Did Tax Court Just Say That There Are Thousands Of Unfiled Oil Partnership Returns ?
I am really puzzled as to how the IRS and the taxpayers are supposed to unscramble this egg. The Tax Court apparently has just ruled that there are hundreds (?) of unfiled putative partnership returns with a default tax matters partner, which is in bankruptcy
Occupy Wall Street Anniversary Focuses On Robin Hood Tax
Why I find this interesting is because of the way it represents the battle for the populist high ground. The Tea Party has made a comeback with its IRS scandal narrative and its last gasp against Obamacare. There does not seem to be an equivalent on the Left. The financial transactions tax might be promising in that regard, although I have to admit that my evidence for that is highly anecdotal.
Follow Me
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.