"IRS" Posts
Substance Over Form
By Dec 28, 2011
The burden is on the taxpayer to find the opportunities, interpret the Code, adapt his or her behavior accordingly and finally file the appropriate forms with the IRS.
The Internal Revenue Service recognizes that taxpayers have the right to arrange their affairs to minimize tax liability. Lawmakers create tax opportunities within the Internal Revenue Code (the Code) for several reasons including the stimulation of the economy through business owners. However, the burden is on the taxpayer to find the opportunities, interpret the Code, adapt his or her behavior accordingly and finally file the appropriate forms with the IRS. With the …
