Most Recent Posts
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...
Tax Court Denies Late Petition Sent FedEx Express Saver
Marcius and Andrea Scaggs will not be contesting their deficiency notice in Tax Court. They lost their right to appeal to Tax Court by economizing on their...
Are Divorce Attorneys Trying To Whipsaw IRS ?
Broadly speaking there are three types of payments connected to divorce. They are property settlements, child support and alimony. The first two do not create taxable...
Sale Of Hartford Property For Delinquent Real Estate Taxes Whets Appetite For Rest Of The Story
Some tax matters are pretty simple. For example, if you don't pay real estate taxes on property you own, sooner or later you will lose the property. Also, real estate...
September 17 Remember America’s Bloodiest Day
Originally published on Forbes.com on September 10th, 2012 What could motivate as hard-core a tax geek as me to to take the day off on a major due date for the first...
Larry The Cable Guy Needs To Turn In Receipts
Unreimbursed expenses you have to incur as an employee are deductible, but only kind of. They are miscellaneous itemized deductions subject to the 2% floor. You...
Phil Driscoll To Supreme Court – Enough Not Enough
I really promise to not turn my blog into "All Parsonage Exclusion All The Time", but there is one more development in August that has not received much attention. Phil...
In Defense Of Special Tax Treatment For Clergy
Ministers are allowed to exclude the portion of their compensation designated as a housing allowance from their taxable income. Quite a few people question the...
Pitney Bowes Passes Go From Boardwalk But Lands On Income Tax
Originally published on Forbes.com on September 6th, 2012 When playing Monopoly it was great to land on Boardwalk, as long as somebody else did not already own it. ...