Substance-over-form or just good tax planning?
By Richard M. Colombik
Federal Taxation,
July 2017
In Summa Holdings, Inc. v. Comm’r, the 6th Circuit Appellate Court has partially put a leash on the IRS Commissioner to argue that a transaction, if done solely for income tax purposes, may be set aside on substance-over-form arguments if the transaction clearly follows the Tax Code.
Sell your company and pay no tax!
By Richard M. Colombik, JD,CPA
Business Advice and Financial Planning,
February 2007
Your business has matured, or your real estate has appreciated, time to cash out and sell.
Individual income tax update
By Richard M. Colombik & Linda Godfrey
Federal Taxation,
June 2006
In Comm’r v. Banks, 543 U.S. 426; 125 S. Ct. 826 (2005), the Supreme Court held that a taxpayer’s gross income from the proceeds of litigation included the portion of the damages recovery that was paid to his attorneys according to a contingent fee agreement.
Tax and trust fund issues
By Richard M. Colombik & Linda Godfrey
Business Advice and Financial Planning,
June 2006
A look at the legal difficulties that business owners may encounter when corners are cut with the Internal Revenue Service.
A message from the Chair
By Thomas F. Arends & Richard M. Colombik
Federal Taxation,
August 2005
(Notice to librarians: The following issues were published in Volume 51 of this newsletter during the fiscal year ending June 30, 2005: September No. 1; December, No. 2; March, No. 3; May, No. 4.)
IRS liaison update
By Thomas F. Arends & Richard M. Colombik
Federal Taxation,
June 2004
As we have addressed in previous editions of the newsletter, the Federal Taxation Section Council has been active in various liaison conferences with representatives from the Internal Revenue Service. Mr. Thomas Arends and Mr. William Gasa of the Section Council currently serve as liaisons for the Section to the Internal Revenue Service.
Advantageous uses of LLCs
By Richard M. Colombik & Randall H. Borkus
Business Advice and Financial Planning,
May 2004
Because of their flexibility and relative simplicity, the LLC is well-suited for both start-up businesses and more mature businesses.
Tax administration and procedure update
By Thomas F. Arends & Richard M. Colombik
Federal Taxation,
May 2004
The editorial staff of the newsletter would like to inform members of the Federal Taxation Section that Mr. Thomas Arends and Mr. William Gasa of the Section Council currently serve as liaisons for the Section to the Internal Revenue Service.
Tax administration and procedure update
By Thomas F. Arends & Richard M. Colombik
Federal Taxation,
March 2004
The editorial staff of the newsletter would like to inform members of the Federal Taxation Section that Mr. Thomas Arends and Mr. William Gasa of the Section Council currently serve as liaisons for the Section to the Internal Revenue Service.
Tax administration and procedure update
By Thomas F. Arends & Richard M. Colombik
Federal Taxation,
February 2004
The editorial staff of the newsletter would like to inform members of the Federal Taxation Section that Mr. Thomas Arends and Mr. William Gasa of the Section Council currently serve as liaisons for the Section to the Internal Revenue Service.
The last tax shelter?
By Richard M. Colombik
Federal Taxation,
January 2002
Tax shelters have been a bad word since legislation was designed to eliminate what was considered abusive.
Seven steps toward “nanny tax” compliance
By Richard M. Colombik & Cary R. Rosenthal
General Practice, Solo, and Small Firm,
February 1999
In June 1993, most observers pegged Stephen Breyer as the odds on favorite for appointment to the Supreme Court seat vacated by Justice Byron White.
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