Kent Hovind And Attacks On Eric Hovind – Method In The Madness?
Kent Hovind gets the ball rolling for his new bigger better Dinosaur Adventure Land in Lenox Alabama. Attacks on Eric Hovind continue. When Kent talks about his dispute...
$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
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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.