Friday's Tax Quote - November 26, 2010

“Moral turpitude is not a touchstone of taxability.”

- Frank Murphy

Friday's Tax Quote - November 19, 2010

“Though tax records are generally looked upon as a nuisance, the day may come when historians will realize that tax records tell the real story behind civilized life. How people were taxed, who was taxed and what was taxed tell more about a society than anything else. Tax habits could be to civilization what sex habits are to personality. They are basic clues to the way a society behaves.”

- Charles Adams

Friday's Tax Quote - November 12, 2010

“…For imposing Taxes on us without our Consent….”

- The Declaration of Independence

To Our Veterans - Thank You

They went with songs to the battle, they were young.

Straight of limb, true of eyes, steady and aglow.

They were staunch to the end against odds uncounted,

They fell with their faces to the foe.

They shall grow not old, as we that are left grow old:

Age shall not weary them, nor the years condemn.

At the going down of the sun and in the morning,

We will remember them.

- Laurence Binyon

Friday's Tax Quote - November 5, 2010

“The tax which will be paid for education is not more than the thousand part of what will be paid if we leave the people in ignorance.”

- Thomas Jefferson

A Word On Tax Audits

Having recently spoken to a group of lawyers on what to do when their clients receive a letter from the IRS, I have begun writing a short series of articles on the same topic.  Today, the the State Bar of Wisconsin published the first installment in its "Inside Track" electronic newsletter.  The article can be found in full here.  

Additional installments will cover tax appeals, court proceedings and the collection process.  I will provide links to those articles as they are published.

A related video can be seen here: