What's New
In this section you will find discussions of and links to all the latest Tax Prophet additions. What's New? The Tax Prophet has been completely redesigned, including this new section, to help you find the information you want.
 Find the Latest FAQ's and Hot Topic Postings.
Visit the Tax
Prophet's Trophy Case.
Try the Search Engine or Site Map.
For a
comprehensive listing of tax and legal sites, gateways and directories, check out the
recently updated Cybersurfing Page. Use it as a
research tool to locate tax and legal information on the Web.
TV Appearances - Video Clips - added 11/10/01
1. Power Lunch - CNBC - AMT/ISO Interview (3/19/01).
2. CNN - Tax Scams on the Web - Senate Finance Committee hearing
involving tax and trust scams on the web (4/5/01).
3. CNNfn - Tough Call - AMT/ISO Discussion - A debate regarding reforming the
AMT (7/5/01).
4. Tech TV - Corporate Tax Deductions for Non-Qualified Stock Options.
Tax
Class New classes added: 10/31/02
Off-Shore
Asset Protection Schemes
Tax Publications: New Memos Posted 9/10/01
Tax Consequences of Damages Received For Casualty Loss of Principal Residence
Trusts
with Appreciated Real Estate Should Consider Using an LLC as an Investment Entity
Estate Planning and
Taxation of NRA (British) Spouse
If you think
you can avoid paying income taxes by using a "Pure," "Pure Equity," or
"Constitutional" trust, check out the Tax Prophet's new Tax and Trust Scam Bulletin Board and save yourself a lot of
money and potential grief!
 April
5, 2001 -- Tax Prophet Testifies at Senate Finance Committee Hearing Regarding Tax
Fraud on the Web.
At a Congressional hearing covered by major new organizations, Robert Sommers was one
of five tax experts testifying before the U.S. Senate's Finance Committee. Mr.
Sommers spoke about the "pure trust" tax scam and how the web has increased the
number of con artists promoting it. Parts of his testimony appeared on CNN news and
in the New York Times.
 FAQ's
January, 2003: Capital Loss on Residence Worthless
Stock
Tax-free Exchange with Related Party Sale by Irrevocable Trust
Hot
Topics December, 2002 - Update on Asset
Protection Planning, part 2 of a 2-part series
FAQ's
December 2002: Gift of Principal Residence Residence
Exclusion
Foreign Company Conducting Business in U.S. Foreign Ownership of U.S. Bank Account
Hot
Topics November, 2002 -
Update on Asset Protection Planning, part 1 of a 2-part series
FAQ's
November, 2002: Foreign Corporation with U.S. Subsidiary Delinquent Payroll Taxes Payment to Abandon a Tenancy Estate Transfers without Probate
Hot
Topics October, 2002 - IRS Switches Auditing Gears
– Goes After Wealthy Tax Cheats
FAQ's
October, 2002: Loan Forgiveness as a Gift Deducting
Educational Expenses Adding Child's Name to Real Estate Title Same-sex Couple and Estate Planning
Hot
Topics September, 2002 - AMT Meets ISO -
Thousands of High-Tech Employees are Devastated, part 2
FAQ's
September, 2002: Married Filing Separately
vs. Jointly Renting,
Then Selling a Residence Income from a Q-TIP Trust Sale of a Multiple Ownership Residence
Hot
Topics August, 2002 - AMT Meets ISO - Thousands of
High-Tech Employees are Devastated, part 1
FAQ's
August, 2002:
Stock Trading by Foreigner Part-Gift, Part-Sale of Principal Residence Tax
Liability of Surviving Joint-Tenant Deductions for Foreign Dependent
Hot
Topics July, 2002 - Is IRS Losing the Battle
Against Tax Cheats
FAQ's
July, 2002:
Partial Sale of Residence Sale of Residence Used Partly for Business Tax
Consequences of "high-yield" Internet Investment Paying Employee Bonus as Independent
Contractor Fee
Other Recent FAQ's and Hot Topics
Hot
Topics June, 2002 - Changing the Way Married Couples
Hold Title in California
FAQ's
June, 2002: Gain From a Second Home Sale Capital Loss Carryforwards Criminal Liability for Non-payment of Taxes Income Taxed to the Person Earning It
Hot
Topics May, 2002 - IRS Audits Target Wage Earners, Not
the Wealthy, part 2
FAQ's
May, 2002: Transfer of Residence to
Revocable Trust Foreign Earned Income Credit Taxation of U.S. Residents with Foreign Investments Medical Insurance Deduction
for Small Businesses
Hot
Topics April, 2002 - IRS Audits Target Wage Earners,
Not the Wealthy, part 1
FAQ's
April, 2002
- Valuing a Bond When Company is Bankrupt Reward for Proving a Tax Protestor
is Wrong
Who Pays Estate Tax When Surviving Spouse Dies? Real Estate Investor and Schedule C
| 
