Scary thought, isn’t it?
How will your records hold up?
The records tell all. No records, no deductions. It really is that simple.
No Mercy from the IRS
Don’t expect mercy from the IRS. It doesn’t exist.
We checked. We did a word search in our RIA Checkpoint, Tax Analysts Tax Notes, BNA Tax Management Portfolios, and LexisNexis. The word “mercy” did not show up in the Internal Revenue Code or the IRS regulations.
The James Barton Saga
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