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Cigarette Importer Sees $300M Deduction Go Up In Smoke

Cigarette Importer Sees $300M Deduction Go Up In Smoke

  Originally published on Forbes.com Dec 8th, 2013 Last week, the Tax Court upheld an IRS deficiency notice of nearly forty million dollars against Vidal Suriel for the years 2004 and 2006.  The deficiencies relate to the timing of deductions for payments due...

Do We Need A Clergy Tax Simplification Act Of 2014?

Originally published on Forbes.com Dec 1st, 2013 Judge Barbara Crabb ruled recently that the exclusion of cash housing allowances from taxable income by members of the clergy (“ministers of the gospel”)is unconstitutional.  Among the reactions are cries...