Most Recent Posts
Suze Orman In Press Conference On DOMA Calls For Great Gay Migration
The 1,100 or so that she was referring to is the number of items in the entire United States Code where benefits are impacted by marital status. They are not all tax related.
Filing Extension On April 15 Can Be More Important Than You Think
What these three elections have in common, along with a lot more, is that they must be made by the due date of the return to which they apply. The due date includes extensions. This is what makes Form 4868 so important even for people who do not have to worry about penalties. There are ways to get relief for late elections, but it is a lot more trouble than filing an extension.
Taxing The Third Space
To become more specific to our situation: our physical fitness facility, bookstore and coffee shop, exist to meet a primal spiritual need: human connection with our fellow believers in the midst of an increasingly impersonal urban space. This is particularly crucial for the low income and immigrant populations to which we minister in great numbers. In safe community with their fellow Christians, immigrants learn English, acquire the cultural knowledge necessary to adapt to American life, and accept the growing responsibilities of church membership
Splitting Up Family Assets Can Raise Estate Taxes
The thing I wonder about is whether the planning might have worked if rather than enhancing the Trust’s ownership in CI LLC, it had been slightly diluted. If the Trust’s interest were cleanly below 50%, higher discounts should have held up. The terms of the loan negotiated strike me as over the top, but with less than 50% ownership, the Trust would not be in a position to force distributions. The deficiency was over $58,000,000 which seems like it would have given the next generation quite an incentive to hang in for a little longer.
IRS Encourages CPA To Take Up New Trade
In a Final Agency Decision, the Administrative Judge (ALJ) disbarred Tiongson on March 1. The ALJ found that Tiongson’s advice to clients to use Form 2555 to treat California earned income as foreign source income on at least fifty-two tax returns, constituted disreputable conduct under Circular 230, and his failure to research the legitimacy of the filing position specifically violated the Circular’s due diligence standards.
The First Angry Tax Blogger
It dawned on me that we tax bloggers cultivate personas. Even if what we say about ourselves is strictly true, the process of selection makes each of us a self created literary character. But has this new literary form created a full blown character equivalent to fictional doctors like Sam Abelman ? It has.
April 15 What To Do If You Don’t Have The Dough
A joint return creates joint and several liability, which means that they can collect the entire balance due from either spouse. If you are not paying your balance due timely, you are entering into a different world where the amount of the tax may turn out to be of merely academic interest. Collections is all about ability to pay.
Keeping The 99% Out Is Not Promoting Social Welfare
Actually there are lots of these gated communities and I can see the attraction that they have. You can also mount a social criticism that as people create enclaves of security with private recreational facilities the infrastructure for the 99% might be left to crumble. Regardless of the merits of gated communities apparently the Service does not believe that keeping people out of your space is a community service:
Megachurch Denied Property Tax Exemption For Gym And Bookstore/Cafe
The purpose of the State’s taxation laws clearly are not to interfere with or suppress religious practice. Neither the tax laws or the statutorily defined exemptions discriminate against any particular religion or prohibit or impede any particular practice. They are neutrally applied without regard for religious doctrine or belief. They do not compel CCP to violate or abandon any particular belief, or prevent CCP from any practice.
GLAD Alerts Same Sex Couples To Act Quickly To Preserve Refund Rights
Fortunately, GLAD (Gay and Lesbian Advocates and Defenders) has provided some material to make the process a little easier. Pay particular attention to the link to “Tax Time and Preserving Your Federal Rights”.