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Motion To Stop IRS From Examining Marijuana Dispensary Up In Smoke

by admin | May 18, 2017 | Tax

Originally published on Forbes.com. Just a short update. Last week I wrote about The Green Solution, at least by its own account Colorado’s #1 Marijuana dispensary. It was resisting an IRS summons based on the notion the Code Section 280E, which denies...

IRS Leans On LA Tax Assessors For Land Building Allocation

by admin | May 18, 2017 | Tax

Originally published on Forbes.com. One of the little puzzles that you have when dealing with rental real estate is the problem of allocation between depreciable and non-depreciable property – land and building. In the more advanced classes, we can get into the...

Mississippi Taxing – Nuclear Power And Accusations Of Racism

by admin | May 14, 2017 | Tax

Originally published on Forbes.com. Claiborne County, Mississippi is home to the Grand Gulf Nuclear Generating Station operated by Entergy. Having one of those things in the neighborhood is a little nerve wracking. The Nuclear Regulatory Agency defines a plume...

Chicago Loses $29 Million Appeal By Expedia And Other Online Travel Companies

by admin | May 10, 2017 | Tax

Originally published on Forbes.com. Another round in the seemingly endless battle between on line travel companies and cities goes to the OTCs and the dollars are pretty substantial. Based on a 2015 ruling by the Cook County Circuit Chicago was expecting to collect...

Marijuana Retailer Not Protected From IRS Summons

by admin | May 9, 2017 | Tax

Originally published on Forbes.com. The Green Solution Retail Inc does not want the IRS poking around in its records. Its appeal to the Tenth Circuit did not go well. Green Solution is located in Aurora, Colorado and it will help you get your marijuana in classy...

Spotlight On Charitable Foundation Abuse

by admin | May 5, 2017 | Tax

Originally published on Forbes.com. If your tax plan attracts the attention of a reporter famous for covering clergy sexual abuse of minors, that cannot be a good thing. I was thinking of adding that to Reilly Laws Of Tax Planning, but I think it is probably covered...