Deconstruction – CPA Calls For Appraisal Standards For Deductions
My recent post titled Tax Court Demolishes Deconstruction Deduction seems to have struck a nerve. The feedback I have gotten indicates that Second Chance Inc., the...
Gay Rights, Religion And Dinosaurs – My Top Tax Stories Of The Decade
I picked these three story arcs because they ran so long and raise so many other issues. They are not the only controversial activities I have covered. More importantly, they have not distracted me from the practical focus as I have provided lessons on not blowing off 1099s, thinking carefully about filing joint returns and being bold in claiming “hobby losses” among other things
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.