Major New York Landlord Tripped Up By Like-Kind Exchange Technicality
I think it is rather unfortunate that neither the Tax Court nor the Second Circuit got to the substance of the arguments. What is supposed to happen if you by an undivided interest in real estate and all of a sudden you find yourself a partner in a partnership you did not know existed? Generally speaking you can’t become somebody’s partner without them letting you in and you can’t be drafted into a partnership.
Achieving Financial Health With a Personal Finance App
Today, more and more people are relying on personal finance apps to pay their bills and to keep track of their spending, and for good reason: those apps boast time-saving features that can end up saving you money and put you well on your path to financial freedom. So take time to compare what each app has to offer, and find the best one to help you reach your goals.
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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.