IRS Denies Exempt Status To Historical Interpreters
I think the moral of this story is that it is a bad idea to rely on the IRS to provide imprimaturs of a sort on organizations that really have no significant tax exposure themselves. The IRS has a big enough job collecting taxes that it does not need people with laudable purposes applying to them for an extra dose of credibility.
Second Circuit Questions Loss Computation In Ponzi Scheme Sentences
So you pay in five grand and bring an appetizer to your first meeting. The next two meetings you bring soup and then the main course. Finally, you bring dessert and the five grand from each of the eight appetizer people goes to you. Then the table divides into two tables requiring sixteen appetizer people. What could possibly go wrong? Well about the twelfth time the tables divide you need all the women in Connecticut to be participating. Around the 23rd time, you need all the women in the world. You probably already knew that, but it is worth pointing out.
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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.