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Archive for May, 2017

Facing Off With IRS Auditor

Posted by taxguru on May 27, 2017

The third season of the TV version of Fargo has been very amusing.  This scene from a recent episode, where a cash bank withdrawal of a tiny bit over $10,000 brings in a pushy IRS auditor, is funny in the way that the villain’s henchman handles the auditor.

 

The henchman cites "Section 41(c) of the U.S. Tax Code" as dealing with the taxpayer’s right to have licensed  representation.  That citation sounded strange to me, so I looked it up in the actual Internal Revenue Code that is included in my main tax reference, TheTaxBook’s WebLibrary.  Section 41 actually deals with  Credit for increasing research activities.  There are paragraphs (a) and (b) under Section 41, but no (c).

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