240 E Tudor Rd Ste 230, Anchorage, AK 99503 — 907-375-9250
Anchorage Alaska Tax Lawyer Services
Clayton Walker, Attorney
Alaska Law Offices, Inc.
240 E Tudor Rd, Ste. 230
Anchorage, AK 99503
By: Clayton Walker, JD
The IRS issues lots of different notices for lots of different reasons, as tax attorney‘s we’ve seen a lot of these notices. In the upper right section of the notice should be a code. The code explains the purpose of the notice. We’ve assembled a table of the various kinds of notices that they may send you.
The Kaylors live in the north parcel, 4500 E 135th. The McCarrey’s live in the south parcel, 4530 E 136th. Between them lies a strip of land that looks like a road. The parties agree that the strip of land is owned by the McCarreys; but, they don’t agree as to whether the McCarrey’s can exclude the Kaylor’s from their own property.
The Kaylors like to store their Alaska toys at the back of their lot so they don’t have to see their own collection of used vehicles. Instead, they’d like to leave them in full view of the MCCarrey’s front windows and drive way. The McCarrey’s proposed fencing the area and installing a gate to reduce the Kaylor’s access and to encourage them to store their stuff somewhere else. The Kaylors sued to prevent the fence.
The trial court granted the injunction. The Alaska Supreme court overruled this holding and remanded the matter back to the trial court for additional findings. Specifically, the land grant that created the interest provided for a public right of way. However, the parties had not addressed any evidence to the issue of whether the public right of way grant had been accepted by any governmental agency. If it turns out that the grant was accepted as a public right of way the Kaylors can keep piling stuff up in the McCarrey’s front view.
http://www.courts.alaska.gov/ops/sp-6767.pdf
Nullum Tempus Occurrit Regi — No Time Runs Against the King.
Legal source material, cases, statutes, regulations and other information is available from a wide variety of sources for free.
Closely held businesses with more than a single owner should have buy-sell provisions that address what happens on the death or disablility of an owner. These agreeements can also address proposed exit strategies, dispute resolution, managment structure, noncompete agreements, antidilution provisions and valuation methods. The meat of the agreement tends to be the right or obligation to buy or sell an owners interest. Continue reading “Buy-Sell Provisions in LLC Operating Agreements”
|
|
Few taxpayers realize, back payroll taxes can be negotiated down using the IRS Offer in Compromise program just like other taxes. The advantages of this include:
1. A More favorable repayment schedule.
2. You can direct payments to the Trust Fund Penalty Taxes.
3. You can avoid paying the Trust Fund Penalty personally.
4. The Offer in Compromise is NOT Considered by your Revenue Officer.
5. No interest on repayment.
6. Collection hold in place.
Offers in Compromise are an excellent tool to pay outstanding payroll tax liabilities.
Since the passive activity loss rules of Sec. 469 were enacted in 1986, practitioners have wrestled with the concept. They are often faced with an arduous task in obtaining the relevant facts to ensure their clients’ compliance with the rules. Clients’ participation levels in various activities usually require annual examination, and material participation can sometimes be difficult to discern, especially with LLC members or limited liability partnership partners. The activity grouping rules of Regs. Sec. 1.469-4, which were Continue reading “Activity Grouping: The Impact of Recent Developments”
Depreciation and Changes in Use of Real Property.
Interesting traps for the unwary when you change the use of depreciable property from residential to nonresidential. Because residential property is depreciated about 30% faster that nonresidential. I wonder how many real estate operators will convert commercial space to residential to acceleration investment recovery.
The Tax Times: The Internet Sales Tax Exemption About To Expire?.
Oh how the world would change if the internet shippers have to remit and pay state and local sales taxes to the cities and states of their customers. All of the UPS and Fedex shipping that has been subsidized by the uncollected and unpaid taxes will likely slow down. The states and municipalities will finally start seeing a recovery after two decades of declining tax base.
