Most Recent Posts
Been Putting Off Disclosing Foreign Assets To The IRS? Right Time May Be Now
Another option is “quiet disclosure”, which is simply amending returns without making a big fuss about it. Here is an article on what a bad idea that is for whatever that is worth. And then there is just not doing anything. You are betting on continued deterioration of the IRS enforcement capability and feeling lucky. I don’t recommend it, but of course, if you had been listening to somebody like me to begin with you wouldn’t be in the situation now.
Dinosaur Adventure Land Grand Re-Opening:
By Abigail Megginson Lenox, Alabama isn't home to much. But starting Saturday April 21, it became the destination for Hovind followers and those who reject the theory...
God And The IRS – And Kent Hovind!
I didn’t think anybody would ever be able to top “Call me Ishmael” as an opening line of a book, although “When Mr. Bilbo Baggins announced that he would shortly be celebrating his eleventy-first birthday” comes close. Professor Samuel Brunson has managed it though with his Thanksgiving line, at least in my book. Well his […]
First Circuit Says IRS Cannot Use Smell Test To Squash Plan To Funnel Millions Into Roth IRA
The Benensons had their Roth IRAs each invest $1,500 in JC Holding which owned JC Export, a newly formed DISC, in 2002. Then they had their family-owned manufacturing business Summa Holdings pay commissions on its exports which sent $5,182,314 to JC Export from 2002 to 2008. JC Holding had to pay corporate income tax (If JC Export had been owned outright the Roth would have had to pay the tax on unrelated business income). The after-tax balance ended up in the Roth ready to be invested tax free. They were not interested in the deferral feature. The whole point was to fatten up the Roth IRA with some of Summa’s after-tax income.
I’m Optimistic That Kent Hovind Has Turned The Corner On Tax Compliance
My biggest realistic hope for Kent Hovind after his release from prison was that he would become conventionally tax compliant - focus his energy on saving souls and...
Name Drop
Lamar Smith has given me another guest post. Since it mentions me explicitly I will give some extended commentary at the end....
Lafayette On The Stafford Turnpike
I am involved in the planning for an event this coming Labor Day weekend. It is the beginning of a long term project to celebrate the bicentennial of...
Association For Honest Attorneys Has No Attorney Members And No Longer Has Tax-Exempt Status
Ironically, Ms. Farr’s approach is similar to what happens with some attorneys when they end up in Tax Court. Rather than going through the tedious process of documenting transactions as an accountant would, they make arguments about process. That is what happened with the great F Lee Bailey Some good accounting and a better audit trail might have been the salvation of AHA. Rather than an honest lawyer, perhaps AHA could have been saved by a reasonably competent accountant.
I don’t doubt Ms. Farr’s word when she says she will appeal, so I will be on the lookout for the next decision in this saga.
NWTRCC Wants Tax Day To Be Peace Day
The organization National War Tax Resistance was formed in 1969 as a response to the surge in interest in income and telephone tax resistance, and at its peak had 192 chapters. War tax resisters also sought support from organizations like Peacemakers and War Resisters League. Many resisters gave their taxes to alternative funds that redirected the money to community organizations more deserving of financial support.
During the length of the war, many prominent individuals took up resistance. For example, in 1968, the Writers and Editors War Tax Protest took out ads in three publications, listing writers and editors who pledged to refuse to pay the income tax and/or telephone tax. Signers included Howard Zinn, Allen Ginsberg, Grace Paley, Frances Fox Piven, Adrienne Rich, Helen and Scott Nearing, Kurt Vonnegut, and Philip and Daniel Berrigan.
Kent Hovind Critic Deborah Henderson Weighs In On Holy Cross New Testament Controversy
Holy Cross in the news. Senior Elinor Reilly's article in The Fenwick Review made a splash first in the right wing blogosphere and then the mainstream media...