A Tax Season Like None Other
If things went well, April 15 was anticlimactic. The last of the returns and extensions were out in the morning and we would sit around playing cards ready to respond to emergencies. Around five or so we would go out drinking. Caffeine, nicotine, and alcohol – the three food groups of a typical eighties tax season.
Paycheck Protection Program – Maybe Next Week
It reminds me of a joke about umpires talking about what constitutes a ball or a strike. The final grizzled old umpire says “Somes I calls ball. Somes I calls strikes. They ain’t nuthin till I calls em.”
Effectively your umpire is going to be the bank using the rule book that the SBA has not yet written.
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.