Housing Fiasco of a Different Sort-Casualty Loss Issues

Published: Feb. 7, 2009, 4:08 p.m.

b'Housing problems are all over the news (and with some of our clients), but today\'s story is a housing problem of a different sort.\\xa0 We look at a case where lots of things went wrong in building a taxpayers\' dream home where the taxpayers attempted to claim a casualty loss on their tax return.\\xa0 In the cases of Grief v. Commissioner and Bui v. Commissioner, TC Summary Opinion 2009-18, the Tax Court finds that this couple is not going to get any relief from the IRC.

The materials for this week\'s podcast can be downloaded at http://www.edzollars.com/2009-02-09_Casualty.pdf .

I also note in the podcast that I\'m posting updates on Twitter (http://www.twitter.com) .\\xa0 My Twitter name is "edzollars" and if you want to follow me there that\'s fine.

The podcast is sponsored by Leimberg Information Services, located on the web at http://www.leimbergservices.com .'