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Tax Planning – Repairman Jack Style

Tax Planning – Repairman Jack Style

There is only one guy who refuses to file tax returns that I have unswerving admiration for.  His name is Jack.  Just Jack.  He’ll give you a last name if you insist.  He has lots of them.  Jack’s designation as a “repairman” is metaphorical. ...
White House Blows Smoke At Pot Petitions

White House Blows Smoke At Pot Petitions

  We The People, the White House petition site, had two marijuana petitions up.  One petition was to remove marijuana from the Controlled Substance Act and the other petition was to “federally legalize marijuana”.  The threshold for a formal response...
Are Tax Protesters Actually Winning ?

Are Tax Protesters Actually Winning ?

Laurel Ann Curtis is the author of (take a deep breath) – IRS Exposed: Bullies, Liars and Thieves – The True Story of How One Woman Fought The IRS And Won. Clearly she was not referring to her latest appearance in Tax Court.  She really got creamed.  Tax...
Your Money Or Your Life – Which Can You Deduct ?

Your Money Or Your Life – Which Can You Deduct ?

Ronald and Judy Mills recently lost in Tax Court, but when you think about it maybe they didn’t do so bad overall.  The issue in the decision was whether they should be subject to an accuracy penalty.  One of the ways that you can avoid an accuracy penalty is by...
Would Be Developer Tripped Up By Interest Tracing Rules

Would Be Developer Tripped Up By Interest Tracing Rules

Back in the good old days (i.e. before the Tax Reform Act of 1986), interest that you paid was generally deductible.  Now we have several categories of interest that are deductible subject to various limitations and personal interest which is not deductible at all. ...