12albion
Betty Friedan 360x1000
1lauber
13albion
2trap
2jesusandjohnwayne
199
2confidencegames
1lafayette
1theleasofus
Thomas Piketty1 360x1000
Thomas Piketty3 360x1000
George M Cohan and Lerarned Hand 360x1000
1defense
2albion
Gilgamesh 360x1000
Office of Chief Counsel 360x1000
1lookingforthegoodwar
1falsewitness
Margaret Fuller2 360x1000
Storyparadox1
storyparadox3
3theleastofus
AlexRosenberg
Spottswood William Robinson 360x1000
4confidencegames
299
4albion
2lafayette
2defense
399
14albion
Anthony McCann2 360x1000
Edmund Burke 360x1000
Anthony McCann1 360x1000
Margaret Fuller4 360x1000
8albion'
storyparadox2
Susie King Taylor 360x1000
Mary Ann Evans 360x1000
7confidencegames
Lafayette and Jefferson 360x1000
1transcendentalist
James Gould Cozzens 360x1000
2gucci
Margaret Fuller3 360x1000
3confidencegames
2lookingforthegoodwar
10abion
6confidencegames
1confidencegames
11632
499
3albion
Stormy Daniels 360x1000
1madoff
1empireofpain
Samuel Johnson 360x1000
Tad Friend 360x1000
Susie King Taylor2 360x1000
1gucci
3paradise
1paradide
Richard Posner 360x1000
7albion
Ruth Bader Ginsburg 360x1000
Margaret Fuller 360x1000
11albion
Maurice B Foley 360x1000
Margaret Fuller 2 360x1000
lifeinmiddlemarch2
1albion
Margaret Fuller5 360x1000
5confidencegames
George F Wil...360x1000
2theleastofus
Learned Hand 360x1000
Thomas Piketty2 360x1000
Margaret Fuller1 360x1000
lifeinmiddlemarch1
9albion
2transadentilist
Adam Gopnik 360x1000
1trap
5albion
2falsewitness
3defense
Brendan Beehan 360x1000
6albion
1jesusandjohnwayne
2paradise
LillianFaderman
Maria Popova 360x1000
Mark V Holmes 360x1000

Most Recent Posts

Government Lawyers Advocate For Atheism As A Religion

Someone make the case that Joe Sixpack has to pay taxes on his income and doesn’t get any exclusion for his singlewide complete with a deck and a mangy dog sleeping under it, while Kenneth and Gloria Copeland live in an 18,280 square-foot lakefront parsonage on 25 acres valued at $6.2 million and exclude hundreds of thousands of dollars from income taxes under the housing allowance

read more
Charity Begins At Home But Cannot End There

Charity Begins At Home But Cannot End There

To be attached to the subdivision, to love the little platoon we belong to in society, is the first principle (the germ as it were) of public affections. It is the first link in the series by which we proceed towards a love to our country, and to mankind.

read more
S Election For Cash Basis C Corporation Fraught With Peril

S Election For Cash Basis C Corporation Fraught With Peril

Document the obligation of the company to pay out bonuses based on accrual income, make entries to reflect the obligation and pay them within two and a half months.  Make the payments even if you may have to loan money back for working capital and, of course, be rigorous about executing notes if that is required.

read more
Military Retirement Pay Veterans Benefits And Divorce Make For Tax Confusion

Military Retirement Pay Veterans Benefits And Divorce Make For Tax Confusion

At the end of the day, this case is about how the benefit of converting from military retirement pay to veterans benefits should be divided.  If the case had gone the other way, half the benefit would have gone to the ex-spouse.  The simple guiding principles should be that when in doubt you go with the disabled veteran, but, of course, those judges can’t just come out and say that.  As a practical matter, divorce agreements allocating military retirement payment should probably explicitly address what happens if the pay is reduced due to veterans benefits.

read more

Windsor As A Precedent – Much More Than Taxes

Essentially what they are saying is that they don’t have a dog in this fight.  They wanted to turn the money over to the Court and let the prospective beneficiaries argue about it.  Cozen O’Connor knows it has to be pay somebody, but wants the Court to say whom.  Since the Cozen O’Connor plan explicitly incorporated ERISA language in its plan document, the constitutionality of DOMA was critical to the decision.

read more
F. Lee Bailey Two Million Dollar Tax Lien But Still A Mensch

F. Lee Bailey Two Million Dollar Tax Lien But Still A Mensch

I’m 61 years old and hold CPA licenses from both Florida and Massachusetts, the same states that licensed Mr. Bailey.  If I were ever to lose those two cherished credentials, I could not imagine going to Maine and taking the CPA exam in order to reboot my career.  That’s why I really admire Mr. Bailey’s character.  Maybe spending time in Maine, he has  absorbed some of the Joshua Chamberlain spirit.

read more
IRS To Collect Estate Tax From Beneficiary After More Than A Decade

IRS To Collect Estate Tax From Beneficiary After More Than A Decade

If an estate is going to be taxable, it might not be such a bad thing to have all the assets concentrated, get the taxes and other debts and expenses paid and distribute the balance.  Although it is not what is happening in this case, in principle, someone who receives property outside of probate might be tagged with a surprise estate tax assessment long after their windfall.

read more
Rhode Island Not Giving Historic Credit For Journal Entries

Rhode Island Not Giving Historic Credit For Journal Entries

The controller of the management company took pity on me and sat down and explained to me that all those various fees are “just names” for the money that the principals take.  Any actual cash was flushed through an intercompany account and it was up to me to wield my mighty pencil and green analysis paper to make journal entries.

read more