Wednesday, June 27, 2012

IRS Fires Revenue Agent Who Lost Own Case in Tax Court

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Would you be aggressive on your taxes if your job was on the line? I am reading Agbaniyaka v Commissioner . Benjamin Agbaniyaka (Ben) sta...
Wednesday, June 20, 2012

Cost Segregation and Buying a Business

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Have you heard of cost segregation studies? This is an engineering-based study, usually conducted in tandem with an accounting firm, to bre...
Friday, June 15, 2012

Senate Wants to Increase IRS Funding

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Last Friday I had a meeting with an IRS Appeals officer downtown. Her name is Fran and I like her. I understand that she and I sit on oppos...
Tuesday, June 12, 2012

CPAs Blow Their Own Tax Planning

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Here is one of my favorite tax quotes thus far in 2012:                 That an accounting firm should so screw up its taxes is the mos...
Thursday, June 7, 2012

Taxpayer Loses Charitable Deduction for Lack of Appraisal

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Joseph Mohamed seems a good sort. He and his wife live in Sacramento, California. He is a successful real estate professional. In 1998 they...
Monday, June 4, 2012

A Church Contribution Story: Durden

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Our next two blogs discuss tax fails involving charitable contributions. What each has in common is congressional resolve to address an a...
Thursday, May 31, 2012

Taxation and Renouncing Citizenship: Part II

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Let’s say that you were born in Brazil. Your family was wealthy. Due to safety concerns (such as the risk of kidnapping), they moved you to...