Tags » Tax Court

Alternative Investments in IRAs – Part II: Be Creative

WARNING:  Do not try the following strategy unless, at least:

  • Your daddy built a big company that exports products
  • You have the nerve to battle the IRS for many years…
  • 825 more words
Tax Court

Fleischer – Unsettling News for Independent Wealth Advisers

This is a very long blog because it is an important, complicated and current topic!

I am privileged to count among my clients some of the elite wealth advisers in the Dallas-Fort Worth area.  1,486 more words

Tax Court

POOF! $64 Million Charitable Contribution Deduction Disappears

Alright, the facts in the case are a bit more complex than a “poof.”  But it got your attention for my at-least-annual reminder to obtain a contemporaneous written acknowledgment (“CWA”) from the donee for any contribution that is valued at $250 or more. 458 more words

Tax Court

The Wizardly World of Tax Litigation

There is no substitute for litigation experience. Since every lawyer is not a trial lawyer, it makes sense to learn from attorneys who are actually litigating tax cases and bringing those actions to verdicts. 519 more words

Federal Bar Association

IRS Left Holding the Bag After Investors Madoff with Millions

How much is a fictitious brokerage account worth, and what happens when it loses value? The IRS and the Tax Court have struggled with issues arising from the Bernie Madoff scandal. 618 more words

Legal Topics

What’s The Difference Between An Actuary And An Accountant?

An accountant looks at your shoes when he talks to you.  An actuary looks at his own shoes when he talks to you.

There is a difference between an actuary and a mathematician, too.  455 more words

Tax Court

Don’t Tell My Clients About This Case

I always tell my clients to keep good records.  Often, I tell them again and again annoyingly.  It is my experience, and I daresay the experience of most other tax practitioners, that a taxpayer’s failure to keep good  books and records will almost always result in a bad experience, if the taxpayer has to tangle with the IRS.  410 more words

IRS