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Alimony Deduction Requires Good Substantiation

Alimony Deduction Requires Good Substantiation

Originally published on Forbes.com Aug 13th, 2014 Until recently, I had a hard time understanding why there are so many alimony tax cases.  I mean, after all, it is wash, right? One party has a deduction against AGI.  He or she, probably still usually he, puts the...
Connecticut Limits $60 Million NOL Carryback

Connecticut Limits $60 Million NOL Carryback

Originally published on Forbes.com Aug 12th, 2014 2008 seems to have been a tough year for private equity investor, Stephen Adams and his wife Denise.  According to a decision on the Connecticut Superior Court, their 2008 federal individual income tax return showed a...