Minimizing Your Taxes and Managing Your Complex Affairs

Tax Tips, Finance Tips, Fun Events

Tips for Individuals, Businesses and Charities. Fun Events.

Thinking About Suing the Government Over Tax Reform?

One taxpayer has actually tried to sue the U.S. government over his perception that Tax Reform is unfair.

The New York district court has concluded that an individual taxpayer did not have standing to challenge the unfairness of the Tax Cuts and Jobs Act (i.e. Tax Reform Act) and so the court did not have jurisdiction to hear the case.  [Kerven v. U.S., (DC NY 2/12/2019) 123 AFTR 2d]

One of his claims was that Tax Reform tax cuts burden future taxpayers with a 1.5 trillion dollar loan to underwrite a reduction in taxes for current taxpayers since the deficit has now increased.

For a consultation on how Tax Reform impacts an individual, business or nonprofit, please contact me today.

Richard Pon CPA, CFP