Cecile Barker And Why You Need To Keep Records Longer Than You Thought
So to review the bidding Mr. Barker received a statutory notice of deficiency calling for an additional tax of $1,259,279 and an understatement penalty of $252,090 in September of 2014. Rather than saying “Yeah, whatever” and sending in $1,511,369, he went to Tax Court largely relying on his massive NOL to clean things up. On March 11, 2019 Judge Pugh issues the final decision in which he owes $1,805,924 in Tax and $451,481.13 in late file penalty.
New York AG Supports Community Group In Battle With AIG Over Tax Credit Property
The not for profits have been vigorous in making their argument to the public, whereas the investors have saved their arguments for the actual courts, where they are doing well at least at the federal level. It seems like the only people defending them in public are a couple of people that show up in my twitter feed.
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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.