by admin | Mar 7, 2021 | Tax
The American Rescue Plan Act of 2021, “the Biden stimulus package” is not law, as I write this. It seems very likely to pass though and some people may want to take action in anticipation of it. That would be filing your 2020 federal income tax return...
by admin | Mar 4, 2021 | Tax
Failing to send a 1099 can have some really nasty implications, so a lot of us are careful to not miss sending one out when required. Unfortunately, you can also get in trouble for sending one that should not have been sent if the person receiving it objects. If...
by admin | Mar 1, 2021 | Tax
One of the favorite sayings of my first managing partner the late Herb Cohan was “I’d rather owe it to you than cheat you out of it.” To be honest, like some of the other sayings, it was never clear exactly what it meant. Nonetheless, I think it...
by admin | Feb 26, 2021 | Tax
Rule 97 of the Ferengi Rules of Acquisition – Enough is never enough – seems to be theme of the Year 15 struggle between aggregators and the not-for-profit(NFPs) sponsors of low income housing projects. “Year 15” is a reference to the...
by admin | Feb 17, 2021 | Tax
Last month gave us another building material reuse charitable deduction case. The Fourth Circuit sustained a district court decision that entirely denied any charitable deduction to Lawrence and Linda Mann for material from the tear-down of a Bethesda, Maryland house...
by admin | Feb 11, 2021 | Kent Hovind, Tax
Glen Stoll has entered into a plea agreement that may spell the end of a long trail of tax shenanigans. The agreement dated January 15, 2021 has Stohl pleading guilty to conspiracy to defraud the United States and evading the payment of federal income taxes. The...
