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Tax Court Upholds IRS Penalties On Decades Old Cattle Shelter Losses

Tax Court Upholds IRS Penalties On Decades Old Cattle Shelter Losses

I think if I had been the judge, I would have told the IRS that it just wasn’t right to penalize this guy after all those years.  The purpose of penalties is to encourage compliance not rasie revenue and laying them on over twenty years late just does not do the trick.  Of course, there are many reasons why I am not a Tax Court judge and now we have just added another.  There are two morals here.  One is that having the people who sell you the tax shelter be the ones to prepare your return is probably not a good idea.  The other is that not only should you get it in writing. You should also make sure it is signed.

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IRS Denies Exempt Status To Christian Coffee Shop

IRS Denies Exempt Status To Christian Coffee Shop

You pay for the car behind you at the fast food window and get the attendant to hand them a card that mentions the name of the church. It’s non-confrontational, non-direct even, and may be effective in branding the church leading to visits to worship and further inquiries. We are evangelicals, you know, and a subtle way to offer good news is OK with me.

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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.