by admin | Sep 28, 2018 | Tax
Originally published on Forbes.com. Pretty much everybody knows that if you bring over ten grand in cash to the bank and deposit it, the bank is going to send in a report that will get to the IRS. Projecting from there, you might figure they will put somebody on your...
by admin | Sep 25, 2018 | Tax
Originally published on Forbes.com. One of the highlights for me of the Paul Manafort and Richard Gates indictment was their failure to file proper FBARs. Talk about shooting fish in a barrel for prosecutors. It is not something very hard to prove. Makes you wonder...
by admin | Sep 21, 2018 | Tax
Originally published on Forbes.com. The IRS put out a helpful news release (IRS Tax Tip 2018-146) for some 130,000 veterans who may be entitled to refunds – Combat-injured disabled veterans may be due a refund. There are some unanswered questions and some...
by admin | Sep 20, 2018 | Tax
Originally published on Forbes.com. Pay attention. This is one of my posts with an important lesson rather than an entertaining story. The lesson comes from a Tax Court decision – TCM 2018-140. You will find out the taxpayer’s name if you read the case,...
by admin | Sep 18, 2018 | Tax
Originally published on Forbes.com. These easement cases keep coming. Section 170(h) of the Code has created a mini-tax shelter industry based on bogus conservation easements. Section 170(h) needs to be repealed and a better way found to promote conservation. Paul...
by admin | Sep 14, 2018 | Tax
Originally published on Forbes.com. The recent decision by the Tax Court in the case of Harbor Loft Associates strikes me as another instance of the IRS nailing an entity on a technicality, which probably did not have a great case on the merits. It was a facade...
