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NOL Gives IRS Second Chance to Disallow Deduction

NOL Gives IRS Second Chance to Disallow Deduction

Originally Published on forbes.com on December 6th, 2011 ______________________________________ After an IRS audit has been completed you will generally think of yourself as home free with respect to that year. Theoretically, you are not really home free until the...
San Francisco Loses Large Tax Case Against Catholic Church

San Francisco Loses Large Tax Case Against Catholic Church

Originally Published on forbes.com on December 6th, 2011 ______________________________________ A California Superior Court has ruled against the City of San Francisco in its attempt to levy millions in real property transfer taxes against the Catholic Archdiocese of...
Millions from Flipping Shampoo ? Who Knew ?

Millions from Flipping Shampoo ? Who Knew ?

Originally Published on forbes.com on December 3rd, 2011 What would you do if you found $1,000,000 of cash in your deceased mother’s house ? One very bad idea would be to use the money to buy hair products that you sell at cost, while depositing the receipts.  Linda...
Wells Fargo Ignores Mail Loses Security Interests

Wells Fargo Ignores Mail Loses Security Interests

Originally Published on forbes.com on November 28th, 2011 ______________________________________ I recently wrote about the rather distasteful topic of Indiana tax deeds.  As I noted in a previous post, several states including Florida have a similar system.  The...