|
Posted by Alan on December 20, 2007, 3:40 pm
Please log in for more thread options
This issue comes up every year. The IRS has now addressed it in
Revenue Ruling 2008-05
(http://www.irs.gov/pub/irs-drop/rr-08-05.pdf).
Anyone care to guess which way they came down?
Hint: See Security First National Bank of Los Angeles, 28 BTA 289
(1933). yes... that is 1933.
|