Tax - Your Tax Matters Partner

When Penalties Are Punitive They Are Not Tax Deductible

by admin | May 23, 2016 | Tax

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...

Third Circuit Rules Grocery Store Chain Can Deduct Perks Sooner Rather Than Later

by admin | May 20, 2016 | Tax

Originally published on Forbes.com. Giant Eagle Inc., a supermarket chain and Number 36 on the Forbes list of America’s Largest Private Companies, has won a victory on appeal in the Third Circuit on the tax treatment of its fuelperks! program. Fuelperks! is one...

Almost Heaven Alabama – The New Dinosaur Adventure Land

by admin | May 14, 2016 | Kent Hovind, Uncategorized

So it looks like the new Dinosaur Adventure Land is taking shape quickly at 488 Pearl Lane Lenox, AL Kent is looking for volunteers. His most specific recent appeal was for plumbers and electricians. Something to clean up before we get to that though. The Family...

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

by admin | May 12, 2016 | 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...

Radio Station Considered House of Public Worship For Ohio Property Tax

by admin | May 12, 2016 | Tax

The story of the property tax exemption for radio station WCVO – 104.9 – The River reminds me of a little trick my father used to do with his hands while reciting “Here is the church. Here is the steeple. Open the doors and see all the...

TIGTA Pushes IRS To Crack Down On Hobby Loss Deductions

by admin | May 7, 2016 | Tax

Originally published on Forbes.com. The Treasury Inspector General For Tax Administration (TIGTA) does not think the IRS has been aggressive enough in pursuing hobby loss cases. Section 183 “Activities not engaged in for profit” denies deductions in excess...