A.R. Zinsmeister and the confusion created by the alimony provisions

Article Abstract:

The author discusses the US Tax Court's memorandum in A.R. Zinsmeister, in which the court denied one spouse an alimony deduction but allowed the other a deduction for mortgage payments even though it failed to meet the same requirement as the alimony deduction.

Legal services, Attorneys, Offices of Lawyers, Lawyers, Lawyers' fees, Income tax, Alimony

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Louisiana homestead exemption waiver will not yield intended federal income tax break

Article Abstract:

This article concerns the possibility of taxpayers erring in claiming the IRC section 164(a)(1) tax deduction for real property taxes where the taxpayers incur the tax by waiving Louisiana homestead property tax exemptions in return for sales and use tax refunds. The same error could also arise under IRC foreign tax credit section 901. IRS Letter Ruling 9109030 does not support deductibility.

Louisiana, Economic aspects, Accounting and auditing, State taxation, Real property tax, Real property taxes, Tax exclusion, Tax refunds, Homestead law, Homestead laws

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Tax break for self-employed not without obstacles

Article Abstract:

The author discusses the IRS allowance, announced in March 1999, of the tax deduction to self-employed persons for the costs of health and accident insurance for employee-spouses. The discussion includes details of the deduction and problems surrounding its application.

Tax Law, Tax Administration, Self-employed persons, Health insurance, Husband and wife, Self employed persons, Husband-wife relations, Insurance, Workers

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