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Do You Need To Maximize Rents To Claim Rental Losses?

Do You Need To Maximize Rents To Claim Rental Losses?

by | Aug 26, 2014 | Tax

Originally published on Forbes.com Aug 26th, 2014 Does a taxpayer face tax trouble from not maximizing the rent?.   That seems to be the holding in a recent Tax Court decision in the case of Harrison Hunter.  I’m not sure that Mr. Hunter should have actually...
How I Caught William James Plagiarizing Himself

How I Caught William James Plagiarizing Himself

by | Aug 25, 2014 | History

William James (1842-1910) was one of the leading thinkers of the late nineteenth century and one of the most influential philosophers the United States has ever produced. He was the first educator to ever offer a psychology course. He has been called the “Father of...
Home Sweet RV Does Not Always Produce Best Tax Result

Home Sweet RV Does Not Always Produce Best Tax Result

by | Aug 25, 2014 | Tax

Originally published on Forbes.com Aug 25th, 2014 Having recreational vehicles considered dwellings for tax purposes is probably, more often than not, a taxpayer-friendly position.  It makes the interest to acquire such vehicles potentially deductible as residence...
Where Tax Shelters Go When They Die

Where Tax Shelters Go When They Die

by | Aug 22, 2014 | Tax

Originally published on Forbes.com Aug 22nd, 2014 The fallout from sketchy tax shelters can stretch over a very long time.  Michael and Ruth McElroy were in Tax Court  recently trying to make that stretching work in their favor.  They did not get a break.  Not only...
Tax Court Omits Key Sentence In Ruling Against Taxpayer

Tax Court Omits Key Sentence In Ruling Against Taxpayer

by | Aug 21, 2014 | Tax

Originally published on Forbes.com Aug 21st, 2014 The way the Tax Court judge put it, Scott Williams was an aviation buff with a business unrelated to aviation. The IRS objected to Mr. Williams integrating his aviation activity into his business Worldwide Phone Pops...