November 17, 2004

News & Opinion: Not a Way to Sell Books

By: Dylan Schleicher @ 3:22 PM – Filed under: Management & Workplace Culture

This snippet titled "But Not Great for Book Sales" [sub. needed] from Janet Novack in the Nov. 29th issue of Forbes:
Mervyn L. Hecht, author of How to Make Money With Stock Options: A Basic Guide for the Conservative Investor, is in U.S. Tax Court fighting a decision to disallow a loss of $273,515 he claimed in 2000 from an options trading partnership. Calling the structure a sham tax shelter, the [IRS] also assessed Hecht, who lives outside Los Angeles, $81,620 in additional taxes and penalities. The Havard Law-educated Hecht, whose resume reports that he served as a consultant for law firms on options cases adn also sat on arbitration panels, asserts that the investment strategy he pursued was absolutely legitimate.

About Dylan Schleicher

Dylan Schleicher has been a part of the 800-CEO-READ claque since 2003. Even though he's stayed on at the company, he has not stayed put. After beginning in shipping & receiving, he joined customer service and accounting before moving into his current, highly elliptical orbit of duties overseeing the ChangeThis and In the Books websites, the company's annual review of books and in-house design. He lives with his wife and two children in the Washington Heights neighborhood on Milwaukee's West Side.