CREW Director Insists Case Against Citizens United Attorney Is Strong
Having gone through an intermediate sanction audit, I can tell you that the IRS may not even argue about whether or not the compensation was reasonable, because they automatically win if the safe harbor process wasn’t used. We work with our nonprofits for best practices to protect them from this exact predicament.
Fee Interest In Motels Not Like-kind To Leasehold
The back-up argument was that even if the ground lease did not qualify as like-kind, the improvements should. The Tax Court was having none of it.
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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.