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11632
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299
Drag Racing and Amway – Fun Not Profit

Drag Racing and Amway – Fun Not Profit

Originally Published on forbes.com on July 26th, 2011 ______________________________________ The case of Richard Zenzen is the most recent “hobby loss” case that I have seen.  Mr. Zenzen seems to have had an appreciation for fast cars and an ability to work on them:...
You Can Be Two Places at Once if One of Them is New York

You Can Be Two Places at Once if One of Them is New York

Originally Published on forbes.com on July 25th, 2011 ______________________________________ Most states and a few cities tax their residents on their world-wide income.  They tax non-residents on the money that the non-residents earn in that state.  Typically the...
Man Gets Innocent Spouse Status

Man Gets Innocent Spouse Status

Originally Published on forbes.com on July 22nd, 2011 ______________________________________ The case of Timothy Lee Richard  is unusual for two reasons.  The first is that it is a case of a man claiming innocent spouse status.  They are not that rare, but if you’ll...
IRS Meets Mr. Mxyzptlk

IRS Meets Mr. Mxyzptlk

Originally Published on forbes.com on July 22nd, 2011 ______________________________________ When I see a case called United States v Ultra Dimension, I know that I’m going to have to write about it. The last time I had a good science fiction reference was in April...
Getting Grants for Yourself Not a Valid Exempt Purpose

Getting Grants for Yourself Not a Valid Exempt Purpose

Originally Published on forbes.com on July 9th,2011 ______________________________________   Americans of all ages, all conditions, and all dispositions, constantly form associations. They have not only commercial and manufacturing companies, in which all take part,...