Article Bryan Camp: Lesson From The Tax Court: Into The Weeds on COGS
Article Bryan Camp: Lesson From The Tax Court: Into The Weeds on COGS
This article by Bryan Camp the George H. Mahon Professor of Law at Texas Tech University School of Law comes to us highly recommended by our new CPA & Law writer Jordan Zoot. We thank Bryan for giving us permission to re-publish. He writes, “In real life, however, inventory accounting can be crucial, and you had better have good representation when the IRS questions your numbers. That is the lesson I see in the recent case of Laurel Alterman and William A. Gibson v. Commissioner, T.C. Memo. 2018-83 (June 13, 2018), a case involving poor representation of a medical marijuana business.”
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