Some Stubborn People
Originally published on Passive Activities and Other Oxymorons on April 29th, 2011. ____________________________________________________________________________ Patrick...
Tax Court Sticking with Three Year Statute on Basis Overstatements
Originally published on Passive Activities and Other Oxymorons on April 27th, 2011. ____________________________________________________________________________...
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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.