Most Recent Posts
Booth Rental Upheld As Valid Independent Contractor Strategy
Originally published on Passive Activities and Other Oxymorons on December 1, 2010 Cheryl A. Mayfield Therapy Center, et al. v. Commissioner, TC Memo 2010-239 I...
IRS To Stop Lousing Up Short Sales
PMTA 2010-058 This was originally published on PAOO on November 29th, 2010. For the latest on this see my follow-up post When I was a kid, my father worked on Wall...
Another Round of Miscellany
This was originally published on PAOO on November 29th, 2010. Original source documents appear in RIA and beg to be shared with my vast readership, Repeatedly they are...
Smart Grid Experiment Participants Qualify For Income Exclusion
Private Letter Ruling 201046013, 11/19/2010 This was originally published on PAOO on November 27th, 2010. This merits a brief bonus post. A utility company is engaging...
Think Before Filing Joint Returns
Eileen L. Pugsley v. Commissioner, TC Memo 2010-255 This was originally published on PAOO on November 26th, 2010. I've written before on not reflexively filing joint...
Does Cohan Still Rule ?
This was originally published on PAOO on November 24th, 2010. COHAN v. COMMISSIONER OF INTERNAL REVENUE, Cite as 8 AFTR 10552, 03/03/1930 If you have been here...
Making A List And Checking It Twice
U.S. v. BRIER, Cite as 106 AFTR 2d 2010-5459, 11/05/2010 U.S. v. VAZQUEZ, Cite as 106 AFTR 2d 2010-6970, 11/08/2010 This was originally published on PAOO on November...
A Tisket A Tasket – Your Hedge Fund’s in a Basket
AM 2010-005 This was originally published on PAOO on November 18th, 2010. So today we get to introduce a new acronym. What is an "AM" you ask. Well it is Legal Advice...
The Powder To Blow It Away
Mr. Rolf arranged for an appraisal of his property. The appraiser did a valuation of the property with and without the structure that after standing nearly century went out in a blaze of glory to the edification of the Chenequa Volunteer Fire Department. The appraiser determined that the value of Mr. Rolf’s property had declined from $655,000 to $579,000. Accordingly, he claimed a charitable contribution of $76,000.
Time To Purge The Draft Posts
I swear if they ever have a machine to test for tax geekiness where they attach and insert all sorts of devices that monitor your reactions and then flash things on the screen that will be one of the things they use. If you just had a WOW – That’s really interesting, you are a total tax geek (Maybe some sort of highly specialized business broker just to be open to other possibilities. ). If you just had a WTF (That stands for What The ?) you are a normal human being.