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399
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Tax Court Denies Amway Losses Due To Lack Of Profit Motive

Tax Court Denies Amway Losses Due To Lack Of Profit Motive

Originally published on Forbes.com. I was surprised to see that I haven’t written about an Amway case in over two years.  Well, a new one came out this week and James E. Hess, like pretty much every taxpayer who has ever disputed disallowance of Amway losses in...

Donor-Advised Funds: The Good, The Bad And The Ugly

The Seven Corporal Works of Mercy Originally published on Forbes.com. The New York Review of Books article The Undermining of American Charity is a good example of a somewhat arcane tax story that really deserves to break out of the tax ghetto. What the authors, noted...
Form 1099-R From Insurance Company Can Be Bad Tax News

Form 1099-R From Insurance Company Can Be Bad Tax News

Originally published on Forbes.com. Life insurance is actually a rather sweet tax deal.  That is why I find it so distressing when someone manages to use life insurance to manufacture phantom income for themselves that produces a tax liability that is quite real. Such...