Tax - Your Tax Matters Partner

How Much Is That Picasso In The Window? Tax Court Says Quite A Bit

by admin | Dec 30, 2015 | Tax

What can take a good bit of the fun out of your Picasso going for more than twice the expected price at Christies? Having it happen while the estate you inherited it from does not have its estate tax resolved might do it. Bernice Newberger died on July 28, 2009....

World Class Rider Does Not Insure Allowable Tax Losses In Horse Case

by admin | Dec 29, 2015 | Tax

Originally published on Forbes.com. One of the joys of reading Tax Court decisions is the Monday morning quarterbacking aspect. I can’t fault the advice that Michael and Sally Judah followed that led them to a Tax Court battle with the IRS about losses from...

Did You Hear The One About Bernie Sanders And Kent Hovind Walking Into A Tax Blog?

by admin | Dec 23, 2015 | Tax

Originally published on Forbes.com. As the year ends, I like to look back on what attracted the most reader interest in 2015. I find it intriguing that some of my posts have a long shelf life and that a couple of things I will mention were written well before 2015....

Bernie Sanders And The 90% Income Tax Rate That He Does Not Call For

by admin | Dec 18, 2015 | Tax

Originally published on Forbes.com. Bernie Sanders supporters seem to want to make it real clear that he will not be proposing a 90% income tax rate. Yesterday Vote Bernie Sanders 2016, an unofficial site, posted a clip (Bernie Sanders Myth: The 90% Tax Rate) from a...

Technology Officer Loses Appeal On Capital Gains Treatment From Sale To Google

by admin | Dec 17, 2015 | Tax

Originally published on Forbes.com. When Brian Brinkley received $3.1 million for his interest in Zave Networks Inc in 2011 when it merged into Google, he thought the whole amount should be taxed as a capital gains. He found it rather disconcerting when $1.8 million...

Venus Flytraps And Elusive Gator On Golf Course Not Worth Millions In Tax Deductions