Tax - Your Tax Matters Partner

IRS Should Be Asking For Cooperation Not Volunteering

by admin | Oct 23, 2015 | Tax, Uncategorized

This post was originally published on Forbes Oct 23, 2015 The passing of Irwin Schiff, grandfather of the contemporary tax protester (or “tax honesty”, if you will) movement, makes a recent article by Jack Manhire rather timely. The article is titled What...

Too Much Assuming Leads To Over Quarter Million Late File Penalty

by admin | Oct 22, 2015 | Tax

This post was originally published on Forbes Oct 22, 2015 Lesley West, Peter West and John West were the executors of the estate of their mother (June West). The estate got hit with pretty nasty late file/late pay penalties – $317,821.05. The executors were...

Massachusetts Hits Staples For $10 Million On Sham Interest Deductions

by admin | Oct 20, 2015 | Tax

This post was originally published on Forbes Oct 20, 2015 Staples has a sophisticated cash management system. Cash is stripped from subsidiaries and all bills are paid from a central account. I could see that there must be all sorts of operational advantages to that...

Irwin Schiff Famed Tax Protester Dies In Prison

by admin | Oct 17, 2015 | Tax

This post was originally published on Forbes Oct 17, 2015 Irwin Schiff, grandfather of the contemporary tax protest movement, died Friday according to the Bureau of Prisons Inmate Locator. Schiff promoted a theory that the federal income tax was very limited in its...

Montana Court Rules For And Against Online Travel Companies

by admin | Oct 17, 2015 | Tax

This post was originally published on Forbes Oct 17, 2015 There are certain commercial practices that annoy me – a lot. Worst are car rental companies. Besides trying to intimidate you into buying overpriced insurance, they play this game with the gas. You...

Why Don’t We Eliminate The Charitable And Mortgage Interest Deductions?

by admin | Oct 16, 2015 | Tax

This post was originally published on Forbes Oct 16, 2015 I’ve read enough candidate tax plans to make me believe that we could use something a little different and out of the box. Most, if not all of the Republican tax plans have called for at all costs...