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

Most Recent Posts

On Tax Writing Rabbit Holes

On Tax Writing Rabbit Holes

I had really cut back not even including a reference to the fact that the 69th was the First Regiment of the Irish Brigade during the Late Unpleasantness which produced another famous chaplain – Father William Corby (He was with the 88th New York).  Father Corby would become president of Notre Dame.  Father Stephen Duncan who reenacts Father Corby told me that the “Fighting Irish” nickname of Notre Dame comes from Father Corby’s service to the Brigade.

read more
MR. REILLY’S CONUNDRUM

MR. REILLY’S CONUNDRUM

That opinion” is, of course, the hallowed Cohan v. Com’r, 11 B.T.A. 743 (1928), re’d in part 39 F. 2d 540 (2 Cir, 1930).. George M., theatrical legend whose graven image overlooks the cut-rate ticket outlet at 48th & Broadway on this Minor Outlying Island off the Coast of North America, starred in this epic.

read more
Republican Donor Lane Grigsby Must Repay $576,756 Research Credit Refund

Republican Donor Lane Grigsby Must Repay $576,756 Research Credit Refund

In my view the biggest hazard in public accounting is envy.  Unless you have an odd specialty in order to prosper you must work for and associate with people who are much wealthier than you have any hope of ever becoming.

What inflames the envy is something referred to as the “tyrrany of the billable hour”.  In order to make a living you have to do some work or pay somebody else a reasonable wage to do some work.  One of the escapes from the tyraany is “value billing”.  Research credit consulting is one of those things that can be value billed.  Rather than charge based on how much work you do, you charge a percentage of the tax savings.

read more
Poor Return Preparation Voids Deduction For African Art

Poor Return Preparation Voids Deduction For African Art

“Malian cultural heritage has for several decades, undergone a massive transfer toward Europe and the United States. Analyzing the phenomenon in its universality, it seems very clearly to be the translation of an unequal relation between poor (weak) and wealthy (powerful) nations. The cultural assets of poor nations are being exported to rich nations. Examples to the contrary do not exist”.

read more
Mississippi Supreme Court Rules No Sales Tax On Wedding Digital Photo Packages

Mississippi Supreme Court Rules No Sales Tax On Wedding Digital Photo Packages

And the undisputed facts show EKB’s customers did not receive Burton’s photographs in tangible form—they did not receive printed photographs, negatives, or film. Instead, they receive purely digital images. The tangible drive or disk is incidental to the nontaxable photography service being provided, much like the paper on which a lawyer prints a will, which is not subject to sales tax. 

read more
Fake News In The Tax Arena

Fake News In The Tax Arena

The authors were surprised by the number of stories that dealt with tax-exempt status. Although some of it is accounted for by the “IRS Scandal” that I call Teapartygate, they noted there was more.  Finally there is what they call “old chestnuts” including tax protester theories which now spread on social media..

read more
Opportunity Zone Ponzi Promoter Sentenced To Four Years

Opportunity Zone Ponzi Promoter Sentenced To Four Years

It is over in the eyes of the law, Joshua Burrell pled guilty to a small subsection of the charges filed against him and is now going to prison due to his own actions. To me, a victim, I have relied on the filings with the court on this case to outline the story. I have learned of a capable and well loved Man who overcame substantial early family trauma and addiction to become a local legend. Only to throw away his achievements and talents due to a toxic combination of delusion and greed.

read more

National Republican Senatorial Committee Calls Clergy Housing Benefit A Tax Dodge

This is not a case of someone stretching the law or finding a questionable loophole.  Chastising Warnock for receiving a tax-free parsonage allowance would be equivalent to criticizing him for buying tax-exempt bonds or paying capital gains rates on his capital gains.  It is not hypocrisy to advocate for higher taxes while taking full advantage of the existing provisions in the code. 

read more

New York AG Report – Lots Of Lies – Not A Lot Of Federal Tax Avoidance

The “before” value creates most of the controversy. There is a mini-industry of syndicated conservation easements that is based on fantasy valuations. I have written a lot about the issue.  When you overstate the “before” value of a property, you can end up understating your tax liability by inflating your charitable deductions.  That is the income tax issue in the complaint.

read more