Podcasts about tc no

Bienvenidos a Andalucía Informa, un podcast de Europa Press. En este espacio podrás conocer en unos minutos las noticias más relevantes de nuestra comunidad. Hoy es 9 de abril y estas son algunas de las informaciones más destacadas en nuestra agencia. La Junta autoriza recurrir al TC el cambio legal del Gobierno para el reparto de menores migrantes no acompañados Andalucía avisa: El nuevo decreto del Gobierno para crear universidades privadas "puede rozar la inconstitucionalidad"PSOE-A pide "cerrar el capítulo" de los ERE y "acatar la contundente" sentencia del TC: "No hay precedente de ir al TJUE"Recuerda que puedes encontrar estas y otras muchas noticias en la sección de Andalucía en nuestra web europapress.es. 

Este miércoles compartimos El Primer Café junto a Cristián Labbé (UDI), Alejandra Krauss (DC), Flavia Torrealba (FRVS) y Luis Pardo (RN); El diputado Cristián Labbé abogó porque "los padres tengamos el derecho de poder elegir la educación de nuestros hijos", después de que el Tribunal Constitucional desestimara el reclamo de la derecha contra la educación no sexista; "Hablar de la ideología de género como si viniera el cuco es falta de información, y claramente un prejuicio", subrayó la presidenta de la Federación Regionalista Verde Social (FRVS), Flavia Torrealba, tras el dictamen del Tribunal Constitucional sobre la ley integral contra la violencia hacia las mujeres. Conduce Cecilia Rovaretti.

Este martes el Tribunal Constitucional entregaría su veredicto ante el requerimiento presentado por algunos senadores para impugnar 13 indultos del Presidente Boric. "Estos indultos son facultades que la Constitución le da directamente y de manera exclusiva al presidente de la república y, por lo tanto, son facultades que deben ser controladas políticamente", expresó Cristián Riego, académico de la Facultad de Derecho de la Universidad Diego Portales.

Este martes el Tribunal Constitucional entregaría su veredicto ante el requerimiento presentado por algunos senadores para impugnar 13 indultos del Presidente Boric. "Estos indultos son facultades que la Constitución le da directamente y de manera exclusiva al presidente de la república y, por lo tanto, son facultades que deben ser controladas políticamente", expresó Cristián Riego, académico de la Facultad de Derecho de la Universidad Diego Portales.

El Tribunal Constitucional decidió paralizar la tramitación parlamentaria en el Senado de dos enmiendas impulsadas por el Gobierno para desbloquear su renovación. En Las Mañanas de RNE, María Jesús del Barco, presidenta de la Asociación Profesional de la Magistratura (APM), asegura que se puede seguir con la tramitación del texto, pero que lo único con lo que no se puede seguir son con esas enmiendas. Asegura que es una garantía para todos los ciudadanos que “la tramitación de la legislación se haga por los debidos cauces” y sobre la apreciación de Bolaños de que se ha decidido de manera breve, Del Barco insiste en que “las medidas cautelares tienen ese carácter urgente.” Además, rechaza las acusaciones de golpismo y recalca que “no es un golpe, es una resolución del Tribunal Constitucional.” Escuchar audio

Mais um Episódio do nosso programa The Valve Club Academy! Nesse Click Valvar, grandes Insights sobre o uso da Tomografia de Coração no TAVI! Está demais!

Santi González comenta la ignorancia de Meritxel Batet y recuerda sus grandes logros votando iniciativas inconstitucionales.

El académico y abogado constitucionalista de la Universidad Diego Portales, Javier Couso, se refirió a la decisión que tomó el Ejecutivo sobre recurrir al Tribunal Constitucional para frenar el proyecto del tercer retiro del 10%, asegurando que "no visualizo mayores problemas en que esto se declare admisible".

El académico y abogado constitucionalista de la Universidad Diego Portales, Javier Couso, se refirió a la decisión que tomó el Ejecutivo sobre recurrir al Tribunal Constitucional para frenar el proyecto del tercer retiro del 10%, asegurando que "no visualizo mayores problemas en que esto se declare admisible".

