by Dan Smith | Aug 9, 2011 | Entrepreneurs' Business Blog
Murphy’s Law says that if anything can go wrong, it will. I think that a tax corollary to Murphy’s Law is that if the IRS asks you for a particular record, that will be the one record you can’t find. The best way to make sure that Murphy’s Law...
by Dan Smith | Aug 8, 2011 | Entrepreneurs' Business Blog
Congress seems to do two things when it passes a new tax act. First, it tries to make people think that the new law is going to be best thing since sliced bread by loading the title of the legislation up with all kinds of positive sounding words and phrases. Two...
by Dan Smith | Jul 28, 2011 | Entrepreneurs' Business Blog
I have recently published an eBook for the Kindle on Amazon.com that is entitled “IRS Income Tax Audits: A Mini-Course in Avoiding, Preparing For, and Getting Through an IRS Income Tax Audit.” This eBook is just the first in a planned series of eBooks...
by Dan Smith | Jul 19, 2011 | Entrepreneurs' Business Blog
The United States Tax Court recently addressed the deductibility of so-called “qualified long-term care services” for chronically ill individuals in Estate of Baral v. Commissioner, which was filed by the Tax Court on July 5, 2011. Most people know that...
by Dan Smith | Jul 18, 2011 | Entrepreneurs' Business Blog
The stakes were high for the taxpayer in the case of Moore v. Commissioner, which was recently decided by the United States Tax Court and filed by the Court today. The question that was on the table was simply this–was the taxpayer a professional gambler or not....
by Dan Smith | Jun 28, 2011 | Entrepreneurs' Business Blog
On June 27, 2011, the U.S. Tax Court filed its decision in the case of Grosjean v. Commissioner, an interesting and educational case involving the issue of deductibility of alimony. The ex-husband taxpayer who alleged that he should have been able to deduct a certain...
