Paycheck Protection Program – Think Fast. Make Mistakes
I don’t think this concern should slow you down in applying, but it needs to be resolved before the eight-week clock starts. If you ask me why it is that way I will give you an answer after you explain to me how it was on Gilligan’s Island that they had so many clothes, given that it was only a three-hour cruise.
Tax Court Blesses 35% Valuation Discount On Investment Family Limited Partnership
Pierson M. Grieve former CEO of Ecolab, Inc heard from the Tax Court earlier this month and the news was good. Judge Kerrigan pretty well knocked out a deficiency notice for a 2013 gift tax and penalty of over $5,000,000. It is a family limited partnership valuation decision – somewhat more fun than watching paint dry.
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.