Paul-Adams Quarry Tax Court Decision Challenged – A YTMP Exclusive
As you read the motion, does it seem like we lost? No. The opinion was already written. But we need media pointing out what taxpayers say in appellate briefs and motions for reconsideration. The IRS feels like they don’t have to show up. The Court will find for them.
Tax Court’s Third Strike on Hypothetical Mining Valuations: Paul-Adams Quarry and the Jones Day Theory Rejected Again
This is where we are now—the Tax Court now tells taxpayers how to conduct their businesses to MINIMIZE tax benefits.
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.