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Build Reuse Chairman Mike Gable Responds To Mann Decision

by admin | Feb 4, 2021 | Tax

Mike Gable of Build Reuse provided his comments on Mann v United States a Fourth Circuit appellate decision concerning charitable deduction of material salvaged from a tear-down. As the Chairman of the Board of Build Reuse, I appreciate the opportunity you have...

IRS Collections Appears To Be Broken

by admin | Jan 26, 2021 | Tax

Originally published on Forbes.com. One of my least favorite ideas is hiring private collection companies to collect federal taxes. So I was really intrigued by the second biannual report by the Treasury Inspector General For Tax Administration (TIGTA) on the program....

Congressional Democrats Want It Made Clear That Insurrection Is Not A Tax Exempt Activity

by admin | Jan 25, 2021 | Tax

Originally published on Forbes.com. Democratic members of the House Ways and Means Committee, led by Chairman Richard Neal, are urging Treasury Secretary Mnuchin to issue emergency guidance to not-for-profit organizations letting them know that insurrection is not a...

National Housing Trust Responds To Housing Credit Right Of First Refusal Litigation

by admin | Jan 24, 2021 | Tax

Guest post by Ellen Lurie Hoffman of National Housing Trust. Protect Affordable Properties and Residents As Peter Reilly points out in “After the Low-Income Housing Tax Credits are Done, Investors Want More,” (Forbes, January 13, 2021), the below market Right of First...

After The Low Income Housing Tax Credits Are Done, Investors Want More

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...

New Class Action Suit Against Conservation Easement Promoters

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...