2022 is a cynical time, full of cynical men and women bending and breaking the rules that govern every aspect of our lives in a cynical race to do whatever cynical thing they can justify to themselves to squeeze out extra crumbs of money, or power, or both. (You’d be amazed to see the things… Read More

I don’t know about you, but I certainly can’t. But that’s exactly what happened to a couple in U.S. Tax Court. Now, a common question clients frequently ask tax pros is “how much can I deduct?” The answer is always: what is legitimate, ordinary and necessary, and DOCUMENTED. If it isn’t legitimate and ordinary and… Read More

The first sighting came from California’s Orange County in 2006. Then quickly spread to New York, Atlanta, New Jersey, and DC. Then Beverly Hills, Miami, Potomac, Dallas, and Salt Lake City. Most recently, more have popped up in Dubai. What are we talking about? TikTok’s hottest meme? The newest COVID variant? Nope – we’re talking… Read More

Most of us look back on the 70s as a time of louche excess: garish bell bottoms, deep-pile shag carpets, slouchy conversation pits, and coke spoons on gold chains. But 70s style is back, baby! Fashion houses are rolling out psychedelic prints, flared bottoms, and knotted tops. Interior designers are bringing back nubby textured fabrics,… Read More

A recent poll from the Pew Research Center finds that 54% of Americans think violent crime is one of our country’s biggest problems. You would think the last thing we need is more of it. Yet millions are obsessed with true crime stories, whether we find them on cable TV, streaming video, or podcasts. If… Read More

On July 4, 1776, a determined group of colonists clinging to the shore of a harsh new world declared independence from the political bonds connecting them to the British Crown. The colonists cited all sorts of injuries and usurpations to justify their revolutionary decision: the King had plundered their seas, ravaged their coasts, burned their… Read More

The Fourth of July and other holidays are a great time to get together with family and friends, enjoy fun, laughter and good company, and chat… about taxes? Every so often when someone finds out what I do for a living, I’ll hear “Hey, I have a question.” Usually, my answer to a question is… Read More

On September 17, 1873, the brand-new Ohio Agricultural and Mechanical College opened its doors to 24 students. (Future President Rutherford B. Hayes was an early booster, and since you don’t remember anything he did as President, you may as well remember him for this.) Five years later, the school graduated its first class of six.… Read More

Fifty years ago, on June 17, a former CIA officer and four Cuban anti-communists carrying bugging devices found themselves handcuffed outside the Democratic National Committee headquarters in the Watergate complex in Washington, DC. What started out as “a third-rate burglary” morphed into “a cancer on the Presidency” and then a “long national nightmare” before President… Read More

Every so often, I come across a newspaper headline and think, “I have got to turn that into a Tax Beat story!” Usually, it comes from someplace like the New York Times or Wall Street Journal. Sometimes it’s from a specialized business publication like Bloomberg or a tax journal. But this week’s “ripped from the… Read More