Most Recent Posts
Motocross Racing With Tax Deductible Dollars Works This Time
The IRS argued that the sponsorship of Ben was a personal expense, but the Tax Court was having none of it, pointing out that all five children had been supported in their motorcycle pursuits, but only Ben, who had already achieved some national prominence, was sponsored. The IRS also argued that supporting Ben in races outside the company’s business area was of no benefit, but the Tax Court did not buy that argument either.
AAA Does Not Revive With New S Election – Explained By Jelly Beans
The Accumulated Adjustment Account (AAA) from the first S period is entirely gone and can never be brought back. If you were playing Magic, it would be like one of the cards you have to remove from your graveyard. When you revoked your S election, you did not just move the black jelly beans on top. You turned the old red jelly beans into orange jelly beans, doomed to be among those last consumed.
Between The Scylla Of Creation Science And The Charybdis Of Militant Rationalism I Steer A Perilous Course
All my Kent Hovind posts up till now have been on forbes.com, but I decided that this one needs to be here. Kent Hovind is one of the leading lights in the arguably...
A Creepy Message From The Federal Government
I'm trying to decide whether this is ominous or not. I did a post on a case nearly two weeks ago in which I noted that the Tax Court in seeking a definition referred...
Why I Skipped The 1864 Sesquicenntential
In the summer of 2012, I had this odd notion that I just had to get to the 150th Anniversary of the Battle of Antietam. While I was there I discovered that...
I Really Missed President Obama At Gettysburg Address Sesquicentennial
Roughly a year later I have been republishing my forbes Sesquicentennial real time posts. This one went up at the end of October in anticipation of the Gettysburg...
Can Horse Owners Win In Tax Court By Partnering With Trainers?
Central to our conclusion is Mr. Knight’s involvement, not only as the trainer, but also as the coowner of petitioners’ horses. In a very real sense, he and petitioners embarked on a joint venture to own, train, race, and sell thoroughbred horses. The evidence clearly established that Mr. Knight embarked on this venture with the intent to make a profit. We conclude that petitioners’ motivation was the same as his.
Should President Obama Offer Amnesty For Legal Residents Behind On Taxes?
Given the number of delinquent accounts out there you would think I would know a few people who have them. Well I don’t, but there is this friend of a friend of mine who knew somebody I could speak to. You know how it goes. I asked this fellow or gal, whom I will call Tracy, whether a program like this might be meaningful. Tracy had a large outstanding balance that he or she never paid. There has been no word from the IRS for some time, but it hasn’t been ten years. Tracy, as usual, has no money now, but is certain that if an offer came in for a sum certain payable in three months arrangements might be made.
It seems like it might be a good deal all the way around. One more citizen out of the shadows, a bird in the hand for the government and IRS resources freed up to fight identity theft or enforce Obamacare – whatever – as long as its not harassing the Tea Party. That is counterproductive.
Seventh Circuit Kicks Parsonage Can Down The Road – Some Commentary
But the Establishment Clause isn’t the end-all, be-all of constitutionality: the Constitution is just as clear about the standing requirement. And in this case, the FFRF didn’t do anything at all to meet that bar; ultimately, they just argued that, because they would have been denied, standing was irrelevant. And the stupidity and laziness of that argument is underscored by the Seventh Circuit’s footnote 3: all they had to do, for standing purposes, was file their returns claiming the section 107 exclusion. Or file an amended return claiming it. Sure, they lose and they have to pay the unpaid taxes with interest. But they also overcome the bar to having their suit adjudicated.
I know that things like “standing” don’t really resonate with the general public (and I’ve read a couple blogs that treat this like it’s a substantive victory for the pastoral housing exclusion). But to a large degree, the validity of our judicial system rests on its procedural fairness—maybe the courts get things wrong sometimes, but at least they follow a fair, knowable procedure, giving litigants a legitimate shot at justice. By attempting to circumvent that (constitutionally-prescribed) procedure, the FFRF and the district court risked not only the precise decision that the Circuit delivered, but also undermining the very Constitution they try to enforce.
Kent Hovind And Creation Science Evangelism – How Not To Run A Ministry
According to Gallup 42% of Americans believe that God created humans pretty much as they are now less than ten thousand years ago. That is a little disturbing, but when I asked a friend of mine with biological training if there were things that we use that wouldn’t work if you didn’t believe in evolution, he didn’t come up with anything. Leaders in the “creation science” movement have been encouraging Kent Hovind to give up fighting the IRS and focus more on creation science. The prosecution motivates Kent to keep up the tax fight and possibly drag some part of the 42% into sovereign citizen tax defiance. Even though I believe in evolution and that the world is billions of years old, I would rather have Kent Hovind trying to convince people that the world is 6,000 years old than encouraging crackpot tax theories. I think the latter are more harmful. That’s why I think the current prosecution might not be a good idea.