{"id":890,"date":"2012-09-18T16:15:05","date_gmt":"2012-09-18T21:15:05","guid":{"rendered":"http:\/\/hoorfarlaw.com\/blog\/?p=890"},"modified":"2012-09-18T16:15:05","modified_gmt":"2012-09-18T21:15:05","slug":"letting-the-fire-department-torch-your-house-doesnt-qualify-for-a-write-off","status":"publish","type":"post","link":"https:\/\/hoorfarlaw.com\/blog\/?p=890","title":{"rendered":"&#8220;Letting the fire department torch your house doesn&#8217;t qualify for a write off,&#8221;"},"content":{"rendered":"<p>the Tax Court says to a couple who allowed their local fire department to burn down the home on property they had just bought. After the training exercise, the couple built a custom home on the parcel.\u00a0<a href=\"http:\/\/hoorfarlaw.com\/blog\/wp-content\/uploads\/2012\/09\/firetruck.gif\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-thumbnail wp-image-891\" title=\"firetruck\" src=\"http:\/\/hoorfarlaw.com\/blog\/wp-content\/uploads\/2012\/09\/firetruck-150x150.gif\" alt=\"\" width=\"150\" height=\"150\" \/><\/a>\u00a0 A majority of the Tax Court&#8217;s judges agreed that the couple had given the fire department a license only to use the property, which precludes claiming any tax deduction for the donation. While several judges would have treated the donation as eligible for a deduction, the couple would still have had to prove the value of the gift exceeded the value of the demolition services in order to deduct anything. That&#8217;s a tough hurdle to meet.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>the Tax Court says to a couple who allowed their local fire department to burn down the home on property they had just bought. After the training exercise, the couple built a custom home on the parcel.\u00a0\u00a0 A majority of &hellip; <a href=\"https:\/\/hoorfarlaw.com\/blog\/?p=890\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-890","post","type-post","status-publish","format-standard","hentry","category-general"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/890","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=890"}],"version-history":[{"count":2,"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/890\/revisions"}],"predecessor-version":[{"id":893,"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/890\/revisions\/893"}],"wp:attachment":[{"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=890"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=890"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hoorfarlaw.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=890"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}