State Wants Its Share Of The Sharing Economy
What is going to be entertaining is whether there will be litigation between the states and localities and Airbnb as there will be a debate as to whether the tax should be figured on the gross amount paid by the renter or the amount that the apartment owner nets from Airbnb. There has been extensive litigation on that issue between states and localities with the likes of Expedia when it comes to actual hotels.
Starting A Charity To Boost Your Product Sales Frowned On By IRS
It’s good to know that the IRS also frowns on this type of nonsense as we can see in recently released Private Letter Ruling 201548021. Private Letter Rulings are redacted and I have not tried to penetrate the redaction on this one. I’m going to call the organization that was turned down for exempt status Feed The Hungry With Our Stuff (FHWOS). The President of FHWOS) is D in the ruling, so let’s call him Dwight . Dwight owns a company we will call Nuterium which makes Brand X.
FHWOS is a fundraising organization that teaches youth how to help their communities while earning money to support group and school activities. It runs two types of program. In one the kids go around selling Brand X, but not to people that want to eat the stuff themselves. They just decide which of ten hunger-fighting charities Brand X goes to. After the money is collected a percentage goes to the gymnastics club or whatever sort of group was running this thing and the balance goes to Nutrium to pay for the product.
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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.