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Tax Payments Can Be Delayed For A Very Long Time

by admin | Aug 8, 2016 | Tax

Originally published on Forbes.com. It is really amazing how long you can stretch out paying anything on a tax deficiency if you have the right sort of constitution. I wrote about a Tax Court decision in the case of Bruce Hauptman not quite two years ago . At...

Accounting Manager Fights IRS For Deduction For MBA Courses

by admin | Aug 5, 2016 | Tax

Thanks to a trip to Tax Court, Alex Kopaigora will be able to keep his deductions for MBA expenses for the year 2011, mostly. Mr. Kopaigora began working for Marriott International Corporation in 2002 and advanced to a position of significant responsibility. In June...

Fifth Amendment Protects Liechtenstein Tax Haven Documents From IRS

by admin | Aug 3, 2016 | Tax

Originally published on Forbes.com. Steven Greenfield who has been pleading the fifth amendment in relation to accounts in Liechtenstein will not be having to turn over documents from 2001 that he may or may not have thanks to a decision of the Second Circuit. The...

Where Are Jill Stein’s Tax Returns?

by admin | Jul 30, 2016 | Tax

Originally published on Forbes.com. Jill Stein is currently polling at 3% in the presidential race according to this story by Sam Frizell. That could be enough to upset the Democratic apple cart. I’d be a little cautious on that, because she lines up with Trump...

EPI Economists Argue That Financial Transaction Tax Is Win Win For Economy

by admin | Jul 28, 2016 | Tax

Originally published on Forbes.com. “A financial transaction tax would help ensure Wall Street works for Main Street” is the intriguing title of a paper released today by the Economic Policy Institute. A few years ago, I had designated myself as the...

Saga Of An Entrepreneurial Family Catching A Tough IRS Audit

by admin | Jul 27, 2016 | Tax

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...