Most Recent Posts
Major New York Landlord Tripped Up By Like-Kind Exchange Technicality
I think it is rather unfortunate that neither the Tax Court nor the Second Circuit got to the substance of the arguments. What is supposed to happen if you by an undivided interest in real estate and all of a sudden you find yourself a partner in a partnership you did not know existed? Generally speaking you can’t become somebody’s partner without them letting you in and you can’t be drafted into a partnership.
Achieving Financial Health With a Personal Finance App
Today, more and more people are relying on personal finance apps to pay their bills and to keep track of their spending, and for good reason: those apps boast time-saving features that can end up saving you money and put you well on your path to financial freedom. So take time to compare what each app has to offer, and find the best one to help you reach your goals.
Circuits Split On Conservation Easement Perpetuity Regulation – Valuation Remains Critical
Oakbrook thus took the position that the land covered by the easement had appreciated in value by about 700% in a single year during the worst real estate crisis to hit the United States since the Great Depression.
Edward Brown Constitution Ranger – Part II – First Conviction And Ranger Handbook
The Hovinds did not get any of the conspiracy charges that hit the Browns. And oddly, despite a civil liability of over $3.3 million in tax and penalties for the years 1998-2006 there was no charge of evasion under 7201.
Edward Brown Constitution Ranger – Part I – The Appeal
The court concluded that while being elderly is generally a mitigating circumstance for sentencing, that is because it typically reduces a person’s dangerousness and risk of recidivism. But Brown’s history and current statements and behavior belie those statistics in his particular case. As a result, while the judge might well have imposed a lesser sentence at resentencing, it was not unreasonable that he chose not to.
Federal Prosecutors Coming Down Hard On Abusive Conservation Easement Promoters
Syndicated Conservation Easement (SCE) products aren’t produced in vacuums. there are teams of people constructing and assembling a variety of documents that support each fund’s capital raise. In the past, if one of those procedural links failed it was treated independently from the others. What this conspiracy case tells us is moving forward, is that each link infects the link it touches. That the whole chain will be viewed as corrupt.
Innocent Spouse Loss Has Some Valuable Lessons
Robin signed the 2009 return. Robin did not sign the 2010 return. Terry signed Robin’s name to the 2010 return. The tab for tax alone was almost $90,000. The address used on the return was the address of the family business and they did not forward mail to Robin. Robin first learned of the deficiency when California garnished their wages.
US v Harry Stonehill – America’s Jarndyce v Jarndyce
The three Freedom of Information Act (“FOIA”) requests at issue in this case are the most recent chapter in what is now over a half-century’s worth of litigation as Mr. Stonehill, and Ms. Stonehill on behalf of his estate, have sought to uncover the full extent of U.S. government involvement and conduct in those raids and the subsequent litigation.
Low Income Housing Tax Credit – Another Win For The Aggregators
As noted above Alden Torch is moving to exclude evidence purporting to disparage Alden Torch for activities that do not relate to the action. According to the attachment to the motion Palm and HCA were accusing Alden Torch of being part of a “larger, nationwide trend causing peril to the LIHTC program”. In discussing this issue they indicate that “aggregator” in the LIHTC context is pejorative.
Charlie Sheen Income Tax Woes – Things Are Looking Better
If you have spent your life being compliant, in the back of your mind you might think that if you fail to send in the balance due on your return, that within days a team of ninja IRS agents will drop into your backyard and commence auctioning off all your possessions. That is not the way it works.