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Mitt Romney And The 47% All A Matter Of Context

Mitt Romney And The 47% All A Matter Of Context

Everybody is picking on Mitt again.  It is just like when he went on extension.  I feel obligated to stick up for him.  In case you haven’t read about it in 47 other places, Mother Jones broke a story about him being secretly video taped while speaking to...
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...