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Maureen O’Hara’s Ill Fated Cuban Oil Tax Shelter

by admin | Oct 27, 2015 | Tax

This post was originally published on Forbes Oct 27, 2015 Maureen O’Hara, who died Saturday, was a classic actress in some classic movies. So I guess it shouldn’t be a surprise that she took a whirl at the classic tax shelter – oil wells. Julian...

God May Bless Your Pot Shop – Tax Court Not So Much

by admin | Oct 24, 2015 | Church State Issues, Tax

This post was originally published on Forbes Oct 24, 2015 According to this story in the Sacramento Bee, Bryan Davies thought that Satan had planted the idea of opening a medical marijuana dispensary in his mind . After praying about it though, he determined that it...

No Orange Jumpsuit For Lois Lerner

by admin | Oct 23, 2015 | IRS Scandal, Tax

This post was originally published on Forbes Oct 23, 2015 The Department of Justice has informed Congress that there will be no prosecutions from its investigation into whether any IRS officials committed crimes in connection with the handling of tax-exemption...

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...