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    October 29, 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. ■