Category Archive: Vance Maultsby

girl giving gift

3 strategies that can be used to increase your charitable giving “bang for the buck”

Do you make charitable contributions? If so, read on. We may be able to help you cut the costs of charitable giving – or increase the size of your contributions without costing any more in ...

OK, President Trump. Game On!

I was planning to pen a short note wishing all my clients, friends and readers a happy and prosperous 2018.  Plans change. On Thursday, December 28, President Trump told the New York Times that he ...

Making Laws and Sausages: Not A Pretty Sight

My Comments on December 4, 2017: A quote attributed to 19th century German Chancellor Otto von Bismarck crosses my mind frequently of late.  “Laws are like sausages.  You should never watch them being made.” He ...

IRS: The Nice Guys Once Again

About two weeks before the wildfires struck northern California, my wife and I spent a few days in Napa Valley.  We went to a stunning estate to celebrate the perfect nuptial ceremony featuring a beautiful ...

The Tax Court Likes Hockey

Usually, the income tax deduction for meals and entertainment is equal to half the amounts spent for meals and entertainment.  There are some exceptions, one of which is where the meals are a de minimis ...

Hey Vance, Can I Deduct the Costs of my MBA?

On occasion, I am asked if a taxpayer can deduct the costs of graduate education.  I consulted with a client about deducting the costs of his MBA as recently as a month ago.  I confidently ...

Trump’s Tax Plan – Kind of Like a Butt Sketch

First, let me acknowledge that Butt Sketch is trademarked by Krandel Lee Newton.  I give him all the well-deserved credit for the term and the concept.  Mr. Newton and his crew of associate Butt Sketchers ...

Fleischer – Unsettling News for Independent Wealth Advisers

This is a very long blog because it is an important, complicated and current topic! I am privileged to count among my clients some of the elite wealth advisers in the Dallas-Fort Worth area. I ...

POOF! $64 Million Charitable Contribution Deduction Disappears

Alright, the facts in the case are a bit more complex than a “poof.”  But it got your attention for my at-least-annual reminder to obtain a contemporaneous written acknowledgment (“CWA”) from the donee for any ...

Happy New Year 2017! A Little Gift

I was cleaning out my “blog topic” file this morning and readying for the new year.  I found a note that I should send this link to my friends and readers. The IRS website is ...

Hey Vance, How Long Should I Keep My Tax Records?

Regularly, I am asked how long one should keep tax records.  This is an important and straight-forward question.  My usual answer is less direct: “it depends.” As you can see below, that’s a pretty good ...

FEARLESS FORECASTS

Warning:  Take anything that I forecast with a grain of salt.  Along with most of the civilized world, I predicted wrongly the outcome of the 2016 presidential election. Once I overcame the shock of the ...