Most Recent Posts
Euro Pacific Capital’s Peter Schiff Defends His Tax Protesting Father Irwin Schiff
.even though these cases, properly understood, do not support Mr. Schiff’s professed beliefs, they do contain language which, if honestly misconstrued and read out of context, could lead someone without legal training to believe that taxable income is limited to corporate profits
Catskill NY Pagan Phryganium Exempt From Real Estate Taxes
The Phryganium is located in Palenville, NY. Palenville is a “hamlet” that is part of the Town of Catskill. When Nancy McCoy, Assessor for the Town of Catskill, looked at the Phryganium, she thought she saw a run-down inn that a few women lived in and not much in the way of religion going on. So in her view, the Phryganium and its surrounding property belonged on the tax rolls.
Cigarette Importer Sees $300M Deduction Go Up In Smoke
There were a lot of little bits of advice that I received early in my career that I thought it best not to take. One of them was recommending to clients that they put any disbursements of dubious deductibility into purchases since nobody ever looks there. Somehow I doubt that that was the reasoning behind Vibo deducting $295,549,083 of MSA obligations, both present, and past, as part of its cost of goods sold (COGS) for 2004.
Duke Energy’s Billion Dollar Distribution May Be At Root Of Tax Court’s Crescent Holding Decision
Even though I would be hanging my head in shame, if I had been involved in a mess like that, it is actually not all that surprising. Particularly in the partnership area, there is a lack of communication and understanding among the principals, the planners who devise the schemes, the attorneys who draft the agreements, and the preparers of the returns. Mr. Fields’ role as a partner was probably critical to the larger scheme, but apparently, nobody explained it to him.
Do We Need A Clergy Tax Simplification Act Of 2014?
It is hard to see the public policy rationale for giving better tax treatment to people who help the poor because God tells them to than people who help the poor because they believe it is the right thing to do.
Southern Baptist Leadership Unconcerned About Clergy Abuse Of Tax Break For Housing
How does a senior pastor who might make $80,000 per year explain to the teachers in his congregation that even though their entire salary is subject to income tax, his is not? On top of that, denominations are going to have to spend a lot of their limited moral capital in defending the exclusion.
Judge Declares Tax Exclusion For Clergy Housing Payments Unconstitutional
The last time there was a threat to the parsonage exclusion, Congress acted with alacrity. The IRS was at odds with mega-church minister Rick Warren over whether his housing allowance should be limited based on the value of his house. The Ninth Circuit questioned whether the housing allowance was constitutional and appointed Erwin Chemerinsky to serve as amicus curiae (I’m wondering if the ministers might have thought of him as advocatus diaboli). Congress amended the Code to conform with the IRS interpretation thereby mooting the case.
Historian Views Kennedy Assassination As Climax Of American Catholic History
It could be seen as the climax of American Catholic history in the sense that his Presidency, his inaugural with Cardinal Cushing, and most of all his murder and the national mourning that took place with the integration of Catholic and American rituals and symbol–the whole country, together, experiencing the grief amid symbols, and ceremonies, American and Catholic, that were now fully our own- together-
Justice Antonin Scalia Led High Point Of Gettysburg Ceremonies
Among the countries listed were Canada and the United Kingdom. I wonder if they are fleeing the horrors of national health care. Also included was Burkina Faso, which I have to confess I had never heard of. It turns out that it was called the Republic of Upper Volta back when I was collecting stamps, which is the source of much of my lamentably deficient geographic knowledge. When our new fellow Americans were done abjuring all allegiance and fidelity to any foreign princes or potentates, the crowd gave them a standing ovation.
Live From Gettysburg Address Sesquicentennial
“President’s Lincoln’s Own Band” was performing at the Wills house. The Band is composed of the musicians who performed in the movie Lincoln wearing the same uniforms that they wore in the movie. CV and I got to chat with them last night at dinner in the hotel and this morning at breakfast. Apparently, the cold presents problems for them beyond discomfort as the larger instruments warm up more slowly which puts them out of tune. The band will be performing this morning at the Ceremony. The Marine Corps Band will be playing the National Anthem. It was President Lincoln that started the tradition of the special relationship between the Presidency and the Marine Corps Band.
