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Son Of Boss – Don’t Blame Romney Blame His Tax Pros

Son Of Boss – Don’t Blame Romney Blame His Tax Pros

We know that Mitt Romney was on the audit committee of Marriott in 1994, when it did a Son of Boss deal, that sheltered $70,000,000 in income.  The Court of Claims ruled against Marriott in 2008.  Since we don’t have Romney’s individual returns prior to...
Julian Block On Taxation Of Prizes And Awards

Julian Block On Taxation Of Prizes And Awards

Originally published on Forbes.com on August 9th, 2012 The proposal to exempt the cash awards of Olympic medal winners from taxation must have gotten Julian Block thinking about prizes and awards.  He reminds us that prior to the Tax Reform Act of 1986, the fairly...
Romney, Marriott And Son Of Boss —- For Dummies

Romney, Marriott And Son Of Boss —- For Dummies

Now that the question of Mitt’s knowledge of Son of Boss deals has been raised by CNN, I thought it might be a public service to explain Son of Boss deals. A lot of commentators seem to think that they are too hard to understand, but I don’t think so. ...