TruMix.com : Podcasts : Ed Zollars' Tax Update Podcast|Partnership Liabilities, Tax Shelters and Different Views of the Same Episode Episode

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Trumix.com : Podcast : Ed Zollars' Tax Update Podcast

Ed Zollars' Tax Update Podcast

Language: English
Category: Business /
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An update from time to time on various tax issues presented by Ed Zollars, CPA and designed for tax professionals. Users are cautioned to do their own independent research to verify any conclusions stated on this podcast--I do not claim to be infallible, but just to bring up issues to consider.

Ed Zollars' Tax Update Podcast|Partnership Liabilities, Tax Shelters and Different Views of the Same Episode

The Fifth Circuit came down with a ruling in Kornman & Associates, Inc. v. United States on whether a taxpayer who set up a Son of BOSS style shelter would get the benefit that was expected--and the taxpayer was disappointed. The case offers a chance to review the unusual impact that liabilities have in a partnership context, as well as the question of just what is a liability for this purpose.The materials for this podcast can be downloaded at http://www.edzollars.com/2008-05-19_Partnership_Liabilities.pdf .The podcast is sponsored by Leimberg Information Services, located at http://www.leimbergservices.com .

[ Sat, 17 May 2008 14:45:00 GMT ]

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