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Most Recent Posts

Where Convicted CPA May Have Gone Wrong

Where Convicted CPA May Have Gone Wrong

Back to 2012, when Berger’s staff raised the issue.  At that point, the only thing that was clear was that Berger’s firm in following the management company’s numbers might have adopted an incorrect accounting method in 2007 or 2008, when the extra money started coming out of the fund.  The dollars had gotten pretty big, so you really should not try to unscramble that egg on your own.

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Conservation Syndicator EcoVest Responds To Injunction Threat

Evaluating conservation deals with high multiples as reasonable tax expenditures, they really come up kind of short.  The government could actually buy the land for less than the tax expenditure.  Tax incentives should really encourage people to do things, not do it for them and give them a bonus.

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What Should Investors In Conservation Syndications Do When DOJ Seeks Injunction?

Terry should ask for the $20,000 back from EcoVest and consider supplementing the fourth-quarter estimate, although that probably won’t make much difference.

I spoke with EcoVest investor relations and they made it clear that they won’t just cut a check.  Their point of view is that DOJ has arbitrarily struck demanding that five hard-working people, who are connected to EcoVest one way or another, are being asked to take up different work.  Due to the government shutdown, they have not been able to respond.

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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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