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Special Rate For Flow-Through Entities Is A Really Bad Idea

Originally published on Forbes.com. The Unified Framework For Fixing Our Broken Tax Code has the tax blogosphere in its grip.  I was thinking of passing on it, but the elderly curmudgeon in me can’t resist reflecting on how comprehensive tax reform was handled...
KPMG Haunted By Its Tax Shelter Follies

KPMG Haunted By Its Tax Shelter Follies

Originally published on Forbes.com. KPMG’s woes from its tax shelter shenanigans around the turn of the millennium seem never-ending.  The original story of X-Rated tax shelters being promoted by national accounting firms was broken by Janet Novack in 1999. ...
Taxpayers Blindsided By Obamacare Lose In Tax Court

Taxpayers Blindsided By Obamacare Lose In Tax Court

Originally published in Forbes.com. Another odd Obamacare decision hit the Tax Court yesterday (See my Obamacare Travesty In Tax Court earlier this month).  The Tax Court gave Benjamin and Delores Gibson the bad news that they would have to pay back a premium credit...