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Windfall For “Unmarried’ Couples

Windfall For “Unmarried’ Couples

by | Jul 3, 2010 | Tax

Marcelo Chagas at Pexels This was originally published on PAOO on July 3, 2010. Historic Note – This is my very first post on the topic of same-sex couples.  It ended up being a long story arc, but it did ultimately resolve when DOMA was declared...
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...