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Introduction to the Son of Boss Abusive Tax Shelter Transaction

A straightforward analysis of the Son of Boss tax shelter and why it does not work.

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Robert L. Sommers Attorney at Law

Robert Sommers

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San ●●●●isco , California, 94111

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Robert L. Sommers Attorney at Law

Robert Sommers

One Emb●●●●●●● Center

Sui●●●200

San ●●●●isco , California, 94111

United States

(415)●●●●●-2553
(415)●●●●●-7730
rl●@taxprophet.com

View this contact

Robert L. Sommers Attorney at Law

Robert Sommers

One Emb●●●●●●● Center

Sui●●●200

San ●●●●isco , California, 94111

United States

(415)●●●●●-2553
(415)●●●●●-7730
rl●@taxprophet.com

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PAGE TITLE
Introduction to the Son of Boss Abusive Tax Shelter Transaction | son-of-boss.com Reviews
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A straightforward analysis of the Son of Boss tax shelter and why it does not work.
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KEYWORDS
1 tax scams
2 son of boss
3 tax shelter transaction
4 tax scams
5 stepped up basis transactions
6 expert witness
7 tax litigation
8 abusive tax shelter
9 tax specialist
10 high-profile tax cases
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son of boss,article,diagrams,irs documents,court decisions,introduction,attorney bio,expert witness
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Introduction to the Son of Boss Abusive Tax Shelter Transaction | son-of-boss.com Reviews

https://son-of-boss.com

A straightforward analysis of the Son of Boss tax shelter and why it does not work.

INTERNAL PAGES

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1

Son of Boss - IRS Documents

http://www.son-of-boss.com/Son_of_Boss_IRS_Documents.html

Son of Boss - IRS Press Release - August 11, 2000. IRS Notice 2000-44 - August 11, 2000. Treasury Guidance - September 23, 2003. Son of Boss Settlement Initiative - July 1, 2004. Son of Boss - Final Settlement Totals - March 24, 2005. 1 TREASURY SHUTS DOWN SON OF BOSS ABUSIVE TAX SHELTER. August 11, 2000 LS-831. 2 IRS NOTICE 2000-44 (Son of Boss). Cumulative Bulletin Notice 2000-44, , 2000-2 CB 255, August 11, 2000. In Notice 99-59 , 1999-52 I.R.B. 761, the Internal Revenue Service and the Tr...Appropria...

2

Son of Boss - A Diagramatic Presentation

http://www.son-of-boss.com/Son_of_Boss_Diagrams.html

This website is the creation and property of San Francisco tax attorney, Robert L. Sommers. The Inflated Basis Transaction. Click image to download a pdf). Son of Boss Transaction in a Nutshell. Click image to download a pdf). Important disclaimer and notice.

3

Introduction to the Son of Boss Abusive Tax Shelter Transaction

http://www.son-of-boss.com/index.html

This website is the creation and property of San Francisco tax attorney, Robert L. Sommers. NEWS FLASH - February 23, 2012:. Presidential candidate Mitt Romney's involvement with the Son of Boss tax scam. Introduction to Abusive Tax Schemes. Tax Shelters in a Nutshell. Tax shelter promoter sets up two companies, Company A and Company B and funds each company with $50. Company A buys a briefcase for the $50. Promoter devises the following plan:. Client pays $50 in cash. In addition (here's the tax she...

4

Son of Boss - Court Decisions

http://www.son-of-boss.com/Son_of_Boss_Court_Decisions.html

Kornman and Assoc., Inc. v. U.S. 527 F3d 443 (5th Cir. 5/12/08). In Kornman, the Fifth Circuit held that a variant of the son-of-Boss tax shelter lacked economic substance, noting that the obligation to close a short sale position was a "liablity" under the partnership tax law (IRC Sec. 752). Carlos E. Sala et ux. v. U.S. Cemco Investors, LLC v U.S. Jade Trading, LLC v U.S. Klamath Strategic Investment Fund LLC v U.S. Dist Court, Eastern District of Texas, 1/31/2007) No. 5:04-cv-00278. The Federa...655 F...

5

Son of Boss - Article by Robert L. Sommers

http://www.son-of-boss.com/Son_of_Boss_Article.html

This website is the creation and property of San Francisco tax attorney, Robert L. Sommers. For the full article, click here. Important disclaimer and notice.

