Tax Lawyer's Blog

Back in 2008 I wrote about a group of Oklahoma college students who had bragged on MySpace about how much money they were making in their party business. Unfortunately for them, a state tax investigator was one of their “friends”:
Five current and former University of Central Oklahoma students bragged on MySpace that their party business had served thousands. Actually, a [...]

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Newsflash: None of us is getting out of here alive.¹
From Reuters here are the latest sin tax shenanigans:
U.S. researchers estimate that an 18 percent tax on pizza and soda can push down U.S. adults’ calorie intake enough to lower their average weight by 5 pounds (2 kg) per year.
The researchers, writing in the journal Archives of Internal Medicine on [...]

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This guy makes me ashamed my name is Pete.
Fortney Pete Stark (D-CA) is the new Chairman of the House Ways & Means Committee and in one fell swoop has become one of the most powerful men in Congress. If you are queasy about this prospect, ponder these Starkisms. They’ll send you straight to the vomitorium:
Stark slanders a sitting President of the United States [...]

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Senator Jim Bunning (R-KY) has struck a deal with Majority Leader Harry Reid (D-NV) to stop his filibuster of the Senate jobs bill:
Bunning  has accepted a deal to drop his one-man filibuster of a bill that would extend expiring unemployment benefits for hundreds of thousands of people.
Reid’s office has confirmed to TPMDC that Bunning accepted the deal, but declined to provide [...]

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From the USA Today:
The Crow Creek Sioux Tribe has settled its tax debt with the IRS and lined up a loan that will enable it to buy back the 11 square miles of land the IRS sold at auction in December, the tribal chairman said. A stipulation filed in court last week indicates the tribe will [...]

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From the I-am-not-responsible-for-my-own-choices department, WebCPA reports that an Ohio man faced with foreclosure and outstanding tax liens on his business bulldozed his house to avoid turning it over to the bank:
Terry Hoskins bulldozed his home in Moscow, Ohio, after RiverHills Bank began foreclosure proceedings. “When I see I owe $160,000 on a home valued at $350,000, and [...]

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AMSNBC.com reports that a man named Andrew Joseph Stack (pictured at right) of Austin, Texas crashed his plane into a federal building today:
A man upset with the Internal Revenue Service set fire to his home, got into his small plane and crashed it Thursday into a multistory office building that houses federal tax employees, authorities said.
At least [...]

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Anjeanette Damon of RJG.com writes about yet another cowardly, prevaricating politician:
Gov. Jim Gibbons released his full plan Tuesday for solving the $880 million budget shortfall, proposing two tax increases, further cuts to state agencies and education and allowing a private company to catch insurance scofflaw’s on the state’s roads
Gibbons, elected in 2006 on a promise not to [...]

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AIG wants to sell one if it’s subsidiaries, the American Life Insurance Company (”ALICO”), to MetLife but will first have to get a private letter ruling from the IRS.
Here’s the New York Times’ Mary Williams Walsh and Michael J. de la Merced:
AIG announced almost a year ago that it would sell… ALICO, to raise about $9 billion [...]

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