In a perfect world…
Professor A: “Cleaning supplies should be deductible. Maybe in a perfect world the IRS would monitor the spic-and-span, the toilet paper, and all that crap and see if it is taxable, but they don’t.”
Words of Wisdom:
Professor A: “This is another one of my tax rules: you can’t have your cake and eat it too. If a tax scheme looks too good to be true, it is. And you and your client will get into trouble if you participate.”
Other Tax law posts:
- What the hell? Tax Midterm…
- Professor A’s sports overload
- Mid-term evaluations
- Pretend to be interested.
Note: I refer to my tax professor as “Professor A” simply because “Professor T” was taken. The naming issue was really bad during my first semester when I had Contracts, Conlaw, and Civil Procedure.
I’ve been involved in taxations for lengthier then I care to admit, both on the private side (all my working life-time!!) and from a legal stand since passing the bar and following up on tax law. I’ve offered a lot of advice and corrected a lot of wrongs, and I must say that what you’ve posted makes utter sense. Please uphold the good work – the more individuals know the better they’ll be armed to handle with the tax man, and that’s what it’s all about.