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Republican Donor Lane Grigsby Must Repay $576,756 Research Credit Refund

Republican Donor Lane Grigsby Must Repay $576,756 Research Credit Refund

In my view the biggest hazard in public accounting is envy.  Unless you have an odd specialty in order to prosper you must work for and associate with people who are much wealthier than you have any hope of ever becoming.

What inflames the envy is something referred to as the “tyrrany of the billable hour”.  In order to make a living you have to do some work or pay somebody else a reasonable wage to do some work.  One of the escapes from the tyraany is “value billing”.  Research credit consulting is one of those things that can be value billed.  Rather than charge based on how much work you do, you charge a percentage of the tax savings.

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Poor Return Preparation Voids Deduction For African Art

Poor Return Preparation Voids Deduction For African Art

“Malian cultural heritage has for several decades, undergone a massive transfer toward Europe and the United States. Analyzing the phenomenon in its universality, it seems very clearly to be the translation of an unequal relation between poor (weak) and wealthy (powerful) nations. The cultural assets of poor nations are being exported to rich nations. Examples to the contrary do not exist”.

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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.