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As year-end bears down like a runaway train, lets pause for a moment and consider which worthy taxpayer should be our 2006 Taxpayer of the Year. The only requirement for the award is that the taxpayer has done something, for good, for ill, or for humor (usually unintended) on the tax scene in 2006. I will list a few names and put the issue to a reader vote. If you feel I missed somebody worthy, make a note in the comments.
The initial slate of nominees:
Marrita Murphy, whose whistleblower lawsuit looked for awhile like it would upset decades of accepted tax law.
Tommie Underwood, ex-IRS agent who claimed his dead father-in-law as a dependent.
Wesley Snipes, actor and proponent of an, er, alternative theory of the tax law.
Walter Anderson, who pleaded guilty in America's "biggest tax evasion" case.
Ruth Harrell, who deducted $5,625 for cleaning her husband's UPS uniforms because that's how much she estimated having them cleaned professionally would cost.
Treasury Secretary Paulson, who took a big pay cut, but gets to diversify his portfolio tax-free.
David Guardino, the clairvoyant who was convicted of tax evasion, even though he had to see it coming.
Richard Hatch, convicted of failing to report $1 million of income the entire nation saw him earn on television.
Ladies and Gentlemen, it's up to you:
Vote early, vote often.
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The items included in the Tax Update Blog are informational only and are not meant as tax advice. Consult with your tax advisor to determine how any item applies to your situation.
Joe Kristan writes the Tax Update items, and any opinions expressed or implied are not neccesarily shared by anyone else at Roth & Company, P.C. Address questions or comments on Tax Updates to