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Champions Retreat Easement Case – Did Anybody Win?

Champions Retreat Easement Case – Did Anybody Win?

Judge Cary Douglas Pugh of the United States Tax Court has allowed $7,834,091 of a $10,427,435 charitable deduction claimed by Champions Retreat Golf Founders LLC on its 2010 tax return.  Given that the IRS wanted to allow $20,000 that seems like a pretty good result...
Fake News In The Tax Arena

Fake News In The Tax Arena

  Law professors Kathleen DeLaney Thomas and Erin Scharff have given us a great tour of tax misinformation in the digital age with Fake News and the Tax Law (available on SSRN),  It has never been easier to get accurate tax information than it is now. ...
Opportunity Zone Ponzi Promoter Sentenced To Four Years

Opportunity Zone Ponzi Promoter Sentenced To Four Years

The sentencing of Joshua Burrell to 48 months in federal prison is the sad ending to what started out as an optimistic story about opportunity zones living up to the vision that Sean Parker must have had when he backed the idea.  As I reported in the story on his...
Tax Court Upholds $70,000 In Frivolous Return Penalties

Tax Court Upholds $70,000 In Frivolous Return Penalties

The IRS doesn’t like frivolity when it comes to returns.  And they can count on Albert Lauber, my favorite Tax Court judge, to back them up when they are right.  Eric D. Clarkson was challenging frivolity penalties – Code Section 6702 – fourteen of...