In Uncategorized on 09/14/2020 at 14:36

Pass the word for Peter Reilly, CPA, Forbes’ intrepid blogger and Webinar mayvinn (if you’ll pardon an arcane technical term)! Judge Holmes needs CPAs and RAs on the bridge.

It looked at first like a simple NFTL for two quarters of FICA-FUTA-ITW in Life-Skills School, Ltd., Docket No. 10114-19L, filed 9/14/20.

But Judge Mark V. Holmes quickly found himself embrangled in “several other quarters and years.” Order, at p. 1.

“And the particular problem is that one of petitioner’s employees was embezzling money to pay taxes owed by a completely different entity. That now-former employee has since paid restitution, which has led to a complex tangle of credits, overpayments, and assessments.” Order, at p. 1.

So what is a judge, even one whose opinions have reached “to such rarefied heights of pure mathematics that it is said that there was no man in the scientific press capable of criticizing” them, as Judge Holmes, to do?

Why, call in people who can actually do arithmetic without removing their socks.

“After a brief review, the Court concluded that turning this tangle over to accountants and revenue agents would be likelier to lead to its unraveling than leaving it with the lawyers.” Order, at p. 1.

I’m sure my colleague and esteemed luncheon companion Peter Reilly, CPA, would have the whole frittata unscrambled, with the mushrooms back in the ground, the bell peppers back on the vine, and the eggs back in their shells, in time for a quick Sam Boston Lager at day’s end.


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