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More On The Mormon Ensigngate

The whistleblower allegation that Ensign Peak Advisors, has in its over 20 years of existence accumulated over $100 billion dollars in excess tithes and the investment returns thereon is generating some excitement. EPA is characterized as an integrated auxiliary of...

$100B In Mormon Till Does Not Merit IRS Attention

Originally published on Forbes.com. Well, it’s interesting to see Mormons back in the tax news. The Washington Post has a story about a whistleblower’s disclosures to the IRS that Ensign Peak Advisors, Inc, founded in 1997, has accumulated over $100 billion in assets...

Tax Court Allows Long String Of Horse Losses

Photo credit Midge Ames. Originally published on Forbes.com. A long string of losses in a horse-related business may well attract IRS attention. Don’t despair. If you take the right steps you have a good chance of winning in Tax Court. Reilly’s Eighteenth Law of Tax...
Tax Planning For The High Salary Pauper

Tax Planning For The High Salary Pauper

One of the greatest confusions in discussions of inequality is that between income and wealth. This struck me recently when somebody with a very high W-2 (low seven figures) asked me what sort of things they could do to manage the income tax that, federal and state...
Major Crackdown On Conservation Easements Or IRS Bluff?

Major Crackdown On Conservation Easements Or IRS Bluff?

Originally published on Forbes.com. The IRS wants us to know that it is getting really serious about abuse in the area of the syndication of conservation easements. IR-2019-182 issued on November 12 tells us: “The Internal Revenue Service announced today a significant...