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Alimony That Does Not Look Like Alimony

Alimony That Does Not Look Like Alimony

Originally published on Forbes.com April 30th, 2014 When money flows from one ex-spouse to another it will generally be one of three things – alimony, child support or property division.  Alimony has tax consequences.  It reduces the adjusted gross income of the...
Graduation Contingency Kills Alimony Deduction

Graduation Contingency Kills Alimony Deduction

Originally published on Forbes.com April 29th, 2014 The rules that prevent alimony deductions for what is essentially child support or a property settlement are a little complicated.  Nonetheless, they are not rocket science.  So it kind of amazes me how often they...
Tax Court Denies Amway Losses – Again

Tax Court Denies Amway Losses – Again

Originally published on Forbes.com. April 28th, 2014 It’s been a while since I’ve seen a Tax Court decision about Amway losses. Several years ago I did a study of all Amway cases.  The taxpayers almost always lost and generally for the same reasons.  The...
Football Dad Beats IRS In Tax Court

Football Dad Beats IRS In Tax Court

Originally published on Forbes.com April 25th, 2014 I usually like it when people win in Tax Court without using attorneys. It doesn’t happen that often.  The latest I’ve noted is the case of Rodney Harris. Mr. Harris was facing tax and penalty just over...
Horse Breeder/Lawyer Wins In Tax Court. Was It Worth It?

Horse Breeder/Lawyer Wins In Tax Court. Was It Worth It?

Originally published on Forbes.com. April 23rd, 2014 Horse cases are usually about Section 183 (hobby loss).  Although the heading notes of the case indicate that Stefan Tolin may have been facing a hobby loss challenge, apparently he managed to convince the IRS that...