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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...

Love Of Music Hurts Chance For Deductions And In Tax Court Use A Lawyer

by admin | Nov 19, 2018 | Tax

Originally published on Forbes.com. The appeal of the Tax Court decision in the case of country music star Joy Ford went pretty quickly as these things go. The opinion of Judge Foley was released on January 25, 2018 and the Sixth Circuit filed its opinion on November...