I used to be careful, but now I’m just lackadaisical.

quote:

Originally posted by SR:
I've tracked many similar theories over the years. They are all based on misreading or incomplete reading of the laws and case laws.

Oh. I thought they were based on "serious, adult level work"?

How can we be sure you're not just a mouthpiece for the Illuminati, sent here to mislead us from learning the True Secrets of the tax code? You were probably dispatched here 16 years ago, to worm your way into our trust and monitor us for signs that any of us learning the Forbidden Knowledge, just biding your time until called upon to distract us from finally peering through the tax smoke and IRS mirrors.

quote:

Originally posted by RogueJSK:

quote:

Originally posted by SR:
I've tracked many similar theories over the years. They are all based on misreading or incomplete reading of the laws and case laws.

Oh. I thought they were based on "serious, adult level work"?

How can we be sure you're not just a mouthpiece for the Illuminati, sent here to mislead us from learning the True Secrets of the tax code? You were probably dispatched here 16 years ago, to worm your way into our trust and monitor us for signs that any of us learning the Forbidden Knowledge, just biding your time until called upon to distract us from finally peering through the tax smoke and IRS mirrors.

I just got off the phone with the dump that gave me my J.D. I demanded a refund because they didn't teach me jack-shit about how to read the law like an adult and figure all this stuff out. The OP's magic voodoo reading of the law and Constipatatedutions should have been day 1, year 1 material.

I don't think my old lawschool is going to give me that refund, though. They'd best reconsider, or I'mma create some joinder!

Missing from the opening post is his endorsement from Wesley Snipes.

quote:

Originally posted by leavemebe:
sovereign

"I fully understand the skepticism.

Adults are capable of reading the actual law and determining the facts as they apply to them."


Ya, so can juries. When they send you to federal prison. You want to chance your freedom go ahead. But it is pretty silly to post bullshit advice that is blatantly illegal. You ought to be ashamed of yourself.

quote:

Originally posted by leavemebe:
Sorry for the delayed response. Busy times.

I fully understand the skepticism.

Adults are capable of reading the actual law and determining the facts as they apply to them.

If you have been paying attention the last three years it should be clear that there is a two-tiered justice system in this country. Yes, Pete Hendrickson and his wife were "convicted" of "crimes" but a careful adult will read the case filings to see what actually happened. You can start at this link:

Hendrickson Crimes


_________________________________________________________________________________

So I looked over the stuff in the link. I am not a lawyer nor a doctor but in my "adult" opinion Hendrickson, his wife, and you are all fucking nuts. Have fun in jail.

quote:

Originally posted by Keystoner:

quote:

Originally posted by SR:
I have been doing tax work since the late 70s. A few years ago (in my 50s) I got a masters of tax from one of the highest ranked programs in the nation.

So you think you're adult enough?

Well... let's not put that to a vote. Perhaps 40 years isn't enough and I need another 30 years or so.... LOL

quote:

Originally posted by RogueJSK:

quote:

Originally posted by SR:
I've tracked many similar theories over the years. They are all based on misreading or incomplete reading of the laws and case laws.

Oh. I thought they were based on "serious, adult level work"?

How can we be sure you're not just a mouthpiece for the Illuminati, sent here to mislead us from learning the True Secrets of the tax code? You were probably dispatched here 16 years ago, to worm your way into our trust and monitor us for signs that any of us learning the Forbidden Knowledge, just biding your time until called upon to distract us from finally peering through the tax smoke and IRS mirrors.

yep

quote:

Originally posted by ShneaSIG:

I just got off the phone with the dump that gave me my J.D. I demanded a refund because they didn't teach me jack-shit about how to read the law like an adult and figure all this stuff out. The OP's magic voodoo reading of the law and Constipatatedutions should have been day 1, year 1 material.

I don't think my old lawschool is going to give me that refund, though. They'd best reconsider, or I'mma create some joinder!

I like the way you think.... Can I hire you to get me a refund from my Masters of Tax classes?

