Being Gay In The Sixties In Antonin Scalia’s High School
Many Americans do not want persons who openly engage in homosexual conduct as partners in their business, as scoutmasters for their children, as teachers in their...
TheDirty.com Editor Nik Richie Loses In Tax Court
If you are as evil-minded as I am it might occur to you that a General Partner might stick it to you by “specially allocating” income to you while making it clear, off the record, that there will never be any distributions. If you have a good reason for disagreeing with a K-1, one form of recourse is to file Form 8082 and report what you think is right. Unless you do that not following the K-1 is close to per se negligence.
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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.