Crackdown On Conservation Easement Syndications
I got an off the record comment from a businessman who had recently been looking into investing in one of these deals (from a different promoter) and decided to pass. He told me “There was not a single person who I spoke to who understood what they were who thought they should exist …” I have to say that before this announcement I would have told somebody who asked me about investing in one of those things, that I didn’t think they should work, but there is a good chance that they would. At least for the moment, more seems to be right with the world.
IRS And Marijuana – Reefer Madness – Tax Court Harborside Decision
Harborside was a C corporation owned by DeAngelo and his partner, but during the years under consideration, it had to operate on a non-profit basis. In 2018, California law became more liberal allowing among other things Mr. Wykowski to become the first person to buy a non-medical gram legally in California and for Harborside to go public. That’s now, but of course, the Tax Court decision was about then. To comply with the not for profit requirement, Harborside used any profits to provide additional services to the patients.
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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.