Tax Planning Blogs

The Perils of Do-It-Yourself Tax Planning: Tax Court wholly denies $18.5 million charitable deduction for self-completed tax forms and appraisals (Mohamed, TC Memo 2012-152)

In a case of being “penny wise and pound foolish” a real estate appraiser and entrepreneur, who chose to prepare tax forms and supporting documents himself, was denied by the Tax Court  the whole charitable contribution deduction for $18.5 million of real estate...