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Breaking Up is Hard to Do

Breaking Up is Hard to Do

by | Jun 27, 2010 | Tax

This was originally published on PAOO June 27, 2010. Gratisography at Pexels There are quite a few developments in the last few months I am hoping to spout about, but I am going to skip straight to PLR 201024005. The situation is not a common one, but it is a good...
The Magic of S Corporations – Tax Alchemy in Reverse

The Magic of S Corporations – Tax Alchemy in Reverse

by | Jun 21, 2010 | Tax

This was orignially published on PAOO on June 21, 2010. I remember a time when we had an Internal Revenue Code that was almost as old as I was. The Internal Revenue Code of 1954. Thankfully they kept the numbering scheme intact. Back then we had real tax shelters....
Sometimes You Should Just Pay The Taxes

Sometimes You Should Just Pay The Taxes

by | Jun 17, 2010 | Tax

This was originally published on PAOO on 6/17/10. Note this is the origin of Reilly’s Second Law of Tax Planning. Commercial Real Estate by Nick Youngson CC BY-SA 3.0 Alpha Stock Images PMTA 2010-05 PMTA 2010-05 is a reasonably taxpayer-friendly statement. It...
Steve Martin – Tax Advisor

Steve Martin – Tax Advisor

by | Jun 8, 2010 | Tax

This was originally published on PAOO on 6/8/10. Private Letter Ruling 201016097 There is a bit that Steve Martin does where he tells you how to make a million dollars and pay no income tax. It’s a very simple plan. First you make one million dollars. Then you pay no...
Let’s Be Counted Early and Often

Let’s Be Counted Early and Often

by | Mar 24, 2010 | History, Tax

This was originally published on PAOO on 3/24/10. So two weeks ago I got a note letting me know the census form is on the way. Nice little bit of excitement. Last week it arrived. More anticipation. They want to know who is living in my place on April 1. They also...
IRS Lactation Intolerant

IRS Lactation Intolerant

by | Jan 11, 2010 | Tax

This was published on PAOO on January 11, 2010. PLR 200941003 Somebody once told me about a tax attorney who was presented with a question that he found extremely interesting. His comment was “That is an extremely interesting question. I hope we will have a client...