Some towns now are reckoning with a reduction of 10% or more in the value of their taxable property from Sandy, and at least one, Mantaloking, with more than a 30% decline, according to the latest tax assessments.

WSJ: Battle of the Beach

In another significant departure from current law, the proposed law would make distributions of appreciated property a taxable event, with the partnership or S corporation recognizing gain as if they sold the property for its fair market value.

FORBES: Business Return Due Dates

A-19: Registered domestic partners who reported community income without regard to community property laws for a taxable year beginning before 2010 are generally not required to amend those returns to report half of the community income.

FORBES: Registered Domestic Partners and Same-Sex Spouses in California - More Questions Than Answers

Start with a key rule: any money or property you receive is presumed taxable unless you can prove it falls into a recognized exception.

FORBES: Contract Cancellations Trigger Taxes

Tax law allows this as long as no more than 20% of a REIT's property value is in a taxable subsidiary, and Sunrise makes up only 10% of Ventas' assets.

FORBES: Magazine Article

To his rescue came quirky Section 1031 of the tax code, under which the owner of investment property (a farm, an airplane, you name it) who swaps it for similar property does not recognize a taxable gain.

FORBES: Trading Places

The tax burden shrinks as the value of the property or vehicle purchased falls below the highest taxable value.

FORBES: Rich Russians Also Lament New Tax Hikes