The tax deadlines of March 15 and April 18 (and April 19 for the lucky folks in Maine and Massachusetts) are behind us; but it is always incredible how some taxpayers come up with interesting reporting positions during tax season. Every year, I get several phone calls from outside parties doing rounds of opinion shopping.
In these conversations—and when providing the necessary services for clients—the key for us is always a reasonable position supported with technical analysis. Relevant facts and information are integral to decipher and determine appropriate positions. Without them, there is no reason to continue. Rushing to conclusions usually has future repercussions and possible unwarranted apprehensions, while extensions to file can help facilitate time to review and make an appropriate decision. Risk in tax matters cannot be taken lightly. Careful tax planning is a must when considering the multiple thousand taxing jurisdictions in the United States and abroad.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
