Tax Law

Recent Posts

An Imaginary Tax Californians May Be Forced to Pay
Posted on 17 Dec 2010 by David Cay Johnston

If Timothy Alan Simon has his way, California consumers will soon get nicked for a nonexistent tax, paying millions of dollars each year for a tax that will go not to finance government, but to enrich a monopoly. Simon is a securities lawyer whom Gov... Read More

A Detailed Analysis of a Disguised Sales Transaction – In re G-I Holdings
Posted on 2 Nov 2010 by Charles Zubrzycki

Althou gh exceptions apply, a partner does not generally recognize gain or loss when he or she contributes property to a partnership. IRC Sec. 721(a) . See also Lexis Tax Advisor -- Federal Code, IRC Sec. 721(a) ; Lexis Tax Advisor -- Federal Topical... Read More