Showing posts with label compensation. Show all posts
Showing posts with label compensation. Show all posts
Sunday, September 14, 2025

A Paycheck As A Treasure Trove

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  I am looking at a case where the taxpayer was using Cesarini to argue her position. COMMENT: Cesarini is one of my favorite tax decision...
Sunday, March 17, 2024

Owing Tax on Social Security Not Received

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  I am spending more time talking about social security. The clients and I are aging. If it does not affect me, it affects them – and that...
Sunday, January 7, 2024

Ohtani’s New Baseball Contract

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I was reading about Shohei Ohtani’s new contract with the Las Angeles Dodgers. If the name rings a bell, that is because he both bats and pi...
Monday, June 26, 2023

Failing To Take A Paycheck

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I am looking at a case involving numerous issues. The one that caught my attention was imputed wage income from a controlled company in the ...
Saturday, November 19, 2022

Can A Severance Be A Gift?

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I am looking at a case wondering why a tax practitioner would take it to Tax Court. Then I noticed that it is a pro se case. We have tal...
Sunday, July 10, 2022

IRAs and Nonqualified Compensation Plans

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Can an erroneous Form 1099 save you from tax and penalties? It’s an oddball question, methinks. I anticipate the other side of that see-saw ...
Sunday, January 30, 2022

An Attorney Learns Passthrough Taxation

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  I have worked with a number of brilliant attorneys over the years. It takes quite a bit for a tax attorney to awe me, but it has happened....
Sunday, November 1, 2020

FICA Tax On Nonqualified Deferred Compensation

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  One of the accountants brought me what she considered an unusual W-2. Using accounting slang, Form W-2 box 1 income is the number you in...
Sunday, January 20, 2019

The Nick Saban Tax

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Have you heard about the “Nick Saban” tax? Let’s set it up. There has been a longstanding tax provision limiting the deduction...