Most Recent Posts
Obama vs Hedge Funds – Is it a Real Fight or Professional Wrestling ?
Originally Published on forbes.com on September 1st, 2011 ______________________________________ President Obama jumps into the ring with a chair – a proposed Code...
Hurricane Irene Extends Some Deadlines – 1.5 Cheers from Tax Preparers
Originally Published on forbes.com on September 1st, 2011 ______________________________________ An IRS new release (IR-2011-87) announces that various deadline...
Whatcha Gonna Do When They Come for You? IRS CI Stepping Up its Act
Originally published on Forbes.com One of my persistent comments is that there are two distinct areas of tax practice – determination of the correct tax and...
Aggravation for Expatriate – Can Moving From Japan to New York Make You a Rhode Island Resident?
Originally Published on forbes.com on August 27th, 2011 ______________________________________ One of the most difficult things to grasp in state taxation is the...
Open Letter to Warren Buffett from a Prison Rape Survivor and Another Century
Originally Published on forbes.com on August 25th, 2011 ______________________________________ I asked my friend Tom Cahill to comment on the current discussion...
Did Warren Buffett Leave $675,000 of Tax Savings on the Table ?
This piece is really about tax planning, not Warren Buffett. When you have very charitable clients, you sometimes get odd results like this. Run the numbers. Don’t do them in your head. Test your assumptions. It’s not just charitable clients it’s anybody whose return has more than a couple of moving parts. Another planning principle is not letting the tail wag the dog. There may be compelling non-tax reasons for Mr. Buffett to be making, apparently only gifts of appreciated property rather than a combination of appreciated property and cash. Those reasons might be beyond my understanding. I had that skeletal return though. I just had to try. It’s how I was trained.
How Double Taxed Are Investors ?
Originally Published on forbes.com on August 24th, 2011 ______________________________________ The current debate raging on the Forbes Platform sparked by a certain...
Preparer Registration Wastes Time and Money – Guest Post by Joe Kristan
Originally Published on forbes.com on August 24th, 2011 ______________________________________ Joe Kristan writes the Tax Update Blog for Roth and Company PC. Joe is,...
Wall Street Journal Catches Up With Me on Clergy Tax Abuse
Originally Published on forbes.com on August 23rd, 2011 ______________________________________ Laura Saunders has a great piece in the Wall Street Journal about Phil...
Could President Obama End Carried Interests Without Congress ?
Originally Published on forbes.com on August 23rd, 2011 ______________________________________ Much of the debate about the favorable tax treatment of hedge fund...