Tax - Your Tax Matters Partner

Will E-cigarettes Become A Taxing Experience ?

by admin | Mar 23, 2013 | Tax

How often does somebody walk into a convenience store and ask to buy a pack of taxes ? Well it is a slight exaggeration to think of a pack of cigarettes that way except maybe in New York City where the combined local and state tax is $5.85. Don’t forget that...

International Flight Attendant Does Not Score As Well As Sergio Garcia In Tax Court

by admin | Mar 21, 2013 | Tax

I was all excited about the Sergio Garcia case. According to the Tax Court, the guy is a really famous golfer. Tax stories about famous people seem to generate more interest. I spent a good amount of time on it and then checked to see if anybody else had noticed...

Only Modest Valuation Discounts Allowed On Estate Artwork

by admin | Mar 20, 2013 | Tax

Artwork can be really valuable. For example the FBI and the Isabella Stewart Gardner Museum are offering a $5,000,000 reward for anybody who can help them find the paintings stolen from the museum 23 years ago. The 13 artworks are worth on the order of half a...

Wyoming Beats The On-line Companies On Room Tax

by admin | Mar 17, 2013 | Tax

When you hear about people like golfer Phil Mickelson moving from high tax states like California, the most likely destinations are Texas and Florida. You don’t hear Wyoming mentioned very often. Back in the pre-internet days of yore, we used to write to every...

Written Business Plan Is Crucial In Horse Tax Court Case

by admin | Mar 16, 2013 | Tax

Horse breeding is a favorite target of the IRS, when it comes to the hobby loss rules. Nonetheless, breeders will often beat the IRS in Tax Court. Reading a recent decision I got the sense that William Dodds, a tax accountant, came so close that he could almost taste...

New Yorkers Work For A Sober Saint Patrick’s Day While Maine Enables

by admin | Mar 15, 2013 | Tax

I find it really troubling that we have a holiday seemingly dedicated to binge drinking and an ethnic stereotype. That would be St. Patrick’s Day. Just poking around, I stumbled on this: It wouldn’t be St. Patrick’s Day without a good drink and the Irish have...