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Article Date:
December 2008


Word Count:
423

 

 

Court Calls Deductions “Beyond Belief”


Henry J. and Patricia K. Langer experienced a bad day in court. Mr. Langer should have known better, since he had been an IRS agent before starting his financial investigations business.

 

The IRS asserted that the Langers owed $56,000 in taxes and $11,295 in accuracy-related penalties. They ended the day owing a huge part of that.1

 

To give you some idea of what took place in this court case, let’s examine just one line item on Mrs. Langer’s Schedule C.

 

Mrs. Langer operated ... Log in to view full article.

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