In this article, last updated 2/12/2007, tax attorney Robert E. McKenzie discusses the Taxpayer Bill of Rights 2 (TBR2).
Preparation is essential to successfully representing your client during audit. The better you prepare for an audit the better the ultimate result for your client..
2.20 Generally, any
And Chicago tax lawyer Robert E. McKenzie, who has defended rich folks claiming losses on everything from deer farms to race horses to yachts, says the Romneys -–despite the fact that Ann Romney’s statements on what dressage has done for her personally suggests lack of profit motive– likely did all the paperwork right and can assert they thought they’d make a profit, even if they never do. “The way I would argue it is `this horse competed in the Olympics and we’ll breed it and make money off the foal’,’’ says McKenzie. “When you’re that rich you can afford to have talented tax advisers.”