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Entries from December 2008

My New Year’s Resolutions Based on Lessons Learned in 2008

December 31st, 2008 · 2 Comments

I  am not a New Year’s resolution kind of guy.  If something is worth changing, why wait until the calendar flips to an arbitrarily selected new day. Just do it now! To me, resolutions are a convenient way for people to put off doing the hard work of change. It allows them to indulge in their vices and bad [...]

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Tags: Announcements · News

Tax Court Update – December 2008 – Mark To Market Election and 9100 Relief

December 31st, 2008 · 2 Comments

Mark N. Kantor and Marla R. Kantor v Commissioner of Internal Revenue – The issue for decision in this case was whether the taxpayer was entitled under section 475(f) to use the mark-to-market method of accounting in connection with his business as a securities trader. The taxpayer filed his 2000 and 2001 tax returns and claimed stock [...]

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Tags: Court Cases · IRS Audits · Tax Tips

President-Elect Obama to Move Quickly on Middle Class Tax Cuts

December 30th, 2008 · 1 Comment

The Washington Post reported yesterday in an article titled Obama Tax Cuts Likely Soon that, President-elect Barack Obama‘s economic stimulus plan will include an immediate tax cut for middle-class families, and the incoming administration hopes to enact permanent tax cuts soon thereafter, [David Axelrod] a senior adviser to Obama said Sunday. Axelrod also was asked [...]

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Tags: Legislative Watch · News · Tax Policy

Estate Tax Planning: To Pull the Plug or Not to Pull the Plug, That is the Question

December 29th, 2008 · 1 Comment

Howard Gleckman of TaxVox wrote a blog post last week titled Throw Momma from the Train and said this: There may be no provision in tax law more bizarre than the estate tax. In just a year and a few days, on Jan. 1, 2010, the levy will expire and estates of any size will be [...]

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Tags: Estate Tax · Tax Humor · Tax Policy

Movie Review: “Doubt”

December 29th, 2008 · No Comments

“Doubt is not a pleasant condition, but certainty is an absurd one.” – Voltaire – There is far too much certainty in the world. People of faith are as certain of their own salvation as they are of everyone else’s damnation and atheists are certain that anyone of faith is a moronic dupe incapable of reason. [...]

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Tags: Movie Reviews

Issue # 5: Dr. Tax-O-Sphere, Or How I Learned to Stop Worrying and Love the Tax Code

December 28th, 2008 · 1 Comment

 “I can no longer sit back and allow Communist infiltration, Communist indoctrination, Communist subversion, and the international Communist conspiracy to sap and impurify all of our precious bodily fluids.” – Jack D. Ripper – The Doctor found dozens of excellent blog posts this month. And, of course, we got the usual great quality from Kay [...]

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Tags: Dr. Tax-O-Sphere

The Online Tax Canon: The 10 Essentials

December 27th, 2008 · 2 Comments

The Western Canon of literature has been all but emasculated in recent decades by left-wing PC forces that rule academia. Dead European White Males are, in some cases, automatically excluded from curricula on the grounds that their formerly high regard is merely the product of patriarchal white society that has historically discriminated against women and minorities. Translation: Maya [...]

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Tags: Literature and the Law · Opinion · Top Ten Lists