United States Tax Court building in Washington DC Getty Jeffrey Davis is my new hero. From the record in Judge Ruwe’s Tax Court opinion, it appears that he got the IRS to back down on their notice of deficiency, but he didn’t stop there. He went on to recover $154.98 in costs. But that is
Taxes
Here is what Claude Tate George is most remembered for The Shot Seen Round NCAA In the 1990 NCAA March Madness George caught a pass from Scott Burrell with one second on the clock and made “the shot” that gave the U Conn Huskies the win over Clemson that put them in what Matt Zemek
Captive Insurance jda I previously wrote about the opinion of the New Jersey Tax Court in Johnson & Johnson v. Director in my article, Johnson & Johnson Loses $60 Million Case To New Jersey For Captive Insurance Company. In that case, the New Jersey Division of Taxation prevailed against Johnson & Johnson to the tune
Getty Do you file an accurate tax return and pay what you owe each year? If so, you’re in the majority: a report released by the Internal Revenue Service (IRS) indicates that the nation’s tax compliance rate is holding at 84%, the same as in prior years. The report also provides an estimate of the
The 45th Annual Notre Dame Tax & Estate Planning Institute in South Bend, IN brings together some of the top estate planners from around the country to lecture at a two day conference. This is the first in a series of articles elaborating on some of the many planning nuggets gleaned from the conference that
Social Security may be one of your largest assets. What and when you collect will make a huge difference to your lifetime benefits. Today’s column responds to questions about what income is subject to the earnings test, how benefits can be apportioned due tot he family maximum, potential effects of public pensions on different benefits,
Social Security may be one of your largest assets. What and when you collect will make a huge difference to your lifetime benefits. Today’s column addresses whether it’s appropriate to use break even analyses when deciding when to file, when to file to get a certain amount of delayed retirement credits, suspending a retirement benefit
Robert F. Smith gives the commencement address during the Morehouse College 135th Commencement at Morehouse College on May 19, 2019 in Atlanta, Georgia. (Photo by Marcus Ingram/Getty Images) Getty The best graduation present just got better. Here’s what you need to know. Pay Off Student Loans Billionaire Robert Smith announced in May the ultimate graduation
Captive Insurance jda On September 15, 2019, the IRS issued News Release IR-2019-157 entitled “IRS offers settlement for micro-captive insurance schemes; letters being mailed to groups under audit.” This appears to be the start of what amounts to the start of a global settlement initiative for qualifying 831(b) captive insurance companies and their owner. At
Democratic presidential candidate, Sen. Bernie Sanders (I-VT) greets guests at the Polk County Democrats’ Steak Fry on September 21, 2019 in Des Moines, Iowa. Seventeen of the 2020 Democratic presidential candidates and more than 12,000 of their supporters made an appearance at the event. (Photo by Scott Olson/Getty Images) Getty This week, presidential candidate Sen.