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IRS Denies Exempt Status To Historical Interpreters

by admin | May 4, 2015 | Tax

This post was originally published on Forbes May 4, 2015 Some of the more fascinating people that I met as I covered the Civil War Sesquicentennial in “real time” (i.e. being in the exact place that key events took place exactly 150 years later) were...

Second Circuit Questions Loss Computation In Ponzi Scheme Sentences

by admin | May 1, 2015 | Tax

This post was originally published on Forbes May 1, 2015 It is hard to think of anything better for desert than key lime pie, but maybe $40,000 would do the trick. That was dessert in the “gifting tables’ that Jill Platt and Donna Bello were involved in....

TIGTA Report On IRS Exempt Process – End Of The Beginning?

by admin | Apr 30, 2015 | Reporting, Tax

This post was originally published on Forbes April 30th, 2015 If you are weary of the interminable, never ending IRS scandal – now on Day 721 by the TaxProf count -, you may see a glimmer of hope in the report released today by the Treasury Inspector General for...

IRS Partnership Adjustments In Millions May Produce No Tax

by admin | Apr 30, 2015 | Tax

This post was originally published on Forbes April 30th, 2015 You would think that if a partnership was audited and there was an income adjustment in the millions, that would be really bad news for the partners, but a report just released by the Treasury Inspector...

Two NFL Entities Dropping Exempt Status – Details Maybe Never

by admin | Apr 28, 2015 | Tax

This post was originally published on Forbes April 28th, 2015 The National Football League will drop its tax-exempt status. According to the New York Times, Robert McNair, owner of the Houston Texans and chairman of the league’s finance committee said...

Is IRS Targeting Drunkards?

by admin | Apr 27, 2015 | Tax

This post was originally published on Forbes April 27th, 2015 Private Letter Ruling 201515035 might not seem to have anything to do with the interminable IRS scandal (According to the TaxProf we are on Day 716 as I write this. And look who is featured on Day 716)....