Showing posts with label control. Show all posts
Showing posts with label control. Show all posts
Sunday, June 2, 2024

Paying Personal Expenses Through A Business

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I am looking at a tax case. It reminds me of something. There is a too-common belief that paying an expense through a business can someh...
Saturday, August 6, 2022

Checks Not Cashed In Time Includible In Taxable Estate

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  Let’s talk about an issue concerning gifts. We are not talking about contributions – such as to a charity - mind you. We are talking gif...
Monday, June 13, 2022

The Sum Of The Parts Is Less Than The Whole

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  I am looking at a case involving valuations. The concept starts easily enough: ·       Let’s say that your family owns a business.   ...
Sunday, November 7, 2021

Income, Clearly Realized

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  What is income? Believe it or not, there is a line of cases over decades developing the tax concept of income. Some instances are clea...
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...
Saturday, October 17, 2020

The Tax Doctrine Of The Fruit And The Tree

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  I am uncertain what the IRS saw in the case. The facts were very much in the taxpayer’s favor. The IRS was throwing a penalty flag and a...
Tuesday, November 26, 2019

The Gig Economy

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Say that I retire. Perhaps my wife wins the lottery or marries well. I get bored. Perhaps I would like a little running-around money. ...