Most Recent Posts
Conservation Easement Tax Deductions And Valuation Abuse
If all of the land that has been appraised by the development approach were actually subdivided, there would be enough subdivision lots on the market to last hundreds of years and little, if any, farmland left in the United States.
How To Cash Your Powerball Winning Ticket Anonymously
The limited liability company will not save income tax or estate taxes. What it will do is provide a confidential vehicle to do all the whacky things that I want to do. Each one will be in a separate entity. There is the movie company Let Them Be Sea Captains LLC (Bonus points for any commenter who figures out what the first film will be). And then there are the strip malls. I really like them. The really dinky ones that don’t have a really big anchor. That will be Greenstrips LLC and it will strive to have tenants who only sell things that are good for people. I have a hunch it will turn out to be not very sound and am capping that one at $50 million or so.
How Real Is Junior ROTC? View Of A Son Of Xavier Who Kept Marching On To Cold War Victory
Back in the day, the day being my childhood, youth, young adulthood and you might say prime - i.e. 1952-1992, every President had some claim to being a World War II...
Poor Return Preparation Kills Facade Easement Tax Deduction
Regardless I think the Gemperles got a pretty raw deal and given the amount of abuse that is going on with charitable easements, the IRS should not be using its resources to shoot small fish in barrels.
Tax Foundation Scores Ben Carson Tax Plan
I think it is worth noting that we have had a progressive income tax and an estate tax for a century now. I understand the arguments that the economists make for plans like Carson’s, but there are all sorts of unintended, unforeseen consequences when you make radical changes. From that perspective, the Dwight Eisenhower style socialist from Vermont, Bernie Sanders, is actually looking like the most conservative candidate at the moment , but we’ll see how things develop.
No Foreign Income Tax Exclusion For Army Civilian In Afghanistan
Although most of us have some, if not enough, appreciation for “the troops”, I doubt we reflect much that there are also civilians putting themselves in harm’s way. Going down into the village and learning about “actionable security issues” hardly seems like a walk in the park. That had me rooting for Striker, even though I did not think he had much of a case.
Tax Court Sorts Out Basis On Russian Fast Food Merger
The reason Mr. Testyn’s new argument doesn’t work is a kind of heads I win, tails you lose rule when it comes to “substance over form”. The IRS can argue that what you said you did – the form – is not what actually happened – the substance. You can’t generally do that yourself, because you got to choose the form, so you are stuck with it.
Mass Appeals Court Supports Revenue Department In Penalizing Paper Check
Something tells me that there is more at stake here than a lousy hundred bucks, because the Mass DOR appealed the ATB decision. And I am sorry to say that the Appeals Court of Massachusetts ruled in favor of Mass DOR. The Appeals Court was influenced by the fact that Mr. Haar had been warned when he used a paper check with his 2005 extension and had complied with the mandate when he sent in his 2007 extension.
Raw Story Uses Video Editing To Defame Kent Hovind
Fond as I am of the guy, I can't fault people for being critical of Kent Hovind. David Edwards of Raw Story has gone over the line though in his recent post on Hovind....
Family Partnership Valuation Discounts Approved By Tax Court
I find this decision particularly apt for opening 2016 although it would have been better for closing 2015, which it would have had I been a little more diligent. My second blog post ever over six years ago was a discussion of family limited partnerships, that hammered home the point that that good execution is critical with them starting with the post’s title – Devil Is In The Details.