Timeshare Tax Shenanigans End With Large Penalties
This ruling is of more interest in how it makes us reflect on the time share industry and also tax shenanigans particularly those involving gifts of property of dubious value.
IRS Takes Aim At “Copyrighted” Trust Scheme
“Promoters of questionable tax schemes often distribute a “legal analysis” to potential victims. While these analyses might sound authoritative, they can sometimes resemble the output of ChatGPT in full hallucination mode.” – Ed Zollars
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.