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.
Tax Court’s New DAWSON Document System Achieves New Low In Transparency
Judicial opinions serve many purposes: they assist attorneys in advising clients and preparing cases; they provide the lower court’s rationale when the appellate court must evaluate its decision; they inform the public of the court’s analysis; and they establish clear and articulate rules for the future.
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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.