El diputado por el Frente Regionalista Verde y Social, Jaime Mulet, indicó que desde la oposición se encuentran estudiando la acción "por la serie de medidas en materia sanitaria que no ha tomado, pese a estar informado, y por la ayuda económica que no ha llegado".

El diputado por el Frente Regionalista Verde y Social, Jaime Mulet, indicó que desde la oposición se encuentran estudiando la acción "por la serie de medidas en materia sanitaria que no ha tomado, pese a estar informado, y por la ayuda económica que no ha llegado".

El presidente de la Democracia Cristiana tildó al Ejecutivo de "irresponsable, porque está generando una crisis institucional. Los mandatarios tienen que tener la prudencia en la toma de decisiones", señalando que con todo lo ocurrido, el Jefe de Estado conduce al país a un estado de "confrontación, de indignación, de rabia".

El presidente de la Democracia Cristiana tildó al Ejecutivo de "irresponsable, porque está generando una crisis institucional. Los mandatarios tienen que tener la prudencia en la toma de decisiones", señalando que con todo lo ocurrido, el Jefe de Estado conduce al país a un estado de "confrontación, de indignación, de rabia".

Giulliana Loza, abogada de Keiko Fujimori, argumentó que hay lo que llamó "una cadena constante de abusos" y "una presión" para que su defendida siga en prisión.

Giulliana Loza, abogada de Keiko Fujimori, argumentó que hay lo que llamó "una cadena constante de abusos" y "una presión" para que su defendida siga en prisión.

El Tribunal Constitucional se pronunció hoy sobre la demanda competencial presentada por el gobierno de Martín Vizcarra respecto a la naturaleza de la vacancia por incapacidad moral.

A transformação digital é uma realidade na área da saúde, e o Diagnóstico por Imagem vem sendo revolucionado constantemente. Aos profissionais que atuam neste meio, é fundamental que estejam atualizados para encarar o mercado que vive estas mudanças. Neste episódio, o bate papo foi com Renato Cunha, Vice Presidente de Vendas e Operações para América Latina na RapidAI, empresa de tecnologia, que possuio softwares para apoio ao diagnóstico do AVC.  Não deixe de ouvir para saber o que é realidade, e as perspectivas de futuro nesta área. Renato Cunha: https://www.linkedin.com/in/renatobcunha/ RapidAI: https://www.rapidai.com/

Dra. Laurie H. Sehn, do BC Cancer de Vancouver, apresentou os resultados atualizados do estudo avaliando o emprego do PET-TC para guiar o tratamento de pacientes com linfoma difuso de grandes células B com doença limitada (estádios I/II, ausência de sintomas B e conglomerado linfonodal < 10 cm).

Rat Pack 12-6-18

Rat Pack 12-6-18

What if a customer tells you they are going to reduce what they pay you for the work you just delivered to them because you owe them to fix for a bad job you did on an earlier contract?  If you are on the accrual basis, can you reduce your accrued receivable or record an expense if you are disputing that claim?  That is the issue being dealt with this week in the case of Trinity Industries v. Commissioner, 132 TC No. 2.The written materials can be downloaded at http://www.edzollars.com/2009-02-02_Timing.pdf .The podcast is sponsored by Leimberg Information Services, located on the web at http://www.leimbergservices.com .

This PodCast is about the timing of income you report and deductions you take. What if a customer tells you they are going to reduce what they pay you for the work you just delivered to them because you owe them to fix the "bad job" you did on an earlier contract? If you are on the accrual basis, can you reduce your accrued receivable or record an expense if you are disputing that claim? That is the issue being dealt with in the case of Trinity Industries v. Commissioner, 132 TC No. 2. The written materials can be downloaded at http://www.edzollars.com/2009-02-02_Timing.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

We look this week at a difference in application of IRC §162(k) between the Ninth Circuit Court of Appeals and the United States Tax Court given the Tax Court's decision in Ralston Purina v. Commissioner, 131 TC No. 4 that dealt with the taxpayer's attempt to claim a deduction for dividends paid to participants in its ESOP when it had to redeem certain stock from the ESOP to pay out terminated participants in that plan.The materials can be downloaded from http://www.edzollars.com/2008-09-15_ESOP.pdf .The podcast is sponsored by Leimberg Information Services, located on the web at http://www.leimbergservices.com .

