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Posts Tagged tax lawyer

Trickle Down Economics? – Maryland Debate’s “Rain Tax”

by Brian Mahany While serving as Maine’s state revenue commissioner in the 90′s I had to deal with hospital taxes (the so called “sick tax”) and taxes on snack food (often called the Girl Scout cookie tax). Lobbyists can get pretty creative with labels, usually in an effort to defeat a tax proposal or at [...]

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IRS Taxpayer Advocate Slams Congress For Complexity Of Tax Code

by Brian Mahany We are big fans of Nina Olson, the IRS’ National Taxpayer Advocate. Although understaffed, her office is the last line of defense for taxpayers “stuck in the system” or unable to find answers to their questions. I liked the concept of an independent voice so much that I created the position in [...]

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Can Taxes Be Discharged In Bankruptcy?

by Brian Mahany “Can taxes be discharged in bankruptcy?” is a question we hear frequently. The general answer is yes, but the question is not as simple as it sounds. IRS tax debts are dischargeable if all of six criteria are met.  The same rules generally apply for state tax debts. Property taxes are a [...]

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What Do Pamela Anderson and Lindsay Lohan Have In Common? Tax Liens!

by Brian Mahany Not since the ill-fated prosecution* of actor Wesley Snipes has the IRS mounted such an assault on the Hollywood elite. Pamela Anderson, Lindsay Lohan and actor Stephen Baldwin have all been in the news in recent weeks because of unpaid taxes. Baldwin was arrested while Anderson and Lohan are still in the [...]

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Captive Insurance Scams

by Brian Mahany It didn’t take long. On July 18th we wrote about the new IRS audit push on captive insurance companies. Unless very carefully crafted, the IRS considers most to be abusive tax shelters. This means big penalties if you misuse one to avoid taxes. Unfortunately, the captive insurance market has attracted its fair [...]

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419 Plan Holders Lose Major Appeals Court Decision

by Brian Mahany A decision last week may mean the end of any hope for relief by holders of welfare benefit plans. In April of last year, we reported on the Curcio decision in which the U.S. Tax Court ruled against 4 people that had purchased welfare benefit plans marketed by Benistar 419 Plan Services. [...]

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