5confidencegames
Lafayette and Jefferson 360x1000
George M Cohan and Lerarned Hand 360x1000
Margaret Fuller1 360x1000
Maurice B Foley 360x1000
Betty Friedan 360x1000
Anthony McCann2 360x1000
Maria Popova 360x1000
7albion
11632
Stormy Daniels 360x1000
Margaret Fuller2 360x1000
Brendan Beehan 360x1000
2albion
Thomas Piketty2 360x1000
2lafayette
1madoff
James Gould Cozzens 360x1000
7confidencegames
299
1theleasofus
9albion
1gucci
Edmund Burke 360x1000
6albion
storyparadox3
storyparadox2
Gilgamesh 360x1000
3paradise
Adam Gopnik 360x1000
AlexRosenberg
11albion
12albion
Mary Ann Evans 360x1000
Ruth Bader Ginsburg 360x1000
1lafayette
George F Wil...360x1000
1defense
Tad Friend 360x1000
2trap
LillianFaderman
Margaret Fuller4 360x1000
2transadentilist
2paradise
1trap
1transcendentalist
3defense
1albion
199
8albion'
10abion
14albion
3albion
1confidencegames
1lookingforthegoodwar
1lauber
Anthony McCann1 360x1000
2jesusandjohnwayne
Storyparadox1
1falsewitness
3confidencegames
Susie King Taylor 360x1000
3theleastofus
2theleastofus
2lookingforthegoodwar
Margaret Fuller 360x1000
lifeinmiddlemarch1
4albion
1paradide
13albion
Office of Chief Counsel 360x1000
2defense
499
Susie King Taylor2 360x1000
1jesusandjohnwayne
2falsewitness
Margaret Fuller3 360x1000
2gucci
6confidencegames
5albion
Richard Posner 360x1000
Learned Hand 360x1000
4confidencegames
Margaret Fuller5 360x1000
Spottswood William Robinson 360x1000
Margaret Fuller 2 360x1000
lifeinmiddlemarch2
Mark V Holmes 360x1000
Thomas Piketty1 360x1000
2confidencegames
1empireofpain
Samuel Johnson 360x1000
399
Thomas Piketty3 360x1000
Tax Denier Wins Damage Claim Against IRS Levy – Kind Of

Tax Denier Wins Damage Claim Against IRS Levy – Kind Of

There are a significant number of people out there who argue that most ordinary Americans are not subject to income tax.  Although they always lose on those arguments, and Ms. Music is no exception, when there is actual litigation, this case is evidence that they may be swamping the system.  Ms. Music went 15 years without filing.  The strains on the IRS budget make it more likely that more of them will be able to slip through the cracks. The courts, quite rightly, will require the IRS to dot all its i’s and cross all its t’ s, as they are doing in this case.  Nothing is requiring Congress to provide them with the resources to do that.

read more
IRS Chief Counsel Checks 1986 Committee Reports To Give Break On Foreclosed Real Estate

IRS Chief Counsel Checks 1986 Committee Reports To Give Break On Foreclosed Real Estate

A foreclosure on real property subject to recourse debt comprising the taxpayer’s entire interest in a passive (or former passive) activity is a fully taxable transaction for purposes of §§ 1001 and 469(g)(1)(A), regardless of whether any COD income from the cancellation of recourse debt is excluded under § 108(a)(1)(B). Thus, the losses from the activity are treated as not from a passive activity under §469(g)(1)(A). Additionally, these losses are not reduced by any excluded COD income under § 108(b)(2)(F).

read more

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.