Cost Segregation Consultant Subjected To Severe IRS Penalties
There are two types of quality. One is the technical quality, which will make the report stand up on audit. The other is how much the thing is saving you by pushing as much as conceivably possible into the five-year category. The second factor can create a race to the bottom in terms of the first factor. That is the tension poor P ran into and at least in the eyes of the auditor P got a little carried away.
Appeals Filed On Ruling That Exemption Of Clergy Housing Allowances Is Unconstitutional
The United States and intervenors represented by the Becket Fund have filed appeals in the Seventh Circuit challenging Judge Barbara Crabb’s October ruling that tax exemption of cash housing allowances to “ministers of the gospel” violates the Establishment Clause of the First Amendment.
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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.