Timely points of particular interest
Divide and Conquer--In a new case, a couple purchased a huge tract of land in Texas where they planned to build their dream home. But they later decided they didn't need the entire property. So they carved it up and sold the lots sporadically over time, mainly to friends and family members. Because advertising was minimal, the Tax Court determined the couple wasn't actively trying to sell the lots to customers. Thus, gains from the sales qualified for tax-favored capital-gain treatment.
Thanking Employees--Even if your company cannot provide employees the bonuses it has granted in the past, it is still worthwhile to recognize their contributions. One example: A simple thank-you letter can go a long way toward helping workers feel good about themselves. The letter is especially powerful if it is handwritten or, even if sent by e-mail, includes a personal touch. Do not use an obvious form letter. Some appreciative employees may post the thank-you note at their desks or workstations.

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