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	<title>Tax  Lawyer&#039;s  Blog &#187; Business Transactions</title>
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		<title>A Just Society Taxes Capital Gains at Lower Rates</title>
		<link>http://www.pappasontaxes.com/index.php/2011/08/21/a-just-society-taxes-capital-gains-at-lower-rates/</link>
		<comments>http://www.pappasontaxes.com/index.php/2011/08/21/a-just-society-taxes-capital-gains-at-lower-rates/#comments</comments>
		<pubDate>Sun, 21 Aug 2011 15:08:51 +0000</pubDate>
		<dc:creator>Peter</dc:creator>
				<category><![CDATA[Business Transactions]]></category>
		<category><![CDATA[Gross Income]]></category>
		<category><![CDATA[Politics of Taxes]]></category>
		<category><![CDATA[Tax Policy]]></category>
		<category><![CDATA[The Economy]]></category>
		<category><![CDATA[capital gains tax]]></category>
		<category><![CDATA[capital gains tax rate]]></category>
		<category><![CDATA[income inequality]]></category>
		<category><![CDATA[james b stewart]]></category>
		<category><![CDATA[paul caron]]></category>
		<category><![CDATA[soak the rich]]></category>
		<category><![CDATA[tax the rich]]></category>
		<category><![CDATA[wealth gap]]></category>
		<category><![CDATA[zero capital gains tax]]></category>

		<guid isPermaLink="false">http://blog.pappastax.com/?p=24848</guid>
		<description><![CDATA[A columnist for The New York Times believes that the objective of our tax policy should be to enforce equality of results rather than equality of opportunity. James B. Stewart is the latest in a long line of tax-the-richers who suggests that we should tax capital gains at the same rate we tax ordinary income: In the end, the [...]]]></description>
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		<slash:comments>8</slash:comments>
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		<item>
		<title>IRS to Target Rental Losses</title>
		<link>http://www.pappasontaxes.com/index.php/2011/03/09/irs-to-target-rental-losses/</link>
		<comments>http://www.pappasontaxes.com/index.php/2011/03/09/irs-to-target-rental-losses/#comments</comments>
		<pubDate>Wed, 09 Mar 2011 23:33:53 +0000</pubDate>
		<dc:creator>Peter</dc:creator>
				<category><![CDATA[Business Transactions]]></category>
		<category><![CDATA[Deductible Expenses]]></category>
		<category><![CDATA[IRS Audits]]></category>
		<category><![CDATA[IRS audit]]></category>
		<category><![CDATA[material participation]]></category>
		<category><![CDATA[rental losses]]></category>
		<category><![CDATA[tax audit]]></category>
		<category><![CDATA[TIGTA]]></category>
		<category><![CDATA[web cpa]]></category>

		<guid isPermaLink="false">http://blog.pappastax.com/?p=21368</guid>
		<description><![CDATA[WebCPA reports that the IRS has agreed with recommendations in a newly released government report urging the agency to increase its examinations of individual tax returns that report losses from rental real estate activity: The report, by the Treasury Inspector General for Tax Administration, was conducted because a Government Accountability Office report in August 2008 [...]]]></description>
		<wfw:commentRss>http://www.pappasontaxes.com/index.php/2011/03/09/irs-to-target-rental-losses/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>Tax Court: Capital Gains Properly Reclassified as Ordinary Income in Sale of Business</title>
		<link>http://www.pappasontaxes.com/index.php/2010/12/22/tax-court-capital-gains-properly-reclassified-as-ordinary-income-in-sale-of-business/</link>
		<comments>http://www.pappasontaxes.com/index.php/2010/12/22/tax-court-capital-gains-properly-reclassified-as-ordinary-income-in-sale-of-business/#comments</comments>
		<pubDate>Wed, 22 Dec 2010 15:16:30 +0000</pubDate>
		<dc:creator>Peter</dc:creator>
				<category><![CDATA[Business Transactions]]></category>
		<category><![CDATA[Court Cases]]></category>
		<category><![CDATA[capital gain]]></category>
		<category><![CDATA[economic substance]]></category>
		<category><![CDATA[ordinary income]]></category>
		<category><![CDATA[sale of business]]></category>
		<category><![CDATA[tax planning]]></category>
		<category><![CDATA[us tax court]]></category>

