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Some Presidential Words On Federal Income Taxes

Some Presidential Words On Federal Income Taxes

Julian Block is back, this time with a collection of thoughts by Presidents and Presidential candidates on taxation. Some Presidential Words On Federal Income Taxes Income taxes are such a pervasive and everyday part of our financial lives—and such a central issue in...
Did Mormons Benefit From The IRS Scientology Deal ?

Did Mormons Benefit From The IRS Scientology Deal ?

Originally published on Forbes.com on August 12th, 2012 The Tom Cruise – Katie Holmes story inspired me to take a look at the tax history of Scientology.  Scientology and the IRS engaged in what I called a Thirty Years War, which was ended by a secret closing...
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. ...