Tax Story Generates Excitement Because Of Minor Nick Saban Connection
As it happens I know somebody who is currently attending the University of Alabama. I reached out to him to find out why a Tax Court decision that marginally affected Saban would seem like a story to the sports press. He wrote me:
In Tuscaloosa, sororities will sometimes paint signs on their window proclaiming that Nick Saban, a 5’6″ 67 year old man, is the sexiest person alive. For reference, I’ve never seen any player treated the same.
So I guess it is not surprising that a Tax Court decision that marginally involves him can generate interest.
Notice 2019-07 250 Hour Requirement – What It Means And How To Meet It
Regardless, I would recommend that it is worth going to the trouble of complying. There are different approaches to representing taxpayers at audits. One guy I know goes with a hostile combative style. Some attorneys will adopt a litigation posture, forgetting that it is the client that has the burden proof.
My approach is that I am working with my fellow accountant who just happens to have a government job to arrive at the correct answer. Of course, I know that the correct answer is “no change”. My brother or sister accountant, verging on becoming my new BFF, just needs a little help to see that. Lavishing attention on something that is easy to get right helps in the process. That’s my theory anyway and, knock on wood, I’ve done pretty well over the years.
So ask your vendors for hours (not including drive time) and ask your real estate management company if they will provide you with a “Notice 2019-07 Compliance Report”. It’s going to be a thing. I’m sure of it.
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Over and over again courts have said that there is nothing sinister in so arranging one’s affairs as to keep taxes as low as possible. Everybody does so, rich or poor; and all do right, for nobody owes any public duty to pay more than the law demands: taxes are enforced exactions, not voluntary contributions. To demand more in the name of morals is mere cant.