Tax - Your Tax Matters Partner

Romney, Marriott And Son Of Boss —- For Dummies

by admin | Aug 8, 2012 | Tax

Now that the question of Mitt’s knowledge of Son of Boss deals has been raised by CNN, I thought it might be a public service to explain Son of Boss deals. A lot of commentators seem to think that they are too hard to understand, but I don’t think so. ...

Convicted Cicero Town President Learns Silence Not Golden In Tax Court

by admin | Aug 8, 2012 | Tax

Everybody who watches TV cop shows knows you have a right to remain silent and that what you say can be used against you. Betty Loren-Maltese who went from being President of the Town of Cicero to being federal prisoner 13706-424 was familiar with her right to remain...

Some Zero Tax Romney Returns Would Be As Shocking As Gambling At Rick’s

by admin | Aug 5, 2012 | Tax

My personal Rafalcagate, where my ignorance of the multi-stage nature of dressage, caused me to call the Romney horse out too soon, has me thinking about Mitt’s returns again. The big controversy now is the call for him to release another decade’s or so...

Professor Proposes Charitable Alternative To Flexible Spending Use It Or Lose It Rule

by admin | Aug 3, 2012 | Tax

Adam Chodorow is a Professor of Law at Arizona State University. I invited him to do a guest post on a topic of his choice. He and I seem to share a taste for frivolity, but here he is putting forth a serious proposal. Charitable FSAs: A Proposal to Combine...

Rafalca London Olympics Medal Or Not – No Current Tax Savings

by admin | Aug 2, 2012 | Tax

Originally published on Forbes.com on August 2nd, 2012 I became fascinated by the Rafalca story because it brings together many of elements of tax practice that I follow closely – Code Section 183 (hobby losses), Code Section 469 (passive activities), the entity...

Chief Apostle Bishop Corletta Vaughn Still Liable For Ministry Payroll Taxes

by admin | Aug 1, 2012 | Tax

Originally published on Forbes.com on August 1st, 2012 Back in October, I told the story of Chief Apostle Bishop Corletta Vaughn of Go Tell It Ministry. She was in bankruptcy court trying to get out of personal responsibility for some of the ministry’s unpaid...