Most Recent Posts
Must Earl Grey Collect Sales Tax From Captain Picard?
Every once a while you get a glimpse of the future in a relatively obscure tax pronouncement. This New York Counsel Advisory Opinion is a good example. What is the...
Track Star Ryan Bailey’s Coach Beats IRS In Tax Court
This is probably the key thing that differentiates winners from losers in hobby loss cases. Mr. Parks did not just seek expert advice about helping people to run faster. He sought expert advice about how to make money helping people to run faster.
Major Estate Tax Change Looming – Don’t Be A Last Minute Louie
The case for making a large gift in 2012 to use up the unified credit against gift and estate taxes is compelling for people who can afford it. Right now, taxable...
Nude Dancing As An Art Form? Not Funny When You Think About It
Originally published on Forbes.com Oct 24th, 2012 Strip joint decisions. There is nothing better calculated to bring out the inherent maturity in tax and accounting...
Same Sex Couples – Registered Domestic Partners – Community Property – What A Mucking Fess
Originally published on Forbes.com Oct 23rd, 2012 IRS just issued two FAQs, one for same sex married couples and the other for registered domestic partners (RDPs) in...
Debate Proceeds Despite Green Party Lawsuit – Hear Jill Stein On Defense Here
Originally published on Forbes.com Oct 22nd, 2012 Well at least my favorite candidate is not handcuffed to a chair for tonight's debate. Tonight's debate is proceeding...
George McGovern Passes On – Where Were You In 1972 ?
George McGovern died this morning. I hope one of my favorite commenters, russpoter, will forgive me for straying from the tax reservation to reminisce,...
Beware Of Partnership Status Sneaking Up On Your Business Venture
William Holdner and his son, Randall, had a fairly substantial agricultural operation. They chose to report their arrangement as separate businesses. All income and...
Second Circuit Declares Section 3 Of DOMA Unconstitutional
When Clara Spyer died she left an inheritance for her spouse, Edith Windsor. The estate tax has an unlimited marital deduction. Nonetheless there was $363,053 in...
Eliminating Tax Expenditures To Cut Rates – Early Results Are Underwhelming
The Tax Reform Act of 1986 was a massive reboot of the income tax system. The major theme was to broaden the base and lower the rates. The rate lowering was...