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If You Need Free In Depth Tax Advice Then I’m A Stripper Not An Accountant
This is original YTMP material by Peter J. Reilly. A friend of mine who is on the young side for a Millennial, but whose job keeps them in touch with Gen Z has alerted...
Kent Hovind Spreads Lie About Dominion To Support His Pardon Claim
Kent continues asking President Trump to grant a pardon before he leaves – “He may not be leaving”. That leads right into a discussion of Dominion Voting “changing the way people vote”. For what it is worth the Dominion logo Hovind shows is not what is on Dominion’s site. Hovind shows a logo of a red ballot going in and a blue ballot going out.
Accountants Plead Guilty On $1.2 Billion In Bad Charitable Deductions
In an interesting note Commissioner Rettig, US Attorney Murray and Deputy Assistant AG Zuckerman thanked special agents of both IRS-Criminal Investigation and US Postal Inspection Service. Many years ago an old timer told me that it was actually Postal Inspectors on loan who got Al Capone. There is something to the story.
Roots Of The 250% Solution To Charitable Easement Tax Abuse
The 2.5 limit knocks out the most egregious abuse, but it still strikes me as overly generous. If I was going to put in a limit it would probably be 90% on a three year hold and gradually rise. Remember the deduction is for an easement on the property. And unless you drink the Kool-Aid mixed by Partnership For Conservation (P4C), as easement can’t be worth more than the property itself.
Oakbrook Land Holdings A Major 2020 Tax Court Decision
The conservation deed was problematic for two reasons. It took the value of any subsequent improvements off the top of any extinguishment proceeds and it gave the donee the fixed amount determined at the time of donation.
IRS At Supreme Court Over Captive Insurance
“Turn their risks into wealth” ?? If the wheels that spin straw into gold are not working, you have to do the best you can.
I spoke with a tax executive for a major life insurance company. Promoters had been trying to get the company’s sales force to recommend captive insurance deals. When he examined them he concluded that there was not actually much in the way of insurance going on. It looked more like alchemy.
Bob Dylan’s Debt To Nashville – It’s About Taxes
Dylan’s reach was really amazing. Sister Kathleen Reilly, who was a year younger than Dylan, told me that when the older nuns at the Pallotine motherhouse in Harriman, NY were upset about various things that were different from the good old days of habit wearing, the younger nuns would break into a chorus of The Times They Are A Changin’.
Vacation Home Conversion, Debt Discharge And Partnership Issues All In One Tax Court Case
When you borrow money secured by property whether the debt is recourse or nonrecourse can have tremendous tax significance. From an economic viewpoint, you want the debt to be nonrecourse. The idea is that if you can’t pay, you hand the bank keys and you are done. Sometimes though you can get that deal with recourse debt. It is called a “short sale”, which has a different meaning in real estate than it does on Wall Street.
Law Professor Argues Opportunity Zone Program Is Harmful
It seems though that the impetus to tinker with the Code to achieve goals other than raising the right amount of revenue with the least collateral damage is irresistible. Tax expenditures have a way of seeming like a free lunch. So when a young billionaire reflects on how to make the world a better place by directing capital to areas that need it, why not add another section to the Internal Revenue Code? If it works society will have gotten quite a bang for his activist bucks.
Kent Hovind’s Hail Mary Pardon Pass
As I write this Kent’s vote fraud video is at 5,500 views. There are a lot of ifs, but if it takes off and gets some love from people actually connected with Trump, who knows? President Trump has been complaining about how mean the IRS has been to him, why not do something for Doctor Hovind?