Paycheck Protection Moving In The Senate
There is nothing in either of the two pieces of HEALS that have been released on deducting expenses that are funded by forgiven PPP loans. The IRS in Notice 2020-32 ruled that the expenses were not deductible, which seemed to contradict what Congress intended when it deemed the forgiveness not taxable.
Clearing that up one way or the other would avoid a lot of litigation in the coming years.
Paul Hansen And Kent Hovind Go To A Bridge Tournament To Play Crazy Eights
I prefer board and card game analogies. Litigation is like a duplicate bridge tournament. There are strict rules about when you can bid and you have to be open about what your bids mean. There are also strict rules about how you play. And there is the etiquette on top of that. I like to say that Hovind and Hansen go into court and play crazy eights because that sounds funny. What they actually play is TEGWAR – The Exciting Game Without Any Rules, which ironically is explained in a baseball movie Bang The Drum Slow (go to 0:46)
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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.