Monday, March 12, 2007
On Friday, we blogged the Tax Court's decision in Stamoulis v. Commissioner, T.C. Summ. Op. 2007-38 (3/8/07), holding that an investment banker with Goldman Sachs in New York City who earned $115,000 could not deduct $55,000 in claimed charitable contributions for used clothing donated to a thrift store. Further developments from the MSM and blogosphere:
- Ryan J. Donmoyer writes about the case in a syndicated Bloomberg article, Goldman Banker Overvalued Donated Clothes, Court Says.
- Roddy Boyd has a brief report in the New York Post: Clothes Horse
- Peter Lattman has more on the Wall Street Journal's Law Blog: The Taxman Wears Prada
- David Lat blogs about the case at Above the Law, questioning how a Goldman Sachs investment banker could have earned "only" $115,000 (as a commenter noted, six years after getting her MBA) and linking to the high-end NYC thrift store. Another commenter supplied this picture of Ms. Stamoulis.
- John Carney has more at DealBreaker: Carrie Bradshaw Goes To Wall Street