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Low Income Housing Tax Credit Year 15 Roundup

For the last several years, there has been an ongoing dispute between not for profit (NFP) sponsors of affordable housing projects and investors.  Often the investors are not the original investors in the projects.  The dispute is about what happens in Year 15, the...
Filing Separately For 2021 Tax Savings Who Is Missing Out?

Filing Separately For 2021 Tax Savings Who Is Missing Out?

I recently wrote about the phenomenon of married taxpayers filing separately in order to avoid phaseout of recovery rebate and child credits.  I picked up on the story by following #TaxTwitter, where tax pros go to commiserate. My sources on the tax press have...
Worst And Best Book Movie Adaptations

Worst And Best Book Movie Adaptations

When it comes to book movie adaptations, the one that always pops into my mind is Lord of the Rings.  Overall I was pretty pleased with it for whatever that is worth.  I didn’t miss Tom Bombadil, but I greatly missed the scouring of the Shire.  I would actually...