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Florida Man Blows IRA Bankruptcy Protection

by admin | Jul 9, 2019 | Tax

Originally published on Forbes.com. The Individual Retirement Account (IRA) is a great tax vehicle allowing an immediate deduction and tax-deferred growth or (in its deferred-gratification Roth form) tax-free growth. But that’s not all. The IRA can also be an...

Clever Techniques To Defer Capital Gains – Maybe Too Clever

by admin | Jul 8, 2019 | Tax

Originally published on Forbes.com. Back in the day, there was a strong sense that a tax deferred was almost as good as a tax avoided. A long period of low interest rates has shifted attitudes in that regard. Nonetheless, deferral of a large capital gains tax,...

Cannabis Company Harborside Goes Public – Will Appeal Multi-million $ Tax Court Ruling

by admin | Jul 1, 2019 | Tax

Originally published on Forbes.com. Harborside, Inc, a pioneer in the legal marijuana business founded by Steve DeAngelo and dress wedding has hired Greenspoon Marder to represent it in the appeal of a Tax Court decision to the Ninth Circuit. Greenspoon Marder, a...

Wealth Tax – That Pesky Constitution Might Get In The Way

by admin | Jun 25, 2019 | Tax

Originally published on Forbes.com. The notion of a wealth tax is definitely moving toward the mainstream as Dave Dawkins of Forbes reports on some of the billionaires who are now calling out for its passage. Here is the letter they wrote courtesy of the New York...

Former DOJ Tax Lawyer Turned Lobbyist Pleads Guilty To Leaving $2.2 Million Off Tax Returns

by admin | Jun 22, 2019 | Tax

Originally published on Forbes.com. The Department of Justice announced that one of its alumni strayed. According to court documents, attorney James F. Miller, 67, underreported his gross income on his 2010 through 2014 tax returns by approximately $2,215,587. Miller,...

Freedom From Religion Foundation Won’t Take Clergy Housing Case To Supreme Court

by admin | Jun 20, 2019 | Tax

Originally published on Forbes.com. The Freedom From Religion Foundation is throwing in the towel in its struggle against the exclusion from taxable income granted to “ministers of the gospel”. Code Section 107(2) grants the exclusion: In the case of a...