The Internal Revenue Service (IRS) headquarters stands in Washington, D.C. Photographer: Andrew Harrer/Bloomberg Somehow I missed the big win that the Estate of Andrew J McKelvey had in Tax Court in April 2017.  Fortunately Ashlea Ebeling was on the ball with Monster Founder McKelvey’s Estate Sidesteps Tax On $200 Million PPVF Capital Gain. As far as I
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In refuting a New York Times report, which found that he received at least $413 million in today’s dollars from his father’s empire, President Donald Trump went back to Economics 101. In a tweet, Trump did not specifically deny the conduct the Times described as “dubious tax schemes,” including “instances of outright fraud.” “The Failing
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Hail Nexus Monday; startups using tax losses; advantages in the season’s choices; and other highlights from our favorite tax bloggers. Whiffs of caution Tax Foundation (https://taxfoundation.org/blog): The Massachusetts November ballot will not include a proposal to increase income taxes for education and roads after the state’s highest court ruled that the measure violated anti-logrolling provisions
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Charles “Chuck” Rettig was officially sworn in as commissioner of the Internal Revenue Service by Treasury Secretary Stephen Mnuchin on Monday – and he has quite a job ahead of him. He comes on board as the IRS is working to implement the many changes to forms, systems, calculations and other aspects of the tax
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Don’t make things worse than they are already. It is never pleasant to be in a situation where someone may file a lawsuit against you. Whether this is the result of an accident, a business argument, or the inability to pay a debt, some common principles apply across the board that should be considered. 1.             Do
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One of the most significant provisions of the Tax Cuts and Jobs Act was its near-repeal of the Individual Alternative Minimum Tax, that complex parallel tax system that made life miserable for millions of mostly upper-middle income taxpayers. According to new Tax Policy Center estimates, the TCJA cut the number of taxpayers who pay the
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