Through The Hoops
Update The Tax Cuts and Jobs Act has added a new hoop. It conveniently comes at the end. Code Section 461(l) disallows excess business losses, Here is an example form...
Time For Robin and Terry To Amend
Originally published on Passive Activities and Other Oxymorons on February 23rd, 2011.____________________________________________________________________________ This...
Follow Me
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.