The Nontaxpayer’s Audit Defense Manual is used for “nontaxpayers” only who will be going through an IRS audit. This manual is not intended or authorized to be used for “taxpayers”, or as a “tax shelter” or way to reduce the liability of a “taxpayer”.
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I really am working to get a podcast up and running by early next week. Unfortunately, as I recover from bronchitis, I notice that my tones are far from dulcet -- I'm more Les Nessman than Dr. Johnny Fever or Venus Flytrap.
I do, however, want to make sure that the technology works. So here is a Bach minuet:
MP3 File
The original Ali G., Slim Chance is back with another clip. Here is his view on paying taxes. In case you are wondering, IRS is the Inland Revenue Service in the UK and wherever else the Queen once ruled. God save the Queen, down with taxes.
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This is a great time of year to buy a car. Salespeople are desperate for Christmas money, dealers want to close out the year with a bang, and the lot managers need to make room for new models. I’m going shopping later for a car with a friend and I’d like to get [...]
In re. Estate of Agnes H. Wright is an appellate case that deals with whether an individual's attorneys can be disqualified. The case is available here as a pdf. I'm less interested in that issue than in the issue that prompted the litigation in the first place. This is an undue influence case, pitting sibling vs. sibling. At issue is a trust amendment signed by Mrs. Wright. The trust amendment says that she loaned her son Peter $1.8 million to purchase a vacation home in Lake Geneva, Wisconsin. The amendment recites other information about the transaction, but the key is that the amendment characterizes the transaction as a loan. Peter, however, says that the transaction was a gift, and that the trust amendment was executed only because Peter's sister Linda exerted undue influence against their mother.
If I had any advice to take from the case, it would be this: resolve issues of loan vs. gift before death, by a writing signed by all parties. The problem in the above case is that the amendment is signed only by Mrs. Wright. If you want to loan money to a child, have the child agree to the terms of the loan BEFORE you hand over the money. Similarly, if you want to gift money to a child, think seriously about making equal gifts to all children OR having all children acknowledge that the gift IS a gift (not a loan).
