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QUOTE OF THE DAY

March 25, 2004

"The tax Code is complex and often requires intensive scrutiny by tax professionals to ensure compliance therewith. The perplexity of the Code renders it vulnerable to selective interpretations favorable to taxpayers. Plaintiff's myopic reading of Section 6656 attempts to escape the mandates of one provision by relying on an isolated and literal interpretation of another."


-U.S. District Court Judge John M. Manos
F.E. Schumacher Company, Inc. v. US (2004)

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"The words of such an act as the Internal Revenue Code merely dance before my eyes in a meaningless procession, and leave in my mind only a confused sense of some vitally important, but successfully concealed, meaning which is in my ability to comprehend only after an inordinate expenditure of time."

- Judge Hand

That's the quote of the 20th Century.

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