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Hobby Loss Roundup

Hobby Loss Roundup

Although I fell in love with Section 183 cases because they tend to be such great stories and so amusing, that will not be the focus of my seminar. My study of the case law and detailed analysis of over 300 cases has caused me to conclude that key elements of the section are misunderstood by many practitioners (and the public which pretty much goes without saying) and that practitioners tend to be too conservative in counseling clients. The focus of my seminar will be coaching clients and winning audits.

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District Court Tosses Interesting Likely Frivolous Tax Argument Out On Standing

District Court Tosses Interesting Likely Frivolous Tax Argument Out On Standing

The uniformity rule also applies to “incorporated territories”.  As most people see it, there is not much in the way of incorporated territory since Alaska and Hawaii became states in 1959.  There is some. 4.6 acres with no permanent residents – Palmyra Atoll.  Brian sees it differently.  He thinks Puerto Rico is an incorporated territory because it is clearly on the road to statehood.

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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.