Strong Language In Partnership Agreement Might Help With Expense Deductions
The other lesson is more subtle. It would be a good idea for professional partnerships to look closely at the expense language in their agreements. Particularly in partnerships with “Eat what you kill” compensation structures, the agreement should be very clear that partners might be expected to spend money on all sorts of things that might not be reimbursed.
Non-Custodial Parents Out Of Luck When Form 8332 Withheld
If the custodial parent is withholding a signed Form 8332 that you are entitled to, there are a couple of approaches. Filing your return without the required form is not one that I would recommend. My own view which may be of limited applicability is to just forget about it and don’t claim the exemption. This is clearly the best course if both you and your ex are going to end up leaving money to the same kids.
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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.