Two Cheers if You’re Against Tax Shelters

Two Cheers if You’re Against Tax Shelters
Since people are getting riled up at the tax planning methods of insidious corporations like Bain Capital and Gawker Media, I thought I’d soothe some frothing frustration with a new court case showing that not just anyone can weave a tax-free tapestry. Gerdau Macsteel, Inc., awesome name aside, planned two large sales back in the ...

No Capital for your Cows

No Capital for your Cows
Since most of my work is related to decent sized corporations, I never work on farms. One of my clients, however, decided a ranch would make a great side business (no, it’s not Ann Romney). It’s a fairly small operation and doesn’t take much time on my part, but it has just enough specialized rules to be annoying. This ...

The Effective Rate Debate

I’ve been meaning to write an actual tax blog post for some time, just to try it out. I picked something fun and controversial. Hope you enjoy it. The debt ceiling debate has been about as ubiquitous as car insurance commercials over the past few weeks. Like all good political debates, we’ve had no shortage ...