Most Recent Posts
Top Crime Writer Cannot Avoid SE Tax On Book Royalties
Karin Slaughter is a very successful writer of crime thrillers. Between her Grant County series and Will Trent series and some stand alone works she has twenty one novels, starting with Blindsighted in 2001. According to her website people have bought over 35 million copies of her books which have been published in 120 countries.
Kent Hovind’s Me Too Moment
When it comes to real estate California is different from Alabama. Cindi was going to buy multiple properties to replace the income from the California property. She already had $700 per month and needed another $1,300 per month. Why not put an additional $133,000 into the ministry in exchange for an annuity of $1,300 per month?
A Look At The Opinion On Releasing Trump Tax Returns
I really hope that they don’t decide to make a substantial batch of complete Trump returns public. Based on what I think I know about the way the Trump Organization is structured – hundreds of disregarded entities – the returns likely run into thousands of pages. I would then have to choose between going through them or feeling bad about myself.
When A Relative’s Wages Become Ineligible For The ERC
It may be simple to understand who is a relative of a greater-than-50% owner, but it is often complex to determine who are greater-than-50% owners themselves. Advisers should gather information on all related entities and related individuals to make a full analysis of ownership attribution. Ultimately, a relative of any owner can be at risk ERC wage disqualification.
When Owner Wages Become Ineligible For The ERC
Family attribution of ownership produces unfavorable results by generally disqualifying more wages for the purposes of the ERC. Advisers and taxpayers should take a close look at these rules before claiming the recently expanded benefits of ERC.
TOT Property Holdings Highlights Fundamental Flaw In Conservation Syndications
As I have noted elsewhere SCE is an industry based on nonsense. Investors buy into a partnership that has recently acquired a property. They then vote to donate an easement on the property to a land trust. The declared value of the easement is a multiple of the price paid for the entire property.
CPAs Should Steer Clear Of Syndicated Conservation Easements
There are twelve investment vehicles mentioned in the indictment. They have names like Inland Capital Investment Fund 2014, Coastal Property Holdings and Eastern Sierra Holdings 2018. Easements on 8,236 acres yielded charitable contributions of $956 million. That works out to $116,076 per acre. Assuming a 37% rate the tax subsidy for the easements would be just shy of 43,000 per acre if the deductions held up.
Kent Hovind Half Billion Dollar Lawsuit Dies With A Whimper
Paul Hansen’s theory that he based the case on is that the jurisdiction of the federal government is extremely narrow. As far as I can tell the idea is that since the Constitution gives the federal government exclusive jurisdiction over what would become the District of Columbia and land where there are forts, magazines, arsenals, dockyards and other needful buildings, it has no jurisdiction anywhere else except by contract
Todays Dollars 2021
This table gives you a today's dollar multiplier rounded to the nearest dollar from the Inflation calculator You will note that the year range varies significantly as...
Low Income Housing Tax Credit Enriching Private Interests At Expense Of Common Good
The trend of limited partner investors attempting to thwart the ability of nonprofit general partners from exercising their statutorily defined rights of first refusal in low-income housing tax credit (LIHTC) deals is extremely troubling. Such efforts are regularly contrary to law yet costly for nonprofits to litigate, frustrate congressional intent, violate long-held norms and expectations in the industry, and threaten to jeopardize the ongoing affordability of our already scarce federally-assisted housing stock. Nevertheless, investors see an opportunity for windfall profits and are pouncing