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Bank Cannot Issue 1099-C And Subsequently Try To Collect

Bank Cannot Issue 1099-C And Subsequently Try To Collect

Originally published on Forbes.com May 20th, 2013 Banks are required to notify taxpayers and the IRS about debt discharges by filing Form 1099-C.  It is less than crystal clear as to exactly when the banks are supposed to file 1099-C.  A recent bankruptcy decision in...

Hipster Tax Has Historical Precedent

Originally published on Forbes.com May 18th, 2013 I have been so caught up in the problems of the IRS Cincinnati gang that couldn’t sort straight and breaking developments in the area of creation science, that I almost missed an important proposal.  According to...
IRS And 501(c)(4) Damned If They Do Damned If They Don’t

IRS And 501(c)(4) Damned If They Do Damned If They Don’t

Originally published on Forbes.com May 18th, 2013 Damned if you do, damned if you don’t.  While heads roll at the IRS for allegedly picking on Tea Party groups, the agency is being sued by Citizens for Responsibility and Ethics in Washington (CREW)  for...
Doctor Dino Denting Deficit ?

Doctor Dino Denting Deficit ?

Originally published on Forbes.com May 17th, 2013 Creation science is back in the news. There is the fourth grade quiz gone viral.  Then there is Kent Hovind’s doctoral dissertation being rereleased on wikileaks.  I’m not sure the latter is actually news,...
Leisure Suit Larry Shows Up In Tax Court Decision

Leisure Suit Larry Shows Up In Tax Court Decision

Originally published on Forbes.com. May 16th, 2013 You will run into the strangest people if you hang out in Tax Court decisions, but I would never have expected to see Leisure Suit Larry.  He appears right in the opening remarks of the decision in the case of  Edmond...