A taxpayer thinks his information is worth the whistle. The IRS says the information is not worth the dust which the rude wind blows in the taxpayer’s face…or something along those Shakespearean lines. Who’s right?
According to Dr. Seuss, sometimes the questions are complicated, and the answers are simple.
When is an asset not an asset? Or, more precisely, what is an asset when a specific internal revenue code section doesn’t contain a definition?
How many options can you consider before you find yourself longing for simplicity?
A group of unicorns may or may not be called a blessing, but one thing is certain: owners of multiple business activities seldom use that word to describe IRS inquiries into how those activities are grouped.
Paychecks may be proof that an employer has a sense of humor. Unfortunately, the IRS generally doesn’t find payroll amusing.
Are you haunted by phantoms? Sometimes courts are too.
From small seeds come tax deductions for farmers.
Sometimes you no sooner find the keys to success than the locks get changed.
According to the wisdom of Dr. Seuss, only you can control your future. In the less insightful realm of taxes, wills and trusts attempt to provide a way of controlling the future by authorizing specific actions to be taken after death.