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Six Year Statute on Basis Overstatement – Another Circuit Heard From
Originally published on Passive Activities and Other Oxymorons on June 1st, 2011. ____________________________________________________________________________ SALMAN...
Seven Year Itch ?
Originally published on Passive Activities and Other Oxymorons on June 1st, 2011. ____________________________________________________________________________ John...
From The Boston Tax Institute
Originally published on Passive Activities and Other Oxymorons on May 31st, 2011. ____________________________________________________________________________ Boston...
Having Your Cake and Eating it Too
Originally published on Passive Activities and Other Oxymorons on May 30th, 2011. ____________________________________________________________________________ Larry E....
Is Print Material Worth the Paper it is Printed On Anymore ?
Originally published on Passive Activities and Other Oxymorons on May 2nd, 2011. ____________________________________________________________________________ Revenue...
LGBT Advocacy Organization Denied Exempt Status
Private Letter Ruling 201120036 Nothing like a slightly sensational headline to grab their interest. This is probably not the work of the vast right wing conspiracy. ...
LGBT Advocacy Organization Denied Exempt Status
Originally published on Passive Activities and Other Oxymorons on May 27th, 2011. ____________________________________________________________________________ Private...
To Keep Your Story Straight You Need to Know What it Needs to Be
Originally published on Passive Activities and Other Oxymorons on May 27th, 2011. ____________________________________________________________________________ Yusufu Y....
How to Screw Up an Easement Deduction
That’s a nice looking facade and I’m glad it is being preserved. It is a shame that the deduction was lost due to seemingly elementary errors. The donation is supposed to be for no consideration and the charity is supposed to explicitly state that in its acknowledgment. The instructions for Form 8283 are fairly explicit. For a deduction of $705,000, a little effort would seem to be reasonable.
Faster Basis Recovery Allowed When Earn-out Payments Unlikely
Originally published on Passive Activities and Other Oxymorons on May 25th, 2011. ____________________________________________________________________________ Private...