This PodCast examines a difference in application of IRC "162(k) between the Ninth Circuit Court of Appeals and the United States Tax Court given the Tax Court's decision in Ralston Purina v. Commissioner, 131 TC No. 4 that dealt with the taxpayer's attempt to claim a deduction for dividends paid to participants in its ESOP when it had to redeem certain stock from the ESOP to pay out terminated participants in that plan. The materials can be downloaded from http://www.edzollars.com/2008-09-15_ESOP.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

This PodCast examines a difference in application of IRC "162(k) between the Ninth Circuit Court of Appeals and the United States Tax Court given the Tax Court's decision in Ralston Purina v. Commissioner, 131 TC No. 4 that dealt with the taxpayer's attempt to claim a deduction for dividends paid to participants in its ESOP when it had to redeem certain stock from the ESOP to pay out terminated participants in that plan. The materials can be downloaded from http://www.edzollars.com/2008-09-15_ESOP.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

This PodCast examines a difference in application of IRC "162(k) between the Ninth Circuit Court of Appeals and the United States Tax Court given the Tax Court's decision in Ralston Purina v. Commissioner, 131 TC No. 4 that dealt with the taxpayer's attempt to claim a deduction for dividends paid to participants in its ESOP when it had to redeem certain stock from the ESOP to pay out terminated participants in that plan. The materials can be downloaded from http://www.edzollars.com/2008-09-15_ESOP.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

This PodCast reviews the step transaction doctrine and where the line is drawn when we deal with the application of the step transaction doctrine in the formation of a family limited partnership. The IRS attempted to use their victory in the Senda case to get the same result in Holman v. Commissioner, 130 TC No. 12. But in an opinion that reminds us of the importance of the facts of the specific case in question, the Tax Court refused to take that step. Materials for this week's podcast can be downloaded from http://edzollars.com/2008_06_09_Holman.pdf. Be sure to also look at the commentary of Owen Fiore, Paul Hood, and Jeff Pennell in our LISI Estate Planning archives. 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

This PodCast reviews the step transaction doctrine and where the line is drawn when we deal with the application of the step transaction doctrine in the formation of a family limited partnership. The IRS attempted to use their victory in the Senda case to get the same result in Holman v. Commissioner, 130 TC No. 12. But in an opinion that reminds us of the importance of the facts of the specific case in question, the Tax Court refused to take that step. Materials for this week's podcast can be downloaded from http://edzollars.com/2008_06_09_Holman.pdf. Be sure to also look at the commentary of Owen Fiore, Paul Hood, and Jeff Pennell in our LISI Estate Planning archives. 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

This week we look at the step transaction doctrine and where the line is drawn when we deal with the application of the step transaction doctrine in the formation of a family limited partnership.  The IRS attempted to use their victory in the Senda case to get the same result in the case we'll look at this week, Holman v. Commissioner, 130 TC No. 12.  But in an opinion that reminds of the importance of the facts of the specific case in question, the Tax Court refused to take that step. Materials for this week's podcast can be downloaded from http://edzollars.com/2008_06_09_Holman.pdf .The podcast is sponsored by Leimberg Information Services, located on the web at http://www.leimbergservices.com .

This week we look at recent cases where the IRS lost a statute of limations case.  In the case of Bakersfield Energy Partners, LP, 128 TC No. 17, the question was whether an overstatement of basis used in computing a Section 1231 gain could result in omission from gross income that triggers the six year statute of limitations under §6629 and §6501.   The Tax Court decided the answer was no.The materials can be downloaded at http://www.edzollars.com/2007-06-22_Limits.pdf .The podcast is sponsored by Leimberg Information Services, located on the web on http://www.leimbergservices.com .

