Most Recent Posts
Tax Court Attorneys Play The Hand They Are Dealt By Their Clients
“Under the double-entry accounting system developed during the Renaissance, each entry in a general ledger has two sides – a debit and a credit. ” Judge Emin Toro – United States Tax Court
July Developments – Part III – Does IRS Hate Crypto?
“The prosecution of John Caleb Wright represents more than an isolated case of alleged tax evasion—it exemplifies a disturbing pattern of government persecution targeting the very individuals who pioneered the cryptocurrency revolution. This systematic campaign against early adopters reveals a coordinated effort to criminalize the foundational activities that built the digital asset ecosystem we know today.”
Turning Wedding Gift Money into a Head Start for Your Marriage
Before a single dollar moves, the two of you need to agree on what this money is for, because money habits are among the most common sources of friction in a marriage, and this is good practice for the decisions to come.
Doctor Dino Sues Again: New Complaints Against Cindi Lincoln And Others
These complaints are unusually thorough for pro se filings and leverage public video evidence and the favorable criminal outcome for Jones. They correctly identify high-stakes statements and potential federal privacy violations. However, the combination of public-figure standards, time-bar risks, attenuated causation for prosecution-related claims, and the plaintiffs’ own complicated histories makes sweeping success unlikely. The Wiretap claims against Lincoln are the clearest potential winner if the facts are as pleaded and limitations can be overcome.
July Developments – Part II – Including A YTMP Exclusive
The recent decision is about the value of the gifts that Linda and Peter made. It was $35,141,321 each which strikes me as pretty disastrous. Remember the gift is going up a generation. How that relates to whatever they achieved with the promissory notes is beyond me. I also have to admit to being lost in the valuation discussion.
Couple Gets Lawsuit Settlement And Comes Out Behind After Tax
If you are taxed on the proceeds from a lawsuit, it seems like you should be able to deduct the legal fees involved at least to the extent of your income. Only that is not the way it generally works. There are a couple of exceptions with AGI deductions for discrimination suits (IRC 62(a)(20) and whistleblower suits (IRC 62(a)(21)), but that was no help to couple suing credit reporting companies.
July Developments – Part I – I Hate Whistleblowing
We need to go back to December 14, 2012 when it is generally believed that twenty children and six adults were killed by a school shooter at Sandy Hook Elementary School in Newtown, CT. In February 2022 Remington Arms manufacturer of the rifle used in the shooting reached a $73 million settlement with the families of nine of the victims.
Well now, it seems likely that the families would have excluded that income under Section 104. According to Fetzer they are not entitled to the 104 exclusion, because nobody was actually killed at Sandy Hook. He has a book on the subject.
The Odyssey – Christopher Nolan’s, Uberto Pasolini’s And Mine
There are some other really great effects in Nolan’s film like the whirlpool and the cyclops. So I came out feeling it was OK, but on reflection I felt like I liked The Return better.
June Developments Part II – I Hate ERC Almost As Much As Crypto
My main thought on the ERC is that it is a really bad idea to invent a totally new tax incentive in the face of a crisis.
Interesting Tax Developments In June 2026 – Part One – I Hate Crypto
The Supreme Court Moore opinion has greatly excited alternative tax thinkers with its holding that the income tax is indirect. This is buttressed by the facts that courts and IRS have been misstating the holding in the 1916 Brushaber opinion.