IRS Fixes A Tax Court Slip-Up

October 25, 2010

Tax laws are seldom models of clarity. Sometimes they are more garbled than a software manual that has been computer-translated from Malay to English. Occasionally, however, the law is pretty clear, but the interpretation gets twisted. Every professional tax adviser runs across this situation. A client may find an article on the Internet that says he can avoid taxes by putting all his assets in a trust, establishing a new …

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