エピソード

  • Episode 3 - Greenblatt v. Commissioner
    2024/12/18

    S-Corps gone wild.

    A taxpayer forms more S-Corps than he needs and loses out on millions of dollars in deductions from:

    - S-Corp basis limitations

    - Bad record keeping

    - Missed tax elections

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    34 分
  • Episode 2 - Aboui v. Commissioner
    2024/12/11

    Buy here pay here car dealership, bad accounting record access, and an aggressive IRS agent all combine for a few million dollars in tax assessed.

    But the good guys get a win in this case and Aboui gets major tax relief mostly from some IRS missteps.

    We talk about:

    - Cohan rule (what happens when accounting is bad)

    - S-Corp taxation on distributions

    - Types of audit techniques the IRS will use

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    27 分
  • Episode 1 - Top Tax Court Cases - 2024
    2024/12/04

    On Episode 1, we get into 7 US Tax Court cases from 2024 with some solid lessons learned:

    1. Parkway Gravel v. Commissioner - 3:07 - real estate options, C-Corps, partnership, related parties
    2. Schnackel v. Commissioner - 16:09 - cheating husband, disallowed business deductions for cheater
    3. Foradis (Warren) v. Commissioner - 28:15 - Real Estate Pro status blown up
    4. Maggard v. Commissioner - 37:02 - S-Corp income allocation, embezzlement, Operating Agreement rant
    5. Schwarz v. Commissioner - 49:09 - bad accounting, conglomerate of activities, losses disallowed as hobby
    6. Huffman v. Commissioner - 1:01:17 - stock options subject to gift tax, personal goodwill as C-Corp play
    7. Strom v. Commissioner - 1:12:06 - dot com bubble crash, $100MM W2, sham tax structuring
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    1 時間 20 分