Tax Implications of Hurricane Sandy
Deductions for Damaged and Destroyed Property The tax law allows you to claim an itemized deduction for personal casualty losses
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Casualty Loss Rules—Hurricane Sandy Victims
Victims of Hurricane Sandy may be able to claim a deduction for Damaged and Destroyed Property. The rules below describe
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Late Budget Deal Affects IRS Acceptance of 2012 Returns
The IRS recently announced that the end of year budget deal will cause the IRS start date for accepting returns
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Lessons Learned from MF Global
Another large bankruptcy involving the brokerage industry hit Wall Street recently and resulted is more pain for its’ clients. As has
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Student Loans Non-Dischargeable to Parent -Debtor
Student loans used to be dischargeable and many people forget that they are now non-dischargeable due to changes in the
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Art Dealer Convicted of Bankruptcy Fraud On Run for 5 Years for Bankruptcy Finally Apprehended
A bankruptcy Art dealer who plead guilty to 1 count of bankruptcy fraud was apprehended after 5 years on the
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Could Medical Marijuana Become an Ordinary and Necessary Expense Deductible under Tax Code For California and Other States Allowing Medical Marijuana Dispensaries ?
Several Congressmen have been receiving inquiries from their constituents about the legality of deducting expenses incurred when selling marijuana for
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Your Neighborhood Chevy’s, Friendly’s, Boston Market May be Closing due to Bankruptcy of Parent Company
Sun Capital Partners the parent company of big name chains such as Chevy’s, Friendly’s and Boston Market and El Torito
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Discharge Allowed to Stand for Debtor Later Found Guilty of Criminal Drug Sales
In an interesting case recently reported in (Consumer Bankruptcy News, vol.21, iss19, p, 3) involving both the bankruptcy and criminal
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New York State Offer In Compromise to become “friendlier”
Over the years York State Department of Taxation has had a difficult reputation for approving offer in compromise as compared to