George McGovern Passes On – Where Were You In 1972 ?
George McGovern died this morning. I hope one of my favorite commenters, russpoter, will forgive me for straying from the tax reservation to reminisce,...
Beware Of Partnership Status Sneaking Up On Your Business Venture
William Holdner and his son, Randall, had a fairly substantial agricultural operation. They chose to report their arrangement as separate businesses. All income and...
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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.