IRS alters approach to gift tax.
Very often the IRS asks taxpayers to "prove" certain items on their tax returns. A recent court case clarifies how much time the IRS has to request this proof for gift-tax returns. A discussion of this case, and a suggestion on how to better prove payment of income taxes, are contained in the following vignette.
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Blackman Kallick Bartelstein, Certified Public Accountants/Consultants to Business, Houston, TX 77098.
D006801:Humans; D013660:Taxes; D014481:United States