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Nervous TIC 

For many years I have written articles on the implications if tenant in common interests are determined to be securities. One such concern is whether TIC interests can be employed in tax deferred exchanges. Historically, a taxpayer might have exchanged

Deduction Denied 

In the recent case of Joseph Mohamed Sr., et. ux. v. Commissioner, T.C. Memo 2012 52, the U.S. Tax Court determined that a taxpayer and his spouse, after making almost $20 million worth of charitable real estate gifts to qualified