KPMG Tax Partner Denied Mulligan On Sketchy Tax Shelter
The IRS served two summonses on KPMG on March 19, 2002 for its role in promoting SOS transactions. In March 2004, shortly after KPMG gave the IRS a list of SOS participants including the Bergmanns, they filed an amended return for 2001 removing all the previously-claimed losses and reporting and paying an additional $205,979 in taxes. At no point did the Bergmanns concede that the losses were improperly reported or foreclose themselves from taking another position on a later amended return
Obama Administration Weak On Church State Separation? Clergy Housing Allowance Appeal
The interesting question is whether President Obama thinks that 107(2) is constitutional. In the case of DOMA, he ordered the Justice Department to stop defending a statute that they determined was unconstitutional. Green Party Presidential candidate Jill Stein indicated that she likely would have ordered the Justice Department to not defend the housing allowance.
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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.