Most Recent Posts
Fifth Circuit Upholds Keller Decision – Shows Power Of The Family Limited Partnership
The Keller (Keller is the executor of the estate of Maude Williams) case is back. I have been following it since the earliest days of my tax blogging. It is a really...
State Residence For Income Tax – Pay Attention To The Basics
In a state residence case, a couple of the basics are drivers license and voter registration. It reminds me a little of what one of my early mentors, Paul Deprisco, of...
Dependency Exemptions – Divorce Court Orders Not Binding On Tax Court
Orders signed by probate court judges don't cut a lot of ice with tax court judges. That is what Dylan Moody learned in a memorandum decision last week. He was...
Romney Accountant’s Letter – Exercise In Obfuscation ?
The Romney campaign did not just dump the Romney 2011 final 1040 on us Friday, providing us with hundreds of pages of mosty pointless disclosure forms. They also gave...
Mitt Romney Passing On Nearly Two Million In Charity – Stupidest Thing I Ever Heard
I have gone through the final version of Mitt Romney's 2011 federal tax return. It came out at 3:00 PM yesterday. It was very considerate of the campaign to release it...
Private Residence Club Does Not Trigger “New York Rule” On Resident Status
Originally published on Forbes.com on September 21st, 2012 A ruling by the New York Department of Taxation should give a huge boost to private residence clubs in...
Romney Ryan On Student Loans – Crony Capitalism ?
Originally published on Forbes.com on September 20th, 2012 Alan Collinge is the founder of StudentLoanJustice.Org and author of The Student Loan Scam: The Most...
Mitt Romney And The 47% All A Matter Of Context
Everybody is picking on Mitt again. It is just like when he went on extension. I feel obligated to stick up for him. In case you haven't read about it in 47 other...
1099s From Insurance Companies – Don’t Ignore But Don’t Take At Face Value Either
Life insurance is an income tax advantaged investment. The build-up in value of a whole life policy is not subject to current taxation. Proceeds paid as the result of...
Pennsylvania Supreme Court Finds H&R Block Customers Not Necessarily Gullible
The Pennsylvania Supreme Court decision last week in Basile v H&R Block, Inc. may be the end of the line for a class action suit that has been bouncing around for...