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All I Want For Christmas Is An AMT Patch

All I Want For Christmas Is An AMT Patch

It is probably just as well that Congress did not pass some sort of tax bill on Friday.  I would have felt obligated to study it and figure out how it might apply to various clients.  This might have been upsetting to my family.  So my observation of Christmas will be...
High Marginal Rates Can Lead To Poor Choices

High Marginal Rates Can Lead To Poor Choices

We are having quite a bit of drama about the top marginal rate going from 35% to 39.6%.  Some of us old timers get a little puzzled by that.  We remember when the top marginal rate was 50% and before that 70%.  Regardless of the merits of the idea 4.6% one way or the...
Tax Court Not Quick To Find Abuse In Innocent Spouse Case

Tax Court Not Quick To Find Abuse In Innocent Spouse Case

  The recent Tax Court decision in the case of Allison O’Neil is one of the better ones.  Well better is perhaps not quite right way to put it.  Perhaps “more instructive”is what I have in mind.  Most taxpayers and even most practitioners,...