You Need Partners To Have A Partnership
Originally published on forbes.com. Estate of Lois L. Lockett, et al. v. Commissioner, TC Memo 2012-123 One of the most fundamental principles of partnerships is that...
United States v. Hansen & Hovind
I have been following the Kent Hovind tax drama for over two years, but my friend and most constant commenter Bob Baty keeps much more on top of it. Kent is nearing...
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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.