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IRS Will Not Tax Forfeited Jackpots Of Compulsive Gamblers

IRS Will Not Tax Forfeited Jackpots Of Compulsive Gamblers

Originally published on Forbes.com Aug 28th, 2014 The IRS Chief Counsel has ruled on a tax aspect of a program to help compulsive gamblers.  CCA 201433015 discusses the “Voluntary Exclusion Program” (VEP) of an unnamed state. The precise details of VEPs...
Do You Need To Maximize Rents To Claim Rental Losses?

Do You Need To Maximize Rents To Claim Rental Losses?

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

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

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...