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First Surrender In IRS War On Abusive Conservation Deductions

  Originally published on Forbes.com. In the wake of last week’s damning report from the Senate Finance Committee, the IRS is crowing over the first opponent to throw in the towel in a Tax Court brawl over a syndicated conservation easement based on the IRS offer...
Paycheck Protection Fraud Is Massive And Unsurprising

Paycheck Protection Fraud Is Massive And Unsurprising

Originally published on Forbes.com. The Paycheck Protection Program has been something of a whirlwind as hundreds of billions were quickly shoveled out. Thousands of accountants found themselves drafted into service as loan agents – mostly unpaid agents,...

Conservation Easement Tax Deduction Coverage Round Up

Original Your Tax Matters Partner material by Peter J. Reilly The Senate Finance Committee report on syndicated conservation easement transactions released on August 25, 2020, is a dramatic development.  I have been covering conservation easement tax deductions for...

IRS Carves Back TCJA Inventory Relief

Originally published on Forbes.com. Close study of the Tax Cuts and Jobs Act appeared to give a fantastic break to businesses with less than $25 million in gross receipts. It appeared that they could change accounting methods and write off their inventories. Lucien...