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Do Women CPAs Just Need To Lean In ?

Do Women CPAs Just Need To Lean In ?

Personally, I don’t think public accounting’s “women at the top problem” will be solved by women reading “Lean In” and changing their ways.  It will be solved when a few score women directors, senior managers and income partners walk out and start a firm.  I’d be willing to bet that Womanpower CPAs would have one of the top 4 spots within a decade and transform the industry.

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Not Good For Real Estate Loss When Tax Court Judge Says Purports

Not Good For Real Estate Loss When Tax Court Judge Says Purports

This is something that a lot of people trip up on, because these rules are so confusing.  The real estate pro status just gets you out of the “per-se” rule.  You still have to show that you “materially participated” in each of your properties.  The gold standard of material participation is 500 hours, which, of course, is impossible if you have several properties.  You are, however, allowed to elect to aggregate your properties into a single activity for purposes of measuring participation.  The Bugarins failed to make the election.

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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.