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AICPA Wastes More On Conferences Than IRS

AICPA Wastes More On Conferences Than IRS

Originally published on Forbes.com June 11, 2013 It was only a matter of time before I heard from my friend James about the IRS conference scandal.  James is a lot like me, except his career has been a lot more checkered. I was continuously employed for over 33...
Citizens Should Stop Trashing The IRS

Citizens Should Stop Trashing The IRS

Originally published on Forbes.com June 9th, 2013 The current uproar about the IRS line dancing conference in Anaheim has a certain irony to it.  It is being used as Exhibit A to make the case for government wastefulness.  When you look at the TIGTA report that...
Whole Life Insurance Tax Disasters

Whole Life Insurance Tax Disasters

Originally published on Forbes.com June 8th, 2013 I really hate it when somebody takes a tax hosing, because they bought life insurance.  It must happen a lot, because I regularly see Tax Court decisions on it. I have to assume that the published decisions represent...
Dental Management Company Did Not Do Any Managing

Dental Management Company Did Not Do Any Managing

Originally published on Forbes.com June 7th, 2013 Many accountants have a touching faith in double entry.  They think that you can move income from one related entity to another with magical journal entries. Management fees are among the favorites.  That type of...
IRS Does Not Spend Enough On Conferences

IRS Does Not Spend Enough On Conferences

Originally published on Forbes.com June 6th, 2013 Here I go defending the IRS again.  Everybody is on them about the stupid conference with the line dancing video that cost four million dollars.  Granted that one is particularly egregious.  It sucked up almost 10 % of...
Conservation Easement No Deduction For Hypothetical Vineyard

Conservation Easement No Deduction For Hypothetical Vineyard

Originally published on Forbes.com June 5th, 2013 When you make a charitable contribution of anything other than money or marketable securities, there will always be a valuation issue.  At least,  it will usually be clear what it is that you are giving away.  A...