Co-op Owner Wins Casualty Loss Appeal
I was wondering a little about the case going this far given the relatively small deficiency involved. According to this story this was being used as a test case for 200 other Castle View owners. Eric Levine, the attorney handling the case indicated that it may have broad implications in the wake of Hurricane Sandy:
Is IRS Persecuting Kent Hovind For Creationism ?
Bottom line, it seems rather unlikely that when federal agents went into Kent Hovind’s Dinosaur Adventure Land, it had anything to do with what was being taught there.
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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.