IRS Conducts Examination Without Coordination Or Clarity
A Tax Court decision last week gives a clear demonstration of the sad state of IRS compliance efforts and a clever though fruitless argument by the taxpayer.
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.
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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.