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Alimony Deduction Requires Good Substantiation

Alimony Deduction Requires Good Substantiation

Originally published on Forbes.com Aug 13th, 2014 Until recently, I had a hard time understanding why there are so many alimony tax cases.  I mean, after all, it is wash, right? One party has a deduction against AGI.  He or she, probably still usually he, puts the...
Connecticut Limits $60 Million NOL Carryback

Connecticut Limits $60 Million NOL Carryback

Originally published on Forbes.com Aug 12th, 2014 2008 seems to have been a tough year for private equity investor, Stephen Adams and his wife Denise.  According to a decision on the Connecticut Superior Court, their 2008 federal individual income tax return showed a...

FAIR Tax Abolishes IRS – Then What?

  Fair Tax Fan Originally published on Forbes.com Aug 6th, 2014 I’m always annoyed when I hears somebody arguing that if we made some tweaks in the tax system, we could abolish the IRS.  Then we come to the FAIR tax, which actually explains, in detail, how...