1lauber
1trap
2theleastofus
1albion
4albion
George F Wil...360x1000
2paradise
2gucci
3defense
Margaret Fuller 2 360x1000
Edmund Burke 360x1000
13albion
11albion
2confidencegames
4confidencegames
2falsewitness
Mark V Holmes 360x1000
2lookingforthegoodwar
1confidencegames
Gilgamesh 360x1000
6albion
Susie King Taylor 360x1000
2albion
5albion
Margaret Fuller3 360x1000
1lookingforthegoodwar
3theleastofus
499
3albion
AlexRosenberg
storyparadox3
Ruth Bader Ginsburg 360x1000
Learned Hand 360x1000
5confidencegames
1gucci
8albion'
Margaret Fuller1 360x1000
Adam Gopnik 360x1000
7confidencegames
1lafayette
Thomas Piketty1 360x1000
Brendan Beehan 360x1000
2jesusandjohnwayne
lifeinmiddlemarch2
14albion
LillianFaderman
Margaret Fuller4 360x1000
George M Cohan and Lerarned Hand 360x1000
299
storyparadox2
1madoff
Margaret Fuller 360x1000
Susie King Taylor2 360x1000
1defense
399
Mary Ann Evans 360x1000
7albion
1paradide
12albion
9albion
2lafayette
Stormy Daniels 360x1000
Lafayette and Jefferson 360x1000
Office of Chief Counsel 360x1000
2transadentilist
6confidencegames
Spottswood William Robinson 360x1000
Maria Popova 360x1000
Storyparadox1
Richard Posner 360x1000
Anthony McCann2 360x1000
1transcendentalist
199
Thomas Piketty3 360x1000
10abion
Margaret Fuller5 360x1000
Thomas Piketty2 360x1000
3paradise
Samuel Johnson 360x1000
2defense
1jesusandjohnwayne
Margaret Fuller2 360x1000
lifeinmiddlemarch1
3confidencegames
Tad Friend 360x1000
Betty Friedan 360x1000
1falsewitness
Maurice B Foley 360x1000
1theleasofus
1empireofpain
James Gould Cozzens 360x1000
Anthony McCann1 360x1000
2trap
11632
Mr. Koskinen’s Last Chance To End The Form 3115 Madness

Mr. Koskinen’s Last Chance To End The Form 3115 Madness

I did a short survey to an extremely small unscientific sample of tax preparers asking if they expected to do one of more Forms 3115 for virtually every trade or business client.  It’s running about half. As it stands now, I’m leaning toward the tree killing side, but I don’t have many returns to do and they almost all extend, so I can pretty much wait and see.  I suspect that the people who are saying this is overblown will turn out to be right.  It will be like those blurbs we put on our emails that we thought were required by Circular 230, but why take the risk.  So realistically, if the IRS does not take action to stem the flow Ogden will only be hit with 5 or 6 million pointless forms, since there are people more courageous than me who will not be intimidated and people more clueless than me, who will miss the whole drama.

read more

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.