Tax - Your Tax Matters Partner

Son Of Boss – Don’t Blame Romney Blame His Tax Pros

by admin | Aug 10, 2012 | Tax

We know that Mitt Romney was on the audit committee of Marriott in 1994, when it did a Son of Boss deal, that sheltered $70,000,000 in income. The Court of Claims ruled against Marriott in 2008. Since we don’t have Romney’s individual returns prior to...

Julian Block On Taxation Of Prizes And Awards

by admin | Aug 9, 2012 | Tax

Originally published on Forbes.com on August 9th, 2012 The proposal to exempt the cash awards of Olympic medal winners from taxation must have gotten Julian Block thinking about prizes and awards. He reminds us that prior to the Tax Reform Act of 1986, the fairly...

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...