You may be amazed by what you can accomplish if you don't care who gets the credit, but that's probably not the best argument to make in tax court.
... Read This PostDecisions — If not A, than C
No, the title doesn't refer to an obscure math problem that you'll need to solve.
... Read This PostDecisions — A rash of regulations
Collectively speaking, the US government has an eloquence of lawyers, and the IRS is no exception.
... Read This PostDecisions — Charitably speaking
Are you charitably inclined? If so, you may want to give thanks to the IRS for combining various contribution-guidance revenue procedures dating back to 1981 into a single procedure.
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Definition — Puzzling out the basis
Love is the basis for everything except S corporation stock. For that, income, losses, deductions, and credits are what count.
... Read This PostDecisions — Time to raise the bar
The statute of limitations can bar a claim for refund. What happens if that means the government is going to collect tax twice for the same event?
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Decisions — Directly prohibited
You can't do that. The Beatles sang the song and the US congress wrote the law: certain transactions are prohibited when you own an individual retirement account.
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