James Gould Cozzens 360x1000
1albion
Margaret Fuller 360x1000
Storyparadox1
Margaret Fuller3 360x1000
2confidencegames
2trap
399
3theleastofus
George F Wil...360x1000
2theleastofus
Mary Ann Evans 360x1000
199
3albion
499
1madoff
9albion
2transadentilist
1defense
2albion
Edmund Burke 360x1000
2paradise
Susie King Taylor 360x1000
1confidencegames
1trap
299
1transcendentalist
Thomas Piketty3 360x1000
1theleasofus
LillianFaderman
1lauber
2gucci
Maurice B Foley 360x1000
Brendan Beehan 360x1000
13albion
Lafayette and Jefferson 360x1000
5albion
1lafayette
Stormy Daniels 360x1000
Anthony McCann2 360x1000
3paradise
lifeinmiddlemarch1
Spottswood William Robinson 360x1000
2jesusandjohnwayne
11632
2defense
Thomas Piketty1 360x1000
Margaret Fuller2 360x1000
1lookingforthegoodwar
lifeinmiddlemarch2
Tad Friend 360x1000
11albion
4confidencegames
2falsewitness
6confidencegames
1empireofpain
2lookingforthegoodwar
5confidencegames
6albion
AlexRosenberg
10abion
1paradide
Margaret Fuller5 360x1000
Learned Hand 360x1000
7albion
Margaret Fuller 2 360x1000
Gilgamesh 360x1000
1falsewitness
Office of Chief Counsel 360x1000
7confidencegames
storyparadox3
Ruth Bader Ginsburg 360x1000
12albion
storyparadox2
3confidencegames
Thomas Piketty2 360x1000
George M Cohan and Lerarned Hand 360x1000
3defense
Samuel Johnson 360x1000
Richard Posner 360x1000
4albion
1jesusandjohnwayne
14albion
Anthony McCann1 360x1000
Margaret Fuller4 360x1000
Maria Popova 360x1000
8albion'
1gucci
Mark V Holmes 360x1000
2lafayette
Margaret Fuller1 360x1000
Susie King Taylor2 360x1000
Adam Gopnik 360x1000
Betty Friedan 360x1000
Can You Beat The IRS By Waiting Out The Ten Year Statute?

Can You Beat The IRS By Waiting Out The Ten Year Statute?

I’m not ready to recommend just not paying as a valid tax strategy.  Remember for the ten-year statute to work for you, there has to be an assessment, which generally means you have to file.  On the other hand, if you have an old liability kicking around and you are not getting any mail, there is probably not much point in trying to be proactive about it.  If somebody calls you up and tells you you have to pay right away or you will be arrested, that is a scam.  I think at this point, there may be more scam IRS collection people than real ones.

From a policy viewpoint, it seems clear that collections should be seriously beefed up.  At this point, maybe Congress needs to make up a new agency and charge it with that duty so it can still punish the IRS without further eroding compliance. Remember Learned Hand’s words “taxes are enforced exactions”.  With no enforcement, they become voluntary contribution

read more

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.