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Chasm Of Class And Privilege – Clinton Tax Plan Hits Top 1% – Sanders Plan Hits Top 5%

by admin | Mar 4, 2016 | Tax

Originally published on Forbes.com. The Tax Policy Center has now issued its reports analyzing the tax proposals of both Hillary Clinton and Bernie Sanders. There is a lot of material there. The practical takeaway is that if you have been contemplating estate tax...

How Much Personal Use Of Airplane Is Too Much For Tax Free Exchange?

by admin | Mar 4, 2016 | Tax

Update: I have added a comment from an expert on the process behind this ruling. 1031 is one of the few Internal Revenue Code sections, like 401(k) and 501(c)(3), that have worked their way into the vocabulary of people who are not tax geeks. Code Section 1031...

Tax Losses From Genetically Engineered Deer Allowed

by admin | Mar 2, 2016 | Tax

I never knew that genetically engineering deer was a thing, until I read the Alabama Tax Tribunal decision in the case of Richard and Sue Cribbs (link is to a search function) There are many endeavors where tax examiners will think you are not seriously trying to...

Kent Hovind’s January Surprise Deferred To March

by admin | Feb 29, 2016 | Kent Hovind, Uncategorized

Young Earth Creaionist Kent Hovind fought a long battle with the IRS that did not end well for him. He served a long sentence for structuring, failing to pay payroll taxes and interfereing with the administration of the internal revenue laws. There was also a large...

Colorado Can Force Vendors To Rat Out Residents On Use Tax

by admin | Feb 27, 2016 | Tax

Originally published on Forbes.com. In that category of things that don’t seem to make sense, we have this statement from the Tenth Circuit’s decision in its recent Direct Marketing Association decision: When a neighborhood bookstore in Denver sells a...

Sanders Tax Plan Harder On Millionaires Than Billionaires

by admin | Feb 26, 2016 | Tax

Originally published on Forbes.com. The budding bromance between Charles Koch and Bernie Sanders has gotten quite a bit of attention. In case you missed it or mistook it for a satire piece when your friend posted it on Facebook, it traces back to an op-ed in the...