Conservation Easement Reform – 250% Is Too Much
This has been a big month in the struggle against abusive syndicated conservation easements. There were three Tax Court decisions disallowing over $30 Million in deductions. And now we have the IRS updated report that comes largely from the filings required by its Notice 2017-10.
If Spouse Is Behind Bars Think Before Filing Jointly
I have been noting these cases for a long time, and Joe takes the cake for the most egregious example of somebody who should not have filed jointly.
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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.