Cooperative Glitch In Tax Bill May Mean Food Fight In Congress
The glitch is the result of the way TCJA was pushed through Congress. 1986 was real tax reform. There was a lot of upfront work and it was bipartisan and revenue-neutral. They still needed technical corrections, but those were doable. There was no gaping loophole like this one created, which seems to demand a fix that may be politically infeasible.
Florida Man Sticks Ex With Tax Bill – Tax Court Helps A Little
Evaluating all of the facts, we conclude that it would be inequitable to hold petitioner liable for any of the tax liability associated with business because of petitioner’s relative lack of sophistication and the roles of _______ and petitioner in their marriage. Here we take into account petitioner’s credible testimony that __________ had convinced her about his business prospects, his duplicity throughout their marriage, and his verbal abuse. On this record it would not be equitable to require her to pay his liability. Therefore, we will grant petitioner relief from joint and several liability under section 6015(f) for the taxes associated with _______ 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.