Personal Income Tax Planning

The Case of the Missing Cattle-Overvaluation Penalty - Ed Zollars

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Synopsis

This PodCast is about valuation - and overvaluation. Can nonexistent cattle be overvalued? Certainly not a mooo t point! The Ninth Circuit, disagreeing with the Tax Court and other circuits, says it cannot be in the case of Keller v. Commissioner, 2009 TNT 37-17 reversing on this issue the Tax Court's decision in TC Memo 2006-131. The materials for this podcast can be downloaded at http://www.edzollars.com/2009-03-02_Cattle.pdf . This Podcast is sponsored by Leimberg Information Services, Inc. at http://www.leimbergservices.com Please visit our software, books, and PowerPoint Presentations site at http://www.leimberg.com