lookingforloot

Thanks--my ignorance went even deeper--I won't tell you how stupid I was at the moment, guess it was just a "part-timers" moment. I have it now.

I love this story and would like to pass it along to some people but have no idea how to copy and paste it. I can copy it but paste is not an option when it get ready to save. Could someone help me?

As with most of the bogus tax evasion schemes, you only point to the sections that back up your theory--not all of the sections. I hope that no one actually takes you serious and follows your advice!! I am sure you will tell them that this is information that "even their CPA doesn't know about" and that when the IRS learns they are using your program, they just back off" or some of the other phrases the "Income tax is illegal" koolaide drinkers use. Over the years, I have researched many of these schemes for a book, as well as been a practicing CPA and university professor in taxation. Hopefully, people reading this forum are smart enough that the only thing they will do with your advice is either ignore it or take it to their qualified tax professional and get his/her opinion. Every person's situation is different and can only be handled properly by a qualified person with full knowledge of that person's situation. Ok, I am done with responding to your idiocy so you may have the forum to show your "knowledge" regarding the subject.

It seems that you have bought into one of the many bogus tax evasion schemes that are floating around. Good luck!! Your next vacation could easily be all expenses paid by the taxpayers at the nearest federal facility. Income tax is levied on "All income, from whatever source derived, unless specifically excluded" not just from a "trade or business".

Taxguy is right in what he says and there is no such thing as a simple tax question!! Your entire situation has to be looked at to determine the correct answer to any tax question. Even such a simple question as "Can I claim my son, Johnny as a dependent?" does not have a simple answer without knowing additional information. No section of the tax code is stand alone-most sections have exceptions and the exceptions have exceptions. There is no way that your tax questions can be answered properly on any forum--see a tax professional!!