A recent case illustrates the importance of strictly complying with the substantiation requirements (including the contemporaneous written acknowledgement requirement) for a charitable contribution deduction under § 170. In the case, the taxpayer donated to a museum items from a collection of Native American jewelry and artifacts. As part of that donation, the taxpayer and the
Taxes
The 2022 proxy season is underway, and it is chaotic. At Shell PLC’s recent annual general meeting, climate protestors bombarded the room, reportedly gluing themselves to seats, forcing company Chair Andrew Mackenzie to delay the meeting until they were all cleared out. At Twitter, the specter of Elon Musk’s pending $44 billion takeover hung over
Today’s Social Security column addresses questions about how and when spousal benefits can be available for each spouse in turn, drawing divorced spousal benefits with multiple exes and when first payments can be expected. Larry Kotlikoff is a Professor of Economics at Boston University and the founder and president of Economic Security Planning, Inc. See
The Supreme Court does not muck around with Tax Court decisions very much. So Boechler, P.C v, Commissioner of Internal Revenue has a small but passionate group of people excited. It was a unanimous opinion delivered by Amy Coney Barrett. She managed to work in a hat tip to the late Justice Antonin Scalia, whom
A new report from the nonpartisan Congressional Budget Office shows that the amount of money spent by the federal government each year to service our national debt is on track to reach unprecedented highs within the next 10 years. These findings should give Congressional Democrats renewed urgency to pass a reconciliation bill that reduces federal