IRS, Tax related strategies--Traders Message Board

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Strategies & Market Trends : IRS, Tax related strategies--Traders

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To: Robert A. Green, CPA who wrote (72)	2/19/1998 2:31:00 AM
From: Colin Cody	of 1383

Robert, I had to print out your comments and questions they were so long... it took six legal size pages! Whew! (g) Good gawd! . I'll address bite sized issues in one post at a time. . First To answer your reasonable question: Yes, I am a practicing CPA, and my firm is also licensed to practice. Is your company licensed by your State Board of Accountancy? I am sure you likely personally are licensed, I was wondering about the FIRM? Or is your firm a non-CPA-licensed financial services business corporation? . I laughed at your characterization of my addressing of Laing v. Comr in a post of mine -- as "opinions on some old tax court case". . Robert, really now! For a CPA to refer to Laing V. Comr as "some old case" is like a Police Office telling a fellow cop, "hey, don't bother with some OLD MARANDA WARNING" -- Or like a Lawyer talking with another Lawyer about "who cares about some OLD AMENDMENTS TO THE CONSTITUTION , like the 5th Amendment!" . Liang v. Comr (along with Yeager v. Comr) is the quintessential case that all TRADER STATUS issues came from! These cases are to TRADER STATUS as the Creme Filling is to a Twinkee. You ain't going nowhere without a thorough working knowledge of these as a basic STARTING LEVEL. . I see you did look up Liang since you discussed it in your reply - that, IMO, is a good start if you want to represent Traders or advise them about TRADER STATUS... But you might do well to read it again, a little more carefully this time. (g) For starters, you claim that Liang was ruled against by the court when in fact the decision of the court was actually entered FOR the petitioner! Sheesh!! Talk about trying to feed your northward facing donkey while standing at his south end! . I'll read on and address anything else, as necessary. . Good Reading! . Colin

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