by admin | Jan 23, 2021 | Tax
Originally published on Forbes.com. The Low Income Housing Tax Credit (Section 42) has generated very little in the way of conventional tax litigation, meaning IRS v taxpayer. Oddly part of Section 42, specifically 42(i)(7) – Impact of tenant’s right of 1st...
by admin | Jan 19, 2021 | Tax
Originally published on Forbes.com. Things have not been great for the syndicated conservation easement (SCE) industry. Late in December, two accountants who focused on SCE pled guilty to conspiracy. The circumstances of their pleas indicate that they are cooperating...
by admin | Jan 19, 2021 | Tax
This is original YTMP material by Peter J. Reilly. A friend of mine who is on the young side for a Millennial, but whose job keeps them in touch with Gen Z has alerted me to a new phenomenon affecting accountants. This actually goes way back at least to late last...
by admin | Jan 17, 2021 | Kent Hovind, Tax
Prospect of Pardons in Final Days Fuels Market to Buy Access to Trump reads the headline in the New York Times this morning. The story is about people paying large sums to get their pardon applications considered. The most vocal pardon seeker I know of is Kent...
by admin | Jan 1, 2021 | Tax
A key to good tax practice is being able to explain things to clients and prospects. Consider this remark explaining difficult to understand promotional material: we know if we’re examined by the they will ask for all promotion materials, so you have to be very, very...
by admin | Dec 28, 2020 | Tax
Originally published on Forbes.com. The Charitable Conservation Easement Program Integrity Act is back. We learn that from a press release issued by the Senate Finance Committee. Senator Grassley use some pretty strong language. The conservation easement program is...
