by admin | Jan 24, 2023 | Tax
The House of Representatives will be holding a vote on a plan that would abolish the IRS! According to a Fox News story by Houston Keene, holding the vote is part of the deal that got the Freedom Caucus to agree to Kevin McCarthy becoming speaker. Representative Earl...
by admin | Jan 22, 2023 | Tax
The first Tax Court hobby loss opinion of the year is a taxpayer win. Paul and Patricia Wondries were facing deficiencies totaling $421,503 for the years 2015-2017. The issue was whether their 1,100 acre ranch was being run with the objective of making a profit. ...
by admin | Jan 7, 2023 | Tax
I have been a tax writer of sorts for thirteen years. What I write about is stuff that I find interesting. And I have to tell you that 2022 does not rate that high for interesting. Still there were a few things worth remembering. On reflecting on what I find...
by admin | Jan 4, 2023 | Tax
Kenneth M. Brooks v Com may be the final decision this year in the IRS battle with dubious conservation easement deductions. The IRS disallowed the deduction on three separate grounds independent of valuation. There was not a proper acknowledgement by the donee,...
by admin | Dec 30, 2022 | Tax
There was a real shocker in the December 6th (2022-218) issue of the EO Tax Journal. In the Editor’s Notebook section Paul Streckfus was commenting on an article by Roger Coinavaux calling for reform of donor advised funds. Streckfus was his usual gloomy self...
