Burgess J.W. Raby, Esq., and William L. Raby, CPA, both associated with the Raby Law Office, Tempe, Ariz., discuss cases concerning the treatment of S corporation debt vis-a-vis shareholder tax basis for purposes of deducting losses

Burgess J.W. Raby, Esq., and William L. Raby, CPA, both associated with the Raby Law Office, Tempe, Ariz., examine recent cases dealing with valuation of large blocks of inventory, such as art collections and real estate holdings

Burgess J.W. Raby, Esq., and William L. Raby, CPA, both associated with the Raby Law Office, Tempe, Ariz., discuss some recent cases dealing with taxpayers involved with real estate and the passive activity loss rules

Burgess J.W. Raby, Esq., and William L. Raby, CPA, highlight the Service's ongoing reversal in favor of the cash method of accounting for small businesses, but caution taxpayers and practitioners that the accrual method may still be useful