Charlie Sheen Income Tax Woes – Things Are Looking Better
If you have spent your life being compliant, in the back of your mind you might think that if you fail to send in the balance due on your return, that within days a team of ninja IRS agents will drop into your backyard and commence auctioning off all your possessions. That is not the way it works.
The Stuff That Dreams Are Made Of – The Rise And Fall Of Malta Pension Plans
When the IRS dropped its guidance, it was like watching a chess game played in a sitcom, where one player is “beating” his opponent, only to be shocked when his opponent suddenly announces checkmate. There is no such thing as a mate-in-one in serious chess. I thought the same was true of tax planning. Apparently I was wrong.
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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.