		<guid isPermaLink="false">http://blog.pappastax.com/?p=20762</guid>
		<description><![CDATA[CPA Charles J. Reichert writing for the Journal of Accountancy says that the Tax Court in James P. and Joan E. Kennedy v. Commissioner, TC Memo 2010-206 has ruled that in some cases a sale of business assets will generate ordinary rather than capital gain income (emphasis added): The Tax Court held that payments to a taxpayer from the sale [...]]]></description>
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		<slash:comments>2</slash:comments>
		</item>
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		<title>New 1099 Misc Rules for Landlords</title>
		<link>http://www.pappasontaxes.com/index.php/2010/11/12/new-1099-misc-rules-for-landlords/</link>
		<comments>http://www.pappasontaxes.com/index.php/2010/11/12/new-1099-misc-rules-for-landlords/#comments</comments>
		<pubDate>Fri, 12 Nov 2010 23:41:04 +0000</pubDate>
		<dc:creator>Peter</dc:creator>
				<category><![CDATA[Business Transactions]]></category>
		<category><![CDATA[IRS procedure]]></category>
		<category><![CDATA[1099 misc]]></category>
		<category><![CDATA[landlords]]></category>
		<category><![CDATA[new 1099 reporting rules]]></category>
		<category><![CDATA[small business jobs act]]></category>

		<guid isPermaLink="false">http://blog.pappastax.com/?p=19959</guid>
		<description><![CDATA[The Journal of Accountancy reports on a little known provision in the new Small Business Jobs Act: The&#8230;  Act contained one provision that may have escaped the notice of taxpayers who own rental property, but will affect them starting in January. Under the provision, owners of property who receive rental income will be required to [...]]]></description>
		<wfw:commentRss>http://www.pappasontaxes.com/index.php/2010/11/12/new-1099-misc-rules-for-landlords/feed/</wfw:commentRss>
		<slash:comments>2</slash:comments>
		</item>
		<item>
		<title>Taxpayer Advocate Nina Olson Concerned that Burden of New 1099 Reporting Will Exceed Benefits</title>
		<link>http://www.pappasontaxes.com/index.php/2010/07/07/taxpayer-advocate-nina-olson-concerned-that-burden-of-new-1099-reporting-will-exceed-benefits/</link>
		<comments>http://www.pappasontaxes.com/index.php/2010/07/07/taxpayer-advocate-nina-olson-concerned-that-burden-of-new-1099-reporting-will-exceed-benefits/#comments</comments>
		<pubDate>Thu, 08 Jul 2010 01:12:14 +0000</pubDate>
		<dc:creator>Peter</dc:creator>
				<category><![CDATA[Business Transactions]]></category>
		<category><![CDATA[IRS procedure]]></category>
		<category><![CDATA[Taxpayer Advocate]]></category>
		<category><![CDATA[1099 law]]></category>
		<category><![CDATA[new 1099 reporting requirement]]></category>
		<category><![CDATA[nina olson]]></category>

		<guid isPermaLink="false">http://blog.pappastax.com/?p=18251</guid>
		<description><![CDATA[My favorite IRS person, Taxpayer Advocate Nina Olson has issued her annual report to Congress. In Fiscal Year 2011 Objectives, Olson euphemistically echoes what I and other tax bloggers have been saying more bluntly for months: The new 1099 reporting requirement is crazier than Sandra Bullock&#8217;s taste in men. Here&#8217;s the story from WebCPA (emphasis added): The report&#8230; expressed concern [...]]]></description>
		<wfw:commentRss>http://www.pappasontaxes.com/index.php/2010/07/07/taxpayer-advocate-nina-olson-concerned-that-burden-of-new-1099-reporting-will-exceed-benefits/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>Repeal the New 1099 Law</title>
		<link>http://www.pappasontaxes.com/index.php/2010/06/01/repeal-the-new-1099-law/</link>
		<comments>http://www.pappasontaxes.com/index.php/2010/06/01/repeal-the-new-1099-law/#comments</comments>
		<pubDate>Tue, 01 Jun 2010 23:31:03 +0000</pubDate>
		<dc:creator>Peter</dc:creator>
				<category><![CDATA[Business Transactions]]></category>
		<category><![CDATA[C Corporations]]></category>
		<category><![CDATA[IRS procedure]]></category>
		<category><![CDATA[S Corporations]]></category>
		<category><![CDATA[Self-Employed Taxpayers]]></category>
		<category><![CDATA[1099]]></category>
		<category><![CDATA[Cato Institute]]></category>
		<category><![CDATA[chris edwards]]></category>
		<category><![CDATA[corporate 1099]]></category>
		<category><![CDATA[healthcare bill]]></category>
		<category><![CDATA[irs matching]]></category>
		<category><![CDATA[small business 1099]]></category>
		<category><![CDATA[Tax Policy]]></category>

