Tax - Your Tax Matters Partner

Using The Coen Brothers To Learn About Tax Cuts Act Special Business Rate

by admin | Nov 3, 2017 | Tax

We finally have a tax bill to look at (The Tax Cuts And Jobs Acts – H.R. 1). You can look at the new rates and learn about the mortgage deduction and the enhanced standard deduction elsewhere. (I doubt you can do better than Kelly Erb.) I’m going more...

Waiting For The Tax Cut Shoe To Drop

by admin | Nov 2, 2017 | Tax

Originally published on Forbes.com. This might serve as a cautionary tale for those of you tempted to take up tax blogging . Congress and the President are promising us a major tax act. President Trump would like it to be called the Cut Cut Cut Act. You know, if you...

Florida Couple Fails To Check References Or Keep Receipts – Does Not End Well In Tax Court

by admin | Nov 2, 2017 | Tax

A Florida couple got a painful tax lesson following an even more painful lesson in how not to be a landlord. The sad story is in Tax Court Summary Opinion 2017-79. Although they have made themselves public, they don’t need me to make them more famous, so I will...

Manafort And Gates – That’s How They Got Al Capone

by admin | Oct 30, 2017 | Tax

So after waiting all weekend for the other shoe to drop on the promised indictment in the Mueller investigation, it turns out that it is a tax story. The District of Columbia Grand Jury indictment charges that Paul Manafort and Richard Gates hid millions of dollars...

IRS Scandal Ends As It Began With An Apology

by admin | Oct 27, 2017 | Tax

Originally published on Forbes.com. Maybe it’s a matter of the Linchpins of Liberty declaring victory and going home or maybe its a matter of elections having consequences, but it may be that the interminable IRS scandal is at an end. Was it a matter of...

Tax Court Expects Better Tax Judgment From Submarine Skipper Than CPA/Lawyer

by admin | Oct 24, 2017 | Tax

Originally published on Forbes.com. Another day another penalty case from the tax shelters of the turn of the millennium. This one has me a bit torn. I find the taxpayer very sympathetic. It was Corbin McNeill’s role as a utility executive that sent him...