Need Form for Dependency Deduction
Thus, without her signature on a form that releases her claim to the dependency exemption deduction, petitioner failed to satisfy section 152(e)(2)(A) and may not claim L.W.K. for the purpose of receiving the exemption.
LLC Member Not Presumed to be Passive
This was originally published on PAOO on August 30th, 2010. In Action On Decision 2010-002 the IRS acquiesced in a Court of Claims decision (Thompson v. US 104...
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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.