Most Recent Posts
Another Proof That S Corp Can Be Best Choice For Professional Practices
Anybody with a professional practice netting anywhere above the very low six figures needs to have an extremely good reason to consider continuing as a C corporation in light of this and similar decisions. Also this is probably another sign that using S corporations to avoid some, but not all, payroll tax is a very solid strategy.
Zombies Can’t File Tax Court Petitions
Unlike a traditional statute of limitations, the 90-day period of section 6213(a) generally cannot be tolled or extended. Jurisdictional statutes such as section 6213(a) are conditions on the waiver of the Federal Government’s sovereign immunity and must be strictly construed. Section 6213(a) provides that a petition may be filed by the taxpayer during the 90-day period. Petitioner’s suspension under Cal. Rev. & Tax. Code sec. 23301 deprived it of the capacity to sue under section 6213(a) and prevents its corporate revival from prejudicing respondent’s defense of lack of subject matter jurisdiction.
Clinic Escort Discusses Details Of 1994 Pensacola Abortion Clinic Murders
In conjunction with coverage of the Kent Hovind trial, Jonathan Schwartz and Abigal Magginson interviewed Bill Caplinger to get background on the religious atmosphere...
Retired IRS Kent Hovind Critic Seeks To Debate Structuring
The trials, literally, and tribulations of Independent Baptist minister and young earth creationist Kent Hovind have spawned a support group, whom I have taken to...
Kent Hovind And The Professors Of Pensacola
Independent Baptist Minister and young earth creationist Kent Hovind, nearing the end of a long prison sentence on tax related charges finds himself facing new charges....
Exelon Subsidiary Denied Tax Breaks On Three Mile Island Purchase
I found it interesting that AmerGen when it spent its $93 million got essentially a bag of money nearly ten times as large along with the nuclear power plants. There is that nasty decommissioning exposure, but that’s in the far, far future. My inner villain sees opportunity here, but I suspect that the regulators are all over it and there is not that much you can really get away with. On the other hand I used to believe that stock analysts actually read the notes to the financial statements and I’m beginning to wonder about that.
Will the real Kent Hovind please stand up? Dr. Dino gets outed by an ex-employee.
Independent Baptist Minister and young earth creationist, Kent Hovind, "Doctor Dino", nearing the end of a long prison sentence on tax related trial finds himself...
Nay Nay We Won’t Pay – Evaders, Protesters and Resisters Versus IRS
Dr. Olejak is probably the exception that proves the rule when it comes to few prosecutions of war tax resisters compared to tax protesters. The protesters, because they believe the IRS is acting illegally, end up performing other illegal or questionable acts – such as the structuring that made up most of the counts Kent Hovind was convicted of or the type of property filings (sometimes called “paper terrorism”), that are the basis of Hovind’s current prosecution.
In Dr. Olejak’s case we see that type of behavior in a war tax protester and similar attention from IRS Criminal Investigation. When it comes to the lighter sentence, he ended up getting credit for “acceptance of responsibility” and entered into a plea agreement. Hovind, on the other hand, went to trial and even after conviction and unsuccessful appeal continues to insist that he broke no laws.
Did Andie MacDowell’s Mountain Hideaway Require Tax Incentives?
Balsam Mountain Preserve counts itself the lowest density private club community in western North Carolina. Of the 4,400 acres in the community, 3,400 are in permanent conservation easement with North American Land Trust holding the easement. There is also The Balsam Mountain Trust that is dedicated to the stewardship of the preserved land. The architecturally distinctive homes in the preserve currently for sale range from $850,000 to $2,800,000. Available homesites range from $150,000 to $460,000.
Ninth Circuit Rules Against War Tax Resister
Just to be clear, because this can get a bit confusing, Ms. Boardman recognizes that the IRS can legally come and grab her money. Her legal objection is to the practice of identifying war tax resisters as frivolous and attempting to suppress them. In 2013, there was a field attorney advice issued that indicated that a proper return that is accompanied by a protest letter will not be subject to the $5,000 frivolous return penalty, but the frivolous position label still remains. As best I can understand it, if the IRS just treated war tax resister returns the same way they treat any other return that comes in without full payment, there would not be an objection under the Religious Freedom Restoration Act.