Most Recent Posts
S To LLC As A Fiscal Cliff Acceleration Strategy ?
I hate to plan for "might be" tax changes. Nonetheless, the situation we find ourselves in now requires it. There is a decent chance that there will be game changing...
Joint Returns Need Warning Labels
Theresa Karam was denied innocent spouse status by the Tax Court and has lost on appeal to the Sixth Circuit. There is a very interesting twist to her case. Her...
IRS Position On Wandry Decision Makes 2012 Gifting More Difficult
The IRS has thrown a significant road block into planning for large 2012 gifts. Our transfer tax system , gift and estate taxes, is unified. There is a credit...
Carbon Tax Getting Serious Consideration As CBO Seeks To Address Regressiveness
Originally published on Forbes.com Nov 17th, 2012 I first learned about the concept of a carbon tax from the Green Party Platform. It was one of the things that...
Sixth Circuit Agrees That Cliff Claven Is Not A Thief
Originally published on Forbes.com Nov 14th, 2012 John Ratzenberger is best known as being an actor. I know that actors are not their roles, but it is easy to fall...
Penalty On Qualified Plan Withdrawal To Pay Alimony
It always bums me out when the Tax Court makes a decision that is clearly correct, but totally unfair. Charles Hartley was in front of a Tax Court judge, because the...
Hurricane Sandy Tax Relief – More Than Meets The Eye
You may have already seen that the IRS has issued an extension of time to file returns and pay taxes for people in certain areas affected by Hurricane Sandy. The...
Unfair Tax Court Decisions On Life Insurance Are Tip Of Unclaimed Property Iceberg
Companies like Mass Mutual are being “encouraged” by state treasurers to run the records of their insureds against the Social Security Death Master File. That’s an awful lot of trouble to go to. It is just so much simpler to keep going with the automatic policy loans until the policy burns itself out.
Evangelicals And Corporation Sole – Not A Marriage Made In Heaven
Given the numbers you would expect that most tax cases involving religion would involve Protestants. That is the case based on my unscientific sampling, but actually it is disproportionate. Protestants have more than their share of church tax cases.
Green Party Candidate Jill Stein Arrested Again
Amazingly we pulled it off. Doctor Stein indicated that her returns would be released shortly. Since then she has been arrested twice. I’m going to take the word of her campaign that they have just been too busy to get around to releasing the returns. It doesn’t seem like anybody else is asking.