Penny Wise And Pound Foolish
Philip Wrigley had a problem. As the notoriously parsimonious owner of the Chicago Cubs in the 1970s, Mr. Wrigley did not want to spend big money to attract top players. But, as the savvy owner of a successful confectionary business, he also knew that no one would buy tickets to see a perennially second-division ballclub. […]
Knowing When To Say When
Global Tax Weekly_March 3
Cheap Shelf Or Top Shelf?
Many people make purchase decisions based on cost, and little else. “Motor oil is motor oil,” they insist. In the minds of many, it is pure folly to pay X dollars per month for auto insurance when another company provides the same service for a mere Y dollars. Or, they ask rhetorically, what moron would […]
Antonin Scalia’s Legacy On And Off The Bench
If any lawyers you happen to see this coming week look a bit more depressed than usual, it may be due, at least in part, to the unexpected passing of Supreme Court Associate Justice Antonin Scalia. His sudden death was especially jarring for all of us who have ever experienced the completely unanticipated loss of […]
New Jersey Tax Court Procedure for State Tax Cases
Like it or not, taxes are the lifeblood of a nation. It helps fuel our government in order for it to function properly and efficiently. While paying taxes is one of our duties as citizens, there are always instances when the IRS or a State taxing authority overreaches. This may come in the form of […]
Sample Reasonable Cause Letter for Abatement of Form 941 Penalties & Interest
Attached is a sample reasonable cause letter in support of a client’s request that all penalties and interest arising out of his unintentional failure to file and pay Form 941 withholding taxes be waived. This is a heavily redacted version and should not be relied upon in any way, shape, or form in dealing with […]
Double Trouble! Employment Taxes & The Trust Fund Recovery Penalty
“Lord, hou schulde God approve that you robbe Petur and gif is robbere to Poule in ye name of Crist?” John Wycliffe, Selected English Works, c. 1380 In medieval England, the Christian Peter and Paul were two peas in a pod. They were both apostles and both martyred in Rome. They even shared the same […]
It’s All In The Name
Global-Tax-Weekly_December 10
It’s All In The Name
Some events are so seminal that they need no explanation. When someone says “Holocaust” or “9/11” or “Hindenburg,” no further explanation is needed. Some sports stars share similar fame. There is only one Michael, one LeBron, and one Wilt. While he admittedly does not rise to that level – some scouts shake their heads and […]
Demystifying The FBAR
Learning Objectives Learn the purpose of the FBAR regulations Determine who must file the FBAR Determine the FBAR filing requirements Determine who is exempt from the FBAR filing requirements Understand the civil and criminal penalties that may be applicable for not complying with the FBAR filing requirements