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The Hazards Of Being Kent Hovind

The Hazards Of Being Kent Hovind

I’m really pleased to have Lamar Smith back with a guest post. _________________________________________________________________________   In the opening voice-over to that wonderful Disney Movie ‘The Blind Side,’ Sandra Bullock compares the...
Forfeited Deposit Income Ordinary Not Capital Gain

Forfeited Deposit Income Ordinary Not Capital Gain

Originally published on Forbes.com. A company that got to keep a non-refundable deposit on the planned sale of a hotel had to recognize ordinary income rather than capital gain when the deal fell through.  That was the result in Eleventh Circuit decision in the case...