Dental Management Company Did Not Do Any Managing
A lot of people believe that you can freely shift income between related entities as long as it ties out and you have not violated the “big balance sheet in the sky”. In reality, that kind of activity runs the risk of having you be whipsawed, because income is income, but deductions must be ordinary and necessary.
IRS Does Not Spend Enough On Conferences
There is an ideology that holds that we would be better off with a much smaller federal government which would not need nearly as much tax revenue. I have a lot of respect for that ideology and I think it deserves a fair hearing. I think, though, that it is underhanded to devote energy to defeating taxation by gutting enforcement and demoralizing the enforcers. And that is what I see going on.
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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.