Tax Update Blog: Permalink

« Previous · Tax Update Blog Home · Next »

DON'T THROW ME IN THE BRIAR PATCH, DR. MAULE!

December 01, 2004

James Maule, the prodigious Villanova tax professor, posts musings on partnership tax law today. His conclusions: hard to learn, hard to teach.

Oddly, we sort of like partnership tax. Of course, maybe we're just a little odd.

He repeats a Tax Court judge's classic statement on Subchapter K, where the tax code holds its partnership rules:

   The distressingly complex and confusing nature of the 
   provisions of subchapter K present a formidable 
   obstacle to the comprehension of these provisions 
   without the expenditure of a disproportionate amount 
   of time and effort even by one who is sophisticated in 
   tax matters with many years of experience in the tax 
   field.

Yes! That's what makes it fun!

Bye now; we need to go and mail our entry for next month's Iowa outdoor thumb-hammering championships.

      Bookmark: del.icio.us • Digg • reddit