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• Forbes Finance

  • The 250 Million Dollar Cezanne: What Does It Mean To You?
    Vanity Fair announced the story the other day, but it was Josh Baer of BaerFaxt who first broke it in 2011: the purchase of Cezanne?s "Card Players" for $250 million from the estate of Greek shipping magnate George Embiricos.  While no one had actually announced the identity of the buyers, the size of the purchase made it reasonably obvious to most […]
  • Be Prepared to Prove the Time You Spend on Losing Side Activities
    If you have a lucrative day job and lose money on a different business activity, be warned.  The IRS will not believe what you say about how you spend your time and the Tax Court will be skeptical.  That is the main lesson in these two cases. […]
  • What Hyundai Didn't Include In Its Super Bowl Ad
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  • In my dream I explained why 2011 was not a financial mulligan
    Recently I was asked to review the asset allocation for a retirement account. The return for the year 2011 was minimal and they had written "Mulligan" on the statement. […]
  • Top Tax Tips From Zuckerberg's Facebook Bonanza
    The revelation that Facebook?s Mark Zuckerberg plans to exercise $5 billion worth of stock options before his IPO suggests his 2012 tax bill could be close to $2 billion! See Zuckerberg's 2012 personal income tax bill: $1.5 billion. If size matters, that will make Zuckerberg The Incredible Hulk of Taxpayers. After all, the 400 wealthiest filers only ave […]