		<guid isPermaLink="false">http://blog.pappastax.com/?p=17255</guid>
		<description><![CDATA[The National Association for the Self-Employed reports that the recently enacted Healthcare law will have an onerous record-keeping effect on small businesses: Many of the nation’s entrepreneurs are about to become more familiar with IRS Form 1099. According to a new law set to go into effect in 2012, business owners will be required to submit a [...]]]></description>
		<wfw:commentRss>http://www.pappasontaxes.com/index.php/2010/06/01/repeal-the-new-1099-law/feed/</wfw:commentRss>
		<slash:comments>19</slash:comments>
		</item>
		<item>
		<title>Commingling of Funds is Still a Horribly Bad Idea</title>
		<link>http://www.pappasontaxes.com/index.php/2009/08/19/commingling-of-funds-is-still-a-horribly-bad-idea/</link>
		<comments>http://www.pappasontaxes.com/index.php/2009/08/19/commingling-of-funds-is-still-a-horribly-bad-idea/#comments</comments>
		<pubDate>Wed, 19 Aug 2009 04:14:49 +0000</pubDate>
		<dc:creator>Peter</dc:creator>
				<category><![CDATA[Business Transactions]]></category>
		<category><![CDATA[Taxes 101]]></category>
		<category><![CDATA[business accounting]]></category>
		<category><![CDATA[business bookkeeping]]></category>
		<category><![CDATA[commingling of funds]]></category>
		<category><![CDATA[corporate bank account]]></category>
		<category><![CDATA[legal advice]]></category>
		<category><![CDATA[tax records]]></category>
		<category><![CDATA[unenrolled preparer regulation]]></category>
		<category><![CDATA[unlicensed practice of law]]></category>

		<guid isPermaLink="false">http://blog.pappastax.com/?p=8998</guid>
		<description><![CDATA[I recently wrote in a post titled Tax Advice, Legal Advice &#38; Piercing the Corporate Veil that it would be legal malpractice for an attorney to advise his corporate and business clients to commingle their personal and business funds. I wrote the post in response to June Walker who had written a blog post titled You Do [...]]]></description>
		<wfw:commentRss>http://www.pappasontaxes.com/index.php/2009/08/19/commingling-of-funds-is-still-a-horribly-bad-idea/feed/</wfw:commentRss>
		<slash:comments>12</slash:comments>
		</item>
		<item>
		<title>Top 10 Things to Consider When Selling Your Business</title>
		<link>http://www.pappasontaxes.com/index.php/2009/07/09/10-top-items-to-ponder-when-selling-your-business/</link>
		<comments>http://www.pappasontaxes.com/index.php/2009/07/09/10-top-items-to-ponder-when-selling-your-business/#comments</comments>
		<pubDate>Thu, 09 Jul 2009 04:40:20 +0000</pubDate>
		<dc:creator>Peter</dc:creator>
				<category><![CDATA[Business Transactions]]></category>
		<category><![CDATA[amortization of intangibles]]></category>
		<category><![CDATA[asset allocation]]></category>
		<category><![CDATA[asset purchase]]></category>
		<category><![CDATA[form 8594]]></category>
		<category><![CDATA[non compete agreement]]></category>
		<category><![CDATA[section 197]]></category>
		<category><![CDATA[stock purchase]]></category>

		<guid isPermaLink="false">http://blog.pappastax.com/?p=6973</guid>
		<description><![CDATA[You&#8217;ve worked several decades building your business and now you&#8217;re ready to move on. You want to lower your handicap to a single digit, read the complete works of Homer, Virgil and Shakespeare, and see the rest of the civilized world. But wait, before you put your business up for sale here are some things (in [...]]]></description>
		<wfw:commentRss>http://www.pappasontaxes.com/index.php/2009/07/09/10-top-items-to-ponder-when-selling-your-business/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
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