IRS Keeps Percentages Paid Private Collection Companies Secret
Anyway to a layman to the mysteries of FOIA, I don’t find the argument for non-disclosure very compelling. ConServe is worried that if other companies knew what they were charging to contact delinquent taxpayers, those companies might offer to do it for less. Like that would be a bad thing. I think it would be a good thing and I thought it might just be me and Mr. Hodes, but as it turns out that is not the case.
Billion-Dollar Tax, Penalty And Interest Charge Against Exelon Upheld By Seventh Circuit
There is a lesson there for tax planners. Despite its efficiency, e-mail, with multiple copies might not always be the optimal way to communicate, particularly when you are trying to get your story straight. The zeal of the lawyers to have the appraisal language “just so” (because God knows CPAs can’t write) contributed to the client going out of pocket an extra $87 million (plus interest).
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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.