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Drag Racing and Amway – Fun Not Profit

by admin | Jul 26, 2011 | Tax

Originally Published on forbes.com on July 26th, 2011 ______________________________________ The case of Richard Zenzen is the most recent “hobby loss” case that I have seen. Mr. Zenzen seems to have had an appreciation for fast cars and an ability to work on them:...

You Can Be Two Places at Once if One of Them is New York

by admin | Jul 25, 2011 | Tax

Originally Published on forbes.com on July 25th, 2011 ______________________________________ Most states and a few cities tax their residents on their world-wide income. They tax non-residents on the money that the non-residents earn in that state. Typically the...

Man Gets Innocent Spouse Status

by admin | Jul 22, 2011 | Tax

Originally Published on forbes.com on July 22nd, 2011 ______________________________________ The case of Timothy Lee Richard is unusual for two reasons. The first is that it is a case of a man claiming innocent spouse status. They are not that rare, but if you’ll...

IRS Meets Mr. Mxyzptlk

by admin | Jul 22, 2011 | Tax

Originally Published on forbes.com on July 22nd, 2011 ______________________________________ When I see a case called United States v Ultra Dimension, I know that I’m going to have to write about it. The last time I had a good science fiction reference was in April...

Big Brother Gets Little Sister as Dependent

by admin | Jul 19, 2011 | Tax

Originally Published on forbes.com on July 5th, 2011 ______________________________________ I always love it when pro-se taxpayers beat the IRS in Tax Court. The case of Badri N. Abdi is particularly heartening because it contains a clever idea that might help some...

Alimony Not For the Dead