![Bill Davidson’s $2.8 Billion Estate Tax Bill]()
by argoodlw | Aug 27, 2013 | Estate Tax, Internal Revenue Service, Other Tax, Tax Court Cases
Estate Tax Bill the Size of a Small Nation’s GDP The estate of billionaire Bill Davidson is suing the IRS. Their beef: a $2.8 billion tax deficiency notice. That’s in the neighborhood of GDP for small nations like Greenland and the Cayman Islands! A...
![Bill Davidson’s $2.8 Billion Estate Tax Bill]()
by argoodlw | Aug 22, 2013 | Federal Tax Lien, Internal Revenue Service, Other Tax
The IRS Gets Fresher with Its Tax Debt Relief Program I recently had the pleasure of attending a tax seminar (hold the laughter) on updates to the IRS’ Fresh Start program. This program helps to erase tax debt. You can find out generally how the entire program...
by argoodlw | Jun 18, 2013 | Aircraft Business, Aircraft Income Tax Rules, Aircraft Sales Tax, Aviation News, Florida sales tax, Florida use tax, Internal Revenue Service, Tax Exemption
TIP # 13A01-07 DATE ISSUED: June 10, 2013 Effective May 20, 2013, the sales and use tax exemption for replacement engines, parts, equipment, and labor used in or for the maintenance or repair of rotary wing aircraft (i.e. helicopters) was expanded to include aircraft...
![Bill Davidson’s $2.8 Billion Estate Tax Bill]()
by argoodlw | Jun 12, 2013 | Federal Tax Lien, Internal Revenue Service, Other Tax
The IRS routinely issues federal tax liens against people who have unpaid tax debts. This tax lien, in real life, is actually paperwork that the IRS files with your local government. That paperwork lets the public know that you owe the IRS, and it has a right to your...
![Bill Davidson’s $2.8 Billion Estate Tax Bill]()
by argoodlw | Feb 19, 2013 | Aircraft Business, Aircraft Income Tax Rules, Aviation News, aviation tips, general aviation, Internal Revenue Service, Other Tax
SIFL rates are important numbers used to calculate the taxable income you receive when taking a personal flight on employer provided aircraft as a fringe benefit. The U.S. Department of Transportation recently released new SIFL rates for the 1st half of 2013 and...
![Bill Davidson’s $2.8 Billion Estate Tax Bill]()
by argoodlw | Oct 3, 2012 | Aircraft Business, Aircraft Income Tax Rules, general aviation, Internal Revenue Service, Legal Resources, Other Tax
Deduct your flying lessons: Can you take a tax deduction for your flying lessons? The short answer: yes, but it depends on your situation and the circumstances. To justify such a deduction, a taxpayer must show that the lessons are a reasonable and necessary...
