The IRS just recently picked up a win in its war on syndicated conservation easement (SCE) deductions. The Sixth Circuit confirmed the full Tax Court decision written by Judge Lauber in Oakbrook Land Holdings. The issue was about what terms are required to make an easement “perpetual”. Before getting into the pretty arcane points Judge
Taxes
Instead of fretting about falling markets, consider whether they are an opportunity to convert all or part of a traditional IRA or 401(k) plan to a Roth IRA. Lower investment prices can reduce the cost of converting assets into tax-free Roth IRA assets. When all or part of a traditional IRA or 401(k) is converted
Tax Notes contributing editors Robert Goulder and Joseph J. Thorndike discuss whether inflation is a tax, all in five minutes. This transcript has been edited for length and clarity. Robert Goulder: Once upon a time, inflation was the scourge of our national economy, but that was way back in the 1970s. Since then, we’ve had
Although gasoline prices get most of the attention in reporting on inflation, there’s another element that’s pushed the numbers up—soaring rents for housing. And even if rent increases slow down, our affordable housing crisis will continue due to the lack of housing supply and persistent low incomes. The data are grim. The national real estate
A funny thing happened to the trillions of dollars of proposed tax increases on corporations and high-income households that were high on the agendas of President Biden and congressional Democrats just a year ago: They seem to have, at least for now, fallen into a deep Capitol Hill hole. And they’ve been replaced by, of