Judge In Tax Protester Case Pushed IRS To Investigate Promoter Glen Stoll
Stoll had been blatantly violating a federal court injunction for 15 years and the government did nothing. The United States and IRS CID focus far too much on the victims of these tax fraud promoters and not nearly enough on the systemic and institutional threat that Stoll’s financial terrorism represents. Low hanging fruit like the Brady’s should never have been at the top of the government’s list. It is an embarrassment that Mr. Stoll would have continued to thumb his nose at the government except for the strong, and unusual, intervention by Judge Jones to demand that, in addition to the Brady’s, Stoll be investigated and prosecuted.
Reuse Appraiser Pleased IRS Finally Taking Action On Abuses
A lot of emphasis is being placed on proper protocols within our industry and the pros and cons of specific practices are being considered. Appraisal associations, the IRS, TAF, USPAP, and industry stakeholders are all contributing to this effort. While the Mann and Loube cases do little to affect change within the reuse appraisal specialty, simply having the outcome available to set precedence is a powerful tool and eliminates the unchecked perpetuation of the practices and methodologies outlined in the case.
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.