Paycheck Protection Certification – No Harm No Foul
Basically nobody who had an actual business and did not blatantly lie on the application will have cause to regret having chased PPP money. Given the speed which the program was thrown together and the vagueness of the certification, this is clearly the right answer.
If there was an attempt to penalize companies because they were being piggy in applying, litigation would have dragged on for years. I might have found it entertaining, but no good would have come of it.
Trump Abandons Dock Dispute But State Income Tax Exposure Remains
But the matters uncovered in the dock dispute, raise a big red flag on the effectiveness of President Trump’s switch. There was a contract uncovered that indicated that he could not use Mar-a-Lago as a residence-that he could not stay there more than three non-consecutive seven day periods just like any other member of the club.
And that brings us to the question of domicile. It is possible that more than one state can tax you as a resident based on how much time you spend there and some other factors (It’s called the New York rule), but you will almost inevitably be taxed as a resident in your state of domicile even in years when you spend no time at all there.
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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.