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Conservation Easement Tax Deductions And Valuation Abuse

Originally published on Forbes.com. Professor Nancy McLaughlin is something of an idealistic attorney, which really is not an oxymoron.  She told me that she practiced law early in her career in Virginia and dealt a bit with conservation easements.  She noticed a lot...

How To Cash Your Powerball Winning Ticket Anonymously

Originally published on Forbes.com. If you win the Powerball tonight, it won’t make you a billionaire, unless you are pretty far along already, but if you take the lump sum, after tax you will probably be close to half a billionaire. My inner child insisted that...
Poor Return Preparation Kills Facade Easement Tax Deduction

Poor Return Preparation Kills Facade Easement Tax Deduction

The Tax Court opened the new year with a charitable easement decision.  It is pretty disappointing.  Charitable easements are a great area of creative abuse, but David and Kathryn Gemperle weren’t up to anything wicked.  Instead they lost from poor return...
Tax Foundation Scores Ben Carson Tax Plan

Tax Foundation Scores Ben Carson Tax Plan

The Tax Foundation is out with its analysis of Dr. Ben Carson’s tax plan.Tax Foundation scores it with a ten-year $5.6 trillion revenue loss on a static basis and a $2.5 trillion loss on a dynamic basis. (The dynamic scoring takes into account the positive...