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IRS Defends Its Policy Of Not Penalizing Small Errors

IRS Defends Its Policy Of Not Penalizing Small Errors

Originally published on Forbes.com. In something of a man bites dog story, the IRS is being criticized for being too easygoing in handing out penalties and is pushing back to defend its right to be forgiving of small errors. The argument is laid out in one of the...

President Obama Challenges IRS Scandal Narrative

  This post was originally published on Forbes Jul 22, 2015 So the latest in the interminable IRS scandal now on Day 804 by TaxProf Count is that President Obama has said in an interview with Jon Stewart on the Daily Show that there is no scandal involving the...
Corporate Advances Kill Individual Charitable Deduction

Corporate Advances Kill Individual Charitable Deduction

Originally published on Forbes.com. Larry Zavadil, founder and CEO of American Solutions For Business, may have gotten a raw deal from the IRS and the Tax Court on his 2005 charitable contributions and the Eighth Circuit is not cutting him any slack in its decision...
Tax Court Drops The Hammer On Employee Welfare Plan

Tax Court Drops The Hammer On Employee Welfare Plan

Originally published on Forbes.com. For the last two decades Lance Wallach  has been a voice crying out in the wilderness on the perils of 419(e) employee welfare plans.  Lance is not an attorney, CPA or actuary.  A graduate of Baruch College he trained as a financial...