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Taxpayers Blindsided By Obamacare Lose In Tax Court

Taxpayers Blindsided By Obamacare Lose In Tax Court

There is an interesting practice question here.  Dependency is a matter of fact, not an election, but when it comes to older kids not living at home, it can be treated as, in effect, an election.  Preparers need to be alert to the health care credit implications of claiming a dependent and weigh that against other benefits.

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Advocacy Group Founded By Roy Moore Accused Of Campaign Intervention

Advocacy Group Founded By Roy Moore Accused Of Campaign Intervention

Coming up on the 2008 election the IRS issued Revenue Ruling 2007-41 which sought to illustrate what constituted participating and intervening in campaigns by describing 21 hypothetical situations.  The activity that CLC is complaining about probably falls somewhere between two situations, one of which represents intervention (Situation 4) and one of which does not (Situation 12).

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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.