This PodCast provides a look at recent cases where the IRS lost a statute of limations argument. In the case of Bakersfield Energy Partners, LP, 128 TC No. 17, the question was whether an overstatement of basis used in computing a Section 1231 gain could result in omission from gross income that triggers the six year statute of limitations under Code Sections 6629 and 6501. The Tax Court decided the answer was "No". The materials can be downloaded at http://www.edzollars.com/2007-06-22_Limits.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

This PodCast provides a look at recent cases where the IRS lost a statute of limations argument. In the case of Bakersfield Energy Partners, LP, 128 TC No. 17, the question was whether an overstatement of basis used in computing a Section 1231 gain could result in omission from gross income that triggers the six year statute of limitations under Code Sections 6629 and 6501. The Tax Court decided the answer was "No". The materials can be downloaded at http://www.edzollars.com/2007-06-22_Limits.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

When Section 6501(c) refers to a false and fraudulent return, does the IRS need to show that the taxpayer was involved in the fraud to get the benefit of the unlimited statute of limitations to assess tax?  Or is it enough to show only that the preparer was involved in preparing a false return with the intent to evade tax on behalf of the taxpayer?  That's the issue the Tax Court considered in the case of Allen v. Commissioner, 128 TC No. 4.The supporting materials for this podcast can be downloaded from http://edzollars.com/2007-03-10_Preparer_Fraud.pdf .The podcast is sponsored by Leimberg Information Services, located on the web at http://www.leimbergservices.com .

This Podcast concerns the income tax statute of limitations. When Code Section 6501(c) refers to a false and fraudulent return, does the IRS need to show that the taxpayer was involved in the fraud to be able to use the unlimited statute of limitations to assess tax? Or is it enough to show only that the preparer was involved in preparing a false return with the intent to evade income tax on behalf of the taxpayer? That's the issue the Tax Court considered in the case of Allen v. Commissioner, 128 TC No. 4.The supporting materials for this podcast can be downloaded from http://edzollars.com/2007-03-10_Preparer_Fraud.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

83(b) elections were all the rage, especially for those with stock options during the dot com bubble--and now many of those individuals regret the election.  This week the Tax Court considered the case of Anthony Kadillak (Kadillak v. Commissioner, 127 TC No. 13) who sought to escape the consequences of his 83(b) election and subsequent forfeiture of a portion of the shares through various means. The materials can be downloaded at http://edzollars.com/2006-11-11_83b_and_AMT.pdf .I'm going to Ohio this week, speaking in Dublin, Ohio just outside of Columbus on Monday, and Canton on Tuesday.  After that, I will do a technology update at the Virginia Beach version of the Virginia Accounting & Auditing Conference on Thursday.The podcast is sponsored by Leimberg Information Services, located at http://www.leimbergservices.com .

This PodCast is about Section 83 elections. 83(b) elections were all the rage, especially for those with stock options during the dot com bubble--and now many of those individuals regret the election. The Tax Court considered the case of Anthony Kadillak (Kadillak v. Commissioner, 127 TC No. 13) who sought to escape the consequences of his 83(b) election and subsequent forfeiture of a portion of the shares through various means. The materials can be downloaded at http://edzollars.com/2006-11-11_83b_and_AMT.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

This Podcast is about the GST. The Tax Court reasserted its previously stated position on the treatment of the GST grandfathering provision for trusts in existence on September 25, 1985 when a party holds a general power of appointment under that trust. It held that the IRS final regulations that treat such a power as removing the trust transfers from the protection of the grandfathering provisions are valid, despite cases decided by the Eighth and Ninth Circuit where it was held the plain language of the grandfathering provisions meant that such powers were to be ignored for this purpose. The Tax Court and the Second Circuit had previously held such a position to be a valid interpretation of the law. Now it appears the Sixth Circuit, which has not yet been heard on this matter, will gets its say in the Gerson Estate case (127 TC No. 11). The materials can be downloaded from http://edzollars.com/2006-10-28_Plain_Language.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

