by admin | May 10, 2023 | Tax
The dispute between certain owners of interests in low income housing projects and not for profit sponsors has taken an ugly turn. AMTAX Holdings 227, LLC has filed suit in the United States District Court for the Southern District of New York against accounting firm...
by admin | Apr 29, 2023 | Tax
Senators Kevin Cramer and John Thune, Republicans who represent Dakota, North and South respectively, have introduced the Death Tax Repeal Act of 2023. This is not a new thing. I think the origination of the term “death tax” is a little murky but much...
by admin | Apr 17, 2023 | Tax
So I spent a couple of hours, that I will never get back, watching coverage of the arraignment of our once and aspiring future President Donald Trump. Sensible tax oriented CPAs were probably for the most part more productively occupied what with that deadline coming...
by admin | Apr 13, 2023 | Tax
Judge Thomas Hardiman of the Third Circuit wrote approvingly of Tax Court Judge Albert “Scholar Al” Lauber’s opinion in the case of Mitchel Skolnick. It is a large dollar hobby loss opinion – horses of courses – that may have...
by admin | Apr 7, 2023 | Tax
A day may come when the fallout from the tax shelter scandal at the turn of millennium is no more. But it is not this day. On this day we share the story of Robert “Bobby” Kotick, CEO of Activision Blizzard, and Seaview Trading LLC. Mr. Kotick is a...
by admin | Apr 2, 2023 | Tax
Congressman Earl (Buddy) Carter (R-GA) has introduced the FairTax Act of 2023. I generally am hesitant to study proposed tax legislation too hard after a bad experience I had. I intensely studied the proposal that ultimately went into the Tax Reform Act of 1986 and...