Many years ago I worked at a large company with a guy who had gone to a seminar and learned how to legally pay no or almost no taxes. He gave me the rundown on it. It sounded kind of interesting so I spent some money with a lawyer to drill down on it. Turns out there is this thing called the step transaction rule. The gist of it is if you do several transactions they can be collapsed and looked at as one transaction. If the one collapsed transaction doesn’t pass muster neither do the collection of transactions. I moved to another company and I never did hear whether the IRS caught up to him or not, but if they did, it would not have pretty at all for him.

quote:

Originally posted by SR:

quote:

Originally posted by ShneaSIG:

I just got off the phone with the dump that gave me my J.D. I demanded a refund because they didn't teach me jack-shit about how to read the law like an adult and figure all this stuff out. The OP's magic voodoo reading of the law and Constipatatedutions should have been day 1, year 1 material.

I don't think my old lawschool is going to give me that refund, though. They'd best reconsider, or I'mma create some joinder!

I like the way you think.... Can I hire you to get me a refund from my Masters of Tax classes?

You tryin' to create joinder with me!?!

quote:

Originally posted by Herkdriver:
Just for grins and giggles I did a quick google search of the guy running the website the OP posted.

"In 2009, Peter Hendrickson was convicted of filing multiple false income tax returns, including the 2002 and 2003 returns that he filed jointly with his wife. The tax returns at issue were based on the false and frivolous tax theories that Peter Hendrickson promoted in his book, “Cracking the Code,” and on his website, Lost Horizons. Peter Hendrickson was sentenced to serve 27 months in prison in that case."

Here is a link if you want to read more.

Better than most fiction.

It takes a lot more to fight tyranny than some bogus notion of starving it for revenue.

quote:

Originally posted by bald1:
Missing from the opening post is his endorsement from Wesley Snipes.

Otto Pilot beat you to the Wesley Snipes comment in like the second reply to the thread.

This is like the antivaxxers of the tax world.


"I'm an experienced accountant."
"And I've been a tax attorney for decades."
"We're both highly educated experts in this particular field, and we both agree that the tax code works this one way."


"Yeah? Well I've read one book and spent literally dozens of minutes Googling stuff, and therefore I've decided you're both full of shit, I know more than you, and the tax code clearly works this other way. You really should educate yourselves."

quote:

Originally posted by frayedends:

quote:

Originally posted by bald1:
Missing from the opening post is his endorsement from Wesley Snipes.

Otto Pilot beat you to the Wesley Snipes comment in like the second reply to the thread.

You're right. Damn getting old sucks... I blew right by it without seeing it. Apologies to all concerned.

quote:

Originally posted by bald1:
...

You're right. Damn getting old sucks... I blew right by it without seeing it. Apologies to all concerned.

Don't even sweat that. I thought I won an instant karma and completely missed the actual winner in like the first reply.

quote:

Originally posted by RogueJSK:
This is like the antivaxxers of the tax world.

Doh!

quote:

Originally posted by RogueJSK:
"Yeah? Well I've read one book and spent literally dozens of minutes Googling stuff, and therefore I've decided you're both full of shit, I know more than you, and the tax code clearly works this other way. You really should educate yourselves."

Well, dog doo. The bachelor's degree, the CPA cert, the MBA in finance, the post-grad work at Wharton, a few decades of accounting/finance/tax/management experience -- all for naught. Bummer.

Haven't filed this year's tax return yet. Who knows? Maybe this year salaries will be magically non-taxable. A negative tax rate on capital gains would be nice, too.

Slight thread drift....

My sister is a lawyer. When she passed the bar, I happened to be in CompUSA. (For you Millenials, that was a big box store that specialized in selling computers and computer parts.) I happened to see some "Lawyer in a Box" software in the bargain bin. I bought it and sent it to her as a gag gift.

She still hasn't forgiven me!

Nope and Nope.

For decades I worked, had two side businesses and two residential rental properties and one commercial rental along with varied financial investments...
At one time I tried to do my own taxes and hated the stress. I bailed.

Now I pay a Lawyer... when needed, an experienced financial planner and the best, IMO, accountant in the county. I have known him since High School, ~50 years. The planner and accountant both get schooled every year on changes to the law and such. I get involved ZERO with my taxes anymore. I 100% trust the guys I have used for decades to get it right. I hand off the paper work, and go back when they call me to sign where they point out to sign. In about 2 months I get a very reasonable bill.. that is well worth the cost.

Retired now and no businesses or rentals now but still farm it out.