This Podcast is about the GST. The Tax Court reasserted its previously stated position on the treatment of the GST grandfathering provision for trusts in existence on September 25, 1985 when a party holds a general power of appointment under that trust. It held that the IRS final regulations that treat such a power as removing the trust transfers from the protection of the grandfathering provisions are valid, despite cases decided by the Eighth and Ninth Circuit where it was held the plain language of the grandfathering provisions meant that such powers were to be ignored for this purpose. The Tax Court and the Second Circuit had previously held such a position to be a valid interpretation of the law. Now it appears the Sixth Circuit, which has not yet been heard on this matter, will gets its say in the Gerson Estate case (127 TC No. 11). The materials can be downloaded from http://edzollars.com/2006-10-28_Plain_Language.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

The Tax Court this week reasserted its previously stated position on the treatment of the GST grandfathering provision for trusts in existence on September 25, 1985 when a party holds a general power of appointment under that trust.  The Tax Court held that the IRS final regulations that treat such a power as removing the trust transfers from the protection of the grandfathering provisions are valid, despite cases decided by the Eighth and Ninth Circuit where it was held the plain language of the grandfathering provisions meant that such powers were to be ignored for this purpose.The Tax Court and the Second Circuit had previously held such a position to be a valid interpretation of the law.  Now it appears the Sixth Circuit, which has not yet been heard on this matter, will gets its say in the Gerson Estate case (127 TC No. 11).The materials can be downloaded from http://edzollars.com/2006-10-28_Plain_Language.pdf .The podcast is sponsored by Leimberg Information Services, located on the web at http://www.leimbergservices.com.

This Podcast is about the GST. The Tax Court reasserted its previously stated position on the treatment of the GST grandfathering provision for trusts in existence on September 25, 1985 when a party holds a general power of appointment under that trust. It held that the IRS final regulations that treat such a power as removing the trust transfers from the protection of the grandfathering provisions are valid, despite cases decided by the Eighth and Ninth Circuit where it was held the plain language of the grandfathering provisions meant that such powers were to be ignored for this purpose. The Tax Court and the Second Circuit had previously held such a position to be a valid interpretation of the law. Now it appears the Sixth Circuit, which has not yet been heard on this matter, will gets its say in the Gerson Estate case (127 TC No. 11). The materials can be downloaded from http://edzollars.com/2006-10-28_Plain_Language.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

Is a distribution made to a surviving spouse that was rolled to her IRA but can be traced to her deceased spouse's IRA account eligible for the death benefit exception to Section 72(t)?  Considering a nearly $100,000 penalty was on the table, the taxpayer in the case of Gee v. Commissioner (127 TC No. 1) certainly hoped the Tax Court would answer yes.  Unfortunately for her, the Tax Court answered in the negative.  We look at the facts of her case, as well as the whole question of whether a surviving spouse should elect to treat an IRA as his/her own or take it as a beneficiary.The materials can be downloaded at http://www.edzollars.com/2006-07-29_IRA_Spouse.pdf .The podcast is sponsored by Leimberg Information Services (who had an email newsletter on this topic earlier this week), located on the web at http://www.leimbergservices.com .

