Economic Substance Doctrine

I’ve had a question from a student about the “economic substance doctrine.” This has been a club that the IRS used against people for years. However, the ObamaCare legislation beefed it up and actually made it a law. The IRS has always argued, and the courts have

Real Estate Management With Trusts & LLCs

We often receive interesting questions from our students. We received permission to publish this one as a Blog since it might be of interest to many of you visiting our site. Comment: Thank you for your help. I hope learning all this is not “too little too

Obama Care 1099 Requirements

ObamaCare is complicated. It is one of the largest tax increases in history. The 1099 issue that I talked about in my last email is very real. Hopefully it will be repealed, because it will create a nightmare for you and me. I got some input from

What is Probate of a Will?

One of the rituals of American society is to “probate a will” whenever somebody dies. The way our society has determined that property will be transferred after the death of the property owner is to probate a will. It is assumed that the probate will be of