Most Recent Posts
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.
What Would A Graphic Novel By Kent Hovind Look Like?
Listening to Rudy Davis can make one think that it is impossible to satirize the Hovindication movement. That did not stop William Reilly, creative writing major at...
Kent Hovind Trial Day 5 – The Language Of Sovereignty
Kent Hovind is one of the leading lights in the field of Young Earth Creationism, the notion that there is scientific evidence for a hyper-literal reading of the Book...
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.
Coach Dave Daubenmire Wrong About How A “Jury of Peers” Would Help Kent Hovind
As the trial of Kent Hovind enters its fifth day, Coach Dave Daubenmire throws out an interesting theory. Should people who believe in evolution be included on the...
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”.
Kent Hovind Trial Day 4 – Owner Of Seized Property Tells Tale Of Threats Abuse And Harassment
Kent Hovind is one of the leading lights in the field of Young Earth Creationism, the notion that there is scientific evidence for a hyper-literal reading of the Book...
Kent Hovind Trial Day 4 Eric Hovind The Good Steward Testifies
Kent Hovind is one of the leading lights in the field of Young Earth Creationism, the notion that there is scientific evidence for a hyper-literal reading of the Book...
1099-C From Out Of The Blue? Don’t Ignore It! Fight It!
The case was complicated by a bankruptcy filing, but they really did not get into that. At any rate, the Tax Court reviewed the eight triggers than can require an entity to send out a 1099-C. Since you are probably not running a bank or something like that, I’m not going to run through them with you. One of the more obvious ones is that the statute of limitations on collection action has expired. Duh! So there should have been a 1099-C issued in 2001. That was when there was an event discharging the debt. All that happened in 2007 was that somebody decided to free up disk space or something which triggered the 1099-C.
Since there was no discharge event in 2007, Ms. Bacon wins. Huzzah!
On Eve Of Testimony In Kent Hovind Trial Son Eric Opens Up To Reporters
Kent Hovind is one of the leading lights in the field of Young Earth Creationism, the notion that there is scientific evidence for a hyper-literal reading of the Book...