Most Recent Posts
Facade Easement Deduction Not Allowed- Not Real Property Interest And Not Perpetual
Harbor Lofts had a long term lease (till 2056) on two buildings in Lynn Massachusetts that are owned by the Economic Development & Industrial Corporation of Lynn. The two buildings are the Daly Drug Building and the Vamp Building. I found something on the Vamp Building but struck out on the Daly Drug Building.
Court Of Claims Requires Reimbursement To Insurance Company Despite No Appropriation
Having health care policy set by litigation is probably less than ideal. A project of the Trump administration was to be the repeal and replacement of Obamacare. By lucky coincidence, Fear by Bob Woodward popped into my Kindle this morning. I’ll be reading it today, but I could not resist checking for blog fodder on taxes, but nothing leaped out at me. Then I realized that there might be something on Obamacare. Doesn’t seem to be a lot. Apparently blame for failure to repeal and replace went to Reince Priebus
Statute Of Limitations Can Sometimes Hurt Taxpayers
More important though is the practical point. Just don’t cut it so close. Mr. Elizalde had three years. Why not on April 1 (or better March 15) file with return receipt? If the return receipt is not back in a week or so, take some action to trace the envelope and refile if necessary, Some of the blame for this falls on the media which refers to April 15, as modified for weekend and holidays, as Tax Day. At any rate, Mr. Elizalde might have had a very good reason for cutting it so fine. I just can’t dream one up. Just remember, the last possible day is not the best possible day when it comes to tax filing.
How Tax Resistance Can Hurt Your Marriage(s) – The Kent Hovind Saga
Under the commitment of marriage, the husband takes a vow to care for and protect his wife, and to put her before anything else under God. I was not demanding extreme protection but refused to accept decisions that blatantly and foolishly welcomed risk, easy and valid attack, and the predictable demise of the life we were building together. The most disturbing aspect is that the problems I discovered were not accidental mistakes, nor were they impossible to correct. Instead, I had exposed and was demanding a complete revision of the planned, deliberate, voluntary way that Kent and his board are dedicated to operating DAL. Who was I to think I was going to persuade them all to change?
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My marriage with Kent would have survived had I “been a good wife”, understanding that a woman’s place is in the home and her job is to support her husband without question. And a wife is certainly never to meddle in the men’s business affairs. Yes, our marriage would have survived for some time…
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For all of the people who are just bursting with curiosity about why I left Kent Hovind, I will reduce it to one sentence. I decided I don’t want to play a lead role in the next debacle.
Cayman Islands Not Just A Mailbox And Not Like You Saw In ‘The Firm’
There is one thing that he noted that is a big upside to the Caymans. A tragic remnant of racism probably has its roots in white supremacist ideology, which used to be quite popular and often seems like it will make a comeback. It blights much of the English speaking world. Mr. Leung, who is of Asian descent, noticed a whiff of it in Scotland, but finds the Caymans utterly devoid of racism. Pirates, refugees, shipwrecked sailors and enslaved people might not seem to be the best material to start a country to some, but clearly there is an upsid
Treasury Capital Gain Indexing: Who Can Sue?
Remember when the income tax was first implemented the country was on the gold standard. ( How we went on and off that is a story too complicated for this post). At any rate, if during the gold standard days you bought something for twenty dollars, you might hand somebody a twenty-dollar gold piece. If you sold it for $40 a few years later, you would get two $20 gold pieces. You could go make change for the second one and use some of that to pay taxes and you are clearly ahead.
Off the gold standard, it is a different story. Suppose you bought a vacant lot for $10,000 in 1980 and sell it for $20,000 next week. Is that extra $10,000 an “undeniable accession to wealth”? Well maybe not. According to this handy calculator, $10,000 “1980 dollars”, which is what you paid are equal to $32,912.52 “2018 dollars. There is a common expression “today’s dollars”. You paid over $30,000 in today’s dollars for the lot and are only getting $20,000 in today’s dollars. So indexed gains are a reasonable interpretation of the word “income”, which was not defined because everybody knew what it meant and they were on the gold standard when it went into law.
Lafayette In Charlton On September 1 2018 – Press Release
Contact: Peter J. Reilly Phone: 774-364-2595 Email: peterreillycpa@gmail.com For Immediate Release Website: We Are The...
The Spirit Of 1824
... there never was nor will be such a meeting in this or any country ,,, Salem Towne Junior July 25, 1824 Salem Towne Junior wrote those words to encourage his wife to...
Why Gender-Critical Radical Feminists Might Want A Church And Why IRS Approved
The priest, rabbi, minister joke form was common when I was growing up, along with other types of jokes which would no longer fly at all. It was generally innocent, the best indication that being if it did not change depending on which one did what. On reflection, I realized that in writing the joke I was mentally back in my boyhood when it would be understood that the threesome would be male. So here is an alternative.
An Episcopal priest, a Reform rabbi and a Unitarian minister walk into a temple – the lesbian leader asks them if they are interested in becoming congregants.
New IRS Regulations: Maybe TCJA Really Was Bad For President Trump And Some Wealthy Friends
To make up an extreme example consider Bruno Bigbuilding. Bruno supports his family with a modest $10 million salary that he takes from his development and management company. His net worth is close to a billion and it is based on real estate interests in which he is 90% leveraged. That produces a lot of depreciation, the deduction that President, then developer, Trump said he loves so much in The Art of The Deal:
“I don’t have to please Wall Street, and so I appreciate depreciation. For me the relevant issue isn’t what I report on the bottom line, it’s what I get to keep.”
After sheltering the income from the real estate, there will be plenty left over to shelter the $10 million salary. Not anymore.