“Taxpayers rely on IRS guidance at their own peril.” So said a Tax Court judge, citing earlier decisions by both the Tax Court and the 10th Circuit U. S. Court of Appeals. Read about it here on the TaxProf Blog, a very entertaining source of information on tax and higher education news. Be sure to check out his daily updates on the IRS scandal, now at day 346!
The contents of this blog, this web site, and any writings by me that are linked here, are all my personal commentary. None of it is intended to be legal advice for your situation.