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Can Somebody Explain Tax Shelters To Thomas Piketty?

Originally published on Forbes.com May 13th, 2014 Capital In The Twenty-First Century – The Cliff Notes Unless you have been hiding out somewhere, you have probably heard about Thomas Piketty’s Capital In The Twenty-First Century.  If you don’t want...
Former Tampa Bay Buccaneers Owner Scores Touchdown In Tax Court

Former Tampa Bay Buccaneers Owner Scores Touchdown In Tax Court

Originally published on Forbes.com May 8th, 2014 Hugh Culverhouse Jr. inherited the Tampa Buccaneers from his father, but did not hang onto the team for very long.   He may also have inherited his father’s talent for tax litigation.  Although Hugh Culverhouse Sr...
Nonrecognition On Divorce Transfers Hurts Receiving Spouse

Nonrecognition On Divorce Transfers Hurts Receiving Spouse

Originally published on Forbes.com May 7th, 2014 When you transfer property to your spouse or a former spouse incident to a divorce, no gain or loss is recognized.  It has been that way since 1984.  It’s a good rule that makes things simpler.  There is a...
IRS Cannot Levy Tribal Payments

IRS Cannot Levy Tribal Payments

  Originally published on Forbes.com May 6th, 2014 I find it is more fun to read tax cases if I root for one side or the other.  My principles of rooting are that I root for the taxpayer unless he or she is being really lame-brained.   I will always root for...