Tax - Your Tax Matters Partner

Chief Counsel Gives Narrow Scope To Partnership Liability Regulations

by admin | Jun 24, 2015 | Tax

This post was originally published on Forbes Jun 24, 2015 If you ever looked closely at a K-1 from a partnership, you might have noticed Section K – Partner’s share of liabilities at year end. The liabilities come in three flavors – nonrecourse,...

In Defense Of Conservation Easement Charitable Deductions

by admin | Jun 20, 2015 | Tax

I’ve written quite a few posts about conservation easements. Those posts highlight the sampling problem that my blogging faces. The transactions that end up in Tax Court are not necessarily representative. Thus I may have given the impression that the whole...

Joan Farr Claims IRS Denial Of Exempt Status Is Example Of Persecution Of Christians

by admin | Jun 18, 2015 | Tax

This post was originally published on Forbes Jun 18, 2015 Joan Farr tells me that the IRS denial of exempt status to the Association For Honest Attorneys is another instance of an organization being persecuted because it is Christian and conservative. I contacted Ms....

Campaigning For Bishopric Not A Valid Exempt Purpose – Kent Hovind Update

by admin | Jun 17, 2015 | Tax

This post was originally published on Forbes Jun 17, 2015 Rules about not-for-profits not getting involved in politics have been the source of much tsoris for the IRS. They are at the heart of the neverending Lois Lerner Tea Party scandal. And then there is Pulpit...

Using Your IRA Funds To Start A Business Is Very Risky

by admin | Jun 16, 2015 | Tax

This post was originally published on Forbes Jun 16, 2015 Capitalizing your own business with your own tax-deferred retirement money has a really attractive logic to it. Based on a pretty unscientific bit of sampling on my part, most of the population is divided...

Exchange Facilitator Does Not Beat Missouri Use Tax On Learjet

by admin | Jun 15, 2015 | 1031 Like Kind Exchange, Tax

This post was originally published on Forbes Jun 15, 2015 The like-kind exchange is a powerful tax deferral tool. The Code Section that supports it – 1031 – is one of the few Code sections, like 501(c)(3) and 401(k), that have worked their way into the...