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Losing money
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WYDave
Posted 9/28/2020 14:16 (#8519740 - in reply to #8519284)
Subject: RE: Losing money


Wyoming

What is important to understand is that the IRS isn't staffed by some ur-lord tax experts. It is staffed by a bunch of people who are the sort who like working for the Feds because it is more lucrative for people of their level of talent than working in the private sector. 

They won't understand a complex tax return either. What's more is that unless they can spot something easily and obviously illegal, they're usually not going to invest the time to understand complex tax returns.

The best accountants, the people who understand the Internal Revenue Code the best, are almost always in private practice. Why? Because that's where they get paid handsomely for their knowledge of the system. 

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