Search

Home > Personal Income Tax Planning > Unreasonably Not Injured - Ed Zollars
Podcast: Personal Income Tax Planning
Episode:

Unreasonably Not Injured - Ed Zollars
Category: Business
Duration: 00:00:00
Publish Date: 2006-03-30 20:45:59
Description: This PodCast focues on the exclusion for personal injuries under Section 104 , as well as the nature of a reasonable cause for purposes of escaping the imposition of a penalty.  We use the case of Goode v. Commissioner, TC Memo 2006-48, to illustrate these issues. 

As well, we look at another attempt at getting reasonable cause to take a position--ask the President (as in George W. Bush), or at least have someone else do it and then claim to rely on the answer received when the question is delegated to an individual at the IRS.  This was the attempt of the taxpayer in Smith v. Commissioner, TC Memo 2006-51.

The materials can be downloaded from http://edzollars.com/2006-04-01_Injury.pdf.



This Podcast is sponsored by Leimberg Information Services, Inc. at http://www.leimbergservices.com

Please visit our software, books, and PowerPoint Presentations site at http://www.leimberg.com

Total Play: 0

Some more Podcasts by Steve Leimberg

60+ Episodes
Trusts 3    
90+ Episodes
Corporate Ta .. 5    
90+ Episodes
Corporate Ta ..