The Godfather of Tax Policy turned 55 yesterday and since I was traveling, I wasn’t able to send out the well wishes on the day of. Sorry, GGN.
Thankfully, there were plenty of people that weren’t so careless:
You’ve got to think that Grove was expecting something from the ATR scamps. He counts their bagel and coffee consumption, after all. No way they’re missing a birthday. Got any birthday wishes for my fellow Swedish influencer? Leave them below.
Seriously people. We thought that the fog of confusion around this issue had been lifted. We’ll go over it again for those of you just joining us.
If you are not a well-connected bureaucrat with a fabulous coif, you are not afforded the same privileges as though who are/do.
And tax court debunks the latest attempt to draw some likeness between a regular schmo and T Geith:
We shall address briefly petitioner’s contention that the IRS granted “favorable treatment” in a case involving U.S. Secretary of the Treasury Timothy Geithner, which petitioner described as “incredibly similar” to the instant case. According to petitioner, “there should not be different, or favorable rules for the well-connected”. The record in this case does not establish any facts relating to the case to which petitioner refers involving U.S. Secretary of the Treasury Timothy Geithner. In any event, those facts would be irrelevant to our resolution of the issue presented here. Regardless of the facts and circumstances relating to the case to which petitioner refers involving U.S. Secretary of the Treasury Timothy Geithner, petitioner is required to establish on the basis of the facts and circumstances that are established by the record in his own case that there was reasonable cause for, and that he acted in good faith with respect to, the underpayment for each of his taxable years 2005 and 2006 that is attributable to his failure to report self-employment tax.
Celebrities suck at taxes. This is known. From Young Buck to Jaime Pressly, there are no shortage of talented-ish people that find themselves in a world of hurt when in comes to complying with the IRC. How any accountants to the stars manage to keep their clients from completely losing their shit this time of year is anyone’s guess.
Luckily for us (everyone out there seems to be suffering from a busy season hangover), a couple of videos we stumbled across more or less put this niche expertise into perspective:
The question over at TV.com, however, is whether or not SNL got its idea for Mort Mort Feingold, Celebrity Accountant from Alan Kaufman, rock star accountant. You can debate that if you feel so inclined but the realism of each is what’s noteworthy here. Anyone with firsthand experience in the A, B, C, or D celebrity clients is invited to share anecdotes at this time.
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