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Most Recent Posts

Lessons From Gene Bicknell’s Victory Over Kansas In Domicile Dispute

Lessons From Gene Bicknell’s Victory Over Kansas In Domicile Dispute

It turned out that the questionnaire had been handled by a senior wealth advisor who had a team reconstruct the days from information they had available.  Gene was able to establish that he had not really paid any attention to it and had his assistant sign it.  At trial Gene testified that he didn’t average more than 30 days per year in Kansas in 2005 and 2006.  Friends, family and colleagues corroborated this claim.

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Supreme Court Boechler Decision Cuts Some Slack In Tax Court Deadline

Now they can petition late, play the equivalent hearing game, and when the game is up, ask for equitable tolling. Or even better, file late and then decide which card to play. Judge Albert G (“Scholar Al”) Lauber can expect a bushel basketful of cases from rounders, defiers, protesters, wits, wags, and wiseacres, all playing the Boechler gambit, with variations.

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Review Of “Only The Rich Can Play” By David Wessel

Review Of “Only The Rich Can Play” By David Wessel

OZ has a really fascinating origin story which Mr. Wessel tells in a very engaging manner.  He introduces Sean Parker, who is now my favorite billionaire after Warren Buffett.  We get Parker’s life story from precocious coder who was tracked down by the FBI for his hacking when he was sixteen to founding Napster and on to an early role in Facebook which is apparently the source of his fortune.

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Low Income Housing Tax Credit Year 15 Roundup

On the NFP side, there is an expectation that through the exercise of a right of first refusal the not for profit sponsor will achieve ownership of the property to insure its long term affordability. Investors, often referred to as aggregators, strive to get a serious payout or retain ownership after Year 15.

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Independent Economy Council Reports Many 1099 Workers Troubled By Tax Obligations

Independent Economy Council Reports Many 1099 Workers Troubled By Tax Obligations

If an independent worker is somebody who earns money from working without getting a W-2 you could conceivably include partners in all sorts of professional firms, Donald Trump, Stormy Daniels and me. I bring up Stormy Daniels, because I covered a story on Stormy protesting a California law that might make it harder to classify, you know, entertainers as independent contractors when they worked in certain sorts of venues.

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Watch That Last Minute Joint Return For Final Year Of Marriage

Watch That Last Minute Joint Return For Final Year Of Marriage

We really need to remember that when we are preparing a joint return that we have two clients.  Particularly when it comes to the final joint return, we need to recognize that their interests might not be aligned.  Make sure that both parties are aware of the implications of joint and several liability.  And that joint filing is an election – not a marital vow.

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Filing Separately For 2021 Tax Savings Who Is Missing Out?

Filing Separately For 2021 Tax Savings Who Is Missing Out?

My impression is that the people who are onto this this are small but not micro local firms who serve moderately prosperous people for whom a couple of thousand dollars is pretty meaningful. Much as I want to be true to my school, I have to say you might have more luck with an Enrolled Agent than a CPA, although we have Mike Sylvester there making us shine.

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Worst And Best Book Movie Adaptations

Worst And Best Book Movie Adaptations

After reading The Good Shepherd, I really thought it would be impossible to translate to the screen, but they actually did quite a good job.  They change the romantic back story and cannot bring out a lot about Krause’s past, but the basic elements of the problems that he faces in command and his essential character come across very will.  I really see why Tom Hanks wanted to do this film so much.

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