Andrew Filipowski And IRS Collections – Memories Of The Dot-com Bubble
Another piece of bad timing that Filipowski engaged in was how he dealt with his personal tax liability from his share of the Platinum deal. 1999 was also the peak of the tax shelter boom. Major law firms and accounting firms financially engineered investment transactions that artificially inflated basis in assets.
Get Thee To A Nunnery
It is a fascinating story. The government was seeking to foreclose federal tax liens and a judgement lien against parcels of real estate located at 65 and 69 Tompkins Street Pittston PA to collect tax judgements they had obtained against Mr. Kistler. Mr. Kistler had a plentitude of objections and counterclaims for Judge Munley to mull over. The parcels add an interesting element to the story.
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Over and over again courts have said that there is nothing sinister in so arranging one’s affairs as to keep taxes as low as possible. Everybody does so, rich or poor; and all do right, for nobody owes any public duty to pay more than the law demands: taxes are enforced exactions, not voluntary contributions. To demand more in the name of morals is mere cant.