14albion
399
3paradise
Adam Gopnik 360x1000
Susie King Taylor 360x1000
2lafayette
9albion
1theleasofus
1jesusandjohnwayne
2falsewitness
1lookingforthegoodwar
storyparadox3
3albion
Lafayette and Jefferson 360x1000
Anthony McCann2 360x1000
1transcendentalist
LillianFaderman
299
Mary Ann Evans 360x1000
Anthony McCann1 360x1000
2albion
2paradise
2transadentilist
1empireofpain
2defense
7confidencegames
6albion
Margaret Fuller4 360x1000
3defense
13albion
499
lifeinmiddlemarch1
Edmund Burke 360x1000
Maria Popova 360x1000
Margaret Fuller 2 360x1000
12albion
Margaret Fuller3 360x1000
Margaret Fuller 360x1000
1lafayette
11632
AlexRosenberg
4confidencegames
1confidencegames
3confidencegames
5confidencegames
George F Wil...360x1000
lifeinmiddlemarch2
Margaret Fuller1 360x1000
Learned Hand 360x1000
1albion
7albion
199
Office of Chief Counsel 360x1000
Susie King Taylor2 360x1000
Stormy Daniels 360x1000
Spottswood William Robinson 360x1000
Thomas Piketty1 360x1000
1defense
Ruth Bader Ginsburg 360x1000
Gilgamesh 360x1000
10abion
1lauber
2lookingforthegoodwar
storyparadox2
Betty Friedan 360x1000
2jesusandjohnwayne
1trap
1gucci
George M Cohan and Lerarned Hand 360x1000
1falsewitness
Margaret Fuller5 360x1000
Samuel Johnson 360x1000
5albion
Thomas Piketty3 360x1000
1paradide
Storyparadox1
3theleastofus
2gucci
4albion
1madoff
Thomas Piketty2 360x1000
Tad Friend 360x1000
8albion'
Richard Posner 360x1000
Mark V Holmes 360x1000
2theleastofus
11albion
Margaret Fuller2 360x1000
Maurice B Foley 360x1000
2confidencegames
James Gould Cozzens 360x1000
2trap
Brendan Beehan 360x1000
6confidencegames
Panama Papers – Much Foreign Ownership Is Innocent

Panama Papers – Much Foreign Ownership Is Innocent

Form 5471 requires a lot of information about the foreign corporation.  In my experience, the challenging part for American accountants is getting the information.  Much gets lost in translation.  Sometimes it is difficult to determine what kind of an entity it is that your client owns.  Sometimes the people overseas controlling the books and records are less than cooperative.

If you are getting involved in overseas transactions of any sort, try to get your advisors on both sides of the border to coordinate things.  This is one area where the national accounting firms really shine, but you may find that they are too expensive if you are involved in relatively modest transactions.

read more

Freedom From Religion Foundation Attacking Clergy Housing Tax Benefit Again

In 2002 the IRS and mega church pastor Rick Warren were dueling about the fine points of the allowance. The Ninth Circuit decided that there was a question about the statute’s constitutionality and had Erwin Chemerinsky acting as amicus curiae, but arguably more like advocatus diabloli, start briefing the argument that the exclusion was unconstitutional, something not raised by either side in the case.  Congress acted with alacrity to amend the statute to make the dispute moot and that was the end of that.

read more

Over and over again courts have said that there is nothing sinister in so arranging one’s affairs as to keep taxes as low as possible. Everybody does so, rich or poor; and all do right, for nobody owes any public duty to pay more than the law demands: taxes are enforced exactions, not voluntary contributions. To demand more in the name of morals is mere cant.