2gucci
12albion
Samuel Johnson 360x1000
7albion
Gilgamesh 360x1000
Betty Friedan 360x1000
11632
Thomas Piketty1 360x1000
lifeinmiddlemarch1
4albion
1gucci
Margaret Fuller3 360x1000
1lafayette
1albion
3albion
1defense
2paradise
2jesusandjohnwayne
6albion
6confidencegames
Richard Posner 360x1000
Margaret Fuller1 360x1000
Thomas Piketty2 360x1000
1theleasofus
George F Wil...360x1000
1lookingforthegoodwar
1falsewitness
2theleastofus
Lafayette and Jefferson 360x1000
3theleastofus
Storyparadox1
Mary Ann Evans 360x1000
Tad Friend 360x1000
1confidencegames
4confidencegames
2lafayette
Margaret Fuller2 360x1000
299
LillianFaderman
Office of Chief Counsel 360x1000
Susie King Taylor 360x1000
9albion
2albion
11albion
2confidencegames
Adam Gopnik 360x1000
2falsewitness
Susie King Taylor2 360x1000
1transcendentalist
Margaret Fuller5 360x1000
3paradise
399
2trap
2transadentilist
Edmund Burke 360x1000
3defense
5albion
storyparadox3
storyparadox2
George M Cohan and Lerarned Hand 360x1000
7confidencegames
Learned Hand 360x1000
1lauber
James Gould Cozzens 360x1000
AlexRosenberg
Thomas Piketty3 360x1000
10abion
2defense
2lookingforthegoodwar
lifeinmiddlemarch2
14albion
1paradide
1trap
1madoff
Ruth Bader Ginsburg 360x1000
Margaret Fuller 360x1000
1jesusandjohnwayne
199
3confidencegames
Margaret Fuller 2 360x1000
Spottswood William Robinson 360x1000
Brendan Beehan 360x1000
499
8albion'
Anthony McCann2 360x1000
Margaret Fuller4 360x1000
Maria Popova 360x1000
Anthony McCann1 360x1000
Maurice B Foley 360x1000
5confidencegames
1empireofpain
Mark V Holmes 360x1000
Stormy Daniels 360x1000
13albion

Most Recent Posts

Here Is The First Post On A 2019 Tax Court Decision

Here Is The First Post On A 2019 Tax Court Decision

The name of the petitioner is, of course, public record and you can easily find it, but it is one of those cases where I figure the taxpayer does not need me to help him be more famous so I will call him Joe.  The case is pretty much a mess and I would normally skip it, but I figure my readers must also be suffering from Tax Court Withdrawal Syndrome.

read more
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.

read more

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.

read more

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.

read more
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.

read more

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.

read more
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.

read more

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.

read more