by Tyler B. Korn, Esq. | Jul 27, 2009 | Articles
Although real estate can provide powerful tax advantages, it is always disheartening to encounter clients who have fallen into readily avoidable tax traps. In some cases, they must unexpectedly pay tax because they failed to properly structure their affairs, and in...
by Tyler B. Korn, Esq. | Jul 27, 2009 | Articles
By permitting the division of a corporation through the distribution of stock (in one form or the other) without recognition of gain or loss at either the shareholder or the corporate level, Section 355 is one of the few remaining Internal Revenue Code provisions...
by Tyler B. Korn, Esq. | Jul 27, 2009 | Articles
Claims that have slumbered too long are difficult to prosecute, as the passage of time tends to cause evidence and records to be lost, memories to fade, and witnesses to disappear. Statutes of limitation are therefore designed to promote justice by preventing...
by Tyler B. Korn, Esq. | Jul 27, 2009 | Articles
In general, a real estate rental activity is treated as a passive activity under Section 469(c)(2) of the Internal Revenue Code, regardless of the extent to which you materially participate in that activity. This rule of the tax code often poses significant tax...
by Tyler B. Korn, Esq. | Jul 27, 2009 | Articles
An interest in a partnership is considered a capital asset. Loss upon sale of a partnership interest is therefore generally treated as a capital loss. But can the sale of a partnership interest be restructured to permit ordinary losses? With inventive planning, it can...
