Most Recent Posts
Southern Baptist Minister Defends Clergy Tax Benefit
As a Southern Baptist pastor, I have benefited from the ministerial housing allowance and am fond of this particular expression of our tax policy. I have also been disgusted at the use of the housing allowance by a few highly paid clergy to shelter huge sums of income on fabulous primary homes and even second homes, though I understand that the latter has been suspended by a recent court decision.
Same Sex Couples Need to Act Soon to Preserve Possible Refund Rights
Originally Published on forbes.com on February 19th, 2012 ______________________________________ Same sex couples who were married as of December 31, 2008 need to act...
IRS Veteran Carries Fight Against Clergy Tax Abuse into Retirement
Originally Published on forbes.com on February 18th, 2012 ______________________________________ Testing The Constitutional Mettle of IRC 107! I have written a bit...
Fantasy Gravel Mining And Other Fun From the Tax Court
There is a really interesting discussion of what is involved in imagining a fantasy gravel mine – things like whether the power company will backhaul the gravel for you in its coal hoppers. The Tax Court valued the easements at less than 10% of the taxpayer’s valuation.
Court Stomps on Clergy Tax Abuse
Originally Published on forbes.com on February 15th, 2012 ______________________________________ Phil Driscoll is an ordained minister and quite a trumpet player. He...
If You Want to Rely on a Lease for Tax Purposes You Need to Follow It
Originally Published on forbes.com on February 14th, 2012 ______________________________________ Nobody is going to care about this case , but I have to write about it...
Pardon By President Ron Paul – Last Hope for the Browns ?
Originally Published on forbes.com on February 13th, 2012 ______________________________________ Ed and Elaine Brown recently received bad news from the First Circuit. ...
IRS Has To Play Ball With Mets on Darryl Strawberry’s Money
Originally Published on forbes.com on February 10th, 2012 ______________________________________ According to the Baseball Almanac, Darryl Strawberry in his seventeen...
Be Prepared to Prove the Time You Spend on Losing Side Activities
Originally Published on forbes.com on February 5th, 2012 ______________________________________ If you have a lucrative day job and lose money on a different business...
A Bar Called Murphs – New Jersey Politics – Understated Income – Shocking Combination
Originally Published on forbes.com on February 4th, 2012 ______________________________________ There are some cases I just cannot resist. ANTHONY MURPHY, INC. t/a...