Debt From KPMG Tax Shelter Survives Bankruptcy
After learning that he might have a large liability from 1999, Mr. Vaughn got divorced, remarried and divorced again. He was pretty generous with his new wife, including buying a $1.73 million home that he put in her name. He also funded a $1.5 million trust for his new step-daughter. So in 2004, when taxpayers had an opportunity to get out from under this problem, he could not join in the settlement, because he could not come up with the entire tax. The Court also seemed to think he was living pretty high for somebody with a multi-millionaire dollar tax debt hanging over his head.
Tea Party Patriots Inc Dodging Tax On E-mail Fees?
Of course, I just have the same education as an IRS revenue agent, so maybe there is something in the definitions that would exempt this or possibly TPP has enough other social welfare activity that it would still qualify. Regardless, I think there might be just a bit of concern about its 501(c)(4) status.
Since TPP does not appear to be a dark money group, I kind of wondered why the status was so important. Well, now, given the e-mail fees, there could be some serious money at stake. The best defense is a good offense. The persecution narrative might be a license to be aggressive.
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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.