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...
Selling Stock to Fortrend and Midcoast – Ignorance is Bliss
Originally Published on forbes.com on March 7th, 2012 ______________________________________ Sometimes the word is slow getting out. You used to be able to sell the...
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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.