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Nothing From Nothing Is Nothing

Nothing From Nothing Is Nothing

Originally published on Passive Activities and Other Oxymorons on December 6, 2010. CCA 201047021 This one is of somewhat limited interest and difficult to bring to any length so I’m making it a bonus post.  When someone dies their tax carryovers, capital loss...
Tax Business Not For Everybody

Tax Business Not For Everybody

Originally published on Passive Activities and Other Oxymorons on December 6, 2010. ___________________________________________________________________________ U.S. v. FOSTER, Cite as 106 AFTR 2d 2010-7134, 11/23/2010 I just wrote on a couple of tax preparers who have...
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 I seeded it with a couple of unpublished articles I had written.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...