October 30, 2015 Tax Bits

It Was Too Good to Be True

By Robert S. Steinberg, Law Offices of Robert S. Steinberg, Palmetto Bay, FL

(To tune of "Can't Take My Eyes Off of You," by Bob Crewe & Bob Gaudio and made popular by Frankie Valli)

Verses

Sounded too good to be true
He said no tax would be due
Still I bought into his deal
Greed has a cunning appeal
With blinkers over my eyes
No tax for me was the prize
About this nothing is new
It seemed too good to be true

Well for two years it was grand
Just as that tax lawyer planned
Who knew that he was a crook?
Selling me gobbledygook
Till IRS trolled the facts
Telling me I owed the tax
Penalties now I owe too
It was too good to be true

Chorus

I should have told him
That he was full of crap
I should have told him
That I'm no shelter sap
I should have told him
But I didn't tell him that

Should have known better
And recognized a kitsch
Should have known better
Swung for the sucker's pitch
Should have known better
Tax lawyers all get rich

Verse

It seemed too good to be true
Taxpayers I'm warning you
Don't fall right into the trap
Don't be a tax shelter sap
Be wary of those who sell
In your head should ring a bell
Telling you caution is due
When it's too good to be true. ■