Most Recent Posts
PAOO Make Bay Windows – Next Stop Ellen
Originally published on Passive Activities and Other Oxymorons on March 11th, 2011. ____________________________________________________________________________ If...
Neither Mentionable Nor Deductible
Originally published on Passive Activities and Other Oxymorons on March 9th, 2011. ____________________________________________________________________________ Anietra...
Sometimes You Need to Burn First
Originally published on Passive Activities and Other Oxymorons on March 7th, 2011. ____________________________________________________________________________ LINTON...
It’s OK To Tell Them Why You Want Them to Hold Your Money
Originally published on Passive Activities and Other Oxymorons on March 4th, 2011. ____________________________________________________________________________ Ralph E....
Amended Returns Due to DOMA Case – What Needs to be Done
Originally published on Passive Activities and Other Oxymorons on February 27th, 2011. ____________________________________________________________________________ This...
DOMA Unconstitutional – Practical Tips
Originally published on Passive Activities and Other Oxymorons on February 24th, 2011.____________________________________________________________________________ In...
Through The Hoops
Update The Tax Cuts and Jobs Act has added a new hoop. It conveniently comes at the end. Code Section 461(l) disallows excess business losses, Here is an example form...
Time For Robin and Terry To Amend
Originally published on Passive Activities and Other Oxymorons on February 23rd, 2011.____________________________________________________________________________ This...
OK 2010 This is Really Goodbye
I became interested in accounting in part from reading stories about epic frauds. I doubt anybody will ever top Alfredo Reis. Read the book about him if you don’t believe me. He convinced the British bank note printing company that printed the money issued by the Bank of Portugal that he worked for the bank and got them to print money for him. He used the money to buy stock in the Bank of Portugal which was the only entity that could prosecute counterfeiting. These fellow aren’t in the same league, but given the adverse conditions they were working under (being in prison and all), they really achieved a lot.
Even More About Short Sales
Originally published on Passive Activities and Other Oxymorons on February 20th, 2011.____________________________________________________________________________ I...