Most Recent Posts
Build Reuse Chairman Mike Gable Responds To Mann Decision
Finally a “complete inventory” encompasses the building components the nonprofit receives at its physical location or takes possession of and not what it may have inventoried before deconstruction or stated an intention to accept as a donation. The “complete inventory” is material to which the appraiser assigns the value that will be used by the donor on her/his taxes.
GameStop Triggers My Wall Street Memories
Uncle Mike decided to consult with his Wall Street neighbor, my old man, about investing in stocks. The old man told the much older man to pay off his mortgage. As the story goes Uncle Mike was grateful for his advice.
IRS Collections Appears To Be Broken
At the end of the 2019 Fiscal Year there 74,369 people working for the IRS. That compares to 94,711 in 2010. In 1995 there were 113,643. That is why liens and levies are down and waiting out the ten year statute is now a viable strategy.
Congressional Democrats Want It Made Clear That Insurrection Is Not A Tax Exempt Activity
The guidance should clarify what specific actions and conduct are not permissible by a tax-exempt organization in support of an attack on the Capitol or any Federal or state persons or buildings.
National Housing Trust Responds To Housing Credit Right Of First Refusal Litigation
The National Housing Trust and our mission-driven partners intend to challenge “Aggregators” like Alden Torch, which seek windfall returns by demanding the payment of money from the general partner — either from its balance sheet or from the property’s reserves — or to insist the property be sold, stripping resources out of the property and the community. We will fight this battle with every tool available,
After The Low Income Housing Tax Credits Are Done, Investors Want More
By the end of the Compliance Period, the project owner will have collected all of the Tax Credits, and other tax benefits, and is clear of any risk of recapture, thereby providing the investor limited partner or member with full realization of the economic benefits it bargained for and expected when negotiating admission to the project owner.
New Class Action Suit Against Conservation Easement Promoters
The key is to have one or more principal actor defendants who have deep pockets and, at the end of the day, will be concerned that there is some litigation risk that the jury may put the actions on a continuum and decide the case relatively. Sure the taxpayer investors were greedy and should have smelled a rat, but we (the jury) are still going to punish the rat who is the worse actor.
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.