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Damages For Distress from Harassment Taxable

Damages For Distress from Harassment Taxable

Originally Published on forbes.com on August 9th, 2011 ______________________________________ When the Tax Court is right, it is right, but we don’t have to like it.  That’s the way I feel about the case of Julie M. McGowen, anyway.  Ms. McGowen had a rather difficult...
I Still Think The Life Insurance Company Screwed Them

I Still Think The Life Insurance Company Screwed Them

Originally Published on forbes.com on August 9th, 2011 ______________________________________ There have been a few cases in the last year about people getting hosed by taxes when they close down life insurance policies.  The most recent was that of James Ledger but...
From The Halls Of Montezuma To The Jail Of Concord

From The Halls Of Montezuma To The Jail Of Concord

Originally published on forbes.com August 7, 2011. I recently mentioned the case of William Ruhaak. Mr. Ruhaak refused to pay his income tax for 2007. He was willing to pay the amount involved either to an organization that worked for peace or to the federal...
From The Halls of Montezuma to The Jail of Concord

From The Halls of Montezuma to The Jail of Concord

Originally Published on forbes.com on August 7th, 2011 ______________________________________ I recently mentioned the case of William Ruhaak.  Mr. Ruhaak refused to pay his income tax for 2007.  He was willing to pay the amount involved either to an organization that...
Woman Sues Rite Aid for 12 Cents – Or More ?

Woman Sues Rite Aid for 12 Cents – Or More ?

Originally Published on forbes.com on August 4th, 2011 ______________________________________ Pamela Blass bought four items from Rite-Aid.  They each cost $0.99 for a total of $3.96.  They added $0.24 in sales tax.  She then gave them 2 one dollar coupons.  How she...
Phantom Income From Life Insurance

Phantom Income From Life Insurance

Originally Published on forbes.com on August 4th, 2011 ______________________________________ Life insurance is a marvelous financial product.  It provides liquidity at a point in time when a family really needs liquidity.  It is income tax advantaged.  The amount...