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IRS Can Sometimes Collect Corporate Tax From Former Shareholders

IRS Can Sometimes Collect Corporate Tax From Former Shareholders

As a tax professional, few things horrify me more than appreciated assets inside a C corporation. That was at the root of a recent  Eighth Circuit decision Stuart v Commissioner.  William Stuart had been a shareholder in Little Salt Inc. Little Salt Inc in Lincoln,...

A Cheer And A Half For Meritocracy

The system is rigged in favor of anyone who excels at getting her or himself educated to the graduate degree level and then working hard for decades. See, e.g., Barack Obama, Hillary Clinton, Condi Rice, Colin Powell, almost all of the infamous 1%. The quote above is...

Future Generations Endorses Hillary Clinton

One of the reliefs of post-election will be the end of campaign appeals in my inbox.  It is my own fault, as I sign up for everything in the hope of getting material for my blog.  I think they are all written by the same person and they are all done in a very annoying...

Live Blogging Election Night

We went to the Unitarian Universalist Church of Worcester to watch the results.  First discussion was what station to watch.  I was for Fox since I thought we might learn more. Not a lot of enthusiasm for that, but we switched there during MSNBC commercial. Bill...