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The Beast I Found In The Park

There are things that annoy me a lot.  People mixing up principal and principle or e.g. and i.e. American flags touching the ground or continued being flown after they have reached the point where they need to be respectfully retired.  Near the top of my list though...
Rubber Hitting The Road On New Partnership Audit Regime

Rubber Hitting The Road On New Partnership Audit Regime

Originally published on Forbes.com. Partnership returns have a new election to consider this year.  Question 25 on Page 3 of Form 1065. Is the partnership electing out of the centralized partnership audit regime under section 6221(b)? You have had four years to be...
Hobby Loss Roundup And A New Law Of Tax Planning Announced

Hobby Loss Roundup And A New Law Of Tax Planning Announced

Get some Reilly’s Laws of Tax Planning Gear Originally published on Forbes.com. There has been a bit of hobby loss action, since the Tax Court decision in the case of James and Elaine Donoghue on June 11 which I covered here.  None of the decisions struck me as...