Tax Warrior Chronicles

Land Developer Can’t Use Completed Contract Method

Posted on Tue, Jun 03, 2014

The Howard Hughes Company, LLC, et al. v. Commissioner, (2014) 142 TC No. 20

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2013 Year-end Tax Planning: When C Corps Should Defer or Accelerate Income

Posted on Mon, Oct 28, 2013

As year-end approaches, most clients ask what is on the tax horizon for 2014. Tax discussions in Washington continue and some are predicting the possibility of higher taxes. But honestly, no one really knows. So for now, effective tax planning strategies focus on the mantra“if you can’t eliminate or reduce the tax, the next best thing is to defer it.”  This includes C Corporations, which, like individuals, should decide when and how to structure transactions of income and deductions between 2013 and 2014 based on current tax laws.

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