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IRS Defends Its Policy Of Not Penalizing Small Errors

by admin | Jul 22, 2015 | Tax

Originally published on Forbes.com. In something of a man bites dog story, the IRS is being criticized for being too easygoing in handing out penalties and is pushing back to defend its right to be forgiving of small errors. The argument is laid out in one of the...

President Obama Challenges IRS Scandal Narrative

by admin | Jul 22, 2015 | Tax

This post was originally published on Forbes Jul 22, 2015 So the latest in the interminable IRS scandal now on Day 804 by TaxProf Count is that President Obama has said in an interview with Jon Stewart on the Daily Show that there is no scandal involving the...

Corporate Advances Kill Individual Charitable Deduction

by admin | Jul 21, 2015 | Tax

Originally published on Forbes.com. Larry Zavadil, founder and CEO of American Solutions For Business, may have gotten a raw deal from the IRS and the Tax Court on his 2005 charitable contributions and the Eighth Circuit is not cutting him any slack in its decision...

IRS Denies Exempt Status To Group Helping Undocumented Aliens Leave USA

by admin | Jul 19, 2015 | Tax

This post was originally published on Forbes Jul 19, 2015 I have been something of a skeptic of the narrative of the IRS Exempt Division targeting conservative organizations. As a matter of fact, one of my less than attentive commenters recently accused me of...

Tax Court Drops The Hammer On Employee Welfare Plan

by admin | Jul 17, 2015 | Tax

Originally published on Forbes.com. For the last two decades Lance Wallach has been a voice crying out in the wilderness on the perils of 419(e) employee welfare plans. Lance is not an attorney, CPA or actuary. A graduate of Baruch College he trained as a financial...

Charity Begins At Home But Should Not End There

by admin | Jul 16, 2015 | Tax

This post was originally published on Forbes Jul 16, 2015 If you were planning to make a tax-deductible charitable contribution to the Educational Assistance Foundation For The Descendants Of Hungarian Immigrant In The Performing Arts, it is probably too late. The DC...