Jones Day Argues New Approach To Valuation In Recent Tax Court Cases
Jones Day was making an argument that would account for property being valued for a conservation easement at a multiple of the value that it had recently changed hands for.
IRS Liens To Be Enforced Against Glen Stoll’s Property
“As federal agents prepare the paperwork to sell off the last symbol of Stoll’s financial fantasy, one can’t help but see the irony: a man who built a career helping others “protect” assets couldn’t even protect his own front door.”
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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.