One was of some practical import on the necessity for scrupulous transaction...
Booth Rental Upheld As Valid Independent Contractor Strategy

Booth Rental Upheld As Valid Independent Contractor Strategy

Originally published on Passive Activities and Other Oxymorons on December 1, 2010 Cheryl A. Mayfield Therapy Center, et al. v. Commissioner, TC Memo 2010-239 I sometimes come up with little rules of thumb to answer fairly complicated questions. One is the...
IRS To Stop Lousing Up Short Sales

IRS To Stop Lousing Up Short Sales

PMTA 2010-058 This was originally published on PAOO on November 29th, 2010. For the latest on this see my follow-up post When I was a kid, my father worked on Wall Street. He was a Senior Order Clerk. I’m not sure whether his job still exists. It was not...
Another Round of Miscellany

Another Round of Miscellany

This was originally published on PAOO on November 29th, 2010. Original source documents appear in RIA and beg to be shared with my vast readership, Repeatedly they are pulled up and labored on. Time passes and more interesting matters easily transform themselves into...
Smart Grid Experiment Participants Qualify For Income Exclusion

Smart Grid Experiment Participants Qualify For Income Exclusion

Private Letter Ruling 201046013, 11/19/2010 This was originally published on PAOO on November 27th, 2010. This merits a brief bonus post. A utility company is engaging in a controlled experiment to determine the effectiveness of a variety of energy saving techniques....