Description
Most trial lawyers cringe when discussing taxes, and they are not alone. Even if Vice President Joe Biden thinks payiin taxes is patriotic, most of us (including tax lawyers) don’t particularly like paying them. But we must, and even non-tax lawyers need basic grounding in the tax system. Tax law is arcane and formalistic, so paying attention to form is quite important. Often, doing something one way can trigger a big tax bill, while doing it only slightly differently has no adverse tax result...

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