Hobby Lobby Owners Win First Round In $3 Million Tax Refund Case
The Trust filed its 2004 return on October 15, 2005 claiming a charitable contribution of $20,526,383. On October 15, 2008 the trust filed an amended return upping the charitable deduction to $29,654,233 and claiming a refund of $3,194,748. That is a pretty slick move, although you have to have plenty of cash in order to use it. In the event the IRS finds other issues on the return besides the higher charity, they can only be used to offset the refund. As long as it is not being frivolous the Trust has no penalty exposure and the interest clock is running in the taxpayer’s favor.
Foundation Of Big GOP Donor Loses Tax Court Case Over Political Ads
The expenditures on which the IRS asserted the excise tax were amounts paid to run radio ads in Oregon between 1997 and 2000. All in there were over $630,000 in expenditures. Taxable expenditures under 4945 include attempts to influence legislation through an attempt to affect the opinion of the general public or any segment thereof and attempts to influence legislation through contact with members of a legislative body or other government officials.
On the other hand making available the results of nonpartisan analysis, study or research is not subject to the excise tax.
The radio ads over the four years were is support of a requirement that prisoners work a forty hour week, mandatory minimum sentences, crime victim rights, review of state agency administrative rules and limiting the growth of state government.
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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.