Since last Friday was a quasi-holiday, the week in review never got published, so we’ll cover two weeks today.
In the biggest news of the week, a California entrepeneur watches a $19M charitable contribution deduction go up in smoke for failure to follow appraisal/substantiation rules.
The IRS issues proposed regulations under Section 83 and guidance on how to account for partnership liabilities in determining a partner’s insolvency.
A dad welcomes his newborn daughter to the world with help from his best friend.
Revenue Rulings 99-5 and 99-6, explained (hopefully).
