Tax - Your Tax Matters Partner

New Jersey Tax Court Cuts A Break To Madoff Victim

by admin | Aug 27, 2012 | Tax

There are some taxpayer wins that I feel particularly good about. The refund claim of the Estate of Theodore Warshaw is one of them. Theodore Warshaw died in May 2006. His estate, which was left in trust for his widow, was valued at $1,848,293. Most of its...

Pennsylvania Court Gives No Relief To Investor In Tax Shelter From Hell

by admin | Aug 26, 2012 | Tax

Several months ago, I wrote about the Marshall decision in the Commonwealth Court of Pennsylvania. Now we have Marshall II and the Court is still not cutting him a break. Mr. Marshall, a Texas resident, invested in a Connecticut partnership that purchased the U.S....

Weekend Slot Player Wins A Dandy Yankee Doodle Victory In Tax Court

by admin | Aug 25, 2012 | Tax

I always like it when a taxpayer wins using the Cohan rule. Fortunato Gonzalez, who liked to play the slots on weekends recently took advantage of the rule. He had failed to report the $20,700 of winnings reported to him on Form W-2G by the Cache Creek Casino...

Will Student Loans Delay A Major Housing Recovery?

by admin | Aug 22, 2012 | Tax

Tim Smith consults with companies on how to reach members of the Echo Boom generation, also referred to as Millenials and Gen Y (Americans born between 1982 and 1995. My littlest echo all 6’4″ of him just started college this week). Tim writes the Echo...

Real Reason Romney Returns Not Being Released ?

by admin | Aug 21, 2012 | Tax

Originally published on Forbes.com on August 21st, 2012 My friend James thinks he may have “doped out”, as he puts it, why we aren’t getting another decade’s worth of Romney returns. James (not his real name), whom I have previously...

Should We Care About Romney’s Unreleased Tax Returns ?

by admin | Aug 18, 2012 | Tax

Originally published on Forbes.com on August 18th, 2012 I have gone on the record as hoping that Mitt Romney will not do a data dump of 10 or more years of federal tax returns. The reason is quite selfish. I will feel compelled to either look at the damn...