Tax - Your Tax Matters Partner

Is Art Advisory Panel Giving Taxpayers A Fair Shake ?

by admin | Feb 6, 2013 | Tax

So you have there is this really cool painting that you gave away. Do you want it to be worth a lot or a little ? It depends on who you gave it to. If you gave it to the Worcester Art Museum, you want it to be worth an awful lot. If you gave it to your nephew, not...

Future Baseball Commissioner Tackles Tax Laws As Complex As Infield Fly Rule

by admin | Feb 5, 2013 | Tax

When Professor Andrea Monroe was interviewed by Paul Caron, she confessed that her childhood ambition had been to become the Commissioner of Major League Baseball. Her backup plan was to teach high school history. Instead she teaches tax law at Temple University. ...

Not Income Tax Evasion – Structuring – That’s How They Got Kent Hovind

by admin | Jan 30, 2013 | Kent Hovind, Tax

Kent Hovind was recently named to the Creation Science Hall of Fame. They may have to wait for any sort of induction ceremony as he is presently a federal inmate in Berlin, NH with a projected release date of August 11, 2015. Nick Lally believes that Mr. Hovind is...

Real Estate Professional Status – Becoming More Important – Very Hard To Prove

by admin | Jan 27, 2013 | Tax

Qualifying as a real estate professional is going to become even more important in 2013 than it ever was. The IRS is pretty tough about it and as the recent decision in the case of Sherry Hudzik shows the Tax Court tends to back them up. Up till now, the issue has...

Is Super Bowl Monday Holiday More Important Than Tax Reform ?

by admin | Jan 27, 2013 | Tax

My plan to flood the White House “We The People” petition site with tightly targeted tax simplification proposals has not taken off. That does not mean I am giving up, although I am holding back on a revenue neutral idea that would carve thousands and...

IRS Plays Sore Winner In House Burning Charity Case

by admin | Jan 25, 2013 | Tax

This is a follow-up to a July story about a couple that tried to get a charitable deduction for turning a “tear down” into a “burn down”. What happened is that they bought land with a house on it, but they wanted a different house. Rather...