As with other advisors, tax advisors often find themselves taking contrary positions on the same law in different cases. These situations can be difficult. The professional rules governing attorneys conduct address this. The more challenging situations for attorneys arise when …..
Businesses often succumb to the temptation to use taxes withheld from employees’ salaries to overcome cash flow problems. Unfortunately these types of “government loans” are often fatal to the business and the “responsible persons” financial well being. The resulting tax …..
Many tax practitioners agree that valuing property for tax purposes is the most important issue that they face. Yet valuation issues are often murky and amorphous. In most cases valuation disputes are resolved in favor of the party that has …..
I was wondering how the tax code complexity debate had progressed while I was away. So it appears that the blogosphere keeps going even when I am not here (sorry, it’s just one of those “what if a tree falls …..
I typically do not carry on debates on this blog because the statistics show that my readers are looking for topical issues rather than debates. But I think many readers would enjoy this debate. So I will say a few …..
Having read Mr. Levine’s post, I think that his post framed the issues in this debate better than my post did. Therefore, I have pasted his post on top of my own. Hats off to you Mr. Levine. His post …..
It seems to be a generally accepted belief that our Internal Revenue Code (the Code) is too complex. But this belief has no foundation in reality. The Code is a model of clarity and simplicity for all it is to …..