The December 2012 issue of AICPA’s national magazine, The Tax Advisor, is now available online. Inside this issue, the “Tax Clinic” section features two articles authored by Michael D. Koppel, CPA and a partner of Gray, Gray & Gray. Michael shares why “Nonrefundable Milestone Fees Do Not Qualify as Success-Based” and demystifies the question of “Is the Sale of Real Property Ordinary Income or Capital Gain?”

Please click the links below to read the full articles:

“Nonrefundable Milestone Fees Do Not Qualify as Success-Based”

“Is the Sale of Real Property Ordinary Income or Capital Gain?”

If you have questions about these or any other tax issues, please contact Gray, Gray & Gray’s Tax Department at (781) 407-0300 or visit our website at www.gggcpas.com.