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Results: 1-10 of 1,115

IRS Confirms That a Charity May Provide Consulting Services for a Fee
  • Loeb & Loeb LLP
  • USA
  • January 13 2017

Facing increasing pressure to earn revenue rather than rely solely on donations for support, Section 501(c)(3) organizations often consider


Tresona Multimedia, LLC v. Burbank High School Vocal Music Association
  • Loeb & Loeb LLP
  • USA
  • December 22 2016

District court holds that director of school show choir that inspired TV series "Glee" is


John Wiley & Sons, Inc. v. Kirtsaeng
  • Loeb & Loeb LLP
  • USA
  • January 9 2017

On remand from U.S. Supreme Court’s 2016 decision on attorneys’ fees in copyright cases, district court again denies book reseller’s request for


Two taxpayers lose income tax deductions for spousal support payments
  • Loeb & Loeb LLP
  • USA
  • September 5 2013

Two recent Tax Court cases serve as a reminder that the income tax deduction for the payment of spousal support is subject to some very specific rules


One-year covenant not to compete must be amortized over fifteen years
  • Loeb & Loeb LLP
  • USA
  • August 12 2010

A recent Tax Court case points out a problem with the statutory provisions that govern the amortization of intangible assets


California State Board of Equalization Rules Against Taxpayer in “Drop and Swap” 1031 Exchange
  • Loeb & Loeb LLP
  • USA
  • December 16 2016

It is well known that the State of California does not like "drop and swap" 1031 exchanges. A typical drop and swap scenario involves a partnership


Case update: court finds that taxpayer who sold a contract right to purchase land realized capital gain income
  • Loeb & Loeb LLP
  • USA
  • December 23 2014

Only a taxpayer selling a "capital asset" may realize capital gain income on the sale of property and benefit from the lower tax rate that applies to


Property equalization payment was not deductible as alimony
  • Loeb & Loeb LLP
  • USA
  • April 12 2014

In McNealy v. Commissioner (February 2014), another taxpayer tried but failed to obtain an alimony deduction for a payment made to his ex-spouse


California State Board of Equalization finds for taxpayer in section 1031 exchange case
  • Loeb & Loeb LLP
  • USA
  • August 14 2015

For several years, the California Franchise Tax Board has had a project to identify and challenge certain exchanges of real property for which


Taxpayer falls into ordinary income trap under Section 1239
  • Loeb & Loeb LLP
  • USA
  • April 12 2014

The recent case of Fish v. Commissioner (November 2013), points out a very subtle trap into which this taxpayer stumbled. The taxpayer owned a