Most Recent Posts
Fourth Class Action Suit Against Syndicated Conservation Easement Promoters
The whole SCE industry is based on a theory that I find preposterous, but I believe many people seriously embrace. The theory is that when property is being valued for conservation easement purposes, due to the perpetuity, the valuation is somehow dethatched from the current market for similar property. The emphasis on highest and best use ends up being fantastical. The market for undeveloped land is imperfect, but it is not filled with stupid people.
Conservation Appraisers Strike Back At IRS With Class Action Suit
The complaint was filed in the US District Court for the Northern District of Georgia. The most mysterious defendant is the IRS employee known as “Campaign Executive Champion” (CEC) of the “Conservation Tax Force” (CTF). If those named IRS agents are like the Avengers, then CEC is Nick Fury.
Injunction Against Syndicated Conservation Easement Consultant
In particular I would guess there was some uncertainty on the investigators’ part that they could convince a jury that Zak had “willfulness,” as defined for criminal tax cases by the Supreme Court in the Cheek case,
Bachelor Clues Tax Observations On Crypto Not To Be Relied On
Because transactions in cryptocurrencies can be difficult to trace and have an inherently pseudo-anonymous aspect, taxpayers may be using them to hide taxable income from the IRS. BC says he knows how the cryptocurrency world works. That is where the problematic tax observations came up.
Estimated Tax Payments – Don’t Sweat The Small Stuff
There’s a large contingent of wealthy individuals in this country who do not make their estimated payments,” Rettig told Rep. Brad Schneider, D-Ill.
These wealthy individuals take the money that should be “paid in estimated payment on a quarterly basis to the government and take the arbitrage and they invest it,” Rettig said. “We’re not going to give them a break of interest and penalties to do so.”
Form That Will Make Or Break Rebate Credits For Noncustodial Parents
Careful timing of return filing and mixing and matching dependency exemptions will present many divorced or never married co-parents with opportunity to pick up thousands of dollars.
TurboTax – H&R Block Software Smackdown
I bought both TurboTax and H&R Block and did my taxes on each. Both had software bugs that caused the taxes owed to be too high. Turbotax phone support had very short hold times and intelligent people on the other end, who acknowledged the bugs were real
Third Win For Investors Versus Not For Profit Sponsors Of Low Income Housing Tax Credit Projects
Congress contemplated that tax benefits such as the credit and depreciation would be available to taxpayers investing in low-income housing, even though such an investment would not otherwise provide a potential for economic return.
Cooling Breeze For The Tax Season From Hell – IRS Does Not Want Amended Returns Right Away
And then there is the really nice thing that favorably affected a lot of people, the Rescue Plan indicated that up to $10,200 of unemployment insurance could be tax-free in 2020. There is this unusual cliff effect.
With Large Charitable Contributions Aim For More Than Substantial Compliance
We can use this opinion to illustrate three of Reilly’s Laws of Tax Planning – The Fourth – Execution isn’t everything but it’s a lot – ,The Seventh – Read the instructions -, and The Sixteenth – Being right without substantiation can be as bad as being wrong. You can quibble about the 16th, since there was a good bit of substantiation. It was just not quite what was required.