Amended Return Will Not Shorten Six Year Statute
Originally Published on forbes.com on July 31st, 2011 ______________________________________ As I mentioned in a previous post, I have accumulated quite a few items...
S Corporation Rental Income Not Passive Except When It Is
Originally Published on forbes.com on July 31st, 2011 ______________________________________ Private Letter Ruling 201118011 A C corporation is a taxable entity. ...
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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.