Tax Court Exposes Conservation Easement Syndication Process
The Court shares the Commissioner’s frustration with the mix of sophistry and cupidity at the heart of this transaction, as well as the utter waste of time and money spent in untangling the ins and outs of this abusive scheme. Fraud this was not, however.
Anatomy Of An AI Hallucination
Yes, this is a classic example of what people mean by “AI hallucination.” In AI terms, hallucination refers to when a model like me generates information that sounds plausible and confident but is actually inaccurate or entirely fabricated, often due to patterns in training data, misinterpretation of context, or gaps in reasoning from available sources. In this case, I pieced together X discussions, links,
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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.