Author Archives: admin

I came across this article by the Tax Prof Blog, edited by Professor Beyer. It relates to Nancy Silverton, who previously sold her restaruant in Los Angeles, La Brea Bakery, for $5 million. But she then lost all of it … Continue reading →

In an earlier post, I noted that Congress has passed relief from the Required Minimum Distribution (RMD) requirement for Traditional IRAs for the 2009 tax year. But I have a close relative who is howling, because he is now required to … Continue reading →

This is a somewhat odd story because it is extreme. Still, the consequences are not that unusual. Martin Sowell is a 43 year old Ohio man who tried to kill his adoptive parents when he was 17. He tried to … Continue reading →

Whoa. I recall hearing in the media a few years ago of a “kinder, gentler” IRS. I guess even it were possible for perhaps the largest and most aggressive collection agency in the world to be “kinder” and “gentler”. . … Continue reading →

I must admit: I have been hesitating to write this second installment to Discount Wars. The first part is here. In my last post on this subject I detailed how the IRS is using a certain provision in the Internal … Continue reading →

This has nothing specific to do with estate planning or financial planning; however, it is worth noting. The author of the 1975 law review article, a semi-parody, The Common Law Origins of the Infield Fly Rule, William Stevens, passed away. … Continue reading →

Because of the economic crisis, Congress has passed what it evidently thinks is temporary retirement plan relief in through H.R. 7327, the “Worker, Retiree, and Employer Recovery Act of 2008.” This new law allows an account holder not to take … Continue reading →

I must admit that I am a little taken by a new blog I just discovered, Taxgirl. Kelli Erb isn’t new to the blogging world…it’s obvious that she has been around for awhile. Still, I have added her to my … Continue reading →

Stocks are undoubtedly an investment. You go to a market, and place an order. At that point, money leaves your bank account to pay for the stock, and also to pay for the broker’s fee. In return, you get “something.” … Continue reading →

There is a post on the Legal Profession Blog, which shows a fascinating copy of the first draft of FDR’s address to Congress following the Japanese attack on Pearl Harbor, delivered 67 years ago. The document is either stored at … Continue reading →