Tax Management - Real Estate Journal

TAX MANAGEMENT - REAL ESTATE JOURNAL,  Vol. 27, No. 2
Ponzi Scheme Tax Losses by Richard S. Lehman, Esq.

This article is 23 pages, and can be downloaded as a pdf. 

Richard S. Lehman Insights:

• Tax court holds exclusion for parsonage allowance is not limited to one residence
• IRS issues final regulations defining omission from gross income
• IRS Chief Counsel's office advises triangular merger resulted in tax to terminating S corporations on net recognized built-in gain
• IRS Chief Counsel's office advises house used in adult care business is residential rental property