Faster Basis Recovery Allowed When Earn-out Payments Unlikely
Originally published on Passive Activities and Other Oxymorons on May 25th, 2011. ____________________________________________________________________________ Private...
From The Boston Tax Institute
Originally published on Passive Activities and Other Oxymorons on May 24th, 2011. ____________________________________________________________________________ Boston...
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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.