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Wall Street Journal Supports Abusive Conservation Tax Shelters

by admin | Oct 23, 2023 | Tax

I had a hard time figuring out how to respond to a piece by the Editorial Board of the Wall Street Journal – A Case of Tax Fraud – at the IRS (Agent backdated documents to punish legal deductions). They were referring to an IRS screwup that has gotten a...

Juror In Criminal Tax Case Sympathizing With The Rich, White And Entitled

by admin | Oct 20, 2023 | Tax

The most important recent development in the government’s long battle against abusive syndicated conservation easements. what I call the industry based on nonsense, has to be the outcome of the trial of Jack Fisher, James Sinnott and Clay Weibel. The jury...

Park Poet Meditates On The Cohan Rule

by admin | Oct 3, 2023 | Books, Tax

So last week I went to Manhattan with my daughter Kaitlyn. That involves a lot of walking. We stayed at the Sheraton in Weehawken NJ, where Alexander Hamilton fell in a duel with Aaron Burr, and took the ferry in the evening and then the morning. Using the twenty...

Rapper Tyga Buried Under $8 Million In Tax Debt Keeps Going Deeper

by admin | Sep 28, 2023 | Tax, Uncategorized

Michael R. Stevenson is better known by his stage name of Tyga, Tyga is a successful rapper, who like many celebrities has found his way to Tax Court. His attorneys were pushing back against an IRS levy notice on a balance due of over $2 million for just 2019. It...

Timeshare Tax Shenanigans End With Large Penalties

by admin | Sep 20, 2023 | Tax

When I saw the Ninth Circuit decision in the case of James Tarpey, something about it was familiar. It turns out that the opinion by Judge McKeown upholding a penalty of over $8 million dollars was the finale of a story I picked up on October 1, 2016 with Lawyer...

IRS Takes Aim At “Copyrighted” Trust Scheme

by admin | Sep 5, 2023 | Tax

I hate having the first thing I hear about a fantastic scheme to be that the IRS is onto it. That is what happened with the “copyrighted non-grantor irrevocable complex discretionary spendthrift trust” which sprinkled tax fairy dust on your assets so that...