Here Is The First Post On A 2019 Tax Court Decision
The name of the petitioner is, of course, public record and you can easily find it, but it is one of those cases where I figure the taxpayer does not need me to help him be more famous so I will call him Joe. The case is pretty much a mess and I would normally skip it, but I figure my readers must also be suffering from Tax Court Withdrawal Syndrome.
Where Convicted CPA May Have Gone Wrong
Back to 2012, when Berger’s staff raised the issue. At that point, the only thing that was clear was that Berger’s firm in following the management company’s numbers might have adopted an incorrect accounting method in 2007 or 2008, when the extra money started coming out of the fund. The dollars had gotten pretty big, so you really should not try to unscramble that egg on your own.
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.