Saturday, April 26, 2014

Tax Collector

You've heard of people described as having hearts of gold, but what about someone with a belly full of the precious metal? That's what doctors in New Delhi found, when a man arrived from overseas in severe discomfort.Man swallows 12 gold bars to evade taxes.  (Sometimes you can actually feel sorry for the tax collector)

A recent Tax Court case, Henson v. Comr., T.C. Summ. Op. 2014-36, demonstrates how unwise it is to say one thing and then to say something inconsistent at a later point in time. The taxpayer in question, during a Tax Court trial involving other issues, decided to assert that the alimony income she reported on the tax return at issue was not gross income. The Tax Court would have none of it When It’s Too Late to Change One’s (Tax) Story