Real estate blog Oct 6, 2008
The Courtyard Shops deed specifically mentions the Crescent Miami Center v. Florida Department of Revenue ruling that opened the way for deep-pocketed investors to cut their tax bill. For sellers to take advantage of the loophole, there can be no mortgage on the property. (The Palm Beach Post)
Incentives for Wind Energy Development in the United States -- 2008 Oct 3, 2008
However, on February 27, 2006, the Internal Revenue Service (IRS) issued Revenue Ruling 2006-9, specifically holding that, The credit under 45 for electricity produced from qualified energy resources at a qualified facility is not reduced under 45(b)(3) on account of a state or local tax credit. . (Energy Pulse, CO)
IRS change helps taxpayers preserve retirement savings Sep 23, 2008
The change is referred to as Revenue Ruling 2002-62. Reader Comments. (Cincinnati Business Courier, OH)
Investigation of United Church of Christ Shows IRS Rules Need Fixing Mar 5, 2008
IRS Revenue Ruling 2007-41, Candidate Appearances, and the Complaint. The IRS uses an undefined "facts and circumstances test" to enforce the ban on partisan intervention in elections by 501(c)(3) organizations. (OMB Watch)
Rev Up Your IRA May 9, 2007
IRS Revenue Ruling 66-106 holds that unrelated business taxable income (UBTI) is not usually generated by a REIT for IRA owners who are shareholders. However, your particular situation should be individually analyzed by a tax specialist who is familiar with IRAs. (Forbes)
Coming cleanWhat to do if you have money in an offshore bank account Apr 19, 2007
Barclays bank in Guernsey was the target of a Revenue ruling last year. Examples would be where people have been trading abroad and effectively generating profits from a business which has not been declared in their UK tax returns. (BBC News -- Business)
Claiming a child as a dependent Feb 12, 2007
SCp experts also address business meals, Homestead Tax Credit By Jim Wilhelm, Stuart Rudo and Greg Horning Special to Baltimoresun. com Originally published February 12, 2007 Baltimoresun. (SunSpot.net)
Expanded Tax Talk Feb 11, 2007
The first involves making sure that the retirement plan(s) and distribution(s) follow IRS Code Section 107 and the outline of Revenue Ruling 75-22 as it pertains to eligibility of housing allowances from pension funds for retired clergy. If those hurtles are cleared, the issue now appears to be where to place the amounts from IRAs and retirement plans on the Form 1040. (Pensacola News Journal)
Eligible expenses for FSAs Feb 1, 2007
Christine Keller, a principal with Groom Law Group, says a pill-cutter should be covered by an IRS revenue ruling that allowed reimbursement for crutches, band-aids and other types of durable medical goods. "Generally, if something can only be used for one purpose, it's not much of a problem," says Keller. (San Francisco Chronicle -- Business)
