There is no substitute for litigation experience. Since every lawyer is not a trial lawyer, it makes sense to learn from attorneys who are actually litigating tax cases and bringing those actions to verdicts. 519 more words
Tags » Tax Court
How much is a fictitious brokerage account worth, and what happens when it loses value? The IRS and the Tax Court have struggled with issues arising from the Bernie Madoff scandal. 618 more words
An accountant looks at your shoes when he talks to you. An actuary looks at his own shoes when he talks to you.
There is a difference between an actuary and a mathematician, too. 455 more words
I always tell my clients to keep good records. Often, I tell them again and again annoyingly. It is my experience, and I daresay the experience of most other tax practitioners, that a taxpayer’s failure to keep good books and records will almost always result in a bad experience, if the taxpayer has to tangle with the IRS. 410 more words
That’s not an unusual question. The exchange continues often like this.
Vance: Do you have contemporaneous records that document (1) the amount of the expense; (2) the time and place of the travel or use; and (3) the business purpose of the expense? 358 more words