Most Recent Posts
Selling Soap as a Hobby – Amway IBO’s in Tax Court
Now I am subject to the AICPA Statements of Standards on Tax Practice, which among other things forbids me from giving clients advice based on what I believe the audit selection process of a taxing authority is. I wouldn’t do it anyway, because I think most people who give that type of advice are guessing. Even if you happen to be one of my clients, I’m speaking to you purely as a reader here when I give you this advice:
You don’t tug on Superman’s cape
You don’t spit into the wind
You don’t pull the mask off that old Lone Ranger
And you don’t take no Schedule C losses from an arrangement with a company that IRS examiners have on speed-dial.
Ignore Those Bad Idea Bears-IRA Not a Good Bridge Loan Source
Originally published on Passive Activities and Other Oxymorons on June 15th, 2011. Private Letter Ruling 201118025 Private Letter Ruling 201116044 Private Letter Ruling...
From the Boston Tax Institute
Originally published on Passive Activities and Other Oxymorons on June 14th, 2011. ____________________________________________________________________________ Boston...
A Ruling on Fraud and Some Innocent Spouse Cases
Originally published on Passive Activities and Other Oxymorons on June 13th, 2011. ____________________________________________________________________________ Private...
No Lady Doctor Exception to Late File Penalty
Originally published on Passive Activities and Other Oxymorons on June 10th, 2011. ____________________________________________________________________________ Pamela...
Looks Like a Duck -Walks Like a Duck – Talks Like a Duck – Not a Duck
I have been sparing in my criticism of the IRS in this case. I have often commented on how ill-qualified I am to work for them. If I was in charge of the team that was working on this I would have said “This guy is a real minister. Let’s leave him alone and go fight crime someplace else.” ignoring the laundry list of duck-like characteristics that he was exhibiting. What would be very sad is if this case ends up being viewed as an instance of the Satanic IRS persecuting the godly. If you are of the mindset to look at it that way, I’d point you to ECFA who will teach you how to avoid even the appearance of impropriety.
Regards To Your Single Member LLC
Originally published on Passive Activities and Other Oxymorons on June 8th, 2011. ____________________________________________________________________________ CCA...
Wear That Badge of Fraud Boldly
Originally published on Passive Activities and Other Oxymorons on June 8th, 2011. ____________________________________________________________________________ The last...
From The Boston Tax Institute
Originally published on Passive Activities and Other Oxymorons on June 7th, 2011. ____________________________________________________________________________ Boston...
Lien Filing Threshold Raised
Originally published on Passive Activities and Other Oxymorons on June 6th, 2011. ____________________________________________________________________________ IRSIG...