Episode 2 - Aboui v. Commissioner

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Recorded11 Dec 2024

Publisherfeed.podbean.com ↗

Handlerec:19016430

Show notes

Buy here pay here car dealership, bad accounting record access, and an aggressive IRS agent all combine for a few million dollars in tax assessed. But the good guys get a win in this case and Aboui gets major tax relief mostly from some IRS missteps. We talk about: - Cohan rule (what happens when accounting is bad) - S-Corp taxation on distributions - Types of audit techniques the IRS will use

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