The Missouri Bar - Archive (LPMMoney)
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2024
April
10,
2024
|
08:00 AM
America/Chicago
The tax court recently held that a purchase option in a family business resulted in a taxable gift.
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2023
August
09,
2023
|
13:16 PM
America/Chicago
The 8th U.S. Circuit Court of Appeals recently affirmed a district court decision that included insurance proceeds received by a company for redemption of a decedent’s shares in valuing the shares for purposes of the decedent’s estate. In Connelly …
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June
08,
2023
|
09:00 AM
America/Chicago
The tax court recently addressed a spouse’s claim for innocent spouse relief in the context of an unreported income case with respect to her spouse’s financial activities.
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April
19,
2023
|
07:31 AM
America/Chicago
The tax court recently held that taxpayers were entitled to deductions related to their ranch property despite ongoing losses relating to the activity. In Wondries v. Commissioner of Internal Revenue1 the tax court found that the taxpayers had …
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February
07,
2023
|
13:49 PM
America/Chicago
As 2022 wound down, Congress passed the Consolidated Appropriations Act, 2023, (“the appropriations act”) and President Biden signed it into law. The act includes the “SECURE Act 2.0” with multiple retirement-related changes that build on the …
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2022
December
13,
2022
|
09:16 AM
America/Chicago
As we approach the end of 2022, a variety of planning issues may be appropriate for year-end consideration. Individual taxpayers should consider applicable tax rates, the standard deduction, limits on itemized deductions, and multiple other …
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October
17,
2022
|
16:01 PM
America/Chicago
Scott E. VincentScott E. Vincent is the founding member of Vincent Law, LLC in Kansas City.
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August
22,
2022
|
11:20 AM
America/Chicago
The 8th U.S. Circuit Court of Appeals recently affirmed a tax court decision denying deductions for management fees paid to a corporation’s shareholders. In Aspro, Inc. v. Commissioner of Internal Revenue,[2] the Court of Appeals found that …
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June
06,
2022
|
15:01 PM
America/Chicago
The U.S. Tax Court recently addressed the tax treatment of up front payments a continuing care community business received from its residents, and the business reported as income in later years as called for under generally accepted accounting …
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April
13,
2022
|
14:07 PM
America/Chicago
The United States Court of Appeals for the 9th Circuit recently found that a disbarred lawyer who had specialized in tax fraud litigation was liable for income tax deficiencies and a tax fraud penalty.[2]
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February
09,
2022
|
06:00 AM
America/Chicago
By Jordan Turk, LawPayEvery pragmatic legal professional expects that some percentage of their billed services will not be paid. But even small fluctuations in a law firm’s collection rate can have a huge impact on its bottom line. So, the question …
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February
08,
2022
|
08:39 AM
America/Chicago
Scott E. VincentScott E. Vincent is the founding member of Vincent Law, LLC in Kansas City.
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2021
December
08,
2021
|
08:02 AM
America/Chicago
As COVID-19 continued to impact us in 2021, legislation with pandemic-related tax relief highlights tax planning considerations for this year-end, including provisions in the Coronavirus Response and Consolidated Appropriations Act (CAA 2021) in …
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June
02,
2021
|
07:00 AM
America/Chicago
By Amy Mann, LawPay People are used to the convenience of electronic payments and online bills. Many studies show most people expect businesses, including retail and service providers, to offer a wide variety of …
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April
06,
2021
|
17:17 PM
America/Chicago
Supreme Court Rule 4-1.11 is designed to limit potential ethical problems when lawyers move from government service to private practice and vice versa.
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February
09,
2021
|
13:28 PM
America/Chicago
By Jeffrey Schoenberger, Affinity Consulting Have you tried to compare products or services slightly off the beaten consumer path? Or well-known products for a non-marquee feature? Despite that product’s market being worth tens …
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February
03,
2021
|
14:14 PM
America/Chicago
The COVID-19 pandemic altered not only the world’s workforce, but also the particulars of the practice of law. Whether a lawyer is asked to self-quarantine to prevent further spread or if that same lawyer is adapting to working remotely, there …
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February
03,
2021
|
14:12 PM
America/Chicago
As 2020 wound down, Congress took additional action to respond to the COVID-19 pandemic and related economic challenges with individual and business tax relief. The Consolidated Appropriations Act, 2021 (collectively the Act) includes three separate …
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2020
December
10,
2020
|
09:17 AM
America/Chicago
The 2020 pandemic and economic crisis have brought tremendous upheaval for many taxpayers. As this article goes to press, we appear to have a change in the White House and control of the Senate is undecided. In addition to these challenges, …
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2019
April
01,
2019
|
15:07 PM
America/Chicago
Trends in other industries make it clear that lawyers must prepare for ransomware attacks. Here’s how to get started.
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