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Nahh… The IRS isn’t stupid. If they don’t think they can win, they don’t fight. And when the stakes are this high, it provides more incentive to fight becaus
by refurb 3y ago
Nahh…
The IRS isn’t stupid. If they don’t think they can win, they don’t fight.
And when the stakes are this high, it provides more incentive to fight because the potential outcome is far higher.
If you want to blame someone for this, blame Congress and their vague tax laws.
The idea the IRS should have the authority to interpret tax law as they see fit isn’t how the system works. If there is uncertainty, you can challenge it in the courts.
Clearly the IRS didn’t think their odds were that great of winning.
- oldbbsnickname 3y agoThe IRS primarily goes after the middle-class and small business owners because it's the path of least resistance. But when you're very rich, you have the advantages of an army of tax attorneys and accountants who implement tax minimization/BEPS and tax planning. They also have bending the tax code in their favor, a form of regulatory capture, through lobbyists, powerful friends, and elected officials.