We'll be back from our tax season hiatus very soon. Until then, please enjoy this apropos Monty Python video re: Accountancy!
http://www.youtube.com/watch?v=XMOmB1q8W4Y
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US Tax Court cases in a nutshell. There are so many ambiguous areas of the tax code in which the IRS falls back on the old stand by "we'll consider all the facts and circumstances to determine if your position on a tax return should be supported." Tax court cases show us the IRS in action doing just that! (Please note that blogs may include sections copied directly from court case decisions found at ustaxcourt.gov)
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Only humorous comments make it through review. We especially welcome funny, alternate case names!