Next Tax Court Exam - Nov 2020
This topic contains 4 replies, has 4 voices, and was last updated by DavidWoods 1 week, 5 days ago.
We get someone being scammed by a Nigerian general trying to deduct their loss on Schedule C as a business expense.
WOW. The phrase “a fool and his money are quickly parted” comes to mind.
The comedy errors in this case are hard to read about. It’s like watching a car crash….. and then back up and crash again. Come on man!
THANKS David for the case…It reaffirms how the use of Section 162 is scrutinized by Court prism….
The petitioner was well educated at that. All his years in International Finance and Corporate Finance, you’d have thought he would know better. No doubt California has been watching this one.
Or you wonder how someone that high up the corporate ladder could have been incredibly and moronically taken by such an obvious scam.
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