James R. Malone, Jr.
Post & Schell, P.C.

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Four Penn Center
1600 JFK Boulevard
Philadelphia, PA 19103, United States
Phone: 215-587-1051
Fax: 215-320-4700
Areas of Practice
  • Appellate Practice
  • Litigation
  • Taxation

Be a Little Subtle: A Look at Bad Tax Planning

This post summarizes a recent memorandum opinion in which the Tax Court addressed some fairly aggressive tax planning a Texas couple got talked into…more
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Don’t Try This at Home: Equitable Doctrines Are for Governments, Not for Taxpayers.

This post covers a recent Tax Court case where two taxpayers sought to have the court focus on the substance of a transaction, not its form. Since they selected the form, this argument went nowhere…more
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Heal Thyself: A Look at Audits Of Hospital Organizations under Section 501(r)

This post covers IRS examination activity aimed at testing compliance with section 501(r) of the Internal Revenue Code by hospital organizations…more
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Win Some, Lose Some: The Pennsylvania Supreme Court on Uniformity

Last week, the Supreme Court of Pennsylvania issued its long-awaited decision in the Nextel case, which involved a challenge to the structure of the net loss carryover deduction under Pennsylvania’s Corporate Net Income Tax as a…more
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Flirting with Disaster: A Look at How Tax-Exempt Status Can Be Revoked.

When a non-profit organization is audited by the IRS, it is literally life-threatening, as its continued status as a tax-exempt organization is put at risk. This post provides an oversight of the process…more
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Transferee Liability: Another Vote for Substance over Form Under State Law.

Recently, the Eleventh Circuit ruled that a substance over form analysis modeled on federal tax cases was a viable method to establish a transfer for purposes of state fraudulent transfer laws by recasting a transaction to…more
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Tax Procedure: Corporate Inversion Regulation Invalidated

On September 29th, a district court in Texas invalidated a temporary regulation aimed at inversions that was promulgated in 2016 under section 7874. This post provides the background to the decision…more
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Tax Procedure: Sometimes It’s Who You Know, Not What You Know

This post covers a taxpayer-friendly ruling issued by the Tax Court last week on the accuracy-related penalty in the context of a tax shelter. Relatively informal advice from a friend and former colleague was sufficient for the…more
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Tax Shelters: Denied a Claim for Foreign Tax Credits, Wells Fargo’s Effort to Claim a Deduction Fails.

This post covers the latest chapter in the long-running case involving Wells Fargo's STARS transaction. Last week, the district court rejected the taxpayer's effort to deduct the taxes it incurred in connection with the…more
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Just Because You Say It’s Debt Doesn’t Mean It Is: Substance over Form in Action

One of the common instances where substance over form issues arise is in the treatment of what purports to be debt as an equity investment. Last week, the Tax Court decided one of these cases, which is covered by this post…more
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A Little Sauce for the Gander: The Ninth Circuit Holds that a Bankruptcy Trustee Can Recoup Tax Payments from the IRS as Fraudulent Transfers Under Applicable State Law

The IRS routinely relies upon state fraudulent transfer statutes to recover delinquent taxes from third parties who received property from the taxpayer. Last week, the Ninth Circuit ruled that payments to the IRS can be…more
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Micro-Captive Insurers: The Tax Court Disallows Deductions Following Trial

The Tax Court recently conducted what is apparently the first trial on the tax treatment of micro-captive insurance arrangements. This post summarizes the court's analysis, which has potentially broad implications…more
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Not So Strict Construction: The Fifth Circuit Examines Conservation Easements

A divided Fifth Circuit panel issued an opinion that upheld a conservation easement, while ruling that the normal standard of strict construction applicable to tax deductions should not apply to a conservation easement. The…more
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ALMOST ANYONE CAN BE A FELON: THE TROUBLING SCOPE OF TAX OBSTRUCTION, PART II.

This post continues coverage of the scope of "tax obstruction," which will be considered by the Supreme Court in its upcoming term…more
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ALMOST ANYONE CAN BE A FELON: THE TROUBLING SCOPE OF TAX OBSTRUCTION, PART I.

This term, the Supreme Court will be reviewing the scope of the omnibus clause of section 7212(a) of the Internal Revenue Code, which provides that someone who “corruptly or by force or threats of force (including any…more
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