NOL Gives IRS Second Chance to Disallow Deduction
Originally Published on forbes.com on December 6th, 2011 ______________________________________ After an IRS audit has been completed you will generally think of...
San Francisco Loses Large Tax Case Against Catholic Church
Originally Published on forbes.com on December 6th, 2011 ______________________________________ A California Superior Court has ruled against the City of San Francisco...
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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.