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Timeshare Tax Shenanigans End With Large Penalties

Timeshare Tax Shenanigans End With Large Penalties

When I saw the Ninth Circuit decision in the case of James Tarpey, something about it was familiar.  It turns out that the opinion by Judge McKeown upholding a penalty of over $8 million dollars was the finale of a story I picked up on October 1, 2016 with Lawyer...
IRS Takes Aim At “Copyrighted” Trust Scheme

IRS Takes Aim At “Copyrighted” Trust Scheme

I hate having the first thing I hear about a fantastic scheme to be that the IRS is onto it.  That is what happened with the “copyrighted non-grantor irrevocable complex discretionary spendthrift trust” which sprinkled tax fairy dust on your assets so that...

No Authority For How To Compute Housing Investment Exit Taxes

On June 30, 2023 Judge Peter B. Krupp if the Suffolk County Superior Court in Massachusetts issued a decision that may have far reaching consequences for affordable housing throughout the country. The case was Tenants’ Development Corporation v Amtax Holdings...