$16 Million Golf Course Conservation Deduction Disallowed On Fine Points
One of the requirements of a deductible easement donation is that it be in perpetuity. An implication of that is that the easement has to be superior to any mortgages. So you have to get the entities holding mortgages to subordinate. Hillcrest did subordinate, but the subordination was not filed until several months after the easement deed. Taxpayers argued that there was an oral agreement in place to get the subordination, but that did not cut it. So no deduction
Expatriate Lawsuit Featuring Rand Paul Shot Down
James Bopp, Jr., the lead lawyer for the Plaintiffs and General Counsel for Republicans Over-seas, states the following: “The Court refused to permit us to amend the complaint to fix the Court’s alleged problems it found originally in our complaint and then dismissed our case. The Court’s theory is that it is the fault of the banks for refusing to do business with American citizens, not the fault of FATCA which causes the banks to do it. This is like blaming the bank cashier for robbing the bank when the robber puts a gun to her head and she gives him the bank’s cash. That cannot be correct.”
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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.