Repair Regs And Tax Pros Are Like Headlights And Deer
The regulations totally refer to the physicality of the building and except for some de minimus rules make no reference to dollars. The regs say that if you have 10 roof mounted HVAC units and you replace three of them, you can expense that. CSG takes that and makes the logical leap that if you have carved out $100,000 of the original building cost to HVAC and you have a bill for less than $30,000 you can expense it, more than $40,000 you have to capitalize with a gray area in between. At any rate that is what I understood the rep to have presented. I voiced my objection to that not reflecting what the regulations said and he indicated that might be true, but what else can you do and, of course, their IRS insiders had given the nod to this reasoning.
Don’t Use The IRS To Address Koch Political Spending
In the end the concern about dark money is an ad hominem argument. I’d like to think that we are smart enough to look at the merits of ideas without knowing who is pushing them. Of course from here on in, progressives will be able to use the lack of transparency to attribute any support received by their opponents to the Koch brothers. Play it that way and let the IRS stick to collecting taxes.
Follow Me
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.