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Tax Court Denies Late Petition Sent FedEx Express Saver

Tax Court Denies Late Petition Sent FedEx Express Saver

  Marcius and Andrea Scaggs will not be contesting their deficiency notice in Tax Court.  They lost their right to appeal to Tax Court by economizing on their Federal Express charges.  There is a website where you can figure these things out, but I’m not...
Are Divorce Attorneys Trying To Whipsaw IRS ?

Are Divorce Attorneys Trying To Whipsaw IRS ?

Broadly speaking there are three types of payments connected to divorce. They are property settlements, child support and alimony. The first two do not create taxable income or deductions. Alimony, on the other hand, is deductible against adjusted gross income to the...

September 17 Remember America’s Bloodiest Day

Originally published on Forbes.com on September 10th, 2012 What could motivate as hard-core a tax geek as me to to take the day off on a major due date for the first time in thirty years ?  Must be something historic ? It is.  September 17th (extended due date for...
Larry The Cable Guy Needs To Turn In Receipts

Larry The Cable Guy Needs To Turn In Receipts

Unreimbursed expenses you have to incur as an employee are deductible, but only kind of.  They are miscellaneous itemized deductions subject to the 2% floor.  You combine them with other miscellaneous itemized deductions, such as investment fees, and you get to deduct...