Brady Ware News

Tax Court Forced to Review Valuation Decision

Tax Court Couldn’t See the Forest for the Trees By Michael Stover, CPA/ABV The U.S. Court of Appeals for the Ninth Circuit recently forced the Tax Court to take another look at an earlier valuation decision in Estate of Giustina v. Commissioner. The Estate owned a 41% interest in a family-owned, limited partnership that owned…

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Ohio Appeals Court Determines that Taxes Are Not Certain

By Michael Stover, CPA/ABV Benjamin Franklin, in a letter to Jean-Baptiste Leroy in 1789, said, “In this world nothing can be said to be certain, except death and taxes.” But the Ohio Court of Appeals, in a recent domestic relations case, is of the opposite opinion, and it sought to clarify the matter. The husband…

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New Depreciation-Related Tax Breaks

New Tax Law Provides More Generous Depreciation-Related Tax Breaks If your business is buying new assets in 2018, you’ll be able to benefit in several ways under the new tax reform law, commonly referred to as the “Tax Cuts and Jobs Act” (TCJA), which was signed into law by President Trump on December 22. You…

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