Taxes are indeed Taxing

Hello Blog readers!

I am having a great week – I hope all of you are having as much fun as I am – although you might actually be doing things “normal people” consider fun.

I, on the other hand, am writing a comprehensive tax research paper for a client on recent US Tax Court rulings on Sub Chapter S-Corporations in relation to distributions made to shareholders, expense items considered “disguised” distributions and cases when personal use of inventory is considered a distribution to a shareholder. Additionally, the substantiation accepted by the US Tax Court to prove the validity of distributions made to the shareholders. I am not writing an opinion on anything specific, it’s more like an explanation of the rulings of the court – merely stating the circumstances of the case and the way the court treated the information provided in context of the case.

Pretty fun..huh…

Usually people hire me to give an opinion on something specific – if a situation or proposed tax transaction conforms to the current tax laws or the possible outcomes of a tax position taken. So this is a bit new for me – the fun never ends!

Hey…you still awake? Yea – well then, why are you snoring?

Anyway here is a video – I hope you like it šŸ™‚


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10 thoughts on “Taxes are indeed Taxing

  1. paywindow7 says:

    Mmm, yes…. interesting. Maybe you should write a book about cranky taxing. Also consider the brightside, your office is indoors with a roof and a controlled enviroment and you ain’t tarring roofs in the summer time or cuttim’ brush for some new highway.

    • Gezabelle says:

      Well there have been days when I envy the landscaping crew at my office building. They actually get to go home at the end of the day and relax.

      I am like constantly thinking about what needs to be done, what I do not yet have to do stuff with , what people are not disclosing…etc.

      All jobs have one basic thing in common – they all suck. But that is why we have TV and beer. (if you like beer – otherwise I can’t help you.)

      • paywindow7 says:

        Especially the beer part.
        Ten thousand years ago, give or take, when they were all still sliding very gingerly down all those tree trunks, I wonder when it was that they discovered that if they took some of those weeds and some of that water and did some things to it that they could make some kind of beer.
        Was that before or after the wheel?

      • Gezabelle says:

        I can’t remember clearly.

        I think it was after because once we started drinking I think we forgot about everything else šŸ™‚

  2. Lovely to hear you again, Gez. I was with you until “You own some trees, I own some trees,” then the rest seemed to be a bit hazy as I imagined sitting under my tree looking at some lovely countryside. Lady Barton St Mary (chartered accountant) has a similar effect on me when she talks finance, so it’s nothing personal. In fact, it’s just a pleasant experience to listen to your voice. Even if I’m not really listening to what you’re saying.

    • Gezabelle says:

      I get that a lot, I have come to recognize the slight glazed and confused look in a man’s eye when I explain the reason’s he cannot deduct the cost of his cat’s vet bills as medical expenses.

      Thank you for the compliment – at least I am pleasantly boring – which is all an accountant can ever hope for in life. šŸ™‚

  3. Stephanie Russo says:

    Nice interesting video šŸ™‚

    Complete tangent, but today I have discovered the total awesomeness of delegation. It’s very nice šŸ™‚

  4. Gezabelle says:

    I like to delegate my delegation – I like to “empower” others by delegating many exciting important tasks and high level decisions, like finding the most effective lipstick color I should ware to a strategy meeting or what shoe sale would be most rewarding use of my weekend – although my assistant has a different word for it – annoying the crap out of her.

    But I really do seriously delegate many functions to staff – like workflow strategies, data presentation and formatting and to find solutions that would increase productivity. It is important to not be a control freak and let people do their job. I know some people that cannot delegate a single task!

    • Stephanie says:

      I feel kind of sorry for you that you have to delegate shopping-related tasks.

      I still don’t really know what ‘workflow strategies’ means. Maybe I don’t work in a big enough office…

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