Most Recent Posts
IRS Accounting Method Change Prevents Escape by Statute of Limitations
Originally Published on forbes.com on November 7th, 2011 ______________________________________ The Fifth Circuit has upheld the Tax Court in their decision last fall...
Kentucky Court Rules Expedia Not Required to Remit All the Room Taxes it Collects
Originally Published on forbes.com on November 6th, 2011 ______________________________________ Many localities tax hotel room occupancy and admissions to entertainment...
Sprint Uses Partnership Structure to Dodge Louisiana Corporate Tax
The Department does not appear to dispute any of these facts. Instead, the Department contends that the companies are subject to the franchise tax based on the actions of other entities. The Department emphasizes the fact that the companies are wholly-owned subsidiaries of Sprint Corporation and that the companies, along with US Telecom, Sprint Communications LP’s general partner, acted in unison and with a common purpose, controlled by their common parent.
Seventy Major Employers Line Up Against DOMA
Originally Published on forbes.com on November 4th, 2011 ______________________________________ Seventy employers, including giants such as Microsoft and Starbucks,...
Can You Play the Lottery as a Business?
Originally Published on forbes.com on November 3rd, 2011 ______________________________________ Gambling losses are only deductible to the extent of gambling winnings...
When Will the Education Bubble Explode?
At this present time, I don’t see the education bubble popping. But the education bubble could pop quickly because two of the major factors – the current and future attitudes – tend to change faster than many economists know (consider how quickly Americans changed their spending behavior after the last recession). Or the education bubble could pop in the sense that there’s a liberal art explosion – students finally realizing that math-related fields trump art-related fields. Either way, I do agree with both Mish and Thiel on one thing: the amount of student loan balances that we see are unsustainable and something will eventually happen.
Capital One Not Putting Refund on $400,000,000 into its Wallet
Originally Published on forbes.com on November 2nd, 2011 ______________________________________ A sure way to put someone to sleep is to explain double declining...
Student Borrowers Need Help To Understand Repayment Rights
Originally Published on forbes.com on October 28th,2011 ______________________________________ This guest post is by Paul Combe, president and CEO of American Student...
Student Loan Borrowers Need Help to Understand Repayment Rights
Supporters of the forgive student debt movement say their real goal is just to start a national conversation about student loan reform. A noble goal, but such a sharp focus on this unlikely remedy runs the risk of stopping the conversation before it starts. Going for all the marbles could cause a public sentiment backlash against student loan debtors, pitting Baby Boomers and Generation X against Millennials, or those who pursue a college degree against those who follow a different life path. In the battle to win the public’s hearts and minds in the student loan debate, start the rally around the borrowers’ rights that everyone can agree on.
Richard Egan Estate Subject to 40% Penalty on Doomed Shelter
Originally Published on forbes.com on October 28th, 2011 ______________________________________ I thought I was done with Fidelity International Currency Advisors back...