AICPA Has No Standing To Litigate IRS Credential Program
The AICPA continues to oppose any program that identifies individuals who have proven competency and currency in preparing 1040s. They feel CPA’s “own” the tax preparation industry and continue to try to maintain the bogus “urban tax myth” that CPAs are 1040 experts.
The AICPA claimed its members were injured parties because they could lose business to the voluntarily registered preparers. Of course CPAs will lose business if there is a way to properly identify tax preparers who remain current in 1040 tax law – and they should!
Tax Payments Can Be Delayed For A Very Long Time
A couple of thoughts on this. One is that you really don’t want to try this with a tax liability that you could pay without breaking yourself because you will get it to grow to that level. On the other hand, the IRS does agree that Mr. Hauptman will not be able to pay the whole tab. Once that threshold is clearly crossed, the amount of the tax liability and accumulated interest and penalties is no longer important. (See Reilly’s Tenth Law of Tax Planning). So what’s the hurry?
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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.