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IRS Hangs Tough On Conservation Easements

IRS Hangs Tough On Conservation Easements

The IRS Chief Counsel has signaled with CCA 202130014 that the Service will be continuing its hard line on conservation easements.  The engine of every abusive syndicated conservation easement is a vastly inflated appraisal.  Rather than focus on the appraisal issue,...
Did IRS Robots Cause The Tax Court Petition Flood?

Did IRS Robots Cause The Tax Court Petition Flood?

Recently I was puzzling about how it could be that the Tax Court had by mid-August received more petitions than it had in total in each of the past three years.  Had I not had the good fortune to retire from active practice in 2018, I might have known. There is a good...
Michael Jackson Case Could Support Income Tax Savings

Michael Jackson Case Could Support Income Tax Savings

The Tax Court decision in the case of the Estate of Michael Jackson is a rare combination.  The celebrity nature of the case broke it out of the tax ghetto of the blogosphere, which doesn’t happen every day.  And within the tax world it sets a sort of precedent...
Top Crime Writer Cannot Avoid SE Tax On Book Royalties

Top Crime Writer Cannot Avoid SE Tax On Book Royalties

Karin Slaughter’s recently released latest novel False Witness focuses on a lawyer in a prestigious Atlanta firm gearing up for a criminal trial. Coincidentally we have this week the outcome of her own legal drama, which likely only excites the tax blogosphere. ...
Kent Hovind’s Me Too Moment

Kent Hovind’s Me Too Moment

  Exclusive YTMP content by Peter J. Reilly. Kent Hovind has made it into the national news again.  We have from the Washington Post – Kent Hovind, controversial creationist preacher known as ‘Dr. Dino,’ arrested in domestic assault case.  The story by Bob...
A Look At The Opinion On Releasing Trump Tax Returns

A Look At The Opinion On Releasing Trump Tax Returns

When not in government service Dawn Johnson, Acting Assistant Attorney General, has been a professor teaching constitutional law at the Maurer School of Law at Indiana University in Bloomington. That definitely shows in the Memorandum Opinion that she signed...