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Denial Of $33M Deduction That Yielded $2M To University Of Michigan Upheld On Appeal

by admin | May 26, 2019 | Tax

Originally published on Forbes.com. Bad news for billionaire Stephen Ross. The DC Circuit has upheld the Tax Court in denying the $33 million charitable deduction for a $3 million contribution he made through a partnership to the University of Michigan in 2003. And...

Don’t Try To Create Tax Basis With Journal Entries

by admin | May 21, 2019 | Tax

Originally published on Forbes.com. Companies should pay their own bills. That is probably the real lesson to be learned from the Eleventh Circuit upholding of the Tax Court decision in the case of developer Homero Meruelo. The stakes were pretty high, a deficiency...

Reflections On Technology – By Michael Schaffner

by admin | May 9, 2019 | History, Reporting

One of the great benefits of the Civil War Sesquicentennial was some of the people I met. One of them was Michael Schaffner whom I met at the penultimate event the sesquicentennial of the grand review in Harrisburg PA in November 2015. I asked for Michael’s...

Malware Attack Paralyzes Tax Businesses Throughout The Country

by admin | May 9, 2019 | Tax

Originally published on Forbes.com. Panic reigns in countless accounting firms across the nation as one of the top providers of tax software, CCH, a subsidiary of Wolters Kluwer, a Dutch company, has gone dark this week. Here is what they have to say about it. On...

Tax Court Judge Considers Passing On Deductions Unbusinesslike

by admin | Apr 28, 2019 | Tax

Originally published on Forbes.com. There is a subtle irony in the yacht chartering hobby loss decision from the Tax Court in the case of Charles and Rhoda Steiner. Judge Ruwe seems to argue that not being aggressive in taking deductions might be held against you. ...

Denial Of $33M Deduction That Yielded $2M To University Of Michigan Upheld On Appeal

Don’t Try To Create Tax Basis With Journal Entries

Reflections On Technology – By Michael Schaffner

Malware Attack Paralyzes Tax Businesses Throughout The Country

Tax Court Judge Considers Passing On Deductions Unbusinesslike

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