Most Recent Posts
Dealership With Multiple Franchises Cannot Separate Goodwill
Originally published on Passive Activities and Other Oxymorons on May 20th, 2011. ____________________________________________________________________________ LAFA...
Personal Service Corporation and C Corp – Recipe for Disaster
Originally published on Passive Activities and Other Oxymorons on May 19th, 2011. ____________________________________________________________________________ Mulcahy,...
Conservation Easesments A New Field For Villainy
This disinclination to mix charitable endeavors with scamming caused me to miss some of the potential in conservation easements. I remember talking to one of my clients who deals in land and asking him what it really meant to own 10,000 acres of land somewhere. What is that you really have? His answer was “a bundle of rights”. Included in that bundle is the right to do some level of developing subject to local zoning. This might be a valuable right or it might not. If the property is already at its “highest and best use”, which in appraiser speak is the use that gives you the greatest economic return then your development rights are of negligible value.
More From The Boston Tax Institute
Originally published on Passive Activities and Other Oxymorons on May 17th, 2011. ____________________________________________________________________________ Boston...
Serial Guest Blogger Comments on Family Limited Partnership Case
Originally published on Passive Activities and Other Oxymorons on May 17th, 2011. ____________________________________________________________________________ Matt...
Blame it on the Scrivener
Originally published on Passive Activities and Other Oxymorons on May 16th, 2011. ____________________________________________________________________________ Xianfeng...
Survivor Spurns Self Reliance – Richard Hatch Loses Appeal
Originally published on Passive Activities and Other Oxymorons on May 15th, 2011. ____________________________________________________________________________ U.S. v....
If You Kill Your Parents It’s Your Own Fault You are an Orphan
This was a protester who was complaining about having to file all his delinquent returns as a condition of his supervised release. He figures the IRS already did substitute returns and that it was going to be hard to dig up records from that long ago. The Court had no sympathy as they cited one of my favorite jokes.
We hold that the district court correctly calculated the applicable sentencing range and did not abuse its discretion in imposing an obligation to file all unfiled tax returns and pay all outstanding tax arrears as a condition of supervised release.
We note that any difficulties that may arise from the age of the necessary documents or the passage of time are entirely self-inflicted; had he complied with his duty to file the returns when they were initially due, there would be no such troubles. His contention on appeal that this state of affairs amounts to a “burden” imposed by the district court is absurd, like killing your parents and complaining of being an orphan.
What Is So Great About Sliced Bread ?
Originally published on Passive Activities and Other Oxymorons on May 11th, 2011. ____________________________________________________________________________ CCA...
Massacusetts Leading Tax Educator Contributes to PAOO
Originally published on Passive Activities and Other Oxymorons on May 10th, 2011. ____________________________________________________________________________ My search...