Most Recent Posts
Worker Classification Issue Can Be Worse Than Disallowed Deductions
Whether someone is an employee or an independent contractor is a question of facts and circumstances. Basically this case has almost nothing that leans in favor of independent contractor status. I am citing it more as a cautionary tale for people who think they are all set for an income tax audit and get blindsided from another direction. Many of the IRS audit manuals for different industries emphasize the employer independent contractor issue which can sometimes create a larger deficiency than simply disallowing deductions.
Easy To Trip Up On Alimony Deduction
Here comes another annoying alimony decision. This one has a real gotcha to it. James Chiavacci was paying $500 per month in alimony. After about 13 years of that he...
Zombies And The Estate Tax – Law Professor Questions How Dead Are The Undead ?
Zombie awareness is finally sinking in. Even tax attorneys are getting it. Professor Adam Chodorow is Chair of the Teaching Tax Committee of the ABA’s Tax...
I’ll Take A Scoop Of Broccoli But You Can’t Make Me
We do not consider whether the Act embodies sound policies. That judgment is entrusted to the Nation's elected leaders. We ask only whether Congress has the power under...
Tax Fraud – If You Are Not Going To Listen To Advice Better You Don’t Ask
Anthony and Harriet Jinwright were co-pastors of Greater Salem Church, a venerable institution in Charlotte, NC, that was founded by freed slaves in 1857 as...
Form 1040 As A Do-It-Yourself Forensic Tool In Divorce
Julian Block is back again. In this piece he explains how an individual tax return can be used to help uncover assets in a divorce. I have a bit of experience doing...
Julian Block On The Tax In The Health Care Act That Everybody Knew Was A Tax
Originally published on Forbes.com on June 28th, 2012 My friend Julian Block does not like to use the term Obamacare, but I find it pretty handy. The Act was...
Individual Mandate In Obamacare Is Constitutional- Penalty Is A Tax
According to Scotusblog the individual mandate has been upheld. It survives as a tax. The entire bill is upheld with some limitations on the federal government's...
Student Loan Crisis – Worth A Thousand Words
Bill Williams illustrates the student loan crisis.
Trying To Sell Bar To Undercover IRS Agents Gets Owner Free Federal Housing
Originally published on Forbes.com on June 26th, 2012 In my mind a tax plan that ends you up in any sort of court, even Tax Court, even if you win, is not that great a...