Tax - Your Tax Matters Partner

Accountants Plead Guilty On $1.2 Billion In Bad Charitable Deductions

by admin | Jan 1, 2021 | Tax

A key to good tax practice is being able to explain things to clients and prospects. Consider this remark explaining difficult to understand promotional material: we know if we’re examined by the they will ask for all promotion materials, so you have to be very, very...

Roots Of The 250% Solution To Charitable Easement Tax Abuse

by admin | Dec 28, 2020 | Tax

Originally published on Forbes.com. The Charitable Conservation Easement Program Integrity Act is back. We learn that from a press release issued by the Senate Finance Committee. Senator Grassley use some pretty strong language. The conservation easement program is...

Oakbrook Land Holdings A Major 2020 Tax Court Decision

by admin | Dec 27, 2020 | Tax

Originally published on Forbes.com. Lew Taishoff’s nomination for best Tax Court decision of 2020 is Oakbrook Land Holdings 154 TC 10. We need to take Mr. Taishoff’s opinion very seriously. He covers the Tax Court with incredible intensity. He may have...

IRS At Supreme Court Over Captive Insurance

by admin | Dec 24, 2020 | Tax

Originally published on Forbes.com. The Supreme Court rarely hears tax cases which makes the recent oral arguments in CIC Services v IRS exciting. That is about all that makes them exciting to ordinary mortals as what was going on at the Supreme Court was an argument...

Bob Dylan’s Debt To Nashville – It’s About Taxes

by admin | Dec 17, 2020 | Tax

Originally published on Forbes.com. When I read in the Wall Street Journal that Bob Dylan had sold his entire songwriting catalog, I immediately wished that I had been in on the tax planning for that. Here is the press release from Universal Music Publishing. Sir...

Vacation Home Conversion, Debt Discharge And Partnership Issues All In One Tax Court Case

by admin | Dec 15, 2020 | Tax

Originally published on Forbes.com. Nothing like packing several issues into one decision. That’s what we have in the Duffy case. Since the Tax Court will not be issuing any opinions until after Christmas I decided to look at the court’s top hits for...