by admin | Apr 3, 2021 | Tax
We can hope when the plague is over that IRS will not worry too much about who was actually entitled to a qualifying child so they can fight crime somewhere else. But it is too much to hope for. I foresee the Tax Court being clogged with stimulus related qualifying...
by admin | Mar 28, 2021 | Tax
One of the things about being a CPA is that you are rarely the smartest guy in the room. If you are working at anything above an elementary level there will be people who would be better accountants than you are. Fortunately they got good guidance in high school or...
by admin | Mar 25, 2021 | Tax
Another decision in the struggle between not-for-profit sponsors and limited partners in “Year 15” of affordable housing deals came out last month. This one was SunAmerica Housing Fund 1050 v Pathway of Pontiac Inc, by Judge Arthur Tarnow of the US...
by admin | Mar 17, 2021 | Tax
Luke Chiarelli is the only child of an only child. So when his mother passed not long after his father, he ended up with a lot of stuff, not only from his parents, but indirectly from his grandparents. Nice stuff – vintage clothing, furniture, antiques and the...
by admin | Mar 13, 2021 | Tax
Being a millionaire isn’t what it was back in the day, so the name for the wealth tax introduced by Senator Elizabeth Warren (She’s my Senator by the way. Not bragging, just saying.) is the “Ultra-Millionaire Tax Act of 2021”. By the good old...
by admin | Mar 10, 2021 | Tax
Divorced and never married co-parents have the chance to pick up an extra $1,100 per dependent child when they file their 2020 returns. It requires trust, cooperation and running multiple versions of their 2020 returns. It is probably not what Congress intended when...
