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Tax Court Sorts Out Basis On Russian Fast Food Merger

Tax Court Sorts Out Basis On Russian Fast Food Merger

I could not pass up the Tax Court decision in the case of Michael Tseytin.  There are some big dollars in the underlying transaction – over $23 million in cash proceeds in a merger with a total value of $54 million.  Mr. Teseytin controlled US Strategies Inc...
Raw Story Uses Video Editing To Defame Kent Hovind

Raw Story Uses Video Editing To Defame Kent Hovind

Fond as I am of the guy, I can’t fault people for being critical of Kent Hovind. David Edwards of Raw Story has gone over the line though in his recent post on Hovind. I declared an end to L’Affaire Kent Hovind as a tax story back in August when his...
Family Partnership Valuation Discounts Approved By Tax Court

Family Partnership Valuation Discounts Approved By Tax Court

Originally published on Forbes.com. When one of the founding partners of a regional law firm has the firm’s estate group handle his planning, they are likely to do a pretty good job.  That may well be the moral in the Tax Court decision in the case of the Estate...