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...
Second Circuit Declares Section 3 Of DOMA Unconstitutional
When Clara Spyer died she left an inheritance for her spouse, Edith Windsor. The estate tax has an unlimited marital deduction. Nonetheless there was $363,053 in...
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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.