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Park Poet Meditates On The Cohan Rule

Park Poet Meditates On The Cohan Rule

So last week I went to Manhattan with my daughter Kaitlyn.  That involves a lot of walking.  We stayed at the Sheraton in Weehawken NJ, where Alexander Hamilton fell in a duel with Aaron Burr, and took the ferry in the evening and then the morning. Using the twenty...
Timeshare Tax Shenanigans End With Large Penalties

Timeshare Tax Shenanigans End With Large Penalties

When I saw the Ninth Circuit decision in the case of James Tarpey, something about it was familiar.  It turns out that the opinion by Judge McKeown upholding a penalty of over $8 million dollars was the finale of a story I picked up on October 1, 2016 with Lawyer...
IRS Takes Aim At “Copyrighted” Trust Scheme

IRS Takes Aim At “Copyrighted” Trust Scheme

I hate having the first thing I hear about a fantastic scheme to be that the IRS is onto it.  That is what happened with the “copyrighted non-grantor irrevocable complex discretionary spendthrift trust” which sprinkled tax fairy dust on your assets so that...