Most Recent Posts
John Bierwirth’s Grumman Takeover Defense Led To Pension Litigation
You have to wonder whether, in the heat of fending off a takeover attempt, it even crossed the mind of Mr. Bierwirth and the other trustees that using the pension assets for that purpose was even ethically dubious, much less something that opened them to personal liability. I remember that around that time, our firm was still doing Form 5500 for client pension funds.
NFL As Tax Exempt Less Than Meets The Eye?
Essentially 501(c)(6) organizations are not charities, because their members are trying to make money. The members, though, are trying to make money for themselves. They don’t really have an interest in having the 501(c)(6) make money. That is why it is not-for profit even though it is not a charity.
In Defense Of Special Tax Breaks
Affordable housing is another one of those things that we can’t totally rely on the free market to provide, particularly since the 1% are less attached to the free market when it comes to zoning in the neighborhoods where they live.
Tax Reform – Should Partnerships And S Corporations Follow The Same Rules ?
The biggest difference between S corporations and partnerships is probably the fact that owners have basis in their share of the partnership’s liabilities
Current Tax Reform Push Less Promising Than 1986
The primary theme is “Hooray for tax simplification, but not in my back yard”. There was one exception that I noted, 3M Company would throw the R&D credit and accelerated depreciation under the bus in exchange for lower rates. Of course, after we get the Internal Revenue Code of 2014 enacted, they might be back in 2016 explaining how much better things were when we had an R&D credit.
White House Agrees DOMA Should Be Repealed But Dianne Feinstein Not A Traitor
While many countries mandate the use of the metric system by law, the U.S. Congress has repeatedly passed laws that encourage voluntary adoption of the metric system. We use a mixture of metric and customary units depending on the context. We also have a long tradition of voluntary standards and our bilingual system of measurement is part of that tradition.
Creation Science Hall Of Fame Granted 501(c)(3) Status
The Creation Science Hall of Fame inducted Kent Hovind a few months ago. The discussion of Dr. Hovind’s legal struggles in his CSHOF bio, if you will excuse the expression, evolved over time. At one point there was a fairly elaborate characterization of him as a tax protester, but Hovind himself denies that he is a protester. So ultimately discussion of Dr. Hovind’s tax problems in his CSHOF bio became extinct.
State Court Can Order Custodial Parent To Release Exemption
In Massachusetts, it seems to be common to alternate the exemption from year to year, which seems to be a formula for fomenting needless bickering. My theory for the emphasis on the dependency exemption in divorce negotiations is that it somehow makes the noncustodial parent feel validated as a parent. The truth is that the IRS and the Tax Court have no interest in what kind of a parent you are and would be ill-equipped to make a determination if they did.
Homeland Security Targets Tea Party ?
I don’t know why it is that the federal government has a wide variety of specialized law enforcement people, but it does. The ones whose job it is to protect federal buildings and the people who work in them are part of the Department of Homeland Security. You start having crowds form outside federal buildings, it is their job to see what is going on. The evidence that they are picking on the right is rather slim, since earlier this week they arrested over twenty people from a variety of groups loosely identified with Occupy Wall Street, who started an encampment in front of the Justice Department.
RVania Resident Taxed By New Mexico
I saw one estimate, a bit implausible, that 500,000 full-time RVers claim South Dakota residence. That would mean that most of the people who live in South Dakota (Population 833,000 +/-) don’t live in South Dakota.