Tuesday, June 2, 2015

Artists Rejoice! Tax Court Concludes Painter's Activity Isn't A 'Hobby'

I am a Tax Partner in WithumSmith+Brown's National Tax Service Group and the founding father of the firm's Aspen, Colorado office. I am a CPA licensed in Colorado and New Jersey, and hold a Masters in Taxation from the University of Denver. My specialty is corporate and partnership taxation, with an emphasis on complex mergers and acquisitions structuring. In the past year, I co-authored CCH's "CCH Expert Treatise Library: Corporations Filing Consolidated Returns," was awarded the Tax Adviser's "Best Article Award" for a piece titled "S Corporation Shareholder Compensation: How Much is Enough?" and was named to the CPA Practice Advisor's "40 Under 40."

In my free time, I enjoy driving around in a van with my dog Maci, solving mysteries. I have been known to finish the New York Times Sunday crossword puzzle in less than 7 minutes, only to go back and do it again using only synonyms. I invented wool, but am so modest I allow sheep to take the credit. Dabbling in the culinary arts, I have won every Chili Cook-Off I ever entered, and several I haven't. Lastly, and perhaps most notably, I once sang the national anthem at a World Series baseball game, though I was not in the vicinity of the microphone at the time.

Contact Tony Nitti

The author is a Forbes contributor. The opinions expressed are those of the writer.

Monday, June 1, 2015

Hennessy Japan Fund Comments on Ryohin Keikaku Co., Ltd.

Among the strongest performing stocks in the Fund during the period were … and Ryohin Keikaku Co., Ltd. (TSE:7453), the operator of the MUJI brand retail chain store. Finally, shares of Ryohin Keikaku Co., Ltd. surged 18% due to the solid earnings announcement for its fiscal year ended February 28, 2014, and the upbeat guidance for the new fiscal year. The Fund continues to hold all of these positions.

From Hennessy Japan Fund's Semi-Annual Report April 30, 2014.

Also check out: Hennessy Japan Fund Undervalued Stocks Hennessy Japan Fund Top Growth Companies Hennessy Japan Fund High Yield stocks, and Stocks that Hennessy Japan Fund keeps buying
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