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Taxation & Estate Planning

: TaxProf Blog

WSJ: IRS Seeks to Treat Nursing Home Entrance Fees as Taxable Pre-Paid Rent, Not Tax-Free Interest-Free Loans

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Wall Street Journal, Retirement-Community Operator Battles IRS Over Entrance Fees, by John R. Emshwiller: Classic Residence by Hyatt, a group of businesses that run upscale retirement communities, is battling the IRS over allegations it underpaid its taxes by more than $107 million, in a dispute over the tax treatment of...

Full post as published by TaxProf Blog on June 04, 2010 (boomark / email).

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