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Crackdown On Conservation Easement Syndications

by admin | Dec 20, 2018 | Tax

Originally published on Forbes.com. The Justice Department is taking on abusive conservation easement syndications. A complaint was filed on December 18 in the Northern District of Georgia seeking an order stopping Nancy Zak of Forever Forests LLC, appraiser Claud...

IRS And Marijuana – Reefer Madness – Tax Court Harborside Decision

by admin | Dec 17, 2018 | Tax

Originally published on Forbes.com. The federal tax treatment of state-legal marijuana businesses makes no sense. As I used to tell staff who made “no sense” comments – That’s not a requirement. That is the basis of Reilly’s First...

Tax Cut Bonanza For Retailers And Wholesalers

by admin | Dec 9, 2018 | Tax

Originally published on Forbes.com. Whatever they were thinking, assuming they were thinking, when they passed the Tax Cuts and Jobs Act(TCJA), wiping out more than a year’s worth of taxable income of retailers and wholesalers that gross less than $25 million...

Law Professor Argues New Pass-Through Rules (199A) Are Horrible

by admin | Dec 6, 2018 | Tax

Originally published on Forbes.com. When it comes to new Code Section 199A (often referred to as the pass-through rules) and Professor Daniel Shaviro of NYU, don’t get him started. He had his piece Evaluating The New US Pass-through Rules published in a UK...

The Thinking Behind The Tax Cuts And Jobs Act – Assuming There Was Some

by admin | Nov 29, 2018 | Tax

Originally published on Forbes.com. Linda Sugin, Associate Dean for Academic Affairs, at Fordham University School of Law thinks about the Tax Cuts And Jobs Act in a much different way then practitioners like myself think about the act. While we are contemplating how...

CPA Convicted Of Assisting On False Tax Return – Did He Get A Raw Deal?

by admin | Nov 23, 2018 | Tax

Originally published on Forbes.com. On Thanksgiving Day 2018, as I pondered things to be thankful for, one of them was that I am not Marc Howard Berger, a CPA, retired from a large regional firm where he was a tax partner. Last week he was denied retrial on his July...