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Most Recent Posts

Stormy Daniels On Employment Law

Stormy Daniels On Employment Law

As Katie explained it to me there are two common types of deals between clubs and dancers.  The dancer can just be getting cash tips and paying a fee to the club ($100 or $200 per night possibly).  In that case, there will be no reporting.  Technically, if the club is not a corporation, the dancer should be giving the club a 1099, but I doubt that ever happens.

In the other model, fees are paid by the patron to the club, which splits with the dancer and sends her a 1099.

In either event, the dancer is going home with cash every night.  Whereas, now, according to Katie she is waiting two weeks for a paycheck.

Then there is the matter of deductible expenses.  They don’t even mention 199A, but that would be another advantage of IC status.

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On The Basis Of Sex: Watch The Other Lawyers

In his appeal to the Tax Court, Moritz wrote that if he had been a dutiful daughter he would have been allowed the deduction, but as a dutiful son, he was denied.  To be fair to the Tax Court, my blogging buddy Lew Taishoff who follows the Tax Court with an incredible intensity let me know that the Tax Court cannot overturn a statute on Constitutional grounds.  The mantra of the Tax Court is that it is a court of limited jurisdiction.  When it comes to the Code it follows Reilly’s First Law of Tax Planning – It is what it is.  Deal with it.

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The Trial And Tribulation Of A CPA Tax Partner

The Trial And Tribulation Of A CPA Tax Partner

And while the alarm bells are already sounding the CPA community, even Mr. Berger’s tax preparer peers are left without clear guidance on what to avoid besides crooked clients.  Perusing the public docket for lessons, Reilly, himself a long-time CPA writes that it is still not clear to him what the right tax answer was on the Burrill returns in the first instance.

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Stormy Daniels My Top Tax Story Of 2018 – Almost

I started reading Forbes in the eighties and always found it superior to any other business/investment magazine.  One of the things I would explain to young accounting staff is that clients will expect them to be well informed on business and investment issues and I always recommended a Forbes subscription as an aid in that process.  And I will match our tax team against the New York Times any day of the week.  It sometimes amazes me that I have found a place on this platform.  It amazes some readers too, but that is another story.

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“On The Basis Of Sex” – What To Read Before You Watch

I haven’t seen the movie yet, but I have read the decisions  (There was an appeal, which is where the Ginsburgs came in).  The decision is  Charles E. Moritz v. Commissioner of Internal Revenue, which was decided by Judge Norman O. Tietjens in 1970 in favor of the IRS. Mr. Moritz had represented himself – not surprisingly given the low stakes.  The decision was appealed to the Tenth Circuit where Mr. Moritz was represented by  Ruth Bader Ginsburg and Martin Ginsburg backed up by Melvin Wulf of the ACLU and  Weil, Gotshal & Manges.  The lead attorney for the United States was James Bozarth played by Jack Reynor.  Sam Waterston, who has played a lawyer on TV more than once, portrays Solicitor General Erwin Griswold.

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Pass-Through Deduction (199A) Will Fuel Wealth Inequality

This really smacks quite a bit of the situation in France that led up to their Revolution that came not long after ours was completed with quite a bit of help from France. In pre-Revolution France the aristocrats, the inheritors. were exempt from taxation.  And what did the Founders of our country have to say about that?  Well, maybe most of them who were busy with the Constitution didn’t have a lot to say about it, but two of them did.  Thomas Jefferson and Lafayette had a hand in writing the Declaration of the Rights of Man and of the Citizen which includes.

Article XIII – For the maintenance of the public force and for the expenditures of administration, a common contribution is indispensable; it must be equally distributed to all the citizens, according to their ability to pay.

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Crackdown On Conservation Easement Syndications

Crackdown On Conservation Easement Syndications

I got an off the record comment from a businessman who had recently been looking into investing in one of these deals (from a different promoter) and decided to pass.  He told me “There was not a single person who I spoke to who understood what they were who thought they should exist …” I have to say that before this announcement I would have told somebody who asked me about investing in one of those things, that I didn’t think they should work, but there is a good chance that they would.  At least for the moment, more seems to be right with the world.

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IRS And Marijuana – Reefer Madness – Tax Court Harborside Decision

Harborside was a C corporation owned by DeAngelo and his partner, but during the years under consideration, it had to operate on a non-profit basis.  In 2018, California law became more liberal allowing among other things Mr. Wykowski to become the first person to buy a non-medical gram legally in California and for Harborside to go public.  That’s now, but of course, the Tax Court decision was about then. To comply with the not for profit requirement, Harborside used any profits to provide additional services to the patients.

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