Tag Archives: Economic Substance

Posts tagged "Economic Substance"
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October 30, 2024Ben WagnerCategories: Ben Wagner, Income and Deductions, Internal Revenue ServiceTags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Treasury and Internal Revenue Service Crack Down on Related-Party Basis Shifting

In June of 2024, the Internal Revenue Service (IRS) issued guidance attempting to address the percei...

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June 26, 2024Ben WagnerCategories: Audits, Ben Wagner, Charitable Contributions, U.S. Tax CourtTags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

The Challenges for Art Donation (Part 2 of 3): Economic Substance

As discussed in part one of this series on art donations, a taxpayer who wishes to receive a tax ded...

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