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Threaten to Go Bankrupt – That Will Really Scare Them
Originally published on Passive Activities and Other Oxymorons on May 9th, 2011. ____________________________________________________________________________ IN RE:...
Enterpeneur Wants Comprehensive Tax Compliance Solution
Originally published on Passive Activities and Other Oxymorons on May 8th, 2011. ____________________________________________________________________________ In...
It’s 10:00 PM Should You Know Where Your IRS Agent Spouse Is ?
Originally published on Passive Activities and Other Oxymorons on May 6th, 2011. ____________________________________________________________________________ PMTA...
Hard Rock Case Still Up in the Air Though Some Elements Well Grounded
It is not surprising that Mr. Morton owned several entities for several different purposes- ownership of different property, management, etc. He picked one of them RWB, an S corporation, to own the jet. He provided the corporation with the funds to pay related expenses. A different corporation 510 Development Corporation hired the flight team of pilot, co-pilot and flight attendant. We don’t need to get into the details of the purposes of the various entities to frame the issue. RWB, all by itself, was not about to make a profit from owning the plane. So the IRS wants to disallow any expenses over and above some charter income. Mr. Morton maintains that the plane was being used for his overall enterprise – himself and all his various entities. The Court approves of the latter approach:
Creative College Funding Plan Fails
Originally published on Passive Activities and Other Oxymorons on May 4th, 2011. ____________________________________________________________________________ SETTY...
Learning to Be a Bad Guy
Originally published on Passive Activities and Other Oxymorons on May 2nd, 2011. ____________________________________________________________________________ IRSIG...
Saga of A Male Rape Victim in an Alternate History
If we can stand up to him, all Europe may be free and life of the world may move forward into broad, sunlit uplands. But if we fall, then the whole world, including the...
Some Stubborn People
Originally published on Passive Activities and Other Oxymorons on April 29th, 2011. ____________________________________________________________________________ Patrick...
Tax Court Sticking with Three Year Statute on Basis Overstatements
Originally published on Passive Activities and Other Oxymorons on April 27th, 2011. ____________________________________________________________________________...
Should IRS Gets Extra Time to Nuke Abusive Shelters ?
Originally published on Passive Activities and Other Oxymorons on April 27th, 2011. ____________________________________________________________________________ HOME...