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Time to Purge C Corporations

Time to Purge C Corporations

  This was originally published on September 15th, 2010. Generally, this blog addresses specific developments – a tax court decision or a private letter ruling for example – issued in the last few months.  I’m celebrating entity extended due...

Have Some Free Insurance – Not

This was originally published on PAOO on September 13th, 2010. Previously I have waxed, eloquently (at least by my lights). on the tax advantages of life insurance.  The build-up in value is tax-deferred and if it is realized by the death of the insured, it is...
IRS Declines Rubbing Salt in The Wound

IRS Declines Rubbing Salt in The Wound

Originally published on PAOO. It’s getting a little stale, so I think I should post now on Rev Proc 2010-14 (issued March 5, 2010) or forever hold this piece.  Although it is a taxpayer-favorable ruling, its recipients are probably not dancing in the streets. ...
Deemed Partnership

Deemed Partnership

  This was originally published on PAOO. The case of Holdner v Com TCM 2010-175 is giving me pause.  When I read what William Holdner and his son Randal achieved over the years in business  I am very impressed.  Mr. Holnder seems a much sharper businessman than I...
Real estate election relief

Real estate election relief

This was originally published on PAOO on September 6th, 2010. When I titled this blog Passive Activities and Other Oxymorons, it was by no means, because I intended to write only on the passive activity loss rules.  If I was going to totally devote myself to one tax...
Pigs Get Fed

Pigs Get Fed

Photo credit Oscar Roberto Martinez Lopez. This was originally published on PAOO on September 3rd, 2010. You can see in this post some of the early development of Reilly’s Laws of Tax Planning. I’ve been struggling with the title for this particular post. ...