This PodCast is about the Section 72(t) penalty tax on premature distributions and the question, "Is a distribution made to a surviving spouse that was rolled to her IRA but can be traced to her deceased spouse's IRA account eligible for the death benefit exception to Section 72(t)?" Considering a nearly $100,000 penalty was on the table, the taxpayer in the case of Gee v. Commissioner (127 TC No. 1) certainly hoped the Tax Court would answer "Yes". Unfortunately for her, the Tax Court answered in the negative. We look at the facts of her case, as well as the whole question of whether a surviving spouse should elect to treat an IRA as his/her own or take it as a beneficiary.The materials can be downloaded at http://www.edzollars.com/2006-07-29_IRA_Spouse.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

This PodCast is about the Section 72(t) penalty tax on premature distributions and the question, "Is a distribution made to a surviving spouse that was rolled to her IRA but can be traced to her deceased spouse's IRA account eligible for the death benefit exception to Section 72(t)?" Considering a nearly $100,000 penalty was on the table, the taxpayer in the case of Gee v. Commissioner (127 TC No. 1) certainly hoped the Tax Court would answer "Yes". Unfortunately for her, the Tax Court answered in the negative. We look at the facts of her case, as well as the whole question of whether a surviving spouse should elect to treat an IRA as his/her own or take it as a beneficiary.The materials can be downloaded at http://www.edzollars.com/2006-07-29_IRA_Spouse.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

This PodCast is about the Section 72(t) penalty tax on premature distributions and the question, "Is a distribution made to a surviving spouse that was rolled to her IRA but can be traced to her deceased spouse's IRA account eligible for the death benefit exception to Section 72(t)?" Considering a nearly $100,000 penalty was on the table, the taxpayer in the case of Gee v. Commissioner (127 TC No. 1) certainly hoped the Tax Court would answer "Yes". Unfortunately for her, the Tax Court answered in the negative. We look at the facts of her case, as well as the whole question of whether a surviving spouse should elect to treat an IRA as his/her own or take it as a beneficiary.The materials can be downloaded at http://www.edzollars.com/2006-07-29_IRA_Spouse.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

The Tax Court looked at the interaction of the $3,000 capital loss limitation and the alternative minimum tax basis adjustment on the sale of shares originally obtained via the exercise of incentive stock options in a prior year.  The case in question is Merlo v. Commissioner, 126 TC No. 10.In the case at hand, a taxpayer had exercised stock options at the end of $2,000 and obtained his stock at a price that was more than $1,000,000 less than the market price at the time.  Under the rules for ISOs, that fair market value spread was not taxable for regular income tax purposes, but was taxable for AMT purposes, generating a substantial AMT liability.However, things did not go well for the stock in 2001 and, by year end, Mr. Merlo's stock was worthless.  The Tax Court considered whether, when Mr. Merlo disposed of his stock, he could take the full basis differential against alternative minimum taxable income in 2001 and generate an AMT net operating loss to carry back to 2000 to recoup much or all of his AMT liability in that year.  Their answer was not the one Mr. Merlo wanted.The materials can be downloaded at http://edzollars.com/2006-05-06_AMT_Capital_Loss.pdf.This week we're adding some theme music, music licensed from www.podcastthemes.com.The podcast is sponsored by Leimberg Information Services, found on the web at http://www.leimbergservice.com.

This Podcast concerns the $3,000 Capital Loss Cap and the AMT. The Tax Court looked at the interaction of the $3,000 capital loss limitation and the alternative minimum tax basis adjustment on the sale of shares originally obtained via the exercise of incentive stock options in a prior year. The case in question is Merlo v. Commissioner, 126 TC No. 10.In the case at hand, a taxpayer had exercised stock options at the end of $2,000 and obtained his stock at a price that was more than $1,000,000 less than the market price at the time. Under the rules for ISOs, that fair market value spread was not taxable for regular income tax purposes, but was taxable for AMT purposes, generating a substantial AMT liability.However, things did not go well for the stock in 2001 and, by year end, Mr. Merlo's stock was worthless. The Tax Court considered whether, when Mr. Merlo disposed of his stock, he could take the full basis differential against alternative minimum taxable income in 2001 and generate an AMT net operating loss to carry back to 2000 to recoup much or all of his AMT liability in that year. Their answer was not the one Mr. Merlo wanted.The materials can be downloaded at http://edzollars.com/2006-05-06_AMT_Capital_Loss.pdf.This week we're adding some theme music, music licensed from www.podcastthemes.com. 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