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Author: TMFExRO Big red star, 1000 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121185  
Subject: Re: Tax regulations Date: 1/5/2001 6:00 AM
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Since it requires not only an assessment of taxes owed but also the liability created to pay them, what IRS regulation creates the liability to pay income tax? I have searched the code in Title 26 and can't find a regulation that invokes this liability. I have been able to find the sections that create liability if I distill alcohol, sell tobacco, or manufacture firearms but none on the earning of compensation for labor sold. Am I just confused? Please point me to the regulations on this matter.

I notice that this is your first post at the Fool. Welcome. We don't spend time discussing this twaddle here. You'll find plenty of willing participants at Usenet's misc.taxes. You'll find plenty of information about why you shouldn't waste your time with this at http://www.geocities.com/CapitolHill/2278/ and http://www.quatloos.com/.

TMF ExRO
Phil Marti
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