Showing posts with label LLC. Show all posts
Showing posts with label LLC. Show all posts
Sunday, September 22, 2024

Caleb William’s NFL Contract

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  It may be that the NFL saved him from bad tax advice. We are talking about Caleb Williams, the 2024 NFL number one overall draft pick by...
Sunday, February 19, 2023

A Brief History of Limited Partner Self-Employment Tax

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  There is a case going through the courts that caught my eye. It has to do with limited liability companies (LLCs). More specifically, it...
Saturday, April 30, 2022

Basis Basics

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I am looking at a case involving a basis limitation. Earlier today I accepted a meeting invite with a new (at least to me) client who may ...
Friday, November 27, 2020

Another IRA-As-A-Business Story Gone Wrong

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  I am not a fan. We are talking about using your IRA to start or own a business. We are not talking about buying stock in Tesla or Micros...
Sunday, August 11, 2019

Foreign Investment In U.S. Rental Real Estate

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We have spoken about Congress’ and the IRS’ increasing reliance on penalties. Here is one from the new Taxpayer First Act of 2019: ...
Thursday, August 10, 2017

RERI-ng Its Ugly Head - Part Two

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Let’s continue our story of Stephen Ross, the billionaire owner of the Miami Dolphins and of his indirect contribution of an (unusual) part...
Friday, July 28, 2017

RERI-ng Its Ugly Head - Part One

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Here is the Court: The action involves RERI Holdings I, LLC (RERI). On its 2003 income tax return RERI reported a charitable contribution...