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Congress To IRS – Hands Off The President’s Favorite Charitable Tax Dodge

by admin | Jul 3, 2017 | Tax

Originally published on Forbes.com. Somebody does not want the IRS poking too hard into abuses of President Trump’s favorite charitable tax dodge. A 94 page list of Trump charitable contributions leads with “Conservation Easements –...

IRA Withdrawal Penalty A Cost Of Do-It-Yourself Divorce

by admin | Jun 30, 2017 | Tax

Today’s lesson in the tax aspects of divorce from Tax Court Memo Decision 2017-125 is an illustration of Reilly’s Fourth Law of Tax Planning – Execution isn’t everything but it’s a lot. The name of the petitioner is there for you if you...

Billionaire Bruins Owner Beats IRS On Tax Deductions For Away Game Meals

by admin | Jun 27, 2017 | Tax

Originally published on Forbes.com. Sometimes the Tax Court comes out with some really deep thought. Jeremy and Margaret Jacobs, who through entities own the Boston Bruins, a National Hockey League Team, I should mention for the sports challenged, were there about the...

Kent Hovind Update – Waiting For Theo’s Other Shoe To Drop

by admin | Jun 25, 2017 | Kent Hovind

This post is written with the assumption that the reader has some familiarity with the trials and tribulations of Independent Baptist Minister, young earth creationist, convicted felon Kent Hovind (Doctor Dino). If he is new to you, you might want to read this piece...

Brookings Institution Takes On Biggest Charitable Tax Break Used By President Trump

by admin | Jun 24, 2017 | Tax

Originally published on Forbes.com. The Brookings Institution, which, according to Wikipedia is described as liberal, conservative or centrist, depending on whom you ask, has taken on the issue of charitable contribution of conservation easements with the publication...

Beware Of Disability Income Tax Traps

by admin | Jun 20, 2017 | Tax

Originally published on Forbes.com. The Tax Court has characterized the taxation of disability income as “curious and somewhat confusing.” I would also say it is unfair and that it is really not possible to discern any public policy rationale behind the...