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CPAs Face Challenge In Early Stage Of Zombie Apocalypse

by admin | Jun 2, 2012 | Tax

In my posts on some of the tax proposals, I have expressed concern about lack of Zombie apocalypse awareness evident in some proposals. My biggest concern is the proposal to eliminate the LIFO method for inventory accounting. The LIFO method is one of the few...

Marriage Equality Victory On DOMA In First Circuit – Same Sex Couples Need To Watch Statute Of Limitations

by admin | Jun 1, 2012 | Tax

The First Circuit, upholding, a lower court decision, has ruled that Section 3 of the Defense of Marriage Act is unconstitutional. Section 3 of DOMA provides that only a marriage between a man and a woman will be recognized for purposes of federal law. The law...

Couple Denied Homebuyer’s Credit – You Are Not Your S Corporation And Your S Corporation Is Not You

by admin | May 31, 2012 | Tax

Jack and Joan Trugman owned several pieces of rental real estate in Texas, Missouri and California in their S corporation (Santsu Corporation). S corporations are generally not a really good vehicle for real estate. An S corporation shareholder does not have basis...

Go Tell The Spartans – Passive Activities Makes It To 300 – Thanks To Jennifer Aniston Not In The Nude

by admin | May 29, 2012 | Tax

Originally published on Forbes.com on May 29th, 2012 Blogging about your own blog represents the height of self-absorption. That is why I have resolved to only do it at century marks. So this one makes 300. Not a huge number, but it was enough to save Greece from the...

California Judge Thinks Mike’s Lemonade Is Beer ? Go Figure !

by admin | May 29, 2012 | Tax

There is nothing that drives me crazier than people of a certain age endlessly talking about their ailments, so I will not tell you about mine except to say that I am grateful to live in a time when there are a variety of medications to alleviate them. There is a...

Could Saying “Thank You” Help With The Deficit ?

by admin | May 25, 2012 | Tax

Originally published on Forbes.com on May 25th, 2012 My friend James (not his real name) doesn’t like the limelight. He has some great ideas though. He keeps bugging me to tell Steve Forbes about them, so somebody who is good can write about them, but...