Home Sweet RV Does Not Always Produce Best Tax Result
Although I understand the Tax Court and IRS reasoning, to be totally honest, I think that I might have blown this one. You are driving your RV to the RV rallies to sell RV insurance. Seems logical to me. If I had done their return, I would have been in Tax Court falling on my sword to save my clients eight grand.
The other evil thought that crossed my mind is that if the Jacksons had taken the kitchen out of their RV, that might have taken it out of the definition of “dwelling unit” – ” the term “dwelling unit” includes a house, apartment, condominium, mobile home, boat, or similar property, which provides basic living accommodations such as sleeping space, toilet, and cooking facilities”. Don’t know if that would have worked, but it would have made an interesting discussion.
Where Tax Shelters Go When They Die
At any rate there have to be some basic economic factors that prevent developers from slapping some signs up on a grassy field that call it a cemetery and having its valuation go up by a couple of orders of magnitude.
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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.