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IRS Denies 501(c)(3) Exemption To Booster Club Due To Inurement

IRS Denies 501(c)(3) Exemption To Booster Club Due To Inurement

This post was originally published on Forbes Feb 25th, 2015 Love Those Thin Mints   Something I find rather annoying is the notion that a good way to fund salubrious activities for youth is through the youth themselves or their parents badgering relatives, friends and...
From The Boston Tax Institute

From The Boston Tax Institute

Lu Gauthier has given me permission to reproduce his email blasts.  This one is a catch-up, so it is on the long side.  Future posts in the series will be more focused. Our thanks to Robert Costello, CPA for reminding all of us of this potential trap involving...
You And Your Shadow Do Not A Partnership Make

You And Your Shadow Do Not A Partnership Make

This post was originally published on Forbes Feb 23rd, 2015 Judge Holmes might have started his opinion on 436, LTD with a Casablanca reference – “Round up the usual suspects” It was a Son-of- Boss deal and we have mentions in it of Jenkens &...
Has Kent Hovind Broken Any Laws?

Has Kent Hovind Broken Any Laws?

This post is mainly about four letters.  Here is a link to them.  The first letter is one that was sent to three different tax professionals by Kent Hovind and the other three are their answers.  If you already know who Kent Hovind is and what is going on with him,...

Tom Brady’s MVP Truck Even More On The Tax Implications

Photo credit Jack Newton This post was originally published on Forbes Feb 19th, 2015 The Tom Brady/Malcolm Butler Super Bowl truck grabbed the attention of the tax blogosphere with a strength not seen since the revelations about Anietra Hamper’s undergarment...