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IRS Partnership Adjustments In Millions May Produce No Tax

IRS Partnership Adjustments In Millions May Produce No Tax

by | 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 | 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?

Is IRS Targeting Drunkards?

by | 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)....
No Exclusion For Income Earned Over International Waters

No Exclusion For Income Earned Over International Waters

by | Apr 27, 2015 | Tax

This post was originally published on Forbes April 27th, 2015 Every once in a while, there is a case where I think the taxpayers are getting a really raw deal.  The DC Circuit appeals decision in the case of  Yen-Ling Rogers is one of those situations.  It was about...

Could Rand Paul Back Kent Hovind?

by | Apr 26, 2015 | Kent Hovind

The big news in Hovindology this week is an inroad into the Rand Paul campaign. First some background for those who have not been following along Hovindication Independent Baptist minister and young earth creationist Kent Hovind, nearing the end of a long prison...