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Special Rate For Flow-Through Entities Is A Really Bad Idea

Originally published on Forbes.com. The Unified Framework For Fixing Our Broken Tax Code has the tax blogosphere in its grip.  I was thinking of passing on it, but the elderly curmudgeon in me can’t resist reflecting on how comprehensive tax reform was handled...
KPMG Haunted By Its Tax Shelter Follies

KPMG Haunted By Its Tax Shelter Follies

Originally published on Forbes.com. KPMG’s woes from its tax shelter shenanigans around the turn of the millennium seem never-ending.  The original story of X-Rated tax shelters being promoted by national accounting firms was broken by Janet Novack in 1999. ...