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Most Recent Posts

Jury Finds Kent Hovind Guilty Of Contempt Of Court No Verdict On Fraud Charges

I just heard from Jonathan Schwartz of Interlock Media and freelance journalist Ben Sheffler that the jury has reached a verdict.  On the six count indictment, Hovind was found guilty on count three, which only applied to him – violating a court order to not interfere with title to the property.

 Hansen was found guilty on counts five and six, which only related to him – violating a court order to Creation Science Evangelism to refrain from further filings in relation the property and resisting a grand jury subpoena.  The jury was unable to reach a verdict on the more serious fraud charges against Hovind .  Hansen was found not guilty on one of the fraud charges (count two) with the jury not reaching a verdict on the other fraud charge (Counts 1 and 4).

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Did Eighth Circuit Bulldoze Caterpillar Dealer’s Like Kind Exchanges?

Did Eighth Circuit Bulldoze Caterpillar Dealer’s Like Kind Exchanges?

It is a really interesting problem. Deferring the tax is like getting an interest free loan of as much as $200,000 come next April which will be repaid over 5 years more or less depending on circumstance in those years. Who knows? Maybe rates will be higher. The financing from Caterpillar is equivalent to an immediate interest free $750,000 loan for six months.

Of course, NC tried to get both. It is interesting to wonder what they would have chosen if they knew they could only get one. I’d probably take the $750,000 bird in the hand in which case the aggressive position they took ends up being nothing ventured nothing gained if you ignore the mountain of work that somebody is going to have amending returns.

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IRS Busts In Las Vegas Tip Case

IRS Busts In Las Vegas Tip Case

Goddamn college kids. The case was about the adequacy of his records though.  If the Tax Court finds them adequate and credible, he wins.  The IRS had a number of objections to Mr. Sabolic’s fairly meticulous record keeping.  The Service kept hitting and kept busting.  Recording the daily amounts in whole dollars and using a conservative estimate for the share of his tips that went to barbacks did not cancel out his meticulous work.  Discrepancies with the MGM reporting were accounted for by timing and glitches in the MGM system.

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Pensacola Shows Little Interest In Kent Hovind Trial

Pensacola Shows Little Interest In Kent Hovind Trial

Rudy is very puzzled that in a city with as vibrant a church community as Pensacola – a church community that  Kent Hovind helped make prominent with his world wide video distribution, speaking tours and Dinosaur Advertureland – there is no support for Kent Hovind.  Rudy discusses the phenomenon in this youtube titled “The local churches think Kent Hovind is a tax cheat.”

Jonathan Schwartz was puzzled by the same question and came up with an answer by getting Steven Gray to turn the camera on himself.  Steven Gray, who is 25, grew up in Pensacola.  He was home schooled till the age of 17.  The home schooling was supplemented by science and math instruction from Kent Hovind.  He describes a warm and humorous teacher who was quite inspiring.  Steven is active in his church and still holds a young earth creation view, but along with most of the rest of the evangelical community in Pensacola is not warming up to Kent Hovind’s anti-government viewpoint.  Apparently the evangelical community in Pensacola might sympathize with Hovind’s plight and hope that he is released, but they also find him to be an embarrassment.

A similar perspective might also account for Kent’s fairly tepid support from the broader “creation science” community”.

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