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MR. REILLY’S CONUNDRUM

MR. REILLY’S CONUNDRUM

My favorite tax blog, by a long shot, is Taishoff Law.  I first learned of it because of the way I have done my own blogging.  I read original source material and come up with my own take on it.  As part of my wrap-up I then see what other have had to say. I then...
Poor Return Preparation Voids Deduction For African Art

Poor Return Preparation Voids Deduction For African Art

Earlier this month, Heinrich Schweizer got bad news from my favorite Tax Court judge Albert Lauber, “Scholar Al” as Lew Taishoff has dubbed him.  Lauber ruled that Schweizer’s failure to meet the disclosure requirements for a charitable contribution...
Champions Retreat Easement Case – Did Anybody Win?

Champions Retreat Easement Case – Did Anybody Win?

Judge Cary Douglas Pugh of the United States Tax Court has allowed $7,834,091 of a $10,427,435 charitable deduction claimed by Champions Retreat Golf Founders LLC on its 2010 tax return.  Given that the IRS wanted to allow $20,000 that seems like a pretty good result...