Peter J Reilly covers taxes with a view toward practical advice, humor and the interaction of taxes with other issues such as religious liberty and gender equity. He has been a Forbes contributor since 2011. He covers tax legislation with a view to its effects on individuals. He writes about court tax decisions, most commonly those of the United States Tax Court finding practical lessons and interesting, sometimes humorous stories. Among the long story arcs he has followed are the disputes about the constitutionality of the Defense of Marriage Act, the exclusion from income of cash housing allowances to member of the clergy and abusive conservation easement syndications. He has distilled the lessons learned from over 40 years as a CPA focusing on taxes into his book Reillyโs Laws of Tax Planning (& Life!).
Jones Day Easement Valuation Theory Faces Eleventh Circuit Test
The appeals of Ranch Springs and Beaverdam in the 11th Circuit promise to be exciting thanks to the extreme positions staked out by Judge Lauber and Jones Day.
As IRS Withers Tax Pros Still Urge Compliance
How do you deal with the knowledge that with reduced enforcement just about anything done on returns that does not create a mismatch will probably get by ?
Reflecting On IRS Cuts - Should You Still Be Compliant?
At the 0.2% rate your chance of no audits on 100 returns is 82% and the chance that you will never face an audit in a 40-year career is 92%.
The End Of โSmellyโ Arguments? Tax Court Targets Conservation Easement Abuses
Continuing to pursue similarly incredible, nonsensical, and quite frankly, smelly arguments may result in sanctions on petitioner or its counsel
Oklahoma Supreme Court Denies Income Tax Exclusion To Native American
The United States Supreme Court's declarationโ113 years after statehoodโthat nearly half of Oklahoma is a reservation is unprecedented.