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ACRONYMITY
May 26, 2006
Sentences like this are what attract impressionable young lawyers into exciting tax careers:
Notice 2006-30, which informs trustees and middlemen of non-mortgage widely held fixed investment trusts (NMWHFITs) that the date for satisfying the qualified NMWHFIT exception in § 1.671-5(c)(2)(iv)(E) is extended by 60 days.
I wonder if they actually talk like that deep in the bowels of IRS headquarters? I'd love to see the pronunciation guide.
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Comments
Nim-Whif-its? Num-Wha-fits? Nim-Fits? Nim-Whits?
Posted by: Chad | May 26, 2006 9:41 AM
It's sort of like cop talk. Heehee. Though I doubt the IRS guys ever get into a lot of fights. Or car chases. Or shoot-outs. Or doughnut stops.
Posted by: Brent | May 27, 2006 9:32 PM
Some of them definitely go for the donuts...
Posted by: Joe Kristan | May 29, 2006 9:57 AM