Well, You Shouldn’t Be

IRS has caused DOJ to file notice of appeal in Loving v. IRS (see my blogposts “Chevron, Mayo–I’m Loving It”, 1/21/13, and “Modified Loving”, 2/4/13). I don’t know what took them so long.

Of course, if DOJ is unsuccessful on appeal and IRS must wait for Congress to act, all the unregistered preparers will have plenty of time to study for the RTRP test. As Congress presently is behaving, they may well have years.

On the Tax Court front today, only two cases, one brought by a veteran both of the United States Air Force and the United States Postal Service, who should get an audit reconsideration (and even IRS agrees), and the other by a real estate operator who trusted his CPA not wisely but too well, and thereby escapes substantial understatement penalties, as he alleges the aforesaid CPA, while preparing all his books and tax returns, stole more than $1 million from him.

Nothing here to paralyze one with shock, either.