Members of Diagnostic Imaging LLC Subject to Self-Employment Taxes

By slooney | November 22, 2013

In Reither v. Commissioner, 112 AFTR2d 2013-6074 (D. N.M.), the court rejected on summary judgment a radiologist’s and his wife’s claim that they were not liable for self-employment tax on their distributive share of income from a diagnostic imaging LLC taxed as a partnership.  Although not clear from the facts of the case, presumably all…

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Steve Looney Speaks at Portland Tax Forum

By slooney | February 18, 2013

Steve Looney, chair of the Dean Mead Tax Department, was a speaker at the Portland Tax Forum on February 14, 2013.  Steve’s program was titled “S Corporation Compensation Reclassification Risks.”  A copy of Steve’s outline is available here:  Looney Portland Outline S Corporation Compensation Reclassification Risks (O0815905)

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Tax Relief for Sale of Livestock Due to Drought

By slooney | July 13, 2012

Earlier today, CNN.com reported that over one thousand counties nationwide are suffering drought conditions.  Most of Florida’s counties are included in that list.  Each year since 2006 the Secretary of the Treasury has extended the four-year period to acquire property similar or related in service or use (“Replacement Property”) under §1033 of the Internal Revenue…

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