Crummey Powers – Back to Arm Breaking Threats
Originally Published on forbes.com on March 9th, 2012 ______________________________________ There is a story, I recall, to the effect that when Japanese Premier...
The Dark Side of Flow-through Entities – Taxable Income Without Cash
Originally Published on forbes.com on March 8th, 2012 ______________________________________ Jose Martignon v. Commissioner, TC Summary Opinion 2012-18 You really...
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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.