Most Recent Posts
Seventh Circuit Surprised To See Accounting Firm “Screw Up Its Taxes”
"That an accounting firm should so screw up its taxes is the most remarkable feature of the case. " Yikes. I used to write things like that before I got on a classy...
Kim Kardashian And Kris Humphries – Is There A Tax Angle ?
Julian Block, author of Tax Tips For Marriage and Divorce has provided me with a few brief tips, which I will be posting over the next week. I reviewed his book last...
Student Loan Crisis – New York Times Catching Up With My Guest Posters
There is one way in which economists might be right – if wages began to soar. Like the housing bubble, Americans felt the mess because the decline in housing prices meant that debt was owed on something that had little value. If education continues to rise, while wages stagnate or slowly rise, a college degree will be like a home, which has lost its value. If wages soar, however, a college degree will still mean the path to prosperity.
Connecticut Wants To Be Sure Elementary Students Learn To Pay Sales Tax On Books
I know states have a legitimate need for revenue, but squeezing pennies out of little kids buying their first books is really taking it too far. That's what the...
IRS Attorney Advises Agents Not To Be Intimidated By No Trespassing Signs
The IRS has a fairly ferocious reputation in some circles. Personally, I think the Service's ferocity is somewhat exaggerated. Consider, for example, PMTA 2012-003 . If...
Wandering Tax Pro On The Tax Aspects Of Divorce
We had about the softest winter I have ever experienced in New England this year, but it is till nice to look around and see the signs of Spring. If you follow tax...
Family Limited Partnership Needs To Have Partners – Plural
Originally published on Forbes.com on May 9th, 2012 Estate of Lois L. Lockett, et al. v. Commissioner, TC Memo 2012-123 One of the most fundamental principles of...
President Obama Being For Marriage Equality Does Not Make Marriage An Unqualified Good Deal
Originally published on forbes.com. President Obama has come out in favor of marriage equality, which seems to be generating quite a bit of excitement. As far as I can...
Donating TriBeCa Facade Easement Is Like Renouncing Your Super Powers
If the Cobblestone owners tried to mess with their building facade, there would be plenty of people in the neighborhood who would rat them out to the Landmark Preservations Commission for free. They don’t need people flying up from Washington to do it.
The case has almost exactly the same facts as 1982 East LLC which was another Manhattan historic facade donated to NAT that had no value due to already existing restrictions. Somewhat more entertaining were Boltar LLC where the appraiser came up with a hypothetical development that would not fit on the property and Esgar Corporation which involved a fantasy gravel mine.
Divorce Lawyers – Frequently Not The Best Tax Advisors
Originally published on Forbes.com on May 6th, 2012 You can get bad tax advice or no tax advice in just about any area of life, but from my reading of tax cases and...