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SOMMERS TAXAPEDIA | A TAX GUIDE BOOK | Robert L. Sommers | Attorney at Law | San Francisco, California

http://www.sommers-taxapedia.com/books_ICEQ.html

This Action Guide is the product of the author's extensive experience in representing taxpayers before the IRS and California's EDD regarding independent contractor vs. employee controversies. As a full-time practicing attorney in the heart of San Francisco's Financial District, Robert Sommers owns and operates a law firm that specializes in general tax. He is an acknowledged expert in the field of tax law and has written hundreds of articles, columns, and action guides, and spoken at dozens of events.

sommers-taxapedia.com sommers-taxapedia.com

SOMMERS TAXAPEDIA | NEWS & VIDEOS | Robert L. Sommers | Attorney at Law | San Francisco, California

http://www.sommers-taxapedia.com/media.html

Media: News and Videos. For companies and workers engaging in independent contractor relationships, and their tax professionals. INDEPEDENT CONTRACTOR VS. EMPLOYEE ISSUES: THE BASICS. A no-nonsense talk on how to legally and properly protect your assets. Advise for foreign investors and their advisors. TAX AND FOREIGN INVESTORS. For employee or company that receives stock options as part of their compensation. Common tax discussed on issues for individuals and businessess. ROBERT L. SOMMERS.

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YOUR TAX RESOURCE | Robert L. Sommers | International & Domestic Tax Specialist | San Francisco

http://www.sommers-taxapedia.com/index.html

At the Center of the Storm Mossack Fonseca. The Panama Papers leak involves the international law firm Mossack Fonseca (MF) headquartered in Panama, a notorious tax haven country. MF has offices in the U.S. (Nevada and Wyoming) and throughout the planet, conducting business with hundreds of international banks, often spinning an intricate and undetectable web of anonymous companies used to launder dirty money. Often an indication of fraud. MITT ROMNEY'S TAX WORLD. ROBERT L. SOMMERS. ROBERT L. SOMMERS.

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ABOUT THE AUTHOR | Robert L. Sommers | International & Domestic Tax Specialist | San Francisco

http://www.sommers-taxapedia.com/about.html

Attorney at Law San Francisco, California. Robert L. Sommers of San Francisco, California, is a sole practitioner, with more than 32 years experience as a practicing attorney. An international and domestic tax specialist, he has represented and advised numerous U.S. and foreign individuals and small companies on a variety of tax, business and estate planning matters since 1976. For more bio information. Matthew W., San Francisco. Bob Sommers saved me from a huge IRS tax problem a number of years ago....

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SOMMERS TAXAPEDIA | NEWS & VIDEOS | Robert L. Sommers | Attorney at Law | San Francisco, California

http://www.sommers-taxapedia.com/video_Independent-Contractor-vs-Employee-Quagmire.html

Media: News and Videos. Independent Contractor vs. Employee Issues: The basics. For companies and workers engaging in independent contractor relationships, and their tax professionals. INDEPEDENT CONTRACTOR VS. EMPLOYEE ISSUES: THE BASICS. A no-nonsense talk on how to legally and properly protect your assets. Advise for foreign investors and their advisors. TAX AND FOREIGN INVESTORS. For employee or company that receives stock options as part of their compensation. TAX AND FOREIGN INVESTORS.

sommers-taxapedia.com sommers-taxapedia.com

SOMMERS TAXAPEDIA | ARTICLES & NEWSLETTERS | Robert L. Sommers | Attorney at Law | San Francisco, California

http://www.sommers-taxapedia.com/archives.html

IRS Settlement Program Independent Contractors vs. Employees. Independent Contractor vs. Employee: The Basics (Part 3 of 3). Independent Contractor vs. Employee: The Basics (Part 2 of 3). Independent Contractor vs. Employee: The Basics (Part 1 of 3). Foreign Gifts and Inheritances. July 1, 2011). Foreign Bank Accounts and Undisclosed Income: IRS’s 2011 Offshore Voluntary Disclosure Initiative, Part 2 of 2 (OVDI). Estate and Gift Tax Demise? Part 3 of 3. Estate and Gift Tax Demise? Part 2 of 3. Part 1 of 3.

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SOMMERS TAXAPEDIA | ARTICLES & NEWSLETTERS | Robert L. Sommers | Attorney at Law | San Francisco, California

http://www.sommers-taxapedia.com/articles.html

Tax and Trust Scams. Taxpayers with Foreign Income or Accounts. The best things in life are free, but sooner or later the government will find a way to tax them. Question: " I understand that Congress is considering a so-called 'flat' tax system. How would this work? Taxes, after all, are dues that we pay for the privileges of membership in an organized society. Franklin D. Roosevelt. ROBERT L. SOMMERS. ROBERT L. SOMMERS.

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SOMMERS TAXAPEDIA | ARTICLES & NEWSLETTERS | Robert L. Sommers | Attorney at Law | San Francisco, California

http://www.sommerstaxapedia.com/archives.html

IRS Settlement Program Independent Contractors vs. Employees. Independent Contractor vs. Employee: The Basics (Part 3 of 3). Independent Contractor vs. Employee: The Basics (Part 2 of 3). Independent Contractor vs. Employee: The Basics (Part 1 of 3). Foreign Gifts and Inheritances. July 1, 2011). Foreign Bank Accounts and Undisclosed Income: IRS’s 2011 Offshore Voluntary Disclosure Initiative, Part 2 of 2 (OVDI). Estate and Gift Tax Demise? Part 3 of 3. Estate and Gift Tax Demise? Part 2 of 3. Part 1 of 3.

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