by admin | May 11, 2021 | Tax
Cecile Barker has bad news from the Eleventh Circuit. They have upheld the Tax Court’s disallowance of his multi-million dollar net operating loss deduction (NOL) largely generated by SoBe Entertainment LLC. SoBe Entertainment is a record label that has...
by admin | May 1, 2021 | Tax
New York Attorney General Letitia James has weighed in on the low-income housing tax credit Year 15 struggle. In cooperation with James E. Johnson New York City’s Corporation Counsel, she has filed an amicus brief supporting RiseBoro Community Partnership...
by admin | Apr 29, 2021 | Tax
Another class action lawsuit is hitting the beleaguered syndicated conservation easement industry. As in the other three, which are covered here, here and here, David Deary is the lead attorney. The case is Hoover et al v Strategic Capital Partners, LLC et al and...
by admin | Apr 18, 2021 | Tax
Finally the syndicated conservation easement (SCE) empire strikes back. Battered in Tax Court by the IRS, hounded by the Department of Justice seeking criminal charges and injunctions and beleaguered by class action attorneys SCE appraisers are fighting back with a...
by admin | Apr 12, 2021 | Tax
My Millennial friend (MF) asked me to check out some tax observations on a podcast on Game of Roses by someone who goes by Bachelor Clues(BC). MF’s job calls for them to be in touch with Gen Z, so they have provided me with some valuable leads. Without MF I...
by admin | Apr 6, 2021 | Tax
The decision by the IRS to extend the initial filing due date of individual tax returns to May 17 was mostly a good thing. Maybe not as good a thing as the extension to July 15 in 2020, but it was something. There was a wrinkle though. Unlike in 2020 the due date...
