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Discussion Forum Index --> Tax Questions --> Having a fool for a client
Death&Taxes (talk|edits) said:
| 10 October 2007
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| When you are already a lawyer, it costs nothing but your time and $60 to go to Tax Court. This pettifogger contested the early withdrawal penalty on $2,195 of an IRA distribution totaling $21,000+, the rest of which was used to pay his children's college tuition. The $2,195 was spent on a private high school. What is worse is that he did not cooperate with the IRS but rather had his audit in Tax Court.
http://www.ustaxcourt.gov/InOpHistoric/Nolan.TCM.WPD.pdf
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Taxref (talk|edits) said:
| 10 October 2007
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| It looks like he was simply trying to delay paying for as long as possible. He was pretty lucky, its amazing they didn't fine him.
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Death&Taxes (talk|edits) said:
| 10 October 2007
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| $220!!!!! Big time lawyer can't pay that.....probably was beneath him.
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Proptaxguy (talk|edits) said:
| 10 October 2007
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| This tool knew from the beginning that the $2,195 was not a Qualified Higher Education Expense. He wasted the courts time throughout the whole process and should have been fined.
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Death&Taxes (talk|edits) said:
| 10 October 2007
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| To give him benefit of the doubt [it is "Be Kind to Sharks" week], he probably assumed he had spent the entire amount on college for the two kids when he did the return, or told his preparer he did, then found when questioned that the totals did not add up, so he tried to finesse them with Randolph-Macon, which sounds like a college.
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