A few days ago I wrote about Judge Richard Posner’s recent suggestion that a wholesale change in copyright law might be in order to save the newspaper industry: I simply cannnot fathom how [Judge Posner] can conclude that it would be constitutional for a government to eliminate my ability to say “the New York times said such and [...]
Tags: News
Here is Robert Flach’s response to my post titled IRS Audit Red Flags: A Rebuttal of Robert Flach. I will try to make this brief. Robert says, I certainly agree with Pete when he says, “the odds are better that a return will be accurately prepared by someone who has more training in tax law than [...]
Tags: IRS Audits
In my previous post titled Bernie Madoff Sentenced to A Century and a Half Behind Bars I asked the following question: Will the U.S. be satisfied with putting Madoff away for life or will they now redirect their efforts to finding his accomplices? Looks like I might have gotten my answer a lot sooner than I [...]
Tags: News
Ponzi schemer Bernard Madoff was sentenced yesterday to a prison term of 150 years Reuters reports: Bernard Madoff’s victims gasped and cheered when he was sentenced to 150 years in prison, but they walked away knowing little more about how he carried out the biggest robbery in Wall Street history. In one of the most dramatic [...]
Tags: News
Red Flag – transitive verb red-flagged – flagged′ – red-flagging – flag′·ging – “to mark, designate, or otherwise call attention to as being risky, unsuitable, etc.” – Webster’s New World College Dictionary – Robert Flach of The Wandering Tax Pro blog took exception to my blog post titled 5 Slam Dunk IRS Audit Red Flags. [...]
Tags: IRS Audits
Joe Kristan of Roth & Company’s TaxUpdates blog informs readers about IRS relief for new filers of FBAR Form TD 90-22.1: The IRS says that folks who didn’t know about their foreign financial account (“FBAR”) reporting requirements until recently, but who have reported whatever foreign income they have earned for 2008, may file their current report on Form 90-22.1 [...]
Tags: Individual Taxation
The United States Supreme Court issued it’s ruling in the Ricci firefighter case The Huffington Post reports: The Supreme Court has ruled that white firefighters in New Haven, Conn., were unfairly denied promotions because of their race, reversing a decision that high court nominee Sonia Sotomayor endorsed as an appeals court judge. New Haven was [...]
Tags: Court Cases
