Tax - Your Tax Matters Partner

Don’t Try To Create Tax Basis With Journal Entries

by admin | May 21, 2019 | Tax

Originally published on Forbes.com. Companies should pay their own bills. That is probably the real lesson to be learned from the Eleventh Circuit upholding of the Tax Court decision in the case of developer Homero Meruelo. The stakes were pretty high, a deficiency...

Malware Attack Paralyzes Tax Businesses Throughout The Country

by admin | May 9, 2019 | Tax

Originally published on Forbes.com. Panic reigns in countless accounting firms across the nation as one of the top providers of tax software, CCH, a subsidiary of Wolters Kluwer, a Dutch company, has gone dark this week. Here is what they have to say about it. On...

Tax Court Judge Considers Passing On Deductions Unbusinesslike

by admin | Apr 28, 2019 | Tax

Originally published on Forbes.com. There is a subtle irony in the yacht chartering hobby loss decision from the Tax Court in the case of Charles and Rhoda Steiner. Judge Ruwe seems to argue that not being aggressive in taking deductions might be held against you. ...

Warren’s 7% Solution: Privatization Of Corporate Tax Measurement

by admin | Apr 24, 2019 | Tax

Originally published on Forbes.com. Elizabeth Warren has come out with a corporate income tax proposal. As far as I have been able to discern it is not very well fleshed out and the analysis of it seems pretty weak. Nonetheless, there is a core piece to it that...

Cautionary Tax Tale For Consultants With Long Term Gigs

by admin | Apr 22, 2019 | Tax

Originally published on Forbes.com. So this Tax Court decision about “business home” hits pretty close to home for me. Michael E. Brown, who has an accounting degree, an MBA and had a New Jersey CPA license practices as a “concierge CFO”. ...

National Accounting Firm Launches Cannabis Practice

by admin | Apr 17, 2019 | Tax

Originally published on Forbes.com. One way you can tell a thing is really becoming a thing is when you have national accounting firms jumping on it. So it looks like cannabis is now a thing. I had a nice discussion with Rick Frimmer, a managing director at...