Tax - Your Tax Matters Partner

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...

Playboy Building In Tax Court

by admin | Oct 18, 2017 | Tax

Originally published on Forbes.com. If you are still reeling from hearing about the passing of Hugh Hefner, it might be a comfort to know that the Playboy Building in Chicago is being preserved. It is now called the Palmolive Building, as it was before it became the...

Clergy Housing Tax Exemption The Times Square Of Religion And Taxation

by admin | Oct 15, 2017 | Tax

Originally published on Forbes.com. Judge Barbara Crabb’s decision that Code Section 107(2)- the parsonage exclusion – is unconstitutional reminds me of the movie Ground Hog Day, in which Bill Murray lives the same day over and over. Only for those...