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Settlement In A Low Income House Tax Credit Year 15 Appeal

In May of 2021 I wrote about, New York Attorney General Letitia James, who is best known for being a thorn in the side of Donald Trump, weighing in on a dispute about affordable housing in Brooklyn. It is part of a larger issue that I have been covering since early...
Inflation Bill Will Restore IRS Staffing To 1995 Level By 2026

Inflation Bill Will Restore IRS Staffing To 1995 Level By 2026

It is not too often that regular participants in #TaxTwitter create a youknow-storm on Twitter, but Adam Markowitz EA managed it with this gem. All of my GOP friends who are worried about 87,000 IRS enforcement agents coming after the little guy… How about just...
Charitable Acknowledgements For Tax Purposes Go Badly Wrong

Charitable Acknowledgements For Tax Purposes Go Badly Wrong

The rules for substantiation of charitable deductions are very strict with extra layers when a donor advised fund or property donations are involved.  You can get a pretty good feel for how things can go badly wrong from a recent opinion by Judge Jane Boyle of the...