Tax - Your Tax Matters Partner

Professional C Corp Denied Deduction For Uncashed Salary Check To Owner

by admin | Sep 18, 2014 | Tax

Originally published on Forbes.com Sept 18th, 2014 You can get yourself in a lot of trouble writing a check without the funds to cover it. But if you write the check to yourself and never cash it what’s the harm? And who’s going to know? Robert F. Vanney...

Need To Show Rental Effort To Deduct Expenses

by admin | Sep 17, 2014 | Tax

Originally published on Forbes.com Sept 17th, 2014 The Eighth Circuit decision in Donald and Arvilla Meinhardt’s appeal of a Tax Court decision has a very important lesson. I think the way I would put it is “If at first and second and third you don’t...

Montana Catches Non-filer With Property Tax Break

by admin | Sep 16, 2014 | Tax

Originally published on Forbes.com Sept 16th, 2014 There is a story that you might hear from spiritual teachers or motivational speakers about how to catch a monkey. Something attractive is put in a tight space into which a hand can be inserted, but from which a...

Grandfather Beats IRS In Tax Court Without Lawyer

by admin | Sep 15, 2014 | Tax

Originally published on Forbes.com Sept 15th, 2014 I always love it when regular taxpayers beat the IRS in Tax Court without using lawyers. Of course, then I get annoyed with the IRS for chasing the wrong people. The most recent case of that sort I have noted is...

NFL Not The Only Organization That Does Not Need Or Deserve Tax Exempt Status

by admin | Sep 14, 2014 | Tax

Originally published on forbes.com on September 15, 2014. Interest in the NFL’s tax exemption seems to be spiking again. Fred Barbash of the Washington Post did a piece titled – Why Congress will never take back the NFL’s tax break this morning....

Parsonage Supporters Encouraged By Seventh Circuit Oral Arguments

by admin | Sep 11, 2014 | Tax

Originally published on Forbes.com Sept 11th, 2014 It seems that the Freedom From Religion Foundation has inadvertently found the way to bring unity to the many disparate religions. FFRF’s credible threat to a major clergy tax benefit, the ability to exclude...