Hole Opens In Tax Blogosphere – Say It Ain’t So Joe
There used to be three sources for an overview of the tax blogosphere. Joe’s daily summary, a weekly summary by Paul Caron and Bob Flach’s What’s the Buzz. The Tax Prof turned his weekly summary over to Joe making it a compilation of his daily summaries. What’s The Buzz is nice, but it never purported to be thorough and Bob Flach, who scorns the expensive software that the rest of the industry uses and hates the GD extensions almost as much as the mucking fess that the idiots in Congress make out of the tax law, restricts his blogging during tax season to instruction to his clients not to bother him. Joe referred to the Flach version of tax season as a two-month death march.
IRS Nixes Student Loan Payoff Charity
So here is the deal with NATFY. There is some beleaguered millennial feeling crushed by student debt. You want to help him out. But how do you know he really has student debt? And if you gave him some money to help pay down the student debt what is to prevent him from squandering the money on avocado toast and massaged kale? That where NATFY (No Avocado Toast For You) comes in. Here is the process they put into place.
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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.