Most Recent Posts
Gifts of California Real Estate – Who’s Gonna Know ?
Originally published on Passive Activities and Other Oxymorons on June 29th, 2011. ____________________________________________________________________________ IN RE:...
New York Marriage Equality – Tax Implications
Originally published on forbes.com on June 29, 2011. __________________________________________________________________ Wedding Bells for Robin and Terry I’ve been...
Let That Whistle Blow
Originally published on Passive Activities and Other Oxymorons on June 27th, 2011. ____________________________________________________________________________ CCA...
Unfair Lending
Originally published on Passive Activities and Other Oxymorons on June 24th, 2011. ____________________________________________________________________________ CCA...
From the Boston Tax Institute
Originally published on Passive Activities and Other Oxymorons on June 22nd, 2011. ____________________________________________________________________________ Boston...
IRS Disses Doggie Diplomas and Other Developments
Originally published on Passive Activities and Other Oxymorons on June 22nd, 2011. ____________________________________________________________________________ FISHER...
Tax Rate of 131% ? – It Can Happen
Originally published on Passive Activities and Other Oxymorons on June 20th, 2011. ____________________________________________________________________________ Kevin L....
Divorce Attornies Need to Watch Their Language
Originally published on Passive Activities and Other Oxymorons on June 17th, 2011. ____________________________________________________________________________ Betty L...
Selling Soap as a Hobby – Amway IBO’s in Tax Court
Now I am subject to the AICPA Statements of Standards on Tax Practice, which among other things forbids me from giving clients advice based on what I believe the audit selection process of a taxing authority is. I wouldn’t do it anyway, because I think most people who give that type of advice are guessing. Even if you happen to be one of my clients, I’m speaking to you purely as a reader here when I give you this advice:
You don’t tug on Superman’s cape
You don’t spit into the wind
You don’t pull the mask off that old Lone Ranger
And you don’t take no Schedule C losses from an arrangement with a company that IRS examiners have on speed-dial.
Ignore Those Bad Idea Bears-IRA Not a Good Bridge Loan Source
Originally published on Passive Activities and Other Oxymorons on June 15th, 2011. Private Letter Ruling 201118025 Private Letter Ruling 201116044 Private Letter Ruling...