And Another Purge
If you were supposed to send somebody a 1099, you were supposed to ask them for their social security number of EIN. Since you didn’t ask they didn’t give it to you. Therefore you should have subjected their payments to back up withholding. It’s a nightmare. You can get out of the back-up withholding by getting them to sign a form swearing they reported the income. Good luck.
Let The Sun Shine In
I’m going to do this as a bonus post because I don’t have the ability to expand on it much. They have figured out a way to make a “curtain wall” of glass where all the windows are, in effect, solar panels. The Service has ruled that even though such a wall is clearly a “structural component” of the building, the entire cost is still subject to the 30% energy credit. That’s a great credit since it is one that can be used against the AMT (The only thing better is a refundable credit).
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.