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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,...
Some People Can’t Resist The Siren Call Of Tax Season

Some People Can’t Resist The Siren Call Of Tax Season

Gearing up for another tax season.  It’s just not the same anymore.  I remember we would get our new Master Tax Guides and dividend guides.  It was kind of like that feeling you had as a kid when summer was ending and you were getting new notebooks and...