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Crummey Powers – Back to Arm Breaking Threats

by admin | Mar 9, 2012 | Tax

Originally Published on forbes.com on March 9th, 2012 ______________________________________ There is a story, I recall, to the effect that when Japanese Premier Shigemitsu hesitated a bit at the surrender ceremony on board the USS Missouri on September 2, 1945,...

The Dark Side of Flow-through Entities – Taxable Income Without Cash

by admin | Mar 8, 2012 | Tax

Originally Published on forbes.com on March 8th, 2012 ______________________________________ Jose Martignon v. Commissioner, TC Summary Opinion 2012-18 You really should be careful about who you partner up with. Jose Martignon took a 40% interest in a partnership with...

Selling Stock to Fortrend and Midcoast – Ignorance is Bliss

by admin | Mar 7, 2012 | Tax

Originally Published on forbes.com on March 7th, 2012 ______________________________________ Sometimes the word is slow getting out. You used to be able to sell the assets of a corporation without recognizing gain if you liquidated within one year. It was called a...

Note for “Super Wednesday” – Either Party Can Occupy the Student Loan Issue

by admin | Mar 7, 2012 | Tax

Originally Published on forbes.com on March 7th, 2012 ______________________________________ Blame it on Occupy Wall Street. They got me going on the student loan crisis. Thank Allan Collinge who has given me some great guest posts on the topic. He is back again...

To Help Other People at All Times – Kansas Court Finds BSA to be Humanitarian Organization

by admin | Mar 5, 2012 | Tax

Originally Published on forbes.com on March 5th, 2012 ______________________________________ I’ll never forget Mr. Gordon, the Scoutmaster of Troop 193 in Fairview, NJ. He gave us each a coin to put in our left pocket each morning. After we had done a good deed, we...

Tax Court Judges Need to Have a Sense of Humor

by admin | Mar 4, 2012 | Tax

Originally Published on forbes.com on March 4th, 2012 ______________________________________ No W-2 is No ExcuseQunnia S. Hatch v. Commissioner, TC Memo 2012-50 Quinnia Hatch worked for North South Florida Rehab, Inc. It was apart time job on an as needed basis. She...