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Tax Court Not Quick To Find Abuse In Innocent Spouse Case

Tax Court Not Quick To Find Abuse In Innocent Spouse Case

  The recent Tax Court decision in the case of Allison O’Neil is one of the better ones.  Well better is perhaps not quite right way to put it.  Perhaps “more instructive”is what I have in mind.  Most taxpayers and even most practitioners,...
Some People Can’t Resist The Siren Call Of Tax Season

Some People Can’t Resist The Siren Call Of Tax Season

Gearing up for another tax season.  It’s just not the same anymore.  I remember we would get our new Master Tax Guides and dividend guides.  It was kind of like that feeling you had as a kid when summer was ending and you were getting new notebooks and...
Can Real Estate Professionals Beat The 3.8% Obamacare Tax ?

Can Real Estate Professionals Beat The 3.8% Obamacare Tax ?

  If you own real estate, will you end up having to pay the 3.8% net investment income tax (NIIT) that goes into effect in 2013 ?  For purposes of this discussion let us assume that your AGI is over the relevant threshold ($250,000 in the case of a married couple...