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What Were They Thinking ?

What Were They Thinking ?

When a business has trouble paying its bills, the optimistic view is that  it is having a cash flow problem. The other possibility is that it is a profitability problem.  The apocryphal brothers who bought a truck and bought apples in the country for five cents, which...
Partnership Needs More Than One Partner

Partnership Needs More Than One Partner

Larry Lawrence, Roberto Salazar and Ricardo Garcia were instrumental in winning their clients large settlements from Firestone in 2001.  They each got paid over a million dollars in fees.  Being a plaintiff’s lawyer has some elements of feast or famine about...
Bill Romanowski's Tax Court Loss Not A Typical Horse Case

Bill Romanowski's Tax Court Loss Not A Typical Horse Case

Originally published on Forbes.com. Feb 21st, 2013 NFL veteran Bill Romanowski is in the news thanks to a Tax Court decision disallowing his losses from horse breeding activities. A decision in the case of William and Jamie Pederson handed down the same day has very...
Fertility Treatment – Is IRS Heteronormative Or Just Muddled ?

Fertility Treatment – Is IRS Heteronormative Or Just Muddled ?

Professor Tessa Davis of Tulane Law School has taken the IRS and the Tax Court to task over their position on fertility treatment.  For a reason which I will explain I probably will not be able to do justice to her treatment, so here is a link to Reproducing Value:...