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Grandparents Lose Tax Benefits To Daughter’s Common-Law Marriage

by admin | Aug 15, 2017 | Tax

Originally published on Forbes.com. The Tax Court dealt with a messy family situation last week and, as is usual, the results are not pretty. The names of the players in TCS 2017-62 are public record now, but I will not contribute further to their fame. There are two...

Billion Dollars In Losses From EY Tax Shelter Knocked Out By Tax Court

by admin | Aug 11, 2017 | Tax

Originally published on Forbes.com. The legal fallout from the “X-Rated” tax shelters first exposed by Janet Novack and Laura Saunders in 1998 seems never-ending. This week’s decision BCP Trading and Investments LLC by Judge Holmes is on a petition...

Take Care If Filing Jointly With Financially Irresponsible Spouse

by admin | Aug 3, 2017 | Tax

There are some people who should just not be filing joint returns. That is the lesson in a recent Tax Court Memorandum decision – TCM 2017-144. As is my new practice I will refer to the couple involved as Robin and Terry. Going to Tax Court makes their...

Billy The Brony On Hovind Hovindicators and Hovindologists

by admin | Aug 2, 2017 | Tax

Lately Kent Hovind has been plagued by supporters leaving his fold. Of those the one I find most intriguing is Billy Summers (Sorry Domineering Deborah. You get most colorful.). Billy is a truck driver by profession. His youtube channel Whatever With Billy mainly...

Did Not Want To Split Tax Refund With Divorcing Spouse, Loses It All

by admin | Jul 31, 2017 | Tax

Originally published on Forbes.com. Divorce is probably the main reason that ordinary people end up in Tax Court. I try to extract practical lessons from those cases. A recent opinion TCS 2017-52 serves as a reminder that when you are divorcing, you should not assume...

Tax Reform Might Come, Let’s Wait And See

by admin | Jul 28, 2017 | Tax

Originally published on Forbes.com. The press release from Paul Ryan’s office on the joint statement on tax reform was so vague and contradictory that I thought about passing on it. In the run up, we get that “tax relief for American families should be at...

Grandparents Lose Tax Benefits To Daughter’s Common-Law Marriage

Billion Dollars In Losses From EY Tax Shelter Knocked Out By Tax Court

Take Care If Filing Jointly With Financially Irresponsible Spouse

Billy The Brony On Hovind Hovindicators and Hovindologists

Tax Reform Might Come, Let’s Wait And See

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