Tax - Your Tax Matters Partner

Grain Glitch Fix Unfair To Worker Cooperatives – And Stormy Daniels Tax Update

by admin | Mar 15, 2018 | Tax

Originally published on Forbes.com. It looks like I will be getting smacked on the side of my head with one of my own laws. Reilly’s Third Law of Tax Planning – Any clever idea that pops into your head probably has (or will have) a corresponding rule that...

Stormy Daniels And The $130,000 – Based On Agreement, I Call It Capital Gain

by admin | Mar 7, 2018 | Tax

Originally published on Forbes.com. Well, when we have allegations about a president and a porn star, what is there for me to think about? Taxes of course. I’m thinking about what I would have done if I had prepared the 2016 tax return of Stephanie Clifford...

The Hazards Of Being Kent Hovind

by admin | Mar 6, 2018 | Kent Hovind, Tax

I’m really pleased to have Lamar Smith back with a guest post. _________________________________________________________________________ In the opening voice-over to that wonderful Disney Movie ‘The Blind Side,’ Sandra Bullock compares the...

Last Of The Pensacola Properties Will Be Applied To Kent Hovind’s Criminal Penalties

by admin | Mar 5, 2018 | Kent Hovind, Tax

The mills of the gods grind slowly, but they grind exceeding small. Well the mills of the IRS are still grinding Kent Hovind as we see from a new flurry of activity arising out of Kent’s criminal conviction in 2006. Kent was convicted on multiple counts...

New Tax Law Immediate Write-Off Increases Demand For Tax Savvy Engineers

by admin | Mar 4, 2018 | Tax

Originally published on Forbes.com. Boiling down one of the more exciting provisions of the Tax Cuts and Jobs Act for my friends in reals estate, I would say that the bill lets them immediately write off a substantial piece of an acquisition – twenty maybe...

Forfeited Deposit Income Ordinary Not Capital Gain

by admin | Feb 27, 2018 | Tax

Originally published on Forbes.com. A company that got to keep a non-refundable deposit on the planned sale of a hotel had to recognize ordinary income rather than capital gain when the deal fell through. That was the result in Eleventh Circuit decision in the case...