Author: LCarpenter

Decisions — Policing the assets

When is an asset not an asset? Or, more precisely, what is an asset when a specific internal revenue code section doesn’t contain a definition?

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Decisions — Taxing choices


How many options can you consider before you find yourself longing for simplicity?

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Definitions — The great depreciation

Section 179 depreciation, a tax provision that currently allows taxpayers to write-off up to $500,000 for 2016 ($510,000 for 2017), has been around long enough that you may think you’re very familiar with the rules. Here’s a quiz to check your knowledge.

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Decisions — Group surgery

A group of unicorns may or may not be called a blessing, but one thing is certain: owners of multiple business activities seldom use that word to describe IRS inquiries into how those activities are grouped.

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Definitions — Watching the IRS


Each December, the IRS gets a holiday gift from the National Taxpayer Advocate in the form of a presentation to congress that sums up what’s working – and what’s not.

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Decisions — No relation to pasta


When you think of unrelated business taxable income, thoughts of pasta may not come to mind.

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Decisions — On the payroll

Paychecks may be proof that an employer has a sense of humor. Unfortunately, the IRS generally doesn’t find payroll amusing.

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Decisions — Phantom regulations


Are you haunted by phantoms? Sometimes courts are too.

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Definitions — The art of the appraisal


Art may have no rules, but the Internal Revenue Service does, and some of those rules are about works of art.

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Decisions — Seeds of success


From small seeds come tax deductions for farmers.

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