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Most Recent Posts

Repair Regs And Tax Pros Are Like Headlights And Deer

Repair Regs And Tax Pros Are Like Headlights And Deer

The regulations totally refer to the physicality of the building and except for some de minimus  rules make no reference to dollars.  The regs say that if you have 10 roof mounted HVAC units and you replace three of them, you can expense that.  CSG takes that and makes the logical leap that if you have carved out $100,000 of the original building cost to HVAC and you have a bill for less than $30,000 you can expense it, more than $40,000 you have to capitalize with a gray area in between.  At any rate that is what I understood the rep to have presented.  I voiced my objection to that not reflecting what the regulations said and he indicated that might be true, but what else can you do and, of course, their IRS insiders had given the nod to this reasoning.

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Don’t Use The IRS To Address Koch Political Spending

Don’t Use The IRS To Address Koch Political Spending

In the end the concern about dark money is an ad hominem argument.  I’d like to think that we are smart enough to look at the merits of ideas without knowing who is pushing them.  Of course from here on in, progressives will be able to use the lack of transparency to attribute any support received by their opponents to the Koch brothers.  Play it that way and let the IRS stick to collecting taxes.

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A Free Kent Hovind Might Have Backing For A Bigger Better Dinosaur Theme Park

There’s more but Ernie actually gave me a better summary in an e-mail a couple of weeks ago

I could debate the subject of persecution of Kent, but then I would have to raise all the same issues of the Knights cavalier, the illuminati, the holy grail, the ark of the covenant, etc. because all of those relate back to the fallen angel, Satan and his dominion of earth and it’s Governments, so only well studied real Bible believing Christians would buy into my debate, so I’m best not debating Kent’s persecution over creation views and it’s foundation in Genesis, although I feel strongly those are the reasons. Personally, I believe as I’ve heard it said it’s not about the Muslims and the Christians, it’s not about black or white, but it is about the haves and the have nots. And they use the secret societies and governments to persecute those who expose their plots.

Richard Hofstadter  identified this type of viewpoint as a perennial of American history, “the paranoid style – the existence of a vast, insidious, preternaturally effective international conspiratorial network designed to perpetrate acts of the most fiendish character”.  Writing in 1965, Hofstadter observed “Today the evolution controversy seems as remote as the Homeric era to intellectuals in the East”.  Sadly Hofstadter died in 1970, so he is not available to weigh in on the persistence of the controversy.  I don’t think it would have surprised him.

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Moneygram Loses Big In Tax Court And Nobody Seems To Care

Moneygram Loses Big In Tax Court And Nobody Seems To Care

Moneygram ended up with a loss of over half a billions dollars.  Even though C corporations don’t get a favorable rate on capital gains, they are still limited in their ability to take capital losses, much as individuals are.  Whether Moneygram’s loss was capital or ordinary depended on whether or not it is bank.  Moneygram, of course argued that it was a bank and the IRS argued that it was not.  It turns out that it is not a bank, because —-  Well, because the Tax Court says it is not, but of course there are reasons.

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Exclusive – Kent Hovind Claims Congressmen Are Looking Into His Case

Exclusive – Kent Hovind Claims Congressmen Are Looking Into His Case

The rumor is that the interview was going to be cut down to two minutes and run on CNN prompting a call for the entire interview to be posted.  The latter was actually the plan all along and I never had any contact with CNN.  With that said, I really would not mind if people started contacting CNN to ask when Pete Reilly’s Kent Hovind interview is going to run.  What would be really cool would be to hear from my possible cousin Bill who is on Fox.  He poached a clip from my Jill Stein interview without giving any credit to me or Interlock Media.

Like my Jill Stein interview, this inteview will also be cut down into a number of topically based shorter sequences.  Also like my Jill Stein interview and the soon to be released interview with Ernie Land, it was professionally produced, although on a shoe string budget entirely funded by a notorious cheapskate.  I’m the cheapskate, of course.  The production is the work of documentary film maker Jonathan Schwartz of Interlock Media.  Among his credits are Turned Out and Faith in the Big House so he is far from a jail house interview virgin. His current project concerns the feminist icon Margaret Fuller.

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Bitter CPA Fight Good For Attorneys And Nobody Else

Bitter CPA Fight Good For Attorneys And Nobody Else

Mr. Waldman’s ex-partners won in district court – kind of. They were awarded the minimum which totaled $15,000. That is understandable, since getting a bad 1099 or W-2 will probably not do you much damage if you know what you are doing and the victims were CPAs. No award for attorneys fees, though. And I bet the fees came to more than 15 grand making for something of a Pyrrhic victory. Apparently they were not satisfied with the amount of wealth that had been transferred to the legal profession by the accounting profession. So they appealed. Mr. Waldman appealed also.

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Will Kent Hovind Become This Year’s Cliven Bundy?

Will Kent Hovind Become This Year’s Cliven Bundy?

 Ernie Land tells me that they have not been able to raise enough money for a conventional defense.  He also indicated that there is a group of businessmen anxious to back a commercial version of Dinosaur Adventureland that Kent could provide the intellectual guidance for.  One of their conditions is that he become conventionally tax compliant.  Kent has actually indicated that he might consider adopting a similar course to Eric and focus on exposing the lies of evolution and saving souls to the exclusion of fighting the tax system.  I hope it is not too late for that.

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