by admin | Sep 20, 2023 | Tax
When I saw the Ninth Circuit decision in the case of James Tarpey, something about it was familiar. It turns out that the opinion by Judge McKeown upholding a penalty of over $8 million dollars was the finale of a story I picked up on October 1, 2016 with Lawyer...
by admin | Sep 5, 2023 | Tax
I hate having the first thing I hear about a fantastic scheme to be that the IRS is onto it. That is what happened with the “copyrighted non-grantor irrevocable complex discretionary spendthrift trust” which sprinkled tax fairy dust on your assets so that...
by admin | Aug 28, 2023 | Tax
Mark Holmes is noted as being one of the better writers among Tax Court judges. His work on the Estate of Michael Jackson read like a novel. This month he may have gone off the beam a bit in a bench opinion. There is something rather tasteless in bringing up glue...
by admin | Aug 6, 2023 | Tax
Patrick Urda of the United States Tax Court dives into the technicalities of charitable contributions of property in Janet R. Braen et.al. It is about deduction for a bargain sale of land to a municipal government. As is usual, the story behind the story is probably...
by admin | Jul 31, 2023 | Tax
On June 30, 2023 Judge Peter B. Krupp if the Suffolk County Superior Court in Massachusetts issued a decision that may have far reaching consequences for affordable housing throughout the country. The case was Tenants’ Development Corporation v Amtax Holdings...
by admin | Jul 27, 2023 | Tax
One of the most basic estate planning technique for someone likely to have a taxable estate is regular annual exclusion gifts. That’s the amount you can give to each person without it counting against your unified credit. In 2023 the amount is $17,000. You...
