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When Penalties Are Punitive They Are Not Tax Deductible

When Penalties Are Punitive They Are Not Tax Deductible

Originally published on Forbes.com. The pain of penalties from improper activities can be significantly reduced when the penalties are tax deductible.  Code Section 162(f) provides that deduction will not be allowed “for any fine or similar penalty paid to a...
Tax Court Rules That Blogger Is Subject To Self-Employment Tax

Tax Court Rules That Blogger Is Subject To Self-Employment Tax

Originally published on Forbes.com, Blogging is coming of age as a business.  How can I tell?  Tax litigation. Kevin A. Clark Jr. was representing himself in Tax Court.  It did not go well. During 2012 Mr. Clark worked six to eight hours a day, seven days a week as a...