Tax Free Tips For The Piano Man?
So it would appear that whether Bill would qualify for the tips deduction may depend on whether he is an employee or an independent contractor. He passes the occupation test in either case. If he is an independent contractor, however, it would seem that the trade or business involved arguably falls under performing arts and hence denies him the deduction.
Jones Day Easement Valuation Theory Faces Eleventh Circuit Test
A knowledgeable willing buyer would not pay, for one of the assets needed to conduct a business, the entire projected value of the business
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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.