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Saga Of An Entrepreneurial Family Catching A Tough IRS Audit

Saga Of An Entrepreneurial Family Catching A Tough IRS Audit

Originally published on Forbes.com. What happens when an entrepreneurial family catches a tough audit? It is not a pretty picture, but it can be instructive to the rest of us.  The case of Embroidery Express and the McMinn family is not an easy read, but it is one...
The Guardian Seeks Transparency In Amazon Tax Court Case

The Guardian Seeks Transparency In Amazon Tax Court Case

Earlier this month we heard about the IRS audit of Facebook. Now it is Amazon’s turn.  The Facebook audit is about the transfer of intellectual property to an Irish subsidiary in 2010. Amazon has been in Tax Court since 2012 about transfer of IP to a Luxembourg...

A Very Broad Transaction Tax Might Have Merit

  Originally published on Forbes.com. A transaction tax is one of those ideas that keeps popping up.  Earlier this month, Representative Peter DeFazio (D-OR) introduced a bill – Finishing Irresponsible Reckless Speculatnetive Trading – that would...
Nevada Corporation Exists Under IRS Name For Decades

Nevada Corporation Exists Under IRS Name For Decades

Originally published on Forbes.com. Here is a little tax tip.  If you owe money to the IRS, do not send your check to Department of the Treasury – Internal Revenue Service, 3338 Gypsum Rd,  Reno, NV. That particular entity is a registered domestic corporation in...
Facebook, Leprechauns And The Cayman Pot Of Gold

Facebook, Leprechauns And The Cayman Pot Of Gold

Originally published on Forbes.com. As I tried to sort out the way  Facebook is using Ireland to lower its tax bills, I was beginning to think that it involved leprechauns I mean it makes sense.  Leprechauns have these hidden pots of gold.  So if you have a magic...