Tax - Your Tax Matters Partner

Kansas Hungry For $40 Million Tax Slice Of Pizza Hut Franchisee’s Profits

by admin | Apr 17, 2014 | Tax

Originally published on Forbes.com April 17th, 2014 When O. Gene Bicknell sold his interest in NPC International, Inc to Merrill Lynch Global Private Equity in 2006, the price was not disclosed. At that time NPC was the largest Pizza Hut franchisee with 790 stores...

Tax Court Views Ballpark Guesstimates As Fields Of Dreams

by admin | Apr 16, 2014 | Tax

Originally published on Forbes.com April 16th, 2014 Ballpark guesstimate” (BG) is a lovely term. It lets you know that although there is some affinity between the number thrown out and the “exact number”. Even if it turns out they are not in the...

Strong Language In Partnership Agreement Might Help With Expense Deductions

by admin | Apr 15, 2014 | Tax

Originally published on Forbes.com April 15th, 2014 Peter McLauchlan’s recent loss in the Fifth Circuit appealing a Tax Court decision has two important lessons. The first is a clause that should be in almost every professional partnership agreement. The second...

Non-Custodial Parents Out Of Luck When Form 8332 Withheld

by admin | Apr 13, 2014 | Tax

Originally published on Forbes.com April 13th, 2014 If you are a non-custodial parent claiming one of your kids as a dependent, do you have Form 8332 (Release of Claim to Exemption) signed by the custodial parent and attached to your return? If you don’t, as...

Clergy Out In Force To Defend Their Housing Tax Break

by admin | Apr 10, 2014 | Tax

Originally published on Forbes.com April 10th, 2014 There is a certain irony in the litigation surrounding the “parsonage exclusion”, which allows mega-pastors to excluded mega housing allowance for their mega houses. The Joint Committee on Taxation...

No Money For April 15 1040 Balance Due? Don’t Panic!

by admin | Apr 7, 2014 | Tax

Originally published on Forbes.com April 7th, 2014 If you are facing a large balance due this April 15th and don’t know where the money to pay it is coming from, you may be starting to panic. Go ahead and scream and yell a bit or whatever it takes to get it out...