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Football Dad Beats IRS In Tax Court

by admin | Apr 25, 2014 | Tax

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?

by admin | Apr 23, 2014 | Tax

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...

Court Approves Tax Sale Of New Mexico Property For Less Than 1% Of Its Value

by admin | Apr 22, 2014 | Tax

Originally published on Forbes.com April 22nd, 2014 Despite the ferocious reputation of the IRS, if you can’t pay your income taxes, it is possible to get quite a bit of slack. It is not hard to apply for a payment plan and before any serious collection...

Sawyer Taxi Heirs Midcoast Fortrend Deal – Could Have Been Worse

by admin | Apr 21, 2014 | Tax

Originally published on Forbes.com April 21st, 2014 The tax travails of the Sawyer family may have finally come to an end with the recent decision of the Tax Court in the case of the Frank Sawyer Trust of May 1992. It’s one of those stories about how to make a...

IRS Chief Counsel Has To Decide If Nail Polish Is A Luxury

by admin | Apr 18, 2014 | Tax

Originally published on Forbes.com April 18th, 2014 The IRS Office of Chief Counsel probably has some of the smartest lawyers in the country working in it. Some of the odd provisions of the Tax Code have them answering questions that might be better handled by other...

Bill Cassidy Providing Emergency Assistance To Wealthy Televangelists

by admin | Apr 17, 2014 | Tax

Originally published on Forbes.com April 17th, 2014 Bill Cassidy, Republican Congressman from Baton Rouge, LA, and physician was in the news last week as he provided emergency treatment to a fellow passenger on a Southwest Airlines flight. He may well have gained one...