Investor Denied Deductions for "Seminar" Expenses

August 26, 2008
Volume 2 Issue 247

      Under Sec. 212(1) of the Internal Revenue Code, an individual is allowed a deduction for all of the ordinary and necessary expenses paid or incurred during the taxa...

READ MORE...

Recent Reports

Berkshire Hathaway Takes A Stake in Goldman Sachs
November 21, 2008
Goldman Sachs (GS) recently announced that it had reached an agreement with Berkshire Hathaway (BH) in connection withwhich GS will issue to BH50,000 sh...
Taxes and Debt Swaps
November 20, 2008
It seems inevitable, as the credit crisis moves into new stages, that many debtors will be seeking to refinance outstanding indebtedness that, under current conditi...
Gannett Is a Unitary Business
November 20, 2008
In 1995, Gannett (G) purchased the stock of Multimedia, Inc. (MM). G immediately sold off MM's entertainment and security alarm businesses but chose not to sell its...
The Investment Company Rules and REIT Formations
November 19, 2008
When property is transferred to a corporation in exchange for stock in such corporation, the exchange will be tax-free to the transferors (even though the value of...