War On Easement Deductions- $30 Million Denied In Three Cases
It has nothing to do with the case, but the history of Aiken County is fascinating. It was formed during Reconstruction and formerly enslaved African Americans had a strong role in its governance. It was the site of the Hamburg Massacre in 1876, which was a big step in the ultimate disenfranchisement of African Americans. Quite a few people I know are pretty jittery about the upcoming 2020 election. It will be no comfort to them, but I think that whatever happens in the 2020 election won’t be nearly as bad as 1876.
Tax Court Denies Millions In Easement Deductions
The Tax Court gave a one-two punch to conservation easement deductions with its decisions in the case of Nathaniel and Stella Carter on February 3rd and Railroad Holdings LLC on February 5th. Judge Halpern had the Carters and Judge Gustafson was working on Railroad Holdings.
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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.