Northwestern Whole Life Policy Creates Tax Disaster – Again
Originally Published on forbes.com on January 19th, 2012 ______________________________________ Life insurance is a tax favored vehicle. The build-up in value is tax...
Is Tax Court Decision End of Colorado Conservation Range War ?
If you are considering a conservation easement donation, be sure to use an organization with a long-established track record and significant resources. Don’t do it unless you have a sincere desire for the property to be preserved. And when it comes to the valuation, there is being aggressive and there is being crazy. As we used to say at Joseph B. Cohan and Associates, “Pigs get fed. Hogs get slaughtered.”
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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.