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Bernie Sanders Might Drive Bill O’Reilly Away With Nonexistent 90% Threat

by admin | Jan 15, 2016 | Tax

Photo credit Originally published on Forbes.com. I thought I might have been doing a service in a recent piece I did indicating that Bernie Sanders is not proposing a 90% income tax rate. In some ways the Sanders campaign is a little at fault for this rumor,...

Conservation Easement Tax Deductions And Valuation Abuse

by admin | Jan 14, 2016 | Tax

Originally published on Forbes.com. Professor Nancy McLaughlin is something of an idealistic attorney, which really is not an oxymoron. She told me that she practiced law early in her career in Virginia and dealt a bit with conservation easements. She noticed a lot...

How To Cash Your Powerball Winning Ticket Anonymously

by admin | Jan 13, 2016 | Tax

Originally published on Forbes.com. If you win the Powerball tonight, it won’t make you a billionaire, unless you are pretty far along already, but if you take the lump sum, after tax you will probably be close to half a billionaire. My inner child insisted that...

Poor Return Preparation Kills Facade Easement Tax Deduction

by admin | Jan 9, 2016 | Tax

The Tax Court opened the new year with a charitable easement decision. It is pretty disappointing. Charitable easements are a great area of creative abuse, but David and Kathryn Gemperle weren’t up to anything wicked. Instead they lost from poor return...

Tax Foundation Scores Ben Carson Tax Plan

by admin | Jan 6, 2016 | Tax

The Tax Foundation is out with its analysis of Dr. Ben Carson’s tax plan.Tax Foundation scores it with a ten-year $5.6 trillion revenue loss on a static basis and a $2.5 trillion loss on a dynamic basis. (The dynamic scoring takes into account the positive...

No Foreign Income Tax Exclusion For Army Civilian In Afghanistan