Tax

Blog Posts

  • Computing the Reportable Transaction Penalty March 29, 2017 The Section 6707A reportable transaction penalty can be difficult to work with given the more limited for contesting the penalty. The court addressed this in Bitter v. Commissioner, T.C. Memo. 2017-46, in the context of a Section 412(i) plan. Tax…
  • Accounting Firm Will Count Oscar Ballots Again Despite Snafu (But No Cellphones Allowed) March 29, 2017 Actress Faye Dunaway and actor Warren Beatty arrive on stage to announce the winner of the Best Movie category at the 89th Oscars on February 26, 2017, in Hollywood, California. (Photo credit: MARK RALSTON/AFP/Getty Images) And the winner is……
  • New Law Limits Ag Nuisance Damages March 29, 2017 Today, Governor Branstad signed SF 447 into law. The new law, designed to curb damage awards in nuisance cases brought against responsible animal feeding operations, went into effect immediately.
  • Taxes From A To Z (2017): L is for Late Filing & Late Payment Penalties March 29, 2017 Taxes From A To Z It's my annual "Taxes from A to Z" series! If you're wondering whether you can claim wardrobe expenses or whether to deduct a capital loss, you won't want to miss it. L is for Late Filing & Late Payment Penalties. This year, Tax…
  • Think of it as "Lifetime Planning," not Estate Planning March 29, 2017 "Estate planning, when properly done, could more appropriately be called lifetime planning."
  • More publication info March 29, 2017 On March 31, a book called The Timing of Lawmaking, edited by Frank Fagan and Saul Levmore, will come out via Edward Elgar Publishing. Further information about the book is available here.One of the articles in the volume is my piece, The More It…
  • Declaración Anual 2016 de Personas Morales. Los 10+ March 29, 2017 AHORRA tiempo en el proceso de trabajo de Declaración Anual de Personas Morales !! Continuar... Clic para leer mas en sitio original.
  • Where Have All Of The Taxpayers Gone? March 29, 2017 Shutterstock It's just a few weeks until Tax Day. [tweet_quote display="Have you filed your tax returns yet? Chances are, the answer is no."]Have you filed your tax returns yet? Chances are, the answer is no.[/tweet_quote] In 2016, the Internal…
  • Can the California Franchise Tax Board Levy My Bank Account? March 29, 2017 The California Franchise Tax Board (FTB) has the authority to collect your delinquent tax balance via a bank levy under California Revenue and Taxation Code Sections 18817 and 18670. The FTB has the authority to take 100 percent of the balance owed…
  • Finding the Right Estate Planning Attorney March 29, 2017 "Losing a parent or grandparent can put into perspective the need for careful planning to avoid surprises, protect young children and spouses and properly execute the decedent's wishes."
  • Tax Roundup, 3/29/17: Management fees mismanaged. Also: reform is hard, Chuck Berry, more in the links! March 29, 2017 Mismanaged fees. In the misty dawn of time — well, in my early days in public accounting — I knew an old-school practitioner who used "management fees" between related companies as a tax planning cure-all. Too much taxable income? Pay a…
  • Tax Deduction for Donating Clothing March 29, 2017 A recent United States Tax Court case, Gaines v. Comr., T.C. Summ. Op. 2017-15, provides some insight into claiming a charitable contribution deduction for donating clothing to a charity. The taxpayers were a married couple, but the issues involved…
  • Is It Time to Examine the Concept of Originality in Musical Works? March 29, 2017 Emma Steel, Original Sin: Reconciling Originality in Copyright with Music as an Evolutionary Art Form, 37 Eur. Intell. Prop. Rev. 66 (2015). Andres Guadamuz Copyright often makes little sense, particularly when you explain it to people who are not…
  • Taxes From A To Z (2017): K Is For Strike Price March 28, 2017 Taxes From A To Z It's my annual "Taxes from A to Z" series! If you're wondering whether you can claim wardrobe expenses or whether to deduct a capital loss, you won't want to miss it. Okay, this one is a bit of a trick. The financial world loves…
  • Getting to Know You Tuesday: Jennifer Correa Riera March 28, 2017 Jennifer Correa Riera Tax professionals aren't always focused solely on federal income tax laws. Their knowledge base often spills over into other areas – like the rules governing anti-money laundering. Today's tax professional, Jennifer Correa…
  • REVISED DEATH CERTIFICATES FOR SAME-SEX COUPLES IN FLORIDA March 28, 2017 The United States Supreme Court ruling in Obergefell v. Hodges in 2015 has brought many changes, protections and complications for same-sex couples. In 2015, after the historic court ruling, a gay widow asked the state of Florida to correct his…
  • Short article just published March 28, 2017 In October 2015, I participated in a conference at Brooklyn Law School, entitled "Reconsidering the Tax Treaty." I wrote a short article for the occasion (about 3,500 words), entitled "The Two Faces of the Single Tax Principle." A…
  • Tax land, not labour by Dominic Frisby March 28, 2017 The post Tax land, not labour by Dominic Frisby appeared first on Ann L Humphrey.
  • Waste Fraud and Abuse Part 1, What It Is and Who Is Concerned March 28, 2017 Concern regarding "waste, fraud and abuse" in government spending is everywhere these days, it seems. Even in 2017, it is a solidly bi-partisan concern. A quick internet search reveals that think tanks from the progressive Center for American…
  • Recurso de Revocación vs Actos Desconocidos. Mis secretos (Litis Abierta) March 28, 2017 Las resoluciones administrativas dictadas en materia fiscal que agravian legítimos intereses de los... Clic para leer mas en sitio original.