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Your Son The Lawyer Should Not Be Your Exchange Facilitator

Your Son The Lawyer Should Not Be Your Exchange Facilitator

Originally published on Forbes.com June 11th, 2014 It is very sad to see someone getting hammered by two non-recognition provisions in the same case, but that is what happened to Frank Blangiardo in a recent Tax Court decision.  Code Section 1031  (like-kind exchange)...
Real Estate In Your IRA – How Not To Do It

Real Estate In Your IRA – How Not To Do It

Originally published on Forbes.com June 9th, 2014 Using IRA funds to invest in real estate can be a very good idea.  Well, at least I know one person for whom it worked out.  It did not, however, work out very well for Guy Dabney, who recently represented himself in...
CPA Faces Prison For Letting Client Deduct Personal Expenses

CPA Faces Prison For Letting Client Deduct Personal Expenses

Originally published on Forbes.com June 6th, 2014 It is hard to believe that a CPA could be sent to prison, because of clients running personal expenses through the business, but that may well be in the cards for Larry Couchot of Dayton Ohio.  The Department of...