Does Tax Court Booster Decision Threaten Scouting?
If we could go back in time and erase from history whoever first thought of financing charitable activities by having kids and their parents sell a variety of food items and other miscellany such as Christmas cards, the world would be a better place. With one very large exception. That would be Girl Scout Cookies – specifically Thin Mints
Real Estate Partnerships And State Income Tax – Nasty Surprises
When it comes to New Jersey Gross Income Tax, keeping the partnership alive cost Ms. Dinallo $166,049 plus penalties and interest.
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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.