In tax, as in medicine, diagnosis can be tricky without all the facts.
... Read This PostCategory: Taxing Lessons Case Summaries
Decisions — Taxing choices
How many options can you consider before you find yourself longing for simplicity?
... Read This PostDecisions — Where’s your refund?
Where's your refund? Possibly making up the federal budget deficit, if you failed to file a return to get an overpayment back within the applicable time period.
... Read This PostCase — Fun and games
THE QUESTION: Does an organization that offers a recreational activity to achieve a charitable purpose qualify as a charitable organization?
... Read This PostCase — Carry On
THE QUESTION: Can an IRA deduction that is disallowed due to active participant status in an employer plan be carried forward and deducted in a future year?
... Read This PostCase — Netting the Gift
THE QUESTION: Can a taxpayer reduce the value of a gift because the beneficiary agrees to pay the gift and estate tax?
... Read This PostCase — Showing the Money
THE QUESTION: Can a taxpayer take a theft loss deduction for his services to a venture later deemed to be a Ponzi scheme?
... Read This PostCase — Temporarily Permanent
THE QUESTION: When is an amount permanently set aside for a charitable contribution deduction on an estate income tax return?
... Read This PostCase — The Real Deal
THE QUESTION: Is the sale of real property acquired by tax deeds capital gain or